Removal of Restrictive Legends. This Warrant, the certificates evidencing the Exercise Shares and any Redemption Shares, as applicable, shall not contain any legend restricting the transfer thereof (including the legend set forth above in subsection 2(e)(i)): (A) while a registration statement (including a Registration Statement, as defined in the Registration Rights Agreement, or any Shelf Registration Statement with respect to Redemption Shares, as defined in Section 4(c) below) covering the resale of such security is effective under the Securities Act, or (B) following any sale of such Warrant, Exercise Shares and/or Redemption Shares pursuant to Rule 144, or (C) if such Warrant, Exercise Shares and/or Redemption Shares are eligible for sale under Rule 144(b)(1)(i), or (D) if such legend is not required under applicable requirements of the Securities Act (including judicial interpretations and pronouncements issued by the staff of the SEC) and the Company shall have received an opinion of counsel of Holder to such effect (collectively, the “Unrestricted Conditions”). The Company shall cause its counsel to issue a legal opinion to the Transfer Agent promptly after the Effective Date (as defined below) if required by the Company’s transfer agent to effect the issuance of the Exercise Shares or any Redemption Shares without a restrictive legend or removal of the legend hereunder. If the Unrestricted Conditions are met at the time of issuance of this Warrant, Exercise Shares and/or Redemption Shares, then such Warrant, Exercise Shares and/or Redemption Shares shall be issued free of all legends. The Company agrees that following the Effective Date or at such time as the Unrestricted Conditions are met or such legend is otherwise no longer required under this Section 2(e), it will, no later than three (3) Trading Days following the delivery (the “Unlegended Shares Delivery Deadline”) by the Holder to the Company or the Transfer Agent of this Warrant and a certificate representing Exercise Shares or Redemption Shares, as applicable, issued with a restrictive legend (such third Trading Day, the “Legend Removal Date”), deliver or cause to be delivered to such Holder this Warrant and/or a certificate (or electronic transfer) representing such shares that is free from all restrictive and other legends. For purposes hereof, “Effective Date” shall mean the date that the Registration Statement that the Company is required to file pursuant to the Registration Rights Agreement or any Shelf Registration Statement pursuant to Section 4(c) below has been declared effective by the SEC.
Appears in 2 contracts
Samples: Array Biopharma Inc, Array Biopharma Inc
Removal of Restrictive Legends. This Warrant, Warrant and the certificates (or electronic book entries, if applicable) evidencing the Exercise Shares and any Redemption the Failure Payment Shares, as applicable, shall not contain or be subject to any legend restricting the transfer thereof (including the legend set forth above in subsection 2(e)(i)): ) or be subject to any stop-transfer instructions: (A) while a registration statement (including a Registration Statement, as defined in the Registration Rights Agreement, or any Shelf Registration Statement with respect to Redemption Shares, as defined in Section 4(c) below) covering the sale or resale of such security is effective under the Securities Act, or (B) following any sale of such Warrant, Exercise Shares and/or Redemption Failure Payment Shares pursuant to Rule 144, or (C) if such Warrant, Exercise Shares and/or Redemption Failure Payment Shares are eligible for sale under Rule 144(b)(1)(i144(b)(1), or (D) at any time on or after the date hereof on which Holder’s holding period for purposes of Rule 144 under the Securities Act and subsection (d)(3)(iii) thereof with respect to such Warrant, Exercise Shares and/or Failure Payment Shares is at least six (6) months and Holder certifies that it is not an “affiliate” (as defined in Rule 144 under the Securities Act), or (E) if such legend is not required under applicable requirements of the Securities Act (including judicial interpretations and pronouncements issued by the staff of the SEC) and the Company shall have received an opinion of counsel of Holder to such effect (collectively, the “Unrestricted Conditions”). The Company shall cause its counsel to issue a legal opinion to the Transfer Agent promptly after the Effective Date (Date, or at such other time as defined below) any of the Unrestricted Conditions have been met, if required by the Company’s transfer agent Transfer Agent to effect the issuance of this Warrant, the Exercise Shares or any Redemption Shares the Failure Payment Shares, as applicable, without a restrictive legend or removal of the legend hereunder. If any of the Unrestricted Conditions are met at the time of issuance of this Warrant, the Exercise Shares and/or Redemption or the Failure Payment Shares, then such Warrant, Exercise Shares and/or Redemption Shares or Failure Payment Shares, as applicable, shall be issued free of all legendslegends and stop-transfer instructions. The Company agrees that following the Effective Date Date, or at such time as the Unrestricted Conditions are met or such legend is otherwise no longer required under this Section 2(e), it will, no later than three the earlier of (3x) two (2) Trading Days and (y) the number of Trading Days comprising the Standard Settlement Period following the delivery (the “Unlegended Shares Delivery Deadline”) by the Holder to the Company or the Transfer Agent of this Warrant and a certificate representing Exercise Shares or Redemption and/or Failure Payment Shares, as applicable, issued with a restrictive legend (such third Trading Day, the “Legend Removal Date”)legend, deliver or cause to be delivered to such Holder this Warrant and/or a certificate (or electronic transfer) representing such shares that is free from all restrictive and other legendslegends (and stop transfer instructions). For purposes hereof, “Effective Date” shall mean the date that the first Registration Statement that the Company is required to file pursuant to the Registration Rights Agreement or any Shelf Registration Statement pursuant to Section 4(c) below has been declared effective by the SEC.
