Common use of No Transfer Restrictions Clause in Contracts

No Transfer Restrictions. Certificates evidencing the Shares shall not contain any legend restricting their transferability by Seaside. The Company shall cause its counsel to issue a legal opinion to the Company’s transfer agent if required by the Company’s transfer agent to effect a transfer of any of the Shares; such opinion shall be provided by the Company’s counsel at no expense to Seaside.

Appears in 12 contracts

Samples: Common Stock Purchase Agreement (Cytori Therapeutics, Inc.), Common Stock Purchase Agreement (Searchlight Minerals Corp.), Common Stock Purchase Agreement (Mannkind Corp)

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No Transfer Restrictions. Certificates evidencing the Shares shall not contain any legend restricting their transferability by Seaside. The Company shall cause its counsel to issue a legal opinion to the Company’s 's transfer agent if required by the Company’s 's transfer agent to effect a transfer of any of the Shares; such opinion shall be provided by the Company’s 's counsel at no expense to Seaside.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Alanco Technologies Inc), Common Stock Purchase Agreement (Alanco Technologies Inc)

No Transfer Restrictions. Certificates evidencing the Shares shall not contain any legend restricting their transferability by Seaside unless there is an effective Registration Statement registering their resale by Seaside. The Company shall cause its counsel to issue a legal opinion to the Company’s transfer agent if required by the Company’s transfer agent to effect a transfer of any of the Shares; such opinion shall be provided by the Company’s counsel at no expense to Seaside.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Beacon Power Corp)

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No Transfer Restrictions. Certificates evidencing the Shares shall not contain any legend restricting their transferability by Seaside. The Company shall cause its counsel to issue a legal opinion to the Company’s transfer agent if required by the Company’s transfer agent to effect a transfer of any of the SharesSecurities; such opinion shall be provided by the Company’s counsel at no expense to Seaside.

Appears in 1 contract

Samples: Securities Purchase Agreement (Neuralstem, Inc.)

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