Common use of Restriction Period No Sell Clause in Contracts

Restriction Period No Sell. The Investor agrees that during the Restriction Period, neither the Investor nor any of its Affiliates shall offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise dispose of in any manner, either directly or indirectly (“Sale” or “Sell”), any Shares or any securities of the Company issued as a dividend or distribution on, or involving a recapitalization or reorganization with respect to, any of the Shares (“Covenant Shares”), other than transfers of securities between and among the Investor and any one or more of its Affiliates. The Company shall use commercially reasonable efforts to permit the Shares to be eligible for clearance and settlement through the facilities of The Depository Trust Company immediately following the termination of the Restriction Period.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Aduro Biotech, Inc.), Series E Preferred Stock Purchase Agreement (Aduro Biotech, Inc.)

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Restriction Period No Sell. The Each Investor agrees that during the Restriction Period, neither the Investor nor any of its Affiliates shall offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise dispose of in any manner, either directly or indirectly (“Sale” or “Sell”)indirectly, any Shares Shares, or any securities of the Company issued as a dividend or distribution on, or involving a recapitalization or reorganization with respect to, any of the such Shares (collectively, “Covenant Shares”), other than transfers of securities between and among the Investor Investors and any one or more of its their respective Affiliates. The Company shall use commercially reasonable efforts to permit the Shares to be eligible for clearance and settlement through the facilities of The Depository Trust Company immediately following the termination of the Restriction Period.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Eiger BioPharmaceuticals, Inc.)

Restriction Period No Sell. The Investor agrees that during the Restriction Period, neither the Investor nor any of its Affiliates shall offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise dispose of in any manner, either directly or indirectly (“Sale” or “Sell”), any Shares Shares, or any securities of the Company issued as a dividend or distribution on, or involving a recapitalization or reorganization with respect to, any of the such Shares (collectively, “Covenant Shares”), other than transfers of securities between and among the Investor and any one or more of its Affiliates. The Company shall use commercially reasonable efforts to permit the Shares to be eligible for clearance and settlement through the facilities of The Depository Trust Company immediately following the termination of the Restriction Period.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Cytokinetics Inc)

Restriction Period No Sell. The Investor agrees that during the Restriction Period, neither the Investor nor any of its Affiliates shall offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise dispose of in any manner, either directly or indirectly (“Sale” or “Sell”), any Shares Shares, or any securities of the Company issued as a dividend or distribution on, or involving a recapitalization or reorganization with respect to, any of the such Shares (collectively, “Covenant Shares”), other than transfers of securities between and among the Investor Company and any one or more of its Affiliates. The Company shall use commercially reasonable efforts to permit the Shares to be eligible for clearance and settlement through the facilities of The Depository Trust Company immediately following the termination of the Restriction Period.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Cytokinetics Inc)

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Restriction Period No Sell. The Investor agrees that during the Restriction Period, neither the Investor nor any of its Affiliates shall offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise dispose of in any manner, either directly or indirectly (“Sale” or “Sell”), any Shares or any securities of the Company issued as a dividend or distribution on, or involving a recapitalization or reorganization with respect to, any of the such Shares (collectively, “Covenant Shares”), other than transfers of securities between and among the Investor and any one or more of its Affiliates. The Company shall use commercially reasonable efforts to permit the Shares to be eligible for clearance and settlement through the facilities of The Depository Trust Company immediately following the termination of the Restriction Period.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Cytokinetics Inc)

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