Securities Exemption. 16.1 The Lender acknowledges that any Securities issued pursuant hereto will have such hold periods as are required under applicable securities laws and as a result may not be sold, transferred or otherwise disposed, except pursuant to an effective registration statement under the Securities Act, or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in each case only in accordance with all applicable securities laws.
Appears in 2 contracts
Samples: Revolving Loan Agreement (Panglobal Brands Inc.), Revolving Loan Agreement (Panglobal Brands Inc.)
Securities Exemption. 16.1 13.1 The Lender acknowledges Lenders acknowledge that any Securities issued pursuant hereto will have such hold periods as are required under applicable securities laws and as a result may not be sold, transferred or otherwise disposed, except pursuant to an effective registration statement under the Securities Act, or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in each case only in accordance with all applicable securities laws.
Appears in 2 contracts
Samples: Convertible Loan and Warrant Subscription Agreement (Online Disruptive Technologies, Inc.), Convertible Loan and Warrant Subscription Agreement (Orgenesis Inc.)
Securities Exemption. 16.1 The Lender acknowledges Lenders acknowledge that any Securities issued pursuant hereto will have such hold periods as are required under applicable securities laws and as a result may not be sold, transferred or otherwise disposed, except pursuant to an effective registration statement under the Securities Act, or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in each case only in accordance with all applicable securities laws.
Appears in 1 contract
