Common use of Securities Law Provision Clause in Contracts

Securities Law Provision. Debtors recognize that Agent may be limited in its ability to effect a sale to the public of all or part of the Pledged Securities by reason of certain prohibitions in the Securities Act of 1933, as amended, or other federal or state securities laws (collectively, the “Securities Laws”), and may be compelled to resort to one or more sales to a restricted group of purchasers who may be required to agree to acquire the Pledged Securities for their own account, for investment and not with a view to the distribution or resale thereof. Debtors agree that sales so made may be at prices and on terms less favorable than if the Pledged Securities were sold to the public, and that Agent has no obligation to delay the sale of any Pledged Securities for the period of time necessary to register the Pledged Securities for sale to the public under the Securities Laws. Debtors shall cooperate with Agent in its attempt to satisfy any requirements under the Securities Laws (including, without limitation, registration thereunder if requested by Agent) applicable to the sale of the Pledged Securities by Agent.

Appears in 5 contracts

Samples: Security Agreement (YayYo, Inc.), Security Agreement (xG TECHNOLOGY, INC.), Security Agreement (xG TECHNOLOGY, INC.)

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Securities Law Provision. Debtors recognize Each Pledgor recognizes that the Agent may be limited in its ability to effect a sale to the public of all or part of the Pledged Securities Collateral by reason of certain prohibitions in the Securities Act of 1933, as amended, or other federal or state securities laws (collectively, the “Securities Laws”), and may be compelled to resort to one or more sales to a restricted group of purchasers who may be required to agree to acquire the Pledged Securities Collateral for their own account, for investment and not with a view to the distribution or resale thereof. Debtors agree Each Pledgor agrees that sales so made may be at prices and on terms less favorable than if the Pledged Securities Collateral were sold to the public, and that the Agent has no obligation to delay the sale of any Pledged Securities Collateral for the period of time necessary to register the Pledged Securities Collateral for sale to the public under the Securities Laws. Debtors Each Pledgor and each Subsidiary thereof shall cooperate with the Agent in its attempt attempts to satisfy any requirements under the Securities Laws (including, including without limitation, limitation registration thereunder if requested by the Agent) applicable to the sale of the Pledged Securities Collateral by the Agent.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Nestor Inc), Pledge Agreement (Nestor Inc), Securities Purchase Agreement (Nestor Inc)

Securities Law Provision. Debtors recognize The Company recognizes that Agent may be limited in its ability to effect a sale to the public of all or part of the Pledged Securities by reason of certain prohibitions in the Securities Act of 1933, as amended, or other federal or state securities laws (collectively, the “Securities Laws”), and may be compelled to resort to one or more sales to a restricted group of purchasers who may be required to agree to acquire the Pledged Securities for their own account, for investment and not with a view to the distribution or resale thereof. Debtors agree The Company agrees that sales so made may be at prices and on terms less favorable than if the Pledged Securities were sold to the public, and that Agent has no obligation to delay the sale of any Pledged Securities for the period of time necessary to register the Pledged Securities for sale to the public under the Securities Laws. Debtors The Company shall cooperate with Agent in its attempt to satisfy any requirements under the Securities Laws (including, without limitation, registration thereunder if requested by Agent) applicable to the sale of the Pledged Securities by Agent.

Appears in 3 contracts

Samples: Security Agreement (Endexx Corp), Security Agreement (Endexx Corp), Security Agreement (Ceelox Inc.)

Securities Law Provision. Debtors recognize Pledgor recognizes that the Agent may be limited in its ability to effect a sale to the public of all or part of the Pledged Securities Collateral by reason of certain prohibitions in the Securities Act of 1933, as amended, or other federal or state securities laws (collectively, the "Securities Laws"), and may be compelled to resort to one or more sales to a restricted group of purchasers who may be required to agree to acquire the Pledged Securities Collateral for their own account, for investment and not with a view to the distribution or resale thereof. Debtors agree Pledgor agrees that sales so made may be at prices and on terms less favorable than if the Pledged Securities Collateral were sold to the public, and that the Agent has no obligation to delay the sale of any Pledged Securities Collateral for the period of time necessary to register the Pledged Securities Collateral for sale to the public under the Securities Laws. Debtors Pledgor shall (and require the Borrower and its Subsidiaries to) cooperate with the Agent in its attempt attempts to satisfy any requirements under the Securities Laws (including, including without limitation, limitation registration thereunder if requested by Agent) applicable to the sale of the Pledged Securities Collateral by Agentthe Agent at the Borrower's and its Subsidiaries' cost and expense.

Appears in 2 contracts

Samples: Credit Agreement (Susquehanna Media Co), Stock Pledge Agreement (Lenfest Communications Inc)

Securities Law Provision. Debtors recognize The Debtor recognizes that Agent may be limited in its ability to effect a sale to the public of all or part of the Pledged Securities any pledged securities by reason of certain prohibitions in the Securities Act of 1933, as amended, or other federal or state securities laws (collectively, the " Securities Laws”Laws "), and may be compelled to resort to one or more sales to a restricted group of purchasers who may be required to agree to acquire the Pledged Securities pledged securities for their own account, for investment and not with a view to the distribution or resale thereof. Debtors agree The Debtor agrees that sales so made may be at prices and on terms less favorable than if the Pledged Securities pledged securities were sold to the public, and that Agent has no obligation to delay the sale of any Pledged Securities pledged securities for the period of time necessary to register the Pledged Securities pledged securities for sale to the public under the Securities Laws. Debtors The Debtor shall cooperate with Agent in its attempt to satisfy any requirements under the Securities Laws (including, without limitation, registration thereunder if requested by Agent) applicable to the sale of the Pledged Securities pledged securities by Agent.

Appears in 2 contracts

Samples: Security Agreement (PERF Go-Green Holdings, Inc), Security Agreement (PERF Go-Green Holdings, Inc)

Securities Law Provision. Debtors recognize Each Debtor recognizes that Agent may be limited in its ability to effect a sale to the public of all or part of the Pledged Securities by reason of certain prohibitions in the Securities Act of 1933, as amended, or other federal or state securities laws (collectively, the “Securities Laws”), and may be compelled to resort to one or more sales to a restricted group of purchasers who may be required to agree to acquire the Pledged Securities for their own account, for investment and not with a view to the distribution or resale thereof. Debtors agree Each Debtor agrees that sales so made may be at prices and on terms less favorable than if the Pledged Securities were sold to the public, and that Agent has no obligation to delay the sale of any Pledged Securities for the period of time necessary to register the Pledged Securities for sale to the public under the Securities Laws. Debtors shall cooperate with Agent in its attempt to satisfy any requirements under the Securities Laws (including, without limitation, registration thereunder if requested by Agent) applicable to the sale of the Pledged Securities by Agent.

Appears in 2 contracts

Samples: Security Agreement (Pressure Biosciences Inc), Security Agreement (Ocz Technology Group Inc)

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Securities Law Provision. Debtors recognize Pledgor recognizes that the Agent may be limited in its ability to effect a sale to the public of all or part of the Pledged Securities Collateral by reason of certain prohibitions in the Securities Act of 1933, as amended, or other federal or state securities laws (collectively, the "Securities Laws"), and may be compelled to resort to one or more sales to a restricted group of purchasers who may be required to agree to acquire the Pledged Securities Collateral for their own account, for investment and not with a view to the distribution or resale thereof. Debtors agree Pledgor agrees that sales so made may be at prices and on terms less favorable than if the Pledged Securities Collateral were sold to the public, and that the Agent has no obligation to delay the sale of any Pledged Securities Collateral for the period of time necessary to register the Pledged Securities Collateral for sale to the public under the Securities Laws. Debtors Pledgor shall (and require the Borrower to) cooperate with the Agent in its attempt attempts to satisfy any requirements under the Securities Laws (including, including without limitation, limitation registration thereunder if requested by Agent) applicable to the sale of the Pledged Securities Collateral by Agentthe Agent at the Borrower's cost and expense.

Appears in 1 contract

Samples: Credit Agreement (Susquehanna Media Co)

Securities Law Provision. Debtors recognize The Company recognizes that Agent may be limited in its ability to effect a sale to the public of all or part of the Pledged Securities by reason of certain prohibitions in the Securities Act of 1933, as amended, or other federal or state securities laws (collectively, the "Securities Laws"), and may be compelled to resort to one or more sales to a restricted group of purchasers who may be required to agree to acquire the Pledged Securities for their own account, for investment and not with a view to the distribution or resale thereof. Debtors agree The Company agrees that sales so made may be at prices and on terms less favorable than if the Pledged Securities were sold to the public, and that Agent has no obligation to delay the sale of any Pledged Securities for the period of time necessary to register the Pledged Securities for sale to the public under the Securities Laws. Debtors The Company shall cooperate with Agent in its attempt to satisfy any requirements under the Securities Laws (including, without limitation, registration thereunder if requested by Agent) applicable to the sale of the Pledged Securities by Agent.

Appears in 1 contract

Samples: Security Agreement (Intraop Medical Corp)

Securities Law Provision. Debtors recognize Each Pledgor recognizes that the Agent may be limited in its ability to effect a sale to the public of all or part of the Pledged Securities Collateral by reason of certain prohibitions in the Securities Act of 1933, as amended, or other federal or state securities laws (collectively, the "Securities Laws"), and may be compelled to resort to one or more sales to a restricted group of purchasers who may be required to agree to acquire the Pledged Securities Collateral for their own account, for investment and not with a view to the distribution or resale thereof. Debtors agree Each Pledgor agrees that sales so made may be at prices and on terms less favorable than if the Pledged Securities Collateral were sold to the public, and that the Agent has no obligation to delay the sale of any Pledged Securities Collateral for the period of time necessary to register the Pledged Securities Collateral for sale to the public under the Securities Laws. Debtors Each Pledgor and each Subsidiary thereof shall cooperate with the Agent in its attempt attempts to satisfy any requirements under the Securities Laws (including, including without limitation, limitation registration thereunder if requested by Agent) applicable to the sale of the Pledged Securities Collateral by the Agent.

Appears in 1 contract

Samples: Credit Agreement (Susquehanna Media Co)

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