Common use of Limitation on Registration Rights Clause in Contracts

Limitation on Registration Rights. Anything to the contrary contained in this Agreement notwithstanding, when in the opinion of counsel for the Company registration of all Registrable Securities owned by a Stockholder is not required by the Securities Act and other applicable securities laws in connection with a proposed sale of such Registrable Securities, such Stockholder shall have no rights pursuant to Section 4 hereof to request Registrable Securities be included in a Registration Statement in connection with such proposed sale and the Company shall promptly provide to the transfer agent and such Stockholder's broker in connection with any sale transaction a written opinion addressed to such Stockholder and the transfer agent to the effect set forth above, reasonably sufficient in form and substance to permit the transfer agent to issue stock certificates for such Registrable Securities without any legend restricting transfer thereof.

Appears in 2 contracts

Samples: Registration Rights Agreement (Internet Commerce Corp), Registration Rights Agreement (Internet Commerce Corp)

AutoNDA by SimpleDocs

Limitation on Registration Rights. Anything to the contrary contained in this Agreement notwithstanding, when in the written opinion of counsel for the Company registration of all Registrable Securities owned by a Stockholder Securityholder is not required by the Securities Act and other applicable securities laws in connection with a proposed sale of such Registrable Securities, such Stockholder Securityholder shall have no rights pursuant to Section 4 hereof to request Registrable Securities be included in a Registration Statement in connection with such proposed sale and the Company shall promptly provide to the transfer agent and such StockholderSecurityholder's broker in connection with any sale transaction a written opinion addressed to such Stockholder Securityholder and the transfer agent to the effect set forth above, reasonably sufficient in form and substance to permit the transfer agent to issue stock certificates for such Registrable Securities without any legend restricting transfer thereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Allegheny Energy Inc)

Limitation on Registration Rights. Anything to the contrary contained in this Agreement notwithstanding, when in the opinion of counsel for the Company registration of all Registrable Securities owned by a Stockholder is not required by the Securities Act and other applicable securities laws in connection with a proposed sale of such Registrable Securities, such Stockholder shall have no rights pursuant to Section 4 3 hereof to request Registrable Securities be included in a Registration Statement in connection with such proposed sale and the Company shall promptly provide to the transfer agent and such Stockholder's broker in connection with any sale transaction a written opinion addressed to such Stockholder and the transfer agent to the effect set forth above, reasonably sufficient in form and substance to permit the transfer agent to issue stock certificates for such Registrable Securities without any legend restricting transfer thereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Internet Commerce Corp)

Limitation on Registration Rights. Anything to the contrary contained in this Agreement notwithstanding, when in the opinion of counsel for the Company (which counsel shall be reasonably satisfactory to the Designated Stockholders), registration of all Registrable Securities owned by a Stockholder is not required by the Securities Act and other applicable securities laws in connection with a proposed sale of all such Registrable Securities, in one transaction, such Stockholder shall have no rights pursuant to Section 4 hereof to request Registrable Securities be included in a Registration Statement registration statement in connection with such proposed sale and the Company shall promptly provide to the transfer agent and such Stockholder's broker in connection with any sale transaction a written opinion addressed to such Stockholder and the transfer agent to the effect set forth above, reasonably sufficient in form and substance to permit the transfer agent to issue stock certificates for such Registrable Securities without any legend restricting transfer thereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Kroll Inc)

AutoNDA by SimpleDocs

Limitation on Registration Rights. Anything to the contrary contained in this Agreement notwithstanding, when in the written opinion of counsel for the Company registration of all Registrable Securities owned by a Stockholder Securityholder is not required by the Securities Act and other applicable securities laws in connection with a proposed sale of such Registrable Securities, such Stockholder Securityholder shall have no rights pursuant to Section SECTION 4 hereof to request Registrable Securities be included in a Registration Statement in connection with such proposed sale and the Company shall promptly provide to the transfer agent and such StockholderSecurityholder's broker in connection with any sale transaction a written opinion addressed to such Stockholder Securityholder and the transfer agent to the effect set forth above, reasonably sufficient in form and substance to permit the transfer agent to issue stock certificates for such Registrable Securities without any legend restricting transfer thereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Miller Industries Inc /Tn/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!