Restriction on Short Sales. The Purchaser represents and warrants to and covenants with the Company that the Purchaser has not engaged and will not engage in any short sales of the Company's Common Stock prior to the effectiveness of the Registration Statement, except to the extent that any such short sale is fully covered by shares of Common Stock of the Company owned by such Purchaser other than the Shares. No Current Ownership. Immediately following the Closing the Purchasers shall not beneficially own (within the meaning o Rule 13d-3 promulgated under the Exchange Act), other than the Shares acquired pursuant to and in accordance with the terms of this Agreement.
Appears in 2 contracts
Sources: Purchase Agreement (Oxford Bioscience Partners Iii Lp), Purchase Agreement (Oxford Bioscience Partners Iii Lp)