Common use of Restrictions on Transfer of Warrant Shares Clause in Contracts

Restrictions on Transfer of Warrant Shares. The Investor agrees not to Transfer the Warrant Shares, other than to a Permitted Transferee pursuant to the terms set forth herein, until the later of (i) completion of filing and effectiveness of the Registration Statement and (ii) August 23, 2007. Notwithstanding the foregoing, the Investor agrees that no Transfer shall be effected by the Company unless such Transfer exceeds one hundred fifty (150,000) thousand Warrant Shares.

Appears in 1 contract

Sources: Common Stock and Warrant Purchase Agreement (Sedona Corp)

Restrictions on Transfer of Warrant Shares. The Investor agrees not to Transfer the Warrant Shares, other than to a Permitted Transferee pursuant to the terms set forth herein, until the later of (i) completion of filing and effectiveness of the Registration Statement and (ii) August 23, 200720___. Notwithstanding the foregoing, the Investor agrees that no Transfer shall be effected by the Company unless such Transfer exceeds one hundred fifty (150,000100,000) thousand Warrant Shares.

Appears in 1 contract

Sources: Common Stock and Warrant Purchase Agreement (Sedona Corp)