Examples of Restricted Person in a sentence
No Change in Ownership of Design-Builder, or any Person owning, directly or indirectly, beneficially or otherwise, any of the shares or units or any other ownership interest in Design-Builder or any such Person, shall be permitted to occur, except in respect of a transaction referred to in Section 21.3(b), where the Person acquiring the ownership interest is a Restricted Person.
Notwithstanding the foregoing, it is expressly understood and agreed that nothing contained in this Section 4.11 shall (without implication that the contrary would otherwise be true) prohibit any Restricted Person during the Restricted Period from selling “long” (as defined under Rule 200 promulgated under Regulation SHO) any Common Stock.
In addition to, and without limiting, the agreements under Section 4.10, each Purchaser, severally and not jointly with the other Purchasers, covenants that from and after the date hereof through and including the Trading Day next following the six (6) month anniversary of the date hereof (the “Restricted Period”), none of the Restricted Persons will, directly or indirectly, engage in any Short Sale, either for its own principal account or for the principal account of any other Restricted Person.
The Seller warrants that neither the Seller nor any person that controls or owns the Seller is a Restricted Person and that to the best of its knowledge, no part of the Products is manufactured or sourced by the Seller (either in itself or in combination with other Products) with the involvement of a Restricted Person, or in/from any territory, person, or entity subject to Sanctions.
Notwithstanding any other provision of this Agreement, at no time shall Design-Builder be or become a Restricted Person.