Common use of Restrictions Under Securities Laws Clause in Contracts

Restrictions Under Securities Laws. It is aware (and its respective employees, advisors, representatives and affiliates who are or who it currently anticipates will be apprised of matters relating to this Agreement, or the transactions contemplated hereby or thereby have been advised), that the United States securities laws prohibit any person or entity who has material non-public information about a company from purchasing or selling securities of such company. It agrees that it shall not directly or indirectly, alone or with others, in any manner acquire or attempt to acquire or dispose of or attempt to dispose of any securities of the Company in violation of applicable securities laws, and that it shall make best efforts to instruct its respective employees, advisors, representatives and affiliates who are apprised of matters relating to this Agreement, or the transactions contemplated hereby or thereby to comply with such prohibitions.

Appears in 2 contracts

Sources: Series a Preferred Stock and Warrant Purchase Agreement (Visalia Trust), Series a Preferred Stock and Warrant Purchase Agreement (Telantis Venture Partners v Inc)