Common use of Removal of Restrictions on Transfer of Securities Clause in Contracts

Removal of Restrictions on Transfer of Securities. Any legend referred to in Section 10.2 hereof stamped on a certificate evidencing the Securities, and the stock transfer instructions and record notations with respect to the Securities shall be removed, and the Company shall issue a certificate without such legend to the Restricted Holder of the Securities, if the offer and sale of such Securities is registered under the Act, or if such Restricted Holder provides the Company with an opinion of counsel reasonably satisfactory to the Company to the effect that a public sale or transfer of such security may be made without registration under the Act and such Restricted Holder provides the Company with reasonable assurances and customary supporting documentation, including, without limitation, representation letters from the Holder or the Holder’s broker or agent, that such security can be sold without registration under the Act.

Removal of Restrictions on Transfer of Securities. Any legend referred to in Section 10.2 11(b) hereof stamped on a certificate evidencing the Securities, Securities and the stock transfer instructions and record notations with respect to the Securities shall be removed, removed and the Company shall issue a certificate without such legend to the Restricted Holder of the Securities, Securities if the offer and sale of such Securities is are registered under the Securities Act, or if such Restricted Holder provides the Company with an opinion of counsel (which may be counsel for the Company) reasonably satisfactory to the Company to the effect that a public sale or transfer of such security may be made without registration under the Securities Act and or such Restricted Holder provides the Company with reasonable assurances and customary supporting documentationassurances, includingwhich may, without limitationat the option of the Company, representation letters from include an opinion of counsel (which may be counsel for the Holder or Company) reasonably satisfactory to the Holder’s broker or agentCompany, that such security can be sold without registration pursuant to paragraph (k) of Rule 144 (or any successor provision) under the Securities Act.

Removal of Restrictions on Transfer of Securities. Any legend referred to in Section 10.2 9.2 hereof stamped on a certificate evidencing the Securities, and the stock transfer instructions and record notations with respect to the Securities shall be removed, and the Company shall issue a certificate without such legend to the Restricted Holder of the Securities, if the offer and sale of such Securities is registered under the Securities Act, or if such Restricted Holder provides the Company with an opinion of counsel reasonably satisfactory to the Company to the effect that a public sale or transfer of such security may be made without registration under the Securities Act and such Restricted Holder provides the Company with reasonable assurances and customary supporting documentation, including, without limitation, representation letters from the Holder or the Holder’s broker or agent, that such security can be sold without registration under the Securities Act.