Common use of Removal of Restrictive Legend Clause in Contracts

Removal of Restrictive Legend. The legend set forth above shall ----------------------------- be removed by the Company from any certificate evidencing Shares or Conversion Shares upon delivery to the Company of an opinion of counsel, reasonably satisfactory to the Company, that a registration statement under the Securities Act is at that time in effect with respect to the legended security or that such security can be freely transferred in a public sale without such a registration statement being in effect and that such transfer will not jeopardize the exemption or exemptions from registration pursuant to which the Company issued the Shares or Conversion Shares.

Appears in 3 contracts

Samples: Series D Preferred Stock Purchase Agreement (Sohu Com Inc), Series B 1 Preferred Stock Purchase Agreement (Sohu Com Inc), Series C Preferred Stock Purchase Agreement (Sohu Com Inc)

AutoNDA by SimpleDocs

Removal of Restrictive Legend. The legend set forth above shall ----------------------------- be removed by the Company from any certificate evidencing the Shares or Conversion Shares any other of the Company’s securities acquired by Cryogen pursuant to this Agreement upon delivery to the Company of an opinion of by counsel, reasonably satisfactory to the Company, if requested by the Company that a registration statement under the Securities Act is at that time in effect with respect to the legended security or that such security can be freely transferred in a public sale without such a registration statement being in effect and that such transfer will shall not jeopardize the exemption or exemptions from registration pursuant to which the Company issued the Shares or Conversion Shares.

Appears in 3 contracts

Samples: Contribution Agreement (Cryocor Inc), Contribution Agreement (Cryocor Inc), Contribution Agreement (Cryocor Inc)

AutoNDA by SimpleDocs

Removal of Restrictive Legend. The legend set forth above shall ----------------------------- be removed by the Company from any certificate evidencing the Shares or Conversion Shares any other of the Company’s securities acquired by Cryogen pursuant to this Agreement upon delivery to the Company of an opinion of by counsel, reasonably satisfactory to the Company, if requested by the Company that a registration statement under the Securities Act is at that time in effect with respect to the legended security or that such security can be freely transferred in a public sale without such a registration statement being in effect and that such transfer will shall not jeopardize the exemption or exemptions from registration pursuant to which the Company issued the Shares or Conversion Shares. 7.

Appears in 1 contract

Samples: Contribution Agreement

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