Example ContractsClausesno prior short sellingVariants
No Prior Short Selling
No Prior Short Selling contract clause examples

No later than fifteen (15) Business Days prior to the Option Closing Date, Seller shall provide the Partnership or its Affiliates with a final list of any Inventory that Seller requires Buyer to purchase on the Option Closing Date, including the Inventory Price (with reasonable documentation supporting Seller’s calculation thereof). Seller shall provide the Partnership or its Affiliates with the reasonable opportunity to physically inspect that Inventory no later than five (5) Business Days prior to the Option Closing Date. For the avoidance of doubt, Seller is not prohibited from selling any inventory purchased from the Partnership or its Affiliates not sold to the Partnership or its Affiliates pursuant to this Section 10.7 to customers in the Territory prior to and following the Option Closing Date.

Within thirty (30) days following the Exercise Date, Seller shall provide the Partnership or its Affiliates with information regarding the Inventory it anticipates that it will require Buyer to Purchase on the Option Closing Date, including Seller’s current levels of such Inventory, the anticipated Inventory Price, and Seller’s strategy in retaining any inventory purchased from the Partnership or its Affiliates following the Option Closing Date.

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