Common use of Opinion Delivery Clause in Contracts

Opinion Delivery. In connection with the transfer of any of the Restricted Securities (other than a transfer described in Section 6.1(a) or (b) above) and subject to Section 6.3 below, the Investor shall deliver written notice to HI describing in reasonable detail the transfer or proposed transfer, together with an opinion of legal counsel which (to HI's reasonable satisfaction) is knowledgeable in securities law matters to the effect that such transfer of the Restricted Securities may be effected without registration of such Restricted Securities under the Securities Act. In addition, if the holder of the Restricted Securities delivers to HI an opinion of such counsel that no subsequent transfer of such Restricted Securities shall require registration under the Securities Act, HI shall promptly deliver to the Investor new certificates for such Restricted Securities which do not bear the Securities Act legend set forth in Section 6.5. If HI is not required to deliver new certificates for such Restricted Securities not bearing such legend, the Investor, or if applicable a subsequent transferee thereof, shall not transfer the same until the prospective transferee has confirmed to HI in writing its agreement to be bound by the conditions contained in this Article 6.

Opinion Delivery. In connection with the transfer of any of the Restricted Securities (other than a transfer described in Section 6.1(a5.1(a) or (b) above) and subject to Section 6.3 below), the Investor MFI shall deliver written notice to HI HBI describing in reasonable detail the transfer or proposed transfer, together with an opinion of legal counsel which (to HIHBI's reasonable satisfaction) is knowledgeable in securities law matters to the effect that such transfer of the Restricted Securities may be effected without registration of such Restricted Securities under the Securities Act. In addition, if the holder of the Restricted Securities delivers to HI HBI an opinion of such counsel that no subsequent transfer of such Restricted Securities shall require registration under the Securities Act, HI HBI shall promptly upon such contemplated transfer deliver to the Investor new certificates for such Restricted Securities which do not bear the Securities Act legend set forth in Section 6.55.5. If HI HBI is not required to deliver new certificates for such Restricted Securities not bearing such legend, the InvestorMFI, or if applicable a subsequent transferee thereof, shall not transfer the same until the prospective transferee has confirmed to HI HBI in writing its agreement to be bound by the conditions contained in this Article 65.

Opinion Delivery. In connection with the transfer of any of the --------------- Restricted Securities (other than a transfer described in Section 6.1(aparagraph 4A(i) or (bii) above) and subject to Section 6.3 below), the Investor holder thereof shall deliver written notice to HI the Company describing in reasonable detail the transfer or proposed transfer, together with an opinion of legal counsel which (to HIthe Company's reasonable satisfaction) is knowledgeable in securities law matters to the effect that such transfer of the Restricted Securities may be effected without registration of such Restricted Securities under the Securities Act. In addition, if the holder of the Restricted Securities delivers to HI the Company an opinion of such counsel that no subsequent transfer of such Restricted Securities shall require registration under the Securities Act, HI the Company shall promptly upon such contemplated transfer deliver to the Investor new certificates for such Restricted Securities which do not bear the Securities Act legend set forth in Section 6.5. paragraph 7C. If HI the Company is not required to deliver new certificates for such Restricted Securities not bearing such legend, the Investor, or if applicable a subsequent transferee thereof, holder thereof shall not transfer the same until the prospective transferee has confirmed to HI the Company in writing its agreement to be bound by the conditions contained in this Article 6.paragraph and paragraph 7C.