Common use of Stop Trade Clause in Contracts

Stop Trade. An SEC stop trade order or the Principal Market trading suspension of the Common Stock shall be in effect for five (5) consecutive days or five (5 )days during a period of ten (10) consecutive days, excluding in all cases a suspension of all trading on the Principal Market; provided, that this shall only be an Event of Default to the extent that the Borrower shall not have been able to cure such trading suspension within thirty (30) days of the notice thereof or list the Common Stock on another trading market identified herein as a Principal Market within sixty (60) days of such notice. The "Principal Market" for the Common Stock shall include the NASD OTC Bulletin Board, NASDAQ SmallCap Market, NASDAQ National Market System, American Stock Exchange, or New York Stock Exchange, or any securities exchange or other securities market on which the Common Stock is then being listed or traded (whichever of the foregoing is at the time the principal trading exchange or market for the Common Stock).

Appears in 3 contracts

Samples: Dyntek Inc, Dyntek Inc, Dyntek Inc

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Stop Trade. An SEC stop trade order or the Principal Market trading suspension suspension, so long as a change of quotation among markets is not considered a "trading suspension", of the Common Stock shall be in effect for five six (56) consecutive days or five six (5 )6) days during a period of ten (10) consecutive days, excluding in all cases a suspension of all trading on the a Principal Market; provided, provided that this shall only be an Event of Default to the extent that the Borrower Clinical Data shall not have been able to cure such trading suspension within thirty (30) days of the notice thereof or list the Common Stock on another trading market identified herein as a Principal Market within sixty (60) days of such notice. The "Principal Market" for the Common Stock shall include the NASD OTC Bulletin Board, NASDAQ SmallCap Nasdaq Capital Market, NASDAQ Nasdaq National Market System, American Stock Exchange, or New York Stock Exchange, or any securities exchange or other securities market on which the Common Stock is then being listed or traded Exchange (whichever of the foregoing is at the time the principal trading exchange or market for the Common Stock).

Appears in 1 contract

Samples: Clinical Data Inc

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Stop Trade. An After the Registration Statement (as defined in the Registration Rights Agreement) has been declared effective by the SEC, an SEC stop trade order or the Principal Market trading suspension of the Common Stock shall be in effect for five (5) consecutive days or five (5 )5) days during a period of ten (10) consecutive days, excluding in all cases a suspension of all trading on the a Principal Market; provided, that this shall only be an Event of Default to the extent provided that the Borrower shall not have been able to cure such trading suspension within thirty (30) days of the notice thereof or list the Common Stock on another trading market identified herein as a Principal Market within sixty (60) days of such notice. The "β€œPrincipal Market" ” for the Common Stock shall include the NASD OTC Bulletin Board, NASDAQ SmallCap Market, NASDAQ National Market System, American Stock Exchange, or New York Stock ExchangeExchange (whichever of the foregoing is at the time the principal trading exchange or market for the Common Stock, or any securities exchange or other securities market on which the Common Stock is then being listed or traded (whichever of the foregoing is at the time the principal trading exchange or market for the Common Stock)traded.

Appears in 1 contract

Samples: Secured Term Note (Rentech Inc /Co/)

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