Common use of Selling Restriction Clause in Contracts

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.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Omi Corp/M I), Common Stock Purchase Agreement (Tivo Inc)

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Selling Restriction. The Purchaser has the right to sell shares of the Company's Common Stock during the Investment Period. HoweverThe Purchaser covenants, the Purchaser covenants however, that prior to and during the term of the Investment Period, neither the Purchaser nor any of its affiliates of the Purchaser nor any entity managed by the Purchaser will ever sell shares of the Company's Common Stock of the Company other than shares that what the Purchaser (has accumulated under the terms of this Agreement or in any accounts directly or indirectly managed by the respective Purchaser or any affiliate or managed entity) owns at the time of the sale, Purchaser or any shares that entity managed by the Purchaser is obligated to purchase under a pending Draw Down NoticePurchaser.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Biomarin Pharmaceutical Inc), Common Stock Purchase Agreement (Biomarin Pharmaceutical Inc)

Selling Restriction. The Purchaser has the right to sell shares of the Company's Common Stock during the Investment Period. However, the The Purchaser covenants that prior to and during the term of the Investment Period, neither the Purchaser nor any of its affiliates of the Purchaser nor any entity managed by the Purchaser will ever sell shares of the Company's Common Stock of the Company other than shares that what the Purchaser (or the respective affiliate or managed entity) owns at the time of the sale, or any shares that the Purchaser is obligated has accumulated to purchase under a pending Draw Down Noticethe 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.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Cytogen Corp)

Selling Restriction. The Purchaser has the right to sell shares of the Company's Common Stock during the Investment Period. HoweverThe Purchaser covenants, the Purchaser covenants however, that prior to and during the term of the Investment Period, neither the Purchaser nor any of its affiliates of the Purchaser nor any entity managed by the Purchaser will ever sell shares of the Company's Common Stock of the Company other than shares that what the Purchaser (or the respective affiliate or managed entity) owns at the time of the sale, or any shares that the Purchaser is obligated has accumulated to purchase under a pending Draw Down Noticethe 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.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Ribozyme Pharmaceuticals Inc)

Selling Restriction. The Purchaser has the right to sell shares of the Company’s Common Stock during the Investment Periodterm of this Agreement. However, the The Purchaser covenants that prior to and during the term of the Investment Periodthis Agreement, neither the Purchaser nor any of its affiliates of the Purchaser nor any entity managed by the Purchaser will ever sell shares of the Company's Common Stock of the Company other than shares that what the Purchaser (or the respective affiliate or managed entity) owns at the time of the sale, or any shares that the Purchaser is obligated has accumulated to purchase under a pending Draw Down Noticethe terms of this Agreement or 15 in accounts directly or indirectly managed by the Purchaser or any affiliate of the Purchaser or any entity managed by the Purchaser.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Illinois Superconductor Corporation)

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 of its affiliates of the Purchaser nor any entity managed by the Purchaser will ever sell shares of the Company's Common Stock of the Company other than shares that what the Purchaser (or the respective affiliate or managed entity) owns at the time of the sale, or any shares that the Purchaser is obligated has accumulated to purchase under a pending Draw Down Noticethe 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.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Aradigm Corp)

Selling Restriction. The Purchaser has the right to sell shares of the Company's Common Stock equal in number to the number of Shares to be purchased pursuant to this Agreement during the Investment Period. However, the The Purchaser covenants that prior to and during the term of the Investment Period, neither the Purchaser nor any of its affiliates of the Purchaser nor any entity managed by the Purchaser will sell ever be in a net short position with respect to the shares of the Company's Common Stock other than shares that of the Company in any accounts directly or indirectly managed by the Purchaser (or the respective any affiliate or managed entity) owns at the time of the sale, Purchaser or any shares that entity managed by the Purchaser is obligated to purchase under a pending Draw Down NoticePurchaser.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Matritech Inc/De/)

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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.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Tivo Inc)

Selling Restriction. The Purchaser has the right to sell shares of the Common Stock during the Investment Period. HoweverThe Purchaser covenants, the Purchaser covenants however, that prior to and during the term of the Investment Period, neither the Purchaser nor any of its affiliates of the Purchaser nor any entity managed by affiliates of the Purchaser will ever sell shares of the Company's Common Stock of the Company other than shares that what the Purchaser (has accumulated under the terms of this Agreement or in any accounts directly or indirectly managed by the respective Purchaser or any affiliate or managed entity) owns at the time of the sale, Purchaser or any shares that entity managed by affiliates of the Purchaser is obligated to purchase under a pending Draw Down NoticePurchaser.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Igen International Inc /De)

Selling Restriction. The Purchaser has the right to sell shares of the Company's Common Stock equal in number to the number of the Shares to be purchased pursuant to this Agreement during the Investment Period. HoweverThe Purchaser covenants, the Purchaser covenants however, that prior to and during the term of the Investment Period, neither the Purchaser nor any of its affiliates of the Purchaser nor any entity managed by the Purchaser will ever sell shares of the Company's Common Stock of the Company other than shares that what the Purchaser (or the respective affiliate or managed entity) owns at the time of the sale, or any shares that the Purchaser is obligated has accumulated to purchase under a pending Draw Down Noticethe 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.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Epix Medical Inc)

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