Common use of Terms of Purchase Clause in Contracts

Terms of Purchase. (a) The Purchaser desires that the Broker effect purchases of the Shares on its behalf in accordance with trading requirements adopted by the Purchaser and to be delivered in writing to the Broker by separate letter (the “Initial Trading Instructions”). The Initial Trading Instructions shall take effect no earlier than ten (10) days following the date hereof. (b) In furtherance of Section 1(a) hereof, the Purchaser directs the Broker to purchase, in customary brokerage transactions, the Shares, for the Purchaser’s account or accounts, in the Broker’s sole discretion as to execution and timing, subject to the condition that as of the time of any purchase of Shares, any individual employee of the Broker making the Broker’s investment decisions on behalf of the Purchaser shall not be in possession of or aware of material nonpublic information relating to the Company’s business, operations or prospects or the value of the Common Stock (“Material Nonpublic Information”). (c) Notwithstanding the foregoing, the Broker shall not purchase Shares at any time when the Broker, in its sole discretion, shall have determined that such purchase would violate applicable law, including, without limitation, Section 10(b) of the 1934 Act and the rules and regulations promulgated thereunder and Section 5 of the Securities Act of 1933, as amended (the “1933 Act”). (d) The Purchaser agrees that, during the term of this Agreement, it shall not exercise any subsequent influence over how, when or whether to effect purchases of the Shares, except that the Purchaser may amend this Agreement as set forth in Section 3 hereof. Each of the Purchaser and the Broker agrees that it will not discuss with the other the Company’s business, operations or prospects or any other information likely to be related to the value of the Shares or likely to influence a decision to purchase the Shares. Notwithstanding the preceding sentence, with the approval of counsel to the Broker, the Purchaser may communicate with Broker personnel who are not responsible for, and have no ability to influence, the execution of the trading plan set forth in this Agreement.

Appears in 3 contracts

Samples: Purchase Trading Plan Agreement (Steel Partners Ii Lp), Purchase Trading Plan Agreement (Steel Partners Ii Lp), Purchase Trading Plan Agreement (Steel Partners Ii Lp)

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Terms of Purchase. (a) The Purchaser desires that the Broker effect purchases of the Shares on its behalf in accordance with trading requirements adopted by the Purchaser and to be delivered in writing to the Broker by separate letter (the “Initial Trading Instructions”). The Initial Trading Instructions shall take effect no earlier than ten (10) days following the date hereof. (b) In furtherance of Section 1(a) hereof, the Purchaser directs the Broker to purchase, in customary brokerage transactions, the Shares, for the Purchaser’s 's account or accounts, in the Broker’s 's sole discretion as to execution and timing, subject to the condition that as of the time of any purchase of Shares, any individual employee of the Broker making the Broker’s 's investment decisions on behalf of the Purchaser shall not be in possession of or aware of material nonpublic information relating to the Company’s 's business, operations or prospects or the value of the Common Stock (“Material Nonpublic Information”). (c) Notwithstanding the foregoing, the Broker shall not purchase Shares at any time when the Broker, in its sole discretion, shall have determined that such purchase would violate applicable law, including, without limitation, Section 10(b) of the 1934 Act and the rules and regulations promulgated thereunder and Section 5 of the Securities Act of 1933, as amended (the “1933 Act”). (d) The Purchaser agrees that, during the term of this Agreement, it shall not exercise any subsequent influence over how, when or whether to effect purchases of the Shares, except that the Purchaser may amend this Agreement as set forth in Section 3 hereof. Each of the Purchaser and the Broker agrees that it will not discuss with the other the Company’s 's business, operations or prospects or any other information likely to be related to the value of the Shares or likely to influence a decision to purchase the Shares. Notwithstanding the preceding sentence, with the approval of counsel to the Broker, the Purchaser may communicate with Broker personnel who are not responsible for, and have no ability to influence, the execution of the trading plan set forth in this Agreement.

