Sales Limitations. The Holder shall not sell such number of ADSs in any calendar month (being the 1st of the month through the last day of the same month) that would result in gross proceeds received by the Holder in excess of the greater of (a) 30% of the dollar trading volume of the Ordinary Shares during such calendar month, of (b) $3,290,000. This limitation shall not apply (i) at any time after the occurrence of an Event of Default, and (ii) with respect to any sales of ADSs at prices greater than or equal to the Fixed Conversion Price. This limitation may be waived with the consent of the Company.
Sales Limitations. (a) Prior to the first anniversary of the Effective Date, none of the Consideration Shares may be offered for sale, sold, assigned or transferred to any Person other than an Affiliate of the Stockholder. From, and including, the first anniversary of the Effective Date, to, but excluding, the second anniversary of the Effective Date, no more than 470,000 of the Consideration Shares (as adjusted for stock splits, stock dividends and similar events) in the aggregate, may be offered for sale, sold, assigned or transferred to any Person other than an Affiliate of the Stockholder. The transfer restrictions in Section 3.1 shall terminate upon the consummation of a Change in Control.
Sales Limitations. The Company is in compliance with Commission rules that prohibit the Company from selling securities in a public primary offering with a value exceeding more than one-third of its public float in any 12-month period so long as its public float remains below $75.0 million Any certificate signed by any officer of the Company delivered to the Manager or to counsel for the Manager shall be deemed a representation and warranty by the Company to the Manager as to the matters covered thereby on the date of such certificate. The Company acknowledges that the Manager and, for purposes of the opinions to be delivered pursuant to Section 6 hereof, counsel to the Company and counsel to the Manager, will rely upon the accuracy and truthfulness of the foregoing representations and hereby consents to such reliance.
Sales Limitations. A. Kenwood and Dealer agree that Dealer shall not sell or offer the Products for sale from any locations other than those which Kenwood has authorized in advance in writing. Dealer's presently authorized location(s) are listed on the Applicable Product Addenda. 3 B. Kenwood and Dealer further agree that unless authorized in advance by Kenwood in writing, Dealer shall not sell or otherwise transfer Kenwood Products to any other person or entity for purposes of further resale. Any such authorization may be withdrawn by Kenwood at any time, at its sole discretion, by written notice to Dealer.
Sales Limitations. Notwithstanding anything in this Agreement to the contrary, the Shareholder agree that the Shareholders collectively shall not effect the sale or distribution of greater than 33.33% of the Registrable Securities registered pursuant to this Agreement during any ninety (90) day period beginning on the Lockup Date; provided, however, that if the Shareholders collectively effect the sale or distribution of less than such percentage in any such 90-day period, then the Shareholders may collectively sell up to an additional amount of Registrable Securities equal to the amount by which the percentage sold in such earlier 90-day period was less than such percentage, such that the Shareholders will be permitted to sell 100% of such securities (to the extent registered) within 270 days from the Lockup Date. By way of example, if the Shareholders collectively sell an aggregate of 20% of such securities during the initial 90-day period, they shall be permitted to collectively sell an aggregate of 46.66% (33.33% + 13.33%) of such securities during the following 90-day period. The Shareholders understand and agree that the Registrable Securities will contain a legend reflecting such restrictions.
Sales Limitations. ADM will not be required to purchase Products from WIE, if ADM does not believe in good faith that it is in the best interests of the parties, based on market conditions, unavailability of customers, or other factors. This means that ADM will have the discretion to both build and decrease stored inventories of the Products produced under this Agreement, during the entire term of this Agreement. ADM agrees to attempt to do so efficiently, effectively, and in a manner that is in the best interests of the parties.
Sales Limitations. The Investor agrees during the Effectiveness Period (as such term is defined in the Registration Rights Agreement) to limit the number of shares of Common Stock sold by such Investor in the public market in any trading day to the Sale Limitation Amount.
Sales Limitations. Seller reserves the right to prohibit sales to resellers or for any other reason and to limit the quantity of Products sold to Customer.
Sales Limitations. Distributor agrees as follows:
Sales Limitations. We reserve the right, but are not obligated, to limit the sales of our products or services to any person, geographic region, or jurisdiction. We may exercise this right on a case-by-case basis.
