Rule 144 Sales definition
Examples of Rule 144 Sales in a sentence
In such agreement the Representative will agree to execute such Rule 144 Sales on a competitive basis.
Such agreements between the Representative and the Covered Persons will also provide that any sales of shares of Common Stock of the Company by such persons during the three year period after the effective date of the Registration Statement under Rule 144 promulgated by the SEC under the Act ("Rule 144 Sales"), will be executed only through the Representative acting as a broker or dealer.
The rights and obligations arising from this Agreement shall be transferred in connection with the transfer by a Stockholder to any Person of any shares of Common Stock in compliance with this Agreement, other than in a registered public offering or in Rule 144 Sales, and any such Person shall conclusively be deemed to have agreed to be bound by this Agreement.
Except as otherwise permitted under Section 2.2 of this Agreement, and except for Rule 144 Sales and sales of shares in public offerings pursuant to this Agreement, a Stockholder may sell or otherwise transfer shares of Common Stock only in compliance with the provisions of this Section 2.3.
Refusal For Third Party Offers 4.2 Right of First Refusal for Sales in Registered Offerings 4.3 Right of First Refusal for Rule 144 Sales During 1994 4.4 Right of First Refusal for Rule 144 Sales During 1995 and Thereafter 4.5 Prohibition Against Encumbrances 4.6 CEA II, Ltd.
Accordingly, if during the period commencing the date of the first Closing and ending 24 months from the date of final Closing, the Company fails to maintain a current filing status with the SEC to allow Rule 144 Sales, a holder of a Unit shall be entitled to liquidated damages of 1% per calendar month capped at the dollar amount such holder invested; provided, however, that an affiliate of the Company shall not be entitled to such liquidated damages.
In the event that it becomes apparent that the opinions of counsel necessary to effectuate ▇▇▇▇▇▇▇▇▇'▇ Rule 144 Sales will cost more than $750, then E-Docs counsel shall contact ▇▇▇▇▇▇▇▇▇'▇ counsel, before incurring such expense, to determine how to proceed.
Except as otherwise permitted under Section 3.2 of this Agreement, and except for Rule 144 Sales and sales of shares in public offerings, a Stockholder may sell or otherwise transfer Common Shares and Preferred Shares only in compliance with the provisions of this Section 3.3.
It is expressly agreed and acknowledged that the Company’s obligation pursuant to this Section 5.11 shall extend until all of the Registrable Securities are registered in accordance with Section 5.2 or sold by the Purchasers in Rule 144 Sales or another exemption to registration under the Securities Act after which time the obligations of this Section 5.11 shall terminate automatically.
From the Closing Date until the first anniversary of the Closing Date, so long as the Seller owns any of the GEE Shares acquired hereby, the Buyer shall file on a timely basis, any and all Public Reports or amendments thereto, as it is required to file in order to remain fully current with all of its reporting obligations under the Securities Exchange Act so as to enable sales without resale limitations, pursuant to Rule 144, as amended ("Rule 144 Sales").