Common use of Company May Refuse To Transfer Clause in Contracts

Company May Refuse To Transfer. Notwithstanding the foregoing, if, in the opinion of counsel for the Company, the Subscriber has acted in a manner inconsistent with the representations and warranties in this Subscription Agreement, the Company may refuse to transfer the Subscriber’s Units until such time as counsel for the Company is of the opinion that such transfer will not require registration of the Units under the Act or qualification of the Units under applicable blue sky law or any other securities law. The Subscriber understands and agrees that the Company may refuse to acknowledge or permit any disposition of the Units that is not in all respects in compliance with this Subscription Agreement and that the Company intends to make an appropriate notation in its records to that effect.

Company May Refuse To Transfer. Notwithstanding the foregoing, if, in the opinion of counsel for the Company, the Subscriber has acted in a manner inconsistent with the representations and warranties in this Subscription Agreement, the . The Company may refuse to transfer the Subscriber’s Units 's Shares until such time as counsel for the Company is of the opinion that such transfer will not require registration of the Units Shares under the Act or qualification of Shares under the Units under applicable blue sky law Law or any other securities law. The Subscriber understands and agrees that the Company may refuse to acknowledge or permit any disposition of the Units Shares that is not in all respects in compliance with this Subscription Agreement and that the Company intends to make an appropriate notation in its records to that effect.