Common use of Securities Issuance Restrictions; Capital Raising Limitations; Right Of Participation Clause in Contracts

Securities Issuance Restrictions; Capital Raising Limitations; Right Of Participation. (i) Lock-Up of Issuance of Securities. Except for Exempt Issuances, the transactions or other issuances of securities by the Company to the Buyers as contemplated by the Transaction Documents, during the period from the date hereof until the date that is 90 days following the Effective Date (the "Limitation Period"), neither the Company nor any Subsidiary shall issue shares of Common Stock or Common Stock Equivalents (the "Equity Issuance Lock-Up"), provided, however, the 90 day period set forth in this Section 4(d)(i) shall be extended for the number of Trading Days during such period in which (i) trading in the Common Stock is suspended by any Trading Market, or (ii) following the Effective Date, the Registration Statement is not effective or the prospectus included in the Registration Statement may not be used by the Buyers for the resale of the Underlying Shares.. The Equity Issuance Lock-Up shall not apply in respect of an Exempt Issuance.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Universal Energy Corp.), Securities Purchase Agreement (Universal Energy Corp.)

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Securities Issuance Restrictions; Capital Raising Limitations; Right Of Participation. (i) Lock-Up of Issuance of Securities. Except for Exempt Issuances, the transactions or other issuances of securities by the Company to the Buyers as contemplated by the Transaction Documents, during the period from the date hereof until the earlier of (i) the date that is 90 days following the Effective Date or (ii) twelve (12) months from the Closing Date (the "Limitation Period"), neither the Company nor any Subsidiary shall issue shares of Common Stock or Common Stock Equivalents (the "Equity Issuance Lock-Up"), provided, however, the 90 day period set forth in this Section 4(d)(i) shall be extended for the number of Trading Days during such period in which (i) trading in the Common Stock is suspended by any Trading Market, or (ii) following the Effective Date, the Registration Statement is not effective or the prospectus included in the Registration Statement may not be used by the Buyers for the resale of the Underlying Shares.. Shares The Equity Issuance Lock-Up shall not apply in respect of an Exempt Issuance.

Appears in 1 contract

Samples: Securities Purchase Agreement (Universal Energy Corp.)

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Securities Issuance Restrictions; Capital Raising Limitations; Right Of Participation. (i) Lock-Up of Issuance of Securities. Except for Exempt Issuances, the transactions or other issuances of securities by the Company to the Buyers as contemplated by the Transaction Documents, during the period from the date hereof until the date that is 90 ninety (90) days following the Effective Date (the "Limitation Period"), neither the Company nor any Subsidiary shall issue shares of Common Stock or Common Stock Equivalents (the "Equity Issuance Lock-Up"), provided, however, the 90 day period set forth in this Section 4(d)(i) shall be extended for the number of Trading Days during such period in which (i) trading in the Common Stock is suspended by any Trading Market, or (ii) following the Effective Date, the Registration Statement is not effective or the prospectus included in the Registration Statement may not be used by the Buyers for the resale of the Underlying Shares.. . The Equity Issuance Lock-Up shall not apply in respect of an Exempt Issuance.

Appears in 1 contract

Samples: Securities Purchase Agreement (ICP Solar Technologies Inc.)

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