Selling Restriction. The Purchaser has the right to sell shares of the Stock during the Investment Period. However, the Purchaser covenants that prior to and during the term of the Investment Period, neither the Purchaser nor any affiliates of the Purchaser nor any entity managed by the Purchaser will sell shares of the Company's Common Stock other than shares that the Purchaser (or the respective affiliate or managed entity) owns at the time of the sale, or any shares that the Purchaser is obligated to purchase under a pending Draw Down Notice.
Selling Restriction. (a) None of the Other Stockholders shall, voluntarily or involuntarily, directly or indirectly, Transfer any Securities, in whole or in part, or any other right or interest therein, or enter into any transaction which results in the economic equivalent of a Transfer to any Person during the three (3)-month period following the Closing Date, except pursuant to Section 2.3(b).
Selling Restriction. The Purchaser has the right to sell that number of Shares equal in number to the number of Shares to be purchased pursuant to this Agreement during the Investment Period. The Purchaser covenants, however, that prior to and during the Investment Period, neither the Purchaser nor any of its affiliates nor any entity managed by the Purchaser will ever sell any securities of the Company (including, without limitation, any grant of any option to purchase or acquire any right to dispose or otherwise dispose for value, any shares of Common Stock or any securities convertible into, or exchangeable for, or warrants to purchase any shares of Common Stock or any swap, short sale, hedge or other agreement that transfers, in whole or in part, the economic risk of ownership of the Common Stock) other than what the Purchaser has accumulated to purchase under the terms of this Agreement or in any accounts directly or indirectly managed by the Purchaser or any affiliate of the Purchaser or any entity managed by the Purchaser. In addition, on a daily Trading Day basis, the Purchaser agrees to restrict the volume of sales of Shares by the Purchaser, its affiliates and any entity managed by the Purchaser to no more than thirty percent (30%) of the total trading volume of the Common Stock, as reported on Bloomberg Financial LP using the HP function, for such Trading Day.
Selling Restriction. 18 Section 4.13 Non-Public Information................................................... 18 Section 4.14 Effective Registration Statement......................................... 18 Section 4.15 Disclosure of Draw Down Notice........................................... 18 Section 4.16 Broker-Dealer............................................................ 19
Selling Restriction. 18 Section 4.13 Non-public Information................................................................19 Section 4.14
Selling Restriction. Purchaser has the right to sell shares of the Stock during the Investment Period, subject to compliance with this Section 4.7. The Purchaser covenants that prior to and during the term of the Investment Period, neither the Purchaser nor any affiliates of the Purchaser nor any entity managed by the Purchaser or its affiliates will sell shares of the Company's Common Stock other than shares of Common Stock that the Purchaser (or the respective affiliate or managed entity) owns in a long position at the time of the sale, or if the Purchaser has sold all shares of Common Stock that Purchaser (or the respective affiliate or managed entity) owns in a long position, then Purchaser shall have the right to sell any shares that the Purchaser is deemed to own in a long position. For purposes of this Section, the Purchaser (or the respective affiliate or managed entity) shall be deemed to own in a long position only those Shares that the Purchaser is obligated to purchase under a pending Draw Down Notice, determined as of the proposed sale date for such Shares based upon the number of Shares that Purchaser would be obligated to purchase pursuant to Section 6.1 of this Agreement for each Trading Day in the applicable Draw Down Pricing Period that has occurred prior to, but exclusive of the proposed sale date. Except for the sale of Shares deemed to be owned in a long position, Purchaser shall not enter into a short position with respect to the Common Stock in any account owned by Purchaser, any affiliate of Purchaser or any entity managed by the Purchaser or its affiliate. On a daily Trading Day basis, the Purchaser agrees to restrict the volume of sales of Shares by the Purchaser, its affiliates and any entity managed by the Purchaser to no more than twenty five percent (25%) of the total trading volume of the Common Stock, as reported on Bloomberg Financial LP using HP function, for such Trading Day. The Purchaser further covenants that prior to and during the term of the Investment Period, the Purchaser, all of its affiliates and every entity managed by the Purchaser or its affiliates shall not enter into any block transactions in Common Stock (including block transactions involving options) to purchase or acquire rights to dispose of, and securities convertible into, or exchangeable for, or warrants to purchase, shares of Common Stock). The Purchaser further covenants that prior to and during the term of the Investment Period, the Purchaser, all of its affiliates a...
Selling Restriction. The Purchaser has the right to sell Shares during the Investment Period. The Purchaser covenants, however, that prior to and during the Investment Period, neither the Purchaser nor any of its affiliates nor any entity managed by the Purchaser will ever sell Ordinary Shares other than what the Purchaser has accumulated under the terms of this Agreement or in any accounts directly or indirectly managed by the Purchaser or any affiliate of the Purchaser or any entity managed by the Purchaser; provided, however, that neither the Purchaser nor any parties referred to in this Section 3.2(e) shall sell during the Investment Period any options, warrants, or other securities or instruments which are convertible into or exercisable for Ordinary Shares or which derive their value from the market price of Ordinary Shares, or any Ordinary Shares acquired upon conversion or exercise of any such options, warrants, or other securities or instruments.
Selling Restriction. During the period beginning on the date hereof and until the fifth anniversary hereof, Purchaser will not, on any trading day, sell more shares of Common Stock than the Daily Limit for that day. With respect to any day, the "Daily Limit" shall mean:
Selling Restriction. The Purchaser has the right to sell that ------------------- number of Shares equal in number to the number of Shares to be purchased pursuant to this Agreement during the Investment Period. The Purchaser covenants, however, that prior to and during the Investment Period and for a period of three (3) months after any termination of this Agreement in accordance with Article VII hereof, neither the Purchaser nor any of its affiliates nor any entity managed by the Purchaser will ever sell any securities of the Company (including, without limitation, any grant of any option to purchase or acquire any right to dispose or otherwise dispose for value, any shares of Common Stock or any securities convertible into, or exchangeable for, or warrants to purchase any shares of Common Stock or any swap, short sale, hedge or other agreement that transfers, in whole or in part, the economic risk of ownership of the Common Stock) or be in a short position with respect to shares of Common Stock of the Company in any account directly or indirectly managed by the Purchaser, or any affiliates of the Purchaser, or any entity managed by the Purchaser, except that during the Investment Period the Purchaser shall have the right to sell those Shares that the Purchaser has purchased or has accumulated for purchase during each Trading Day of a Draw Down Pricing Period pursuant to the terms and conditions described in this Agreement or any other similar agreement between the Company and the Purchaser. In addition, on a daily Trading Day basis, the Purchaser agrees to restrict the volume of sales of Shares by the Purchaser, its affiliates and any entity managed by the Purchaser to no more than thirty percent (30%) of the total trading volume of the Common Stock, as reported on Bloomberg Financial LP using the HP function, for such Trading Day.
Selling Restriction. The Purchaser has the right to sell shares of ------------------- the Common Stock during the Investment Period. The Purchaser covenants, however, that prior to and during the Investment Period neither the Purchaser nor any of its affiliates nor any entity managed by the Purchaser will ever sell shares of Common Stock of the Company (including, without limitation, any grant of any option to purchase or acquire any right to dispose or otherwise dispose for value, any shares of Common Stock or any securities convertible into, or exchangeable for, or warrants to purchase, any shares of Common Stock or any swap, short sale, hedge or other agreement that transfers, in whole or in part, the economic risk of ownership of the Common Stock) other than what the Purchaser has accumulated under the terms of this Agreement in any accounts directly or indirectly managed by the Purchaser or any affiliate of the Purchaser or any entity managed by the Purchaser.