Appears in 2 contracts

Samples: Purchase Trading Plan Agreement (Steel Partners Ii Lp), Purchase Trading Plan Agreement (Steel Partners Ii Lp)

Terms of Purchase. (a) The Purchaser desires that the Broker effect purchases of the Shares on its behalf in accordance with trading requirements adopted by the Purchaser and to be delivered in writing to the Broker by separate letter (the “Initial Trading Instructions”). The Initial Trading Instructions shall take effect no earlier than ten (10) days following the date hereof. (b) In furtherance of Section 1(a) hereof, the Purchaser directs the Broker to purchase, in customary brokerage transactions, the Shares, for the Purchaser’s account or accounts, in the Broker’s sole discretion as to execution and timing, subject to the condition that as of the time of any purchase of Shares, any individual employee of the Broker making the Broker’s investment decisions on behalf of the Purchaser shall not be in possession of or aware of material nonpublic information relating to the Company’s business, operations or prospects or the value of the Common Stock (“Material Nonpublic Information”). (c) Notwithstanding the foregoing, the Broker shall not purchase Shares at any time when the Broker, in its sole discretion, shall have determined that such purchase would violate applicable law, including, without limitation, Section 10(b) of the 1934 Act and the rules and regulations promulgated thereunder and Section 5 of the Securities Act of 1933, as amended (the “1933 Act”). (d) The Purchaser agrees that, during the term of this Agreement, it shall not exercise any subsequent influence over the Broker on how, when or whether to effect purchases of the Shares, except that the Purchaser may amend this Agreement as set forth in Section 3 hereof. Each of the Purchaser and the Broker agrees that it will not discuss with the other the Company’s business, operations or prospects or any other information likely to be related to the value of the Shares or likely to influence a decision to purchase the Shares. Notwithstanding the preceding sentence, with the approval of counsel to the Broker, the Purchaser may communicate with Broker personnel who are not responsible for, and have no ability to influence, the execution of the trading plan set forth in this Agreement.

Appears in 2 contracts

Samples: Purchase Trading Plan Agreement (Steel Partners Ii Lp), Purchase Trading Plan Agreement (Steel Partners Ii Lp)

Terms of Purchase. (a) The Purchaser Company desires that the Broker effect purchases of the Shares on its behalf in accordance with trading requirements adopted by the Purchaser Company and to be delivered in writing to the Broker by separate letter (the "Initial Trading Instructions"). The Initial Trading Instructions shall take effect no earlier than ten (10) days following trading requirements adopted by the date hereofCompany are referred to herein as the "Program Period." (b) In furtherance of Section 1(a) hereof, the Purchaser Company directs the Broker to purchase, in customary brokerage transactions, the Shares, for the Purchaser’s Company's account or accounts, in the Broker’s 's sole discretion as to execution and timing, subject to the condition that as of the time of any purchase of Shares, any individual employee of the Broker making the Broker’s 's investment decisions on behalf of the Purchaser Company shall not be in possession of or aware of material nonpublic information relating to the Company’s 's business, operations or prospects or the value of the Common Stock ("Material Nonpublic Information"). (c) Notwithstanding the foregoing, the Broker shall not purchase Shares at any time when the Broker, in its sole discretion, shall have determined that such purchase would violate applicable law, including, without limitation, Section 10(b) of the 1934 Act and the rules and regulations promulgated thereunder and Section 5 of the Securities Act of 1933, as amended (the "1933 Act"). (d) The Purchaser Company agrees that, during the term of this AgreementProgram Period, it shall not exercise any subsequent influence over how, when or whether to effect purchases of the Shares, except that the Purchaser Company may amend this Agreement as set forth in Section 3 hereof. Each of the Purchaser Company and the Broker agrees that it will not discuss with the other the Company’s 's business, operations or prospects or any other information likely to be related to the value of the Shares or likely to influence a decision to purchase the Shares. Notwithstanding the preceding sentence, with the approval of counsel to the Broker, the Purchaser Company may communicate with Broker personnel who are not responsible for, and have no ability to influence, the execution of the trading plan set forth in this Agreement.

Appears in 2 contracts

Samples: Sales Trading Plan Agreement (Del Global Technologies Corp), Sales Contracts (Sl Industries Inc)

