Suspension of Sales Clause Example from Business Contracts

This example Suspension of Sales clause appears in 8 contracts from 8 companies

Suspension of Sales. (a) The Company or the Sales Agent may, upon notice to the other party in writing (including by email correspondence to each of the individuals of the other party set forth on Schedule 2, if receipt of such correspondence is actually acknowledged by any of the individuals to whom the notice is sent, other than via auto-reply) or by telephone (confirmed immediately by verifiable facsimile transmission or email correspondence to each of the individuals of the other party set forth on Schedule 2), ...suspend any sale of Placement Shares for a period of time (a "Suspension Period"); provided, however, that such suspension shall not affect or impair either party's obligations with respect to any Placement Shares sold hereunder prior to the receipt of such notice. Each of the parties agrees that no such notice under this Section 4 shall be effective against the other unless it is made to one of the individuals named on Schedule 2 hereto, as such schedule may be amended from time to time. During a Suspension Period, the Company shall not issue any Placement Notices and the Sales Agent shall not sell any Placement Shares hereunder. The party that issued a suspension notice shall notify the other party in writing of the Trading Day on which the Suspension Period shall expire not later than twenty-four (24) hours prior to such Trading Day. 4 (b) Notwithstanding any other provision of this Agreement, during any period in which the Company is in possession of material non-public information, the Company and the Sales Agent agree that (i) no sale of Placement Shares will take place, (ii) the Company shall not request the sale of any Placement Shares, and (iii) the Sales Agent shall not be obligated to sell or offer to sell any Placement Shares. View More Arrow
Found in Nxt-ID, Inc. contract
Nxt-ID, Inc. Contracts

Sales Agreement, dated January 8, 2019, between the Nxt-ID, Inc. and A.G.P./Alliance Global Partners (Filed With SEC on January 9, 2019)

Sorrento Therapeutics, Inc. Contracts

Sales Agreement, dated as of April 27, 2020, by and between Sorrento Therapeutics, Inc. and A.G.P/Alliance Global Partners (Filed With SEC on April 27, 2020)

COUNTERPATH CORP Contracts

Sales Agreement, dated as of August 28, 2020, by and between CounterPath Corporation and A.G.P./Alliance Global Partners (Filed With SEC on August 28, 2020)

Ocean Power Technologies, Inc. Contracts

Sales Agreement, dated November 20, 2020, by and between Ocean Power Technologies, Inc. and A.G.P./Alliance Global Partners (Filed With SEC on November 20, 2020)

ORAGENICS INC Contracts

Sales Agent Agreement dated February 1, 2021 (Filed With SEC on February 1, 2021)

Processa Pharmaceuticals, Inc. Contracts

Equity Distribution Agreement, dated August 20, 2021, by and among Processa Pharmaceuticals, Inc. and Oppenheimer & Co. Inc (Filed With SEC on August 20, 2021)

STRATA Skin Sciences, Inc. Contracts

Form of Equity Distribution Agreement, dated October 15, 2021, between STRATA Skin Sciences, Inc. and Ladenburg Thalmann & Co. Inc (Filed With SEC on October 18, 2021)

Frequency Therapeutics, Inc. Contracts

Equity Distribution Agreement, dated as of December 10, 2021, between Frequency Therapeutics, Inc. and Oppenheimer & Co. Inc (Filed With SEC on December 10, 2021)