Common use of Certain Legal Restrictions Clause in Contracts

Certain Legal Restrictions. The Company will not be obligated to sell or issue any Shares upon conversion of the Restricted Stock Units or otherwise unless the issuance and delivery of such Shares complies, in the judgment of the Company, with all relevant provisions of applicable law and other legal requirements including, without limitation, any applicable securities laws and the requirements of any market or stock exchange upon which the shares of the Company (including the Shares) may then be listed. As a condition to the conversion of the Restricted Stock Units, the Company may require the Recipient to make such representations and warranties as may be necessary to assure the availability of an exemption from the registration requirements of any applicable securities laws. The Company shall have no obligation to the Recipient, express or implied, to list, register or otherwise qualify any Shares issued to the Recipient pursuant to the conversion of the Restricted Stock Units. Shares issued upon the conversion of the Restricted Stock Units may not be transferred except in accordance with applicable securities laws. At the Company’s election, any certificate evidencing the Shares issued to the Recipient will bear appropriate legends restricting transfer under applicable law.

Appears in 9 contracts

Samples: Restricted Stock Unit Award Agreement (Efunds Corp), Restricted Stock Unit Award Agreement (Efunds Corp), Restricted Stock Unit Award Agreement (Efunds Corp)

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Certain Legal Restrictions. The Company will not be obligated to sell or issue any Shares upon conversion of the Restricted Stock Units Right or otherwise unless the issuance and delivery of such Shares complies, in the judgment of the Company, with all relevant provisions of applicable law and other legal requirements including, without limitation, any applicable securities laws and the requirements of any market or stock exchange upon which the shares of the Company (including the Shares) may then be listed. As a condition to the conversion of the Restricted Stock UnitsRight, the Company may require the Recipient to make such representations and warranties as may be necessary to assure the availability of an exemption from the registration requirements of any applicable securities laws. The Company shall have no obligation to the Recipient, express or implied, to list, register or otherwise qualify any Shares issued to the Recipient pursuant to the conversion of the Restricted Stock UnitsRight. Shares issued upon the conversion of the Restricted Stock Units Right may not be transferred except in accordance with applicable securities laws. At the Company’s election, any certificate evidencing the Shares issued to the Recipient will bear appropriate legends restricting transfer under applicable law.

Appears in 3 contracts

Samples: Restricted Stock Right Award Agreement (Efunds Corp), Restricted Stock Right Employee Award Agreement (Efunds Corp), Restricted Stock Right Award Agreement (Efunds Corp)

Certain Legal Restrictions. The Company will not be obligated to sell or issue any Shares upon conversion of all or any portion of the Restricted Stock Units Right or otherwise unless the issuance and delivery of such Shares complies, in the judgment of the Company, with all relevant provisions of applicable law and other legal requirements including, without limitation, any applicable securities laws and the requirements of any market or stock exchange upon which the shares of the Company (including the Shares) may then be listed. As a condition to the conversion of the Restricted Stock UnitsRight, the Company may require the Recipient to make such representations and warranties as may be necessary to assure the availability of an exemption from the registration requirements of any applicable securities laws. The Company shall have no obligation to the Recipient, express or implied, to list, register or otherwise qualify any Shares issued to the Recipient pursuant to the conversion of the Restricted Stock UnitsRight. Shares issued upon the conversion of the Restricted Stock Units Right may not be transferred except in accordance with applicable securities laws. At the Company’s 's election, any certificate evidencing the Shares issued to the Recipient will bear appropriate legends restricting transfer under applicable law.

Appears in 2 contracts

Samples: Restricted Stock Right Award Agreement (Efunds Corp), Restricted Stock Right Award Agreement (Efunds Corp)

Certain Legal Restrictions. The Company will not be obligated to sell or issue any Shares upon conversion of the Restricted Stock Units Right or otherwise unless the issuance and delivery of such Shares complies, in the judgment of the Company, with all relevant provisions of applicable law and other legal requirements including, without limitation, any applicable securities laws and the requirements of any market or stock exchange upon which the shares of the Company (including the Shares) may then be listed. As a condition to the conversion of the Restricted Stock UnitsRight, the Company may require the Recipient to make such representations and warranties as may be necessary to assure the availability of an exemption from the registration requirements of any applicable securities laws. The Company shall have no obligation to the Recipient, express or implied, to list, register or otherwise qualify any Shares issued to the Recipient pursuant to the conversion of the Restricted Stock UnitsRight. Shares issued upon the conversion of the Restricted Stock Units Right may not be transferred except in accordance with applicable securities laws. At the Company’s 's election, any certificate evidencing the Shares issued to the Recipient will bear appropriate legends restricting transfer under applicable law.

Appears in 2 contracts

Samples: Restricted Stock Right Award Agreement (Efunds Corp), Restricted Stock Right Award Agreement (Efunds Corp)

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Certain Legal Restrictions. The Company will not be obligated to sell or issue any Shares upon the conversion of the Restricted Stock Units or otherwise unless the issuance and delivery of such Shares complies, in the judgment of the Company, with all relevant provisions of applicable law and other legal requirements including, without limitation, any applicable securities laws and the requirements of any market or stock exchange upon which the shares of the Company (including the Shares) may then be listed. As a condition to the conversion of the Restricted Stock Units, the Company may require the Recipient to make such representations and warranties as may be necessary to assure the availability of an exemption from the registration requirements of any applicable securities laws. The Company shall have no obligation to the Recipient, express or implied, to list, register or otherwise qualify any Shares issued to the Recipient pursuant to the conversion of the Restricted Stock Units. Shares issued upon the conversion of the Restricted Stock Units may not be transferred except in accordance with applicable securities laws. At the Company’s election, any the certificate evidencing the Shares issued to the Recipient will bear appropriate legends restricting transfer under applicable law.

Appears in 1 contract

Samples: Retention Restricted Stock (Efunds Corp)

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