Trading Restriction. After the exercise of the Company's Repurchase Requirement and after the expiration of the sixty day period provided for the Repurchase Right of the Shareholders and the Company, if any Shares remain in the estate of the Shareholder, the Representative may transfer or sell their shares in their discretion subject to the following trading limitation: The Representative may sell every three months an amount of securities not to exceed the greater of: (i) one percent of the shares outstanding as shown by the most recent report or statement published by the Company; or (ii) the average weekly reported volume of trading in such securities on all national exchanges and/or reported through the automated quotation system of a registered securities associate during the four calendar weeks preceding the date of the sale.
Trading Restriction. Each Noteholder hereby acknowledges that it is aware that the reports referenced in Section 8.1(a) may contain material non-public information and that the United States securities laws prohibit any person who has received material, non-public information related to the Company from purchasing or selling securities of or related to the Company.
Trading Restriction. Party A acknowledges that the Shares have not been, and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), by reason of a specific exemption from the registration provisions of the Securities Act that depends upon, among other things, the bona fide nature of the investment intent and the accuracy of Party A’s representations expressed in this Agreement. Party A understands that the Shares are “restricted securities” under applicable U.S. federal and state securities laws and that, pursuant to these laws, such Party A must hold the Shares indefinitely unless they are registered with the Securities and Exchange Commission and qualified by state authorities, or an exemption from such registration and qualification requirements is available. Each certificate representing the Shares will be stamped or otherwise imprinted with a legend in substantially the following form (in addition to any legends required by agreement or by applicable state securities laws): THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”). SUCH SECURITIES MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH A REGISTRATION UNLESS THE COMPANY RECEIVES AN OPINION OF COUNSEL REASONABLY ACCEPTABLE TO IT STATING THAT SUCH SALE OR TRANSFER IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF THE ACT.
Trading Restriction. Each of the undersigned, together with any of its affiliates, agree that it shall not sell shares of Common Stock during any trading day in an amount exceeding in the aggregate 10% (ten percent) of the composite aggregate share trading volume of the Common Stock, measured at the time of each sale of Common Stock during such trading day as reported on Bloomberg L.P.
Trading Restriction. During the 60 Day Effectiveness Period, provided that the Company has met its obligations under the Transaction Documents including but not limited to there being no Event of Defaults, the Investor shall not engage in any trading of the Company’s Common Stock at a price below the then Conversion Price (as provided for in the Note).
Trading Restriction. (a) In addition to the restriction on resale imposed by the requirements of the Securities Act and applicable state securities or blue sky laws, the Holder also covenants hereby that it shall not resell any shares of Common Stock unless:
Trading Restriction. I understand that Voyager may, in Voyager’s discretion and at any time, prohibit or restrict the trading Cryptocurrencies in my Voyager Account.
Trading Restriction. Neither Buyers nor their affiliates shall buy or sell shares of Common Stock during the 30-day period immediately preceding an interest payment date on the Debentures
Trading Restriction. You are prohibited to trade in the Company’s securities during the Term of your appointment, unless it has been expressly authorised by the Chairman and CEO. You must confirm all approved trades in securities once settled with the CEO in a timely fashion.
Trading Restriction. Provided no Event of Default has occurred, during the 2 weeks immediately after the first reverse split or combination of shares of Common Stock is effectuated after the Effective Date, on any Trading Day that the volume weighted average price for such day is down more than $0.0005 from the prior Trading Day and is below the opening bid immediately following the combination, Investor will not sell more than 10% of the total daily dollar trading volume on that day, or 10% of the total daily dollar trading volume on the prior Trading Day, whichever is higher.
