Common use of Suspension of Purchases Clause in Contracts

Suspension of Purchases. The Company acknowledges and agrees that MSSB may suspend purchases under this Purchase Plan in the event that: 1. MSSB determines that it is prohibited from purchasing Ordinary Shares by a legal, contractual or regulatory restriction applicable to it or its affiliates or to the Company and its affiliates and/or its affiliated purchasers as defined under Rule 10b-18 (other than any such restriction relating to the Company’s possession or alleged possession of material nonpublic information about the Company or the Ordinary Shares). 2. MSSB determines, in its sole discretion, that a market disruption has occurred, beyond the control of MSSB that would materially interfere with MSSB’s ability to carry out the terms of this Purchase Plan. 3. Trading in the Ordinary Shares is halted or suspended. 4. If any purchases cannot be executed as required by this Purchase Plan due to any of the events specified in Paragraphs (1), (2) or (3), MSSB shall effect such purchases as promptly as practicable after the cessation or termination of such disruption, applicable restriction or other event.

Appears in 1 contract

Samples: Stock Purchase Plan (Lone Oak Acquisition Corp)

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Suspension of Purchases. The Company Purchaser acknowledges and agrees that MSSB may suspend purchases under this Purchase Plan in the event that: 1. MSSB determines that it is prohibited from purchasing Ordinary Shares Units by a legal, contractual or regulatory restriction applicable to it or its affiliates or to the Company and its affiliates and/or its affiliated purchasers as defined under Rule 10b-18 Purchaser (other than any such restriction relating to the CompanyPurchaser’s possession or alleged possession of material nonpublic information about the Company or the Ordinary SharesUnits). 2. MSSB determines, in its sole discretion, discretion that a market disruption has occurred, beyond the control of MSSB that would materially interfere with MSSB’s ability to carry out the terms of this Purchase Plan. 3. Trading in the Ordinary Shares Stock is halted or suspended. 4. If any purchases cannot be executed as required by this Purchase Plan due to any of the events specified in Paragraphs (1), (2) or (3), MSSB shall effect such purchases as promptly as practicable after the cessation or termination of such disruption, applicable restriction or other event.

Appears in 1 contract

Samples: Unit Purchase Plan (Steel Partners, Ltd.)

Suspension of Purchases. The Company Purchaser acknowledges and agrees that MSSB may suspend purchases under this Purchase Plan in the event that: 1. MSSB determines that it is prohibited from purchasing Ordinary Shares Stock by a legal, contractual or regulatory restriction applicable to it or its affiliates or to the Company and its affiliates and/or its affiliated purchasers as defined under Rule 10b-18 Purchaser (other than any such restriction relating to the CompanyPurchaser’s possession or alleged possession of material nonpublic information about the Company Purchaser or the Ordinary SharesStock). 2. MSSB determines, in its sole discretion, discretion that a market disruption has occurred, beyond the control of MSSB that would materially interfere with MSSB’s ability to carry out the terms of this Purchase Plan. 3. Trading in the Ordinary Shares Stock is halted or suspended. 4. If any purchases cannot be executed as required by this Purchase Plan due to any of the events specified in Paragraphs (1), (2) or (3), MSSB shall effect such purchases as promptly as practicable after the cessation or termination of such disruption, applicable restriction or other event.

Appears in 1 contract

Samples: Stock Purchase Plan (Vorini Holdings Inc.)

Suspension of Purchases. The Company acknowledges and agrees that MSSB may suspend purchases under this Purchase Plan in the event that: 1. MSSB determines that it is prohibited from purchasing Ordinary Shares Subunits by a legal, contractual or regulatory restriction applicable to it or its affiliates or to the Company and its affiliates and/or its affiliated purchasers as defined under Rule 10b-18 (other than any such restriction relating to the Company’s possession or alleged possession of material nonpublic information about the Company or the Ordinary SharesSubunits). 2. MSSB determines, in its sole discretion, that a market disruption has occurred, beyond the control of MSSB that would materially interfere with MSSB’s ability to carry out the terms of this Purchase Plan. 3. Trading in the Ordinary Shares Subunits is halted or suspended. 4. If any purchases cannot be executed as required by this Purchase Plan due to any of the events specified in Paragraphs (1), (2) or (3), MSSB shall effect such purchases as promptly as practicable after the cessation or termination of such disruption, applicable restriction or other event.

Appears in 1 contract

Samples: Stock Purchase Plan (China VantagePoint Acquisition Co)

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Suspension of Purchases. The Company Purchaser acknowledges and agrees that MSSB may suspend purchases under this Purchase Plan in the event that: 1. MSSB determines that it is prohibited from purchasing Ordinary Shares Stock by a legal, contractual or regulatory restriction applicable to it or its affiliates or to the Company Purchaser and its affiliates and/or its affiliated purchasers as defined under Rule 10b-18 (other than any such restriction relating to the CompanyPurchaser’s possession or alleged possession of material nonpublic information about the Company or the Ordinary SharesStock). 2. MSSB determines, in its sole discretion, discretion that a market disruption has occurred, beyond the control of MSSB that would materially interfere with MSSB’s ability to carry out the terms of this Purchase Plan. 3. Trading in the Ordinary Shares Stock is halted or suspended. 4. If any purchases cannot be executed as required by this Purchase Plan due to any of the events specified in Paragraphs (1), (2) or (3), MSSB shall effect such purchases as promptly as practicable after the cessation or termination of such disruption, applicable restriction or other event.

Appears in 1 contract

Samples: Stock Purchase Plan (Alesco Financial Inc)

Suspension of Purchases. The Company Purchaser acknowledges and agrees that MSSB may suspend purchases under this Purchase Plan in the event that: 1. MSSB determines determines, or is informed in writing by the Company or Purchaser, that it is prohibited from purchasing Ordinary Shares Stock under this Purchase Plan by a legal, contractual or regulatory restriction applicable to it or its affiliates or to the Company and its affiliates and/or its affiliated purchasers as defined under Rule 10b-18 Purchaser (other than any such restriction relating to the CompanyPurchaser’s possession or alleged possession of material nonpublic information about the Company Purchaser or the Ordinary SharesStock). 2. MSSB determines, in its sole discretion, discretion that a market disruption has occurred, beyond the control of MSSB that would materially interfere with MSSB’s ability to carry out the terms of this Purchase Plan. 3. Trading in the Ordinary Shares Stock is halted or suspended. 4. If any purchases cannot be executed as required by this Purchase Plan due to any of the events specified in Paragraphs (1), (2) or (3), MSSB shall effect such purchases as promptly as practicable after the cessation or termination of such disruption, applicable restriction or other event.

Appears in 1 contract

Samples: Stock Purchase Plan (CDH Inservice LTD)

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