Common use of Certificates; Legends Clause in Contracts

Certificates; Legends. (a) The Securities may only be transferred in compliance with state and federal securities laws. In connection with any transfer of the Securities other than (i) pursuant to an effective registration statement, (ii) to the Company, or (iii) to an Affiliate of the Investor, the Company may require the transferor thereof to provide to the Company an opinion of counsel selected by the transferor and reasonably acceptable to the Company, the form and substance of which opinion shall be reasonably satisfactory to the Company, to the effect that such transfer does not require registration of such transferred Securities under the Securities Act.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Thermoenergy Corp), Securities Purchase Agreement (Thermoenergy Corp)

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Certificates; Legends. (a) The Securities Shares may only be transferred in compliance with state and federal securities laws. In connection with any transfer of the Securities Shares other than (i) pursuant to an effective registration statement, (ii) to the Company, or (iii) to an Affiliate of the Investorin connection with a pledge as contemplated in Section 5.1(b), the Company may require the transferor thereof to provide to the Company an opinion of counsel selected by the transferor and reasonably acceptable to the Company(which may include such Investor's in-house counsel), the form and substance of which opinion shall be reasonably satisfactory to the Company, to the effect that such transfer does not require registration of such transferred Securities Shares under the Securities Act.

Appears in 1 contract

Samples: Securities Purchase Agreement (Uqm Technologies Inc)

Certificates; Legends. (a) The Securities may only be transferred in compliance with state and federal securities laws. In connection with any transfer of the Securities other than (i) pursuant to an effective registration statement, (ii) to the Company, or (iii) to an Affiliate of the respective Investor, the Company may require the transferor thereof to provide to the Company an opinion of counsel selected by the transferor and reasonably acceptable to the Company, the form and substance of which opinion shall be reasonably satisfactory to the Company, to the effect that such transfer does not require registration of such transferred Securities under the Securities Act.

Appears in 1 contract

Samples: Securities Purchase Agreement (Thermoenergy Corp)

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Certificates; Legends. (a) The Securities Shares may only be transferred in compliance with state and federal securities laws. In connection with any transfer of the Securities Shares other than (i) pursuant to an effective registration statement, (ii) to the Company, or (iii) to an Affiliate of the Investorin connection with a pledge as contemplated in Section 5.1(b), the Company may require the transferor thereof to provide to the Company an opinion of counsel selected by the transferor and reasonably acceptable to the Company(which may include such Investor’s in-house counsel), the form and substance of which opinion shall be reasonably satisfactory to the Company, to the effect that such transfer does not require registration of such transferred Securities Shares under the Securities Act.

Appears in 1 contract

Samples: Securities Purchase Agreement (Uqm Technologies Inc)

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