Common use of Short Selling Acknowledgement and Agreement Clause in Contracts

Short Selling Acknowledgement and Agreement. Each Purchaser understands and acknowledges, severally and not jointly with any other Purchaser, that the Commission currently takes the position that coverage of Short Sales of securities “against the box” prior to the effective date of a registration statement is a violation of Section 5 of the Securities Act. Each Purchaser agrees, severally and not jointly, that it will not engage in any Short Sales that result in the disposition of the Common Stock acquired hereunder by the Purchaser until the earlier of (i) the termination of the Agreement and (ii) such time as the Registration Statement (as defined in the Registration Rights Agreement) is declared or deemed effective by the Commission.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement, Common Stock Purchase Agreement (Par Petroleum Corp/Co)

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Short Selling Acknowledgement and Agreement. Each Purchaser understands and acknowledges, severally and not jointly with any other Purchaser, that the Commission currently takes the position that coverage of Short Sales of securities “against the box” prior to the effective date of a registration statement is a violation of Section 5 of the Securities Act. Each Purchaser agrees, severally and not jointly, that it will not engage in any Short Sales that result in the disposition of the Class A Common Stock acquired hereunder pursuant to a conversion of the Equity Linked Notes by the Purchaser until the earlier of (i) the termination of the Agreement and (ii) such time as the Shelf Registration Statement (as defined in the Registration Rights Agreement) is declared or deemed effective by the Commission.

Appears in 1 contract

Samples: Intercreditor Agreement (U.S. Well Services, Inc.)

Short Selling Acknowledgement and Agreement. Each Purchaser understands and acknowledges, severally and not jointly with any other Purchaser, that the Commission currently takes the position that coverage of Short Sales short sales of securities “against the box” prior to the effective date of a registration statement is a violation of Section 5 of the Securities Act. Each Purchaser agrees, severally and not jointly, that it will not and it will cause its Subsidiaries not to engage in any Short Sales that result in the disposition of the Common Stock acquired hereunder by the Purchaser until the earlier of (i) the termination of the Agreement and (ii) such time as the Registration Statement (as defined in the Registration Rights Agreement) is declared or deemed effective by the Commissioneffective.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Endeavour International Corp)

Short Selling Acknowledgement and Agreement. Each Purchaser understands and acknowledges, severally and not jointly with any other Purchaser, that the Commission currently takes the position that coverage of Short Sales of securities “against the box” prior to the effective date of a registration statement is a violation of Section 5 of the Securities Act. Each Purchaser agrees, severally and not jointly, that it will not engage in any Short Sales that result in the disposition of the Common Stock acquired hereunder pursuant to a conversion of the Notes by the Purchaser until the earlier of (i) the termination of the Agreement and (ii) such time as the Shelf Registration Statement (as defined in the Registration Rights Agreement) is declared or deemed effective by the Commission.

Appears in 1 contract

Samples: Note Purchase Agreement (Flotek Industries Inc/Cn/)

Short Selling Acknowledgement and Agreement. Each Purchaser understands and acknowledges, severally and not jointly with any other Purchaser, that the Commission currently takes the position that coverage of Short Sales of securities “against the box” prior to the effective date of a registration statement or prior to the time a Purchaser is eligible to sell such securities under Rule 144 is a violation of Section 5 of the Securities Act. Each Purchaser agrees, severally and not jointly, that it will not engage in any Short Sales that result in the disposition of the Common Stock Units acquired hereunder by the such Purchaser until the earlier of (i) the termination of the Agreement and (ii) such time as the Resale Registration Statement (as defined in the Registration Rights Agreement) is declared or deemed effective by the CommissionCommission or such Common Units are no longer subject to any restrictions on resale.

Appears in 1 contract

Samples: Common Unit Purchase Agreement (Regency Energy Partners LP)

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Short Selling Acknowledgement and Agreement. Each Purchaser understands and acknowledges, severally and not jointly with any other Purchaser, that the Commission currently takes the position that coverage of Short Sales of securities “against the box” prior to the effective date of a registration statement is a violation of Section 5 of the Securities Act. Each Purchaser agrees, severally and not jointly, that it will not engage in any Short Sales that result in the disposition of the Common Stock acquired hereunder pursuant to a mandatory conversion of the Notes by the Purchaser until the earlier of (i) the termination of the Agreement and (ii) such time as the Registration Statement Resale Shelf S-3 (as defined in the Registration Rights Agreement) is declared or deemed effective by the Commission.

Appears in 1 contract

Samples: Note Purchase Agreement (Par Pacific Holdings, Inc.)

Short Selling Acknowledgement and Agreement. Each Purchaser understands and acknowledges, severally and not jointly with any other Purchaser, that the Commission currently takes the position that coverage of Short Sales short sales of securities “against the box” prior to the effective date of a registration statement or prior to the time a Purchaser is eligible to sell such securities under Rule 144 is a violation of Section 5 of the Securities Act. Each Purchaser agrees, severally and not jointly, that it will not engage in any Short Sales that result in the disposition of the Common Stock Units acquired hereunder by the such Purchaser until the earlier of (i) the termination of the Agreement and (ii) such time as the Registration Statement (as defined in the Registration Rights Agreement) is declared or deemed effective by the CommissionCommission or such Common Units are no longer subject to any restrictions on resale.

Appears in 1 contract

Samples: Common Unit Purchase Agreement (Teekay Offshore Partners L.P.)

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