Terms of Purchase. (a) The Purchaser desires that the Broker effect purchases of the Shares on its behalf in accordance with trading requirements adopted by the Purchaser and to be delivered in writing to the Broker by separate letter (the "Initial Trading Instructions"). The Initial Trading Instructions shall take effect no earlier than ten (10) days following trading requirements adopted by the date hereofPurchaser are referred to herein as the "Program Period." (b) In furtherance of Section 1(a) hereof, the Purchaser directs the Broker to purchase, in customary brokerage transactions, the Shares, for the Purchaser’s 's account or accounts, in the Broker’s 's sole discretion as to execution and timing, subject to the condition that as of the time of any purchase of Shares, any individual employee of the Broker making the Broker’s 's investment decisions on behalf of the Purchaser shall not be in possession of or aware of material nonpublic information relating to the Company’s 's business, operations or prospects or the value of the Common Stock ("Material Nonpublic Information"). (c) Notwithstanding the foregoing, the Broker shall not purchase Shares at any time when the Broker, in its sole discretion, shall have determined that such purchase would violate applicable law, including, without limitation, Section 10(b) of the 1934 Act and the rules and regulations promulgated thereunder and Section 5 of the Securities Act of 1933, as amended (the "1933 Act"). (d) The Purchaser agrees that, during the term of this AgreementProgram Period, it shall not exercise any subsequent influence over how, when or whether to effect purchases of the Shares, except that the Purchaser may amend this Agreement as set forth in Section 3 hereof. Each of the Purchaser and the Broker agrees agree that it will not discuss with the other the Company’s 's business, operations or prospects or any other information likely to be related to the value of the Shares or likely to influence a decision to purchase the Shares. Notwithstanding the preceding sentence, with the approval of counsel to the Broker, the Purchaser may communicate with Broker personnel who are not responsible for, and have no ability to influence, the execution of the trading plan set forth in this Agreement.

Appears in 1 contract

Samples: Purchase Trading Plan Agreement (Cash Jerry D)

Terms of Purchase. (a) The Purchaser desires that the Broker effect purchases of the Shares on its behalf in accordance with trading requirements adopted by the Purchaser and to be delivered in writing to the Broker by separate letter (the "Initial Trading Instructions"). The Initial Trading Instructions shall take effect no earlier than ten (10) days following the date hereof. (b) In furtherance of Section 1(a) hereof, the Purchaser directs the Broker to purchase, in customary brokerage transactions, the Shares, for the Purchaser’s 's account or accounts, in the Broker’s 's sole discretion as to execution and timing, subject to the condition that as of the time of any purchase of Shares, any individual employee of the Broker making the Broker’s 's investment decisions on behalf of the Purchaser shall not be in possession of or aware of material nonpublic information relating to the Company’s 's business, operations or prospects or the value of the Common Stock ("Material Nonpublic Information"). (c) Notwithstanding the foregoing, the Broker shall not purchase Shares at any time when the Broker, in its sole discretion, shall have determined that such purchase would violate applicable law, including, without limitation, Section 10(b) of the 1934 Act and the rules and regulations promulgated thereunder and Section 5 of the Securities Act of 1933, as amended (the "1933 Act"). (d) The Purchaser agrees that, during the term of this Agreement, it shall not exercise any subsequent influence over how, when or whether to effect purchases of the Shares, except that the Purchaser may amend this Agreement as set forth in Section 3 hereof. Each of the Purchaser and the Broker agrees that it will not discuss with the other the Company’s 's business, operations or prospects or any other information likely to be related to the value of the Shares or likely to influence a decision to purchase the Shares. Notwithstanding the preceding sentence, with the approval of counsel to the Broker, the Purchaser may communicate with Broker personnel who are not responsible for, and have no ability to influence, the execution of the trading plan set forth in this Agreement.

Appears in 1 contract

Samples: Purchase Trading Plan Agreement (Steel Partners Ii Lp)

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Terms of Purchase. (a) The Purchaser desires that the Broker effect purchases of the Shares on its behalf in accordance with trading requirements adopted by the Purchaser and to be delivered in writing to the Broker by separate letter (the “Initial Trading Instructions”). The Initial Trading Instructions shall take effect no earlier than ten (10) days following the date hereofDecember 31, 2009. (b) In furtherance of Section 1(a) hereof, the Purchaser directs the Broker to purchase, in customary brokerage transactions, the Shares, for the Purchaser’s account or accounts, in the Broker’s sole discretion as to execution and timing, subject to the condition that as of the time of any purchase of Shares, any individual employee of the Broker making the Broker’s investment decisions on behalf of the Purchaser shall not be in possession of or aware of material nonpublic information relating to the Company’s business, operations or prospects or the value of the Common Stock (“Material Nonpublic Information”). (c) Notwithstanding the foregoing, the Broker shall not purchase Shares at any time when the Broker, in its sole discretion, shall have determined that such purchase would violate applicable law, including, without limitation, Section 10(b) of the 1934 Act and the rules and regulations promulgated thereunder and Section 5 of the Securities Act of 1933, as amended (the “1933 Act”). (d) The Purchaser agrees that, during the term of this Agreement, it shall not exercise any subsequent influence over how, when or whether to effect purchases of the Shares, except that the Purchaser may amend this Agreement as set forth in Section 3 hereof. Each of the Purchaser and the Broker agrees that it will not discuss with the other the Company’s business, operations or prospects or any other information likely to be related to the value of the Shares or likely to influence a decision to purchase the Shares. Notwithstanding the preceding sentence, with the approval of counsel to the Broker, the Purchaser may communicate with Broker personnel who are not responsible for, and have no ability to influence, the execution of the trading plan set forth in this Agreement.