Appears in 1 contract
Removal of Restrictive Legends. This Warrant, the Warrant and certificates evidencing the Exercise Shares and any Redemption Shares, as applicable, Additional Shares shall not be required to contain any legend restricting the transfer thereof (including the legend set forth above in subsection 2(e)(i)): (A) while a registration statement (including a Registration Statement, as defined in the Registration Rights Agreement, or any Shelf Registration Statement with respect to Redemption Shares, as defined in Section 4(c) below) covering the sale or resale of such security is effective under the Securities Act, or (B) following any sale of such Warrant, Exercise Shares and/or Redemption Additional Shares pursuant to Rule 144, or (C) if such Warrant, Exercise Shares and/or Redemption Additional Shares are eligible for sale under Rule 144(b)(1)(i144(k), or (D) if such legend is not required under applicable requirements of the Securities Act (including judicial interpretations and pronouncements issued by the staff of the SEC) and the Company shall have received an opinion of counsel of Holder to such effect (collectively, the “Unrestricted Conditions”). The Subject to Section 2(e)(iii), the Company shall cause its counsel use best efforts to issue a legal opinion to the Transfer Agent promptly after the Effective Date (as defined below) if required by the Company’s transfer agent take all actions necessary to effect the issuance of the this Warrant, Exercise Shares or any Redemption and Additional Shares without a restrictive legend or removal of the legend hereunder. If the Unrestricted Conditions are met at the time of issuance of this Warrant, Exercise Shares and/or Redemption Additional Shares, then such Warrant, Exercise Shares and/or Redemption Additional Shares shall be issued free of all legends. The Company agrees that following the Effective Date or at such time as the Unrestricted Conditions are met or such legend is otherwise no longer required under this Section 2(e), it will, no later than three (3) Trading Days following the delivery (the “Unlegended Shares Delivery Deadline”) by the Holder to the Company or the Transfer Agent of this Warrant and a certificate any certificates representing Exercise Shares or Redemption and Additional Shares, as applicable, issued with a restrictive legend (such third Trading Day, the “Legend Removal Date”), deliver or cause to be delivered to such Holder this Warrant and/or a certificate (or electronic transfer) representing such shares that is free from all restrictive and other legends. For purposes hereof, “Effective Date” shall mean the date that the Registration Statement that the Company is required to file files pursuant to the Registration Rights Agreement or any Shelf Registration Statement pursuant to Section 4(c) below has been declared effective by the SEC.
Appears in 1 contract
Samples: Dynavax Technologies Corp
Removal of Restrictive Legends. This Warrant, the certificates Certificates evidencing the Exercise Shares and any Redemption Shares, as applicable, shall not contain any legend restricting the transfer thereof (including the legend set forth above in subsection 2(e)(i2(g)(i)): (Ai) following resale of such shares while a registration statement (including a the Registration Statement, as defined in the Registration Rights Agreement, or any Shelf Registration Statement with respect to Redemption Shares, as defined in Section 4(c) below) covering the resale of such security is effective under the Securities Act, or (Bii) following any sale of such Warrant, Exercise Shares and/or Redemption Shares pursuant to Rule 144, or (Ciii) if such Warrant, Exercise Shares and/or Redemption Shares are eligible for sale under Rule 144(b)(1)(i144(k), or (Div) if such legend is not required under applicable requirements of the Securities Act (including judicial interpretations and pronouncements issued by the staff of the SECCommission) and the Company shall have received an opinion of counsel of Holder to such effect (collectively, the “Unrestricted Conditions”). The Company shall cause its counsel to issue a legal opinion to the Transfer Agent Company’s transfer agent promptly after the Effective Date (as defined below) of the Registration Statement if required by the Company’s transfer agent to effect the issuance sale of the Exercise Shares or any Redemption Shares by Holder without a restrictive legend or removal of the legend hereunder. If the Unrestricted Conditions are met