Common use of Covenants and Acknowledgments Clause in Contracts

Covenants and Acknowledgments. of NFE, the Issuer and the Guarantor. a. No Resales by the Issuer. During the period from the First Closing Date to one year after the Second Closing Date, the Issuer will not, and will use reasonable best efforts not to permit any person that is an affiliate (as defined in Rule 144 under the Securities Act) of the Issuer at such time (or has been an affiliate within 90 days preceding such time), resell any of the New Notes that have been acquired by any of them, except for New Notes purchased by the Issuer or any of its affiliates and resold in a transaction registered under the Securities Act.

Appears in 1 contract

Sources: Exchange and Subscription Agreement (New Fortress Energy Inc.)

Covenants and Acknowledgments. of NFE, the Issuer and the Guarantor. a. No Resales by the Issuer. During the period from the First Closing Date to one year after the Second Closing Date, the Issuer will not, and will use reasonable best efforts not to permit any person that is an affiliate (as defined in Rule 144 under the Securities Act) of the Issuer at such time (or has been an affiliate within 90 days preceding such time), resell any of the New Notes that have been acquired by any of them, except for New Notes purchased by the Issuer or any of its affiliates and resold in a transaction registered under the Securities Act.

Appears in 1 contract

Sources: Transaction Support Agreement (New Fortress Energy Inc.)