Common use of Delivery of Opinion of Counsel Clause in Contracts

Delivery of Opinion of Counsel. The Company hereby agrees that it hereby binds itself, if requested in writing to the aforementioned address of the Company, by the Purchaser or their designate or assignee, that it shall deliver, within five (5) days of such demand, an opinion of counsel regarding the transferability or status of the Shares; provided, however, that if the Company’s counsel requires additional information or representations from or with respect to the Purchaser and/or its designate or assignee, then such opinion shall not be required until five (5) days following the delivery of such additional information or representations.

Appears in 3 contracts

Samples: Restricted Equity Purchase Agreement (Indigo-Energy, Inc.), Restricted Equity Purchase Agreement (Innuity, Inc. /Ut/), Restricted Equity Purchase Agreement (Airbee Wireless, Inc.)

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Delivery of Opinion of Counsel. The Company hereby agrees that it hereby binds itself, if requested in writing to the aforementioned address of the Company, by the Purchaser or their designate or assignee, that it shall deliver, within five (5) days of such demand, an opinion of counsel regarding the transferability or status of the Shares; provided, however, that if the Company’s 's counsel requires additional information or representations from or with respect to the Purchaser and/or its designate or assignee, then such opinion shall not be required until five (5) days following the delivery of such additional information or representations.

Appears in 1 contract

Samples: Restricted Equity Purchase Agreement (Empire Minerals Corp)

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