Common use of RETENTION OF STOCK OWNERSHIP Clause in Contracts

RETENTION OF STOCK OWNERSHIP. (a) Borrower shall not offer, sell or otherwise dispose of any shares of Common Stock or securities exercisable or convertible into shares of Common Stock for a period of twelve (12) months following the Loan Closing without the written approval of the Lender, other than (i) Common Stock issued upon the conversion of any of the Debentures; and

RETENTION OF STOCK OWNERSHIP. (a) Borrower shall not offer, sell or otherwise dispose of any shares of Common Stock or securities exercisable or convertible into shares of Common Stock for a period of twelve (12) months following the Loan Closing without the written approval of the LenderClosing, other than except (i) Common Stock issued upon the conversion of any of the Debentures; and;

RETENTION OF STOCK OWNERSHIP. (a) Borrower The Company shall not offer, sell or otherwise dispose of any shares of Common Stock or securities exercisable or convertible into shares of Common Stock for a period of twelve (12) months following the Loan Closing without the written approval of the Lender, other than (i) Common Stock issued upon the conversion of any of the Debentures; and

RETENTION OF STOCK OWNERSHIP. (a) Borrower shall not offer, sell or otherwise dispose of any shares of Common Stock or securities exercisable or convertible into shares of Common Stock for a period of twelve (12) months following the Loan Closing without the written approval of the LenderLenders, other than (i) Common Stock issued upon the conversion of any of the Debentures; and;

RETENTION OF STOCK OWNERSHIP. (a) Borrower shall not offer, sell or otherwise dispose of any shares of Common Stock or securities exercisable or convertible into shares of Common Stock for a period of twelve (12) months 120 days following the Loan Closing without the written approval of the LenderClosing, other than except (iA) Common Stock issued upon the conversion of any of the Debentures; and;