Stop Trade. An SEC stop trade order or Principal Exchange trading suspension of the Common Stock shall be in effect for 5 consecutive days or 5 days during a period of 10 consecutive days, excluding in all cases a suspension of all trading on a Principal Exchange (as defined below), provided that the Borrower shall not have been able to cure such trading suspension within 30 days of the notice thereof or list the Common Stock on another Principal Market within 60 days of such notice. The "PRINCIPAL EXCHANGE" for the Common Stock shall include the National Quotation Bureau's Pink Sheets (so long as the Common Stock is permitted to be listed thereon in accordance with the terms of Section 6.2 of the Purchase Agreement), NASD OTC Bulletin Board, NASDAQ SmallCap Market, NASDAQ National Market System, American Stock Exchange, or New York Stock Exchange (whichever of the foregoing is at the time the principal trading exchange or market for the Common Stock), or any securities exchange or other securities market on which the Common Stock is then being listed or traded.
Appears in 3 contracts
Sources: Convertible Term Note (Tidel Technologies Inc), Convertible Term Note (Tidel Technologies Inc), Convertible Term Note (Tidel Technologies Inc)