Common use of Trading Limitation Clause in Contracts

Trading Limitation. Except as otherwise permitted herein, the Registered Holder Group shall not, individually or in the aggregate, dispose of more than fifty thousand (50,000) share of Common Stock during any one trading day. In addition, so long as the Registered Holder Group continues to hold at least twenty percent (20%) of the shares of Common Stock issued upon exercise of this Warrant, the Registered Holder Group shall provide the Company with reasonable advance notice of any such sale of the shares of Common Stock. The Registered Holder Group shall not be obligated to complete any sale of shares of Common Stock even if it has provided the Company with advance written notice of such sale, but the Registered Holder Group shall notify Company of its withdrawal of any shares of Common Stock from the market with respect to which the Registered Holder Group has provided prior notice of sale. Company shall notify the Registered Holder Group of the pendency of a sale under any underwritten public offering by Company of Common Stock or any other Company equity security, in which event the Registered Holder Group shall not effect any sales of any shares of Common Stock within five (5) days prior to the commencement of or during such underwritten public offering. The Registered Holder Group shall have the right to sell any amount of shares of Common Stock in a private transaction, provided that (i) any such sale shall not be reported or reportable on any exchange or other public market where shares of Common Stock are or may in future be traded, and (ii) the purchaser in such private transaction agrees in writing that, for a period of six (6) months from and after the date of such purchase and sale of shares of Common Stock, such purchaser shall not sell any such shares of Common Stock. In addition, the Registered Holder Group shall be permitted to pledge any number of shares of Common Stock to an arm's-length lender to secure payment of a bona fide loan or other indebtedness, subject to the terms hereof.

Trading Limitation. Except as otherwise permitted herein, the Registered Holder Group shall not, individually or in the aggregate, dispose of more than fifty twenty-five thousand (50,00025,000) share of Common Stock the Great Basin Shares during any one trading day. In addition, so long as the Registered Holder Group continues to hold at least twenty percent (20%) of the shares Great Basin Shares held by it upon consummation of Common Stock issued upon exercise of the transactions contemplated by this WarrantAgreement, the Registered Holder Group shall provide the Company with reasonable advance notice of any such sale of the shares of Common StockGreat Basin Shares. The Registered Holder Group shall not be obligated to complete any sale of Great Basin shares of Common Stock even if it has provided the Company with advance written notice of such sale, but the Registered Holder Group shall notify Company of its withdrawal of any shares of Common Stock Great Basin Shares from the market with respect to which the Registered Holder Group has provided prior notice of sale. Company shall notify the Registered Holder Group of the pendency of a sale under any underwritten public offering by Company of Common Stock company's common stock or any other Company equity security, in which event the Registered Holder Group shall not effect any sales of any shares of Common Stock Great Basin Shares within five Five (5) days prior to the commencement of or during such underwritten public offering. The Registered Holder Group shall have the right to sell any amount of shares of Common Stock Great Basin Shares in a private transaction, provided that (i) any such sale shall not be reported or reportable on any exchange or other public market where shares of Common Stock Company are or may in future be traded, and (ii) the purchaser Buyer in such private transaction agrees in writing that, for a period of six (6) months from and after the date of such purchase and sale of shares of Common StockGreat Basin Shares, such purchaser Buyer shall not sell any such shares of Common StockGreat Basin Shares. In addition, the Registered Holder Group shall be permitted to pledge any number of shares of Common Stock Great Basin Shares to an arm's-arm's length lender to secure payment of a bona fide loan or other indebtedness, subject to the terms hereof.

Trading Limitation. Except as otherwise permitted herein, the Registered Holder Group shall not, individually or in the aggregate, dispose of more than fifty thousand (50,000) share of Common Stock during any one trading day. In addition, so long as the Registered Holder Group continues to hold at least twenty percent (20%) of the shares of Common Stock issued upon exercise of this Warrant, the Registered Holder Group shall provide the Company with reasonable advance notice of any such sale of the shares of Common Stock. The Registered Holder Group shall not be obligated to complete any sale of shares of Common Stock even if it has provided the Company with advance written notice of such sale, but the Registered Holder Group shall notify Company of its withdrawal of any shares of Common Stock from the market with respect to which the Registered Holder Group has provided prior notice of sale. Company shall notify the Registered Holder Group of the pendency of a sale under any underwritten public offering by Company of Common Stock or any other Company equity security, in which event the Registered Holder Group shall not effect any sales of any shares of Common Stock within five (5) days prior to the commencement of or during such underwritten public offering. The Registered Holder Group shall have the right to sell any amount of shares of Common Stock in a private transaction, provided that (i) any such sale shall not be reported or reportable on any exchange or other public market where shares of Common Stock are or may in future be traded, and (ii) the purchaser in such private transaction agrees in writing that, for a period of six (6) months from and after the date of such purchase and sale of shares of Common Stock, such purchaser shall not sell any such shares of Common Stock. In addition, the Registered Holder Group shall be permitted to pledge any number of shares of Common Stock to an arm's-arm's - length lender to secure payment of a bona fide loan or other indebtedness, subject to the terms hereof.

Trading Limitation. Except as otherwise permitted herein, the Registered Holder Group shall not, individually or in the aggregate, dispose of more than fifty twenty - five thousand (50,00025,000) share of Common Stock the Great Basin Shares during any one trading day. In addition, so long as the Registered Holder Group continues to hold at least twenty percent (20%) of the shares Great Basin Shares held by it upon consummation of Common Stock issued upon exercise of the transactions contemplated by this WarrantAgreement, the Registered Holder Group shall provide the Company with reasonable advance notice of any such sale of the shares of Common StockGreat Basin Shares. The Registered Holder Group shall not be obligated to complete any sale of Great Basin shares of Common Stock even if it has provided the Company with advance written notice of such sale, but the Registered Holder Group shall notify Company of its withdrawal of any shares of Common Stock Great Basin Shares from the market with respect to which the Registered Holder Group has provided prior notice of sale. Company shall notify the Registered Holder Group of the pendency of a sale under any underwritten public offering by Company of Common Stock company's common stock or any other Company equity security, in which event the Registered Holder Group shall not effect any sales of any shares of Common Stock Great Basin Shares within five Five (5) days prior to the commencement of or during such underwritten public offering. The Registered Holder Group shall have the right to sell any amount of shares of Common Stock Great Basin Shares in a private transaction, provided that (i) any such sale shall not be reported or reportable on any exchange or other public market where shares of Common Stock Company are or may in future be traded, and (ii) the purchaser Buyer in such private transaction agrees in writing that, for a period of six (6) months from and after the date of such purchase and sale of shares of Common StockGreat Basin Shares, such purchaser Buyer shall not sell any such shares of Common StockGreat Basin Shares. In addition, the Registered Holder Group shall be permitted to pledge any number of shares of Common Stock Great Basin Shares to an arm's-arm's length lender to secure payment of a bona fide loan or other indebtedness, subject to the terms hereof.