Regulatory and Tax Matters. No Transfer of Equity Securities by any Shareholder shall be permitted unless such Transfer: (i) has been approved, if necessary, by all applicable Regulatory Agencies; (ii) would not cause the Company to become subject to registration as an investment company under the Investment Company Act; and (iii) would not have any other material adverse legal, Tax or regulatory effect on the Company. The 60 day period for the Transfer or shares subject to the ROFR Transfer Notice shall be extended as necessary to obtain any approvals required by clause (i) and such purchase and sale shall be consummated within five (5) Business days after receipt of such approvals.
Appears in 4 contracts
Samples: Preferred Stock Purchase Agreement (TypTap Insurance Group, Inc.), Shareholder Agreement (TypTap Insurance Group, Inc.), Shareholder Agreement (HCI Group, Inc.)
