Common use of Compliance with Rule 145 and the Act Clause in Contracts

Compliance with Rule 145 and the Act. (a) Stockholder has been advised that (i) the issuance of shares of Parent Common Stock in connection with the Merger is expected to be effected pursuant to a Registration Statement filed by Parent on Form S-4, and the resale of such shares will be subject to the restrictions set forth in Rule 145 under the Act unless such shares are otherwise transferred pursuant to an effective registration statement under the Act or an appropriate exemption from registration, and (ii) Stockholder may be deemed to be an affiliate of the Company. Stockholder accordingly agrees not to sell, pledge, transfer or otherwise dispose of any shares of Parent Common Stock issued to Stockholder in the Merger unless (i) such sale, pledge, transfer or other disposition is made in conformity with the requirements of Rule 145 under the Act, (ii) such sale, pledge, transfer or other disposition is made pursuant to an effective registration statement under the Act, or (iii) Stockholder delivers to Parent a written opinion of counsel, in form and substance reasonably acceptable to Parent, to the effect that such sale, pledge, transfer or other disposition is otherwise exempt from registration under the Act.

Appears in 1 contract

Samples: Stockholder Agreement (Alza Corp)

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Compliance with Rule 145 and the Act. (a) Stockholder Affiliate has been advised that (i) the issuance of shares of Parent Common Stock in connection with the Frontier Merger is expected to be effected pursuant to a Registration Statement filed by Parent on Form S-4, and the resale of such shares will be subject to the restrictions set forth in Rule 145 under the Act unless such shares are otherwise transferred pursuant to an effective registration statement under the Act or an appropriate exemption from registration, and (ii) Stockholder Affiliate may be deemed to be an affiliate of the CompanyFrontier. Stockholder Affiliate accordingly agrees not to sell, pledge, transfer or otherwise dispose of any shares of Parent Common Stock issued to Stockholder Affiliate in the Merger Merger, unless (i) such sale, pledge, transfer or other disposition is made in conformity with the requirements of Rule 145 under the Act, (ii) such sale, pledge, transfer or other disposition is made pursuant to an effective registration statement under the Act, or (iii) Stockholder Affiliate delivers to Parent a written opinion of counsel, in form and substance reasonably acceptable to Parent, Parent to the effect that such sale, pledge, transfer or other disposition is otherwise exempt from registration under the Act.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Frontier Oil Corp /New/)

Compliance with Rule 145 and the Act. (a) Stockholder Shareholder has been advised that (i) the issuance of shares of Parent Common Stock in connection with the Merger is expected to be effected pursuant to a Registration Statement filed by Parent on Form S-4, and the resale of such shares will be subject to the restrictions set forth in Rule 145 under the Act unless such shares are otherwise transferred pursuant to an effective registration statement under the Act or an appropriate exemption from registration, and (ii) Stockholder Shareholder may be deemed to be an affiliate of the Company. Stockholder Shareholder accordingly agrees not to sell, pledge, transfer or otherwise dispose of any shares of Parent Common Stock issued to Stockholder Shareholder in the Merger unless (i) such sale, pledge, transfer or other disposition is made in conformity with the requirements of Rule 145 under the Act, (ii) such sale, pledge, transfer or other disposition is made pursuant to an effective registration statement under the Act, or (iii) Stockholder Shareholder delivers to Parent a written opinion of counsel, in form and substance reasonably acceptable to Parent, to the effect that such sale, pledge, transfer or other disposition is otherwise exempt from registration under the Act.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Union Carbide Corp /New/)

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Compliance with Rule 145 and the Act. (a) Stockholder Affiliate has been advised that (i) the issuance of shares of Parent Common Stock in connection with the Holly Merger is expected to be effected pursuant to a Registration Statement filed by Parent on Form S-4, and the resale of such shares will be subject to the restrictions set forth in Rule 145 under the Act unless such shares are otherwise transferred pursuant to an effective registration statement under the Act or an appropriate exemption from registration, and (ii) Stockholder Affiliate may be deemed to be an affiliate of the CompanyHolly. Stockholder Affiliate accordingly agrees not to sell, pledge, transfer or otherwise dispose of any shares of Parent Common Stock issued to Stockholder Affiliate in the Merger Merger, unless (i) such sale, pledge, transfer or other disposition is made in conformity with the requirements of Rule 145 under the Act, (ii) such sale, pledge, transfer or other disposition is made pursuant to an effective registration statement under the Act, or (iii) Stockholder Affiliate delivers to Parent a written opinion of counsel, in form and substance reasonably acceptable to Parent, Parent to the effect that such sale, pledge, transfer or other disposition is otherwise exempt from registration under the Act.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Frontier Oil Corp /New/)

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