Common use of Securities Law Restriction Clause in Contracts

Securities Law Restriction. The Purchaser hereby acknowledges that it has received and may remain in possession of material non-public information about the Company acquired in connection with its due diligence. The Purchaser further acknowledges that it and its representatives are aware that the U.S. securities laws prohibit any person who has material non-public information about an issuer from purchasing or selling, directly or indirectly, securities of such issuer (including entering into hedge transactions involving such securities), or from communicating such information to any other person under circumstances in which it is reasonably foreseeable that such person is likely to purchase or sell such securities. The Purchaser hereby agrees that it will not use or knowingly permit any controlled Affiliate to use any of the material non-public information about the Company in contravention of the U.S. securities laws, and the Purchaser will not purchase or sell the Company’s securities or any securities convertible into or exchangeable for any of the Company’s securities at any time that the Purchaser is in possession of material non-public information about the Company.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Ellington Financial Inc.), Securities Purchase Agreement (Great Ajax Corp.)

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Securities Law Restriction. The Each Purchaser hereby acknowledges that it has received and may and, subject to Section 2.1(qq), will remain in possession of material non-public information about the Company acquired in connection with its due diligenceuntil the Cleansing Date. The Each Purchaser further acknowledges that it and its representatives are aware that the U.S. securities laws prohibit any person who has material non-public information about an issuer from purchasing or selling, directly or indirectly, securities of such issuer (including entering into hedge transactions involving such securities), or from communicating such information to any other person under circumstances in which it is reasonably foreseeable that such person is likely to purchase or sell such securities. The Each Purchaser hereby agrees that it will not use or knowingly permit any controlled Purchaser/Affiliate (as defined below) to use any of the material non-public information about the Company in contravention of the U.S. securities laws, and the each Purchaser will not purchase or sell the Company’s securities or any securities convertible into or exchangeable for any of the Company’s securities at any time that prior to the Purchaser is in possession of material non-public information about the CompanyCleansing Date.

Appears in 1 contract

Samples: Securities Purchase Agreement (Great Ajax Corp.)

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Securities Law Restriction. The Purchaser hereby acknowledges that it has received and may will remain in possession of material material, non-public information about the Company acquired in connection with its due diligenceCompany. The Purchaser further acknowledges that it and its representatives are aware that the U.S. securities laws prohibit any person Person who has material material, non-public information about an issuer from purchasing or selling, directly or indirectly, securities of such issuer (including entering into hedge transactions involving such securities), or from communicating such information to any other person Person under circumstances in which it is reasonably foreseeable that such person Person is likely to purchase or sell such securities. The Purchaser hereby agrees that it will not use or knowingly permit any controlled Purchaser/Affiliate (as defined below) to use any of the material non-public information about the Company in contravention of the U.S. securities laws, and the Purchaser will not purchase or sell the Company’s securities or any securities convertible into or exchangeable for any of the Company’s securities at any prior to the time that the Purchaser such information is in possession of no longer material non-or made public information about by the Company.

Appears in 1 contract

Samples: Securities Purchase Agreement (Watermark Lodging Trust, Inc.)

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