Appears in 1 contract

Samples: Purchase Trading Plan Agreement (Steel Partners Ii Lp)

Terms of Purchase. (a) The Purchaser Company desires that the Broker effect purchases of the Shares Warrants on its behalf in the open market in accordance with trading requirements adopted by the Purchaser Company and to be delivered in writing to the Broker by separate letter (the “Initial Trading Instructions”). The Initial Trading Instructions shall take effect no earlier than ten (10) days following trading requirements adopted by the date hereofCompany are referred to herein as the “Program Period. (b) In furtherance of Section 1(a) hereof, the Purchaser Company directs the Broker to purchase, in customary brokerage transactions, the SharesWarrants, for the PurchaserCompany’s account or accounts, in the Broker’s sole discretion as to execution and timing, subject to the condition that as of the time of any purchase of SharesWarrants, any individual employee of the Broker making the Broker’s investment decisions on behalf of the Purchaser Company shall not be in possession of or aware of material nonpublic information relating to the Company’s business, operations or prospects or the value of the Common Stock (“Material Nonpublic Information”). (c) Notwithstanding the foregoing, the Broker shall not purchase Shares Warrants at any time when the Broker, in its sole discretion, shall have determined that such purchase would violate applicable law, including, without limitation, Section 10(b) of the 1934 Act and the rules and regulations promulgated thereunder and Section 5 of the Securities Act of 1933, as amended (the “1933 Act”). (d) The Purchaser Company agrees that, during the term of this AgreementProgram Period, it shall not exercise any subsequent influence over how, when or whether to effect purchases of the SharesWarrants, except that the Purchaser Company may amend this Agreement as set forth in Section 3 hereof. Each of the Purchaser Company and the Broker agrees that it will not discuss with the other the Company’s business, operations or prospects or any other information likely to be related to the value of the Shares Warrants or likely to influence a decision to purchase the SharesWarrants. Notwithstanding the preceding sentence, with the approval of counsel to the Broker, the Purchaser Company may communicate with Broker personnel who are not responsible for, and have no ability to influence, the execution of the trading plan set forth in this Agreement.

Appears in 1 contract

Samples: Purchase Trading Plan Agreement (Primoris Services CORP)

Terms of Purchase. (a) The Purchaser Company desires that the Broker effect purchases of the Shares Warrants on its behalf in the open market in accordance with trading requirements adopted by the Purchaser Company and to be delivered in writing to the Broker by separate letter (the “Initial Trading Instructions”). The Initial Trading Instructions shall take effect no earlier than ten (10) days following trading requirements adopted by the date hereofCompany are referred to herein as the “Program Period. (b) In furtherance of Section 1(a) hereof, the Purchaser Company directs the Broker to purchase, in customary brokerage transactions, the SharesWarrants, for the Purchaser’s Company's account or accounts, in the Broker’s 's sole discretion as to execution and timing, subject to the condition that as of the time of any purchase of SharesWarrants, any individual employee of the Broker making the Broker’s 's investment decisions on behalf of the Purchaser Company shall not be in possession of or aware of material nonpublic information relating to the Company’s 's business, operations or prospects or the value of the Common Stock (“Material Nonpublic Information”). (c) Notwithstanding the foregoing, the Broker shall not purchase Shares Warrants at any time when the Broker, in its sole discretion, shall have determined that such purchase would violate applicable law, including, without limitation, Section 10(b) of the 1934 Act and the rules and regulations promulgated thereunder and Section 5 of the Securities Act of 1933, as amended (the “1933 Act”). (d) The Purchaser Company agrees that, during the term of this AgreementProgram Period, it shall not exercise any subsequent influence over how, when or whether to effect purchases of the SharesWarrants, except that the Purchaser Company may amend this Agreement as set forth in Section 3 hereof. Each of the Purchaser Company and the Broker agrees that it will not discuss with the other the Company’s 's business, operations or prospects or any other information likely to be related to the value of the Shares Warrants or likely to influence a decision to purchase the SharesWarrants. Notwithstanding the preceding sentence, with the approval of counsel to the Broker, the Purchaser Company may communicate with Broker personnel who are not responsible for, and have no ability to influence, the execution of the trading plan set forth in this Agreement.

Appears in 1 contract

Samples: Purchase Trading Plan Agreement (Primoris Services CORP)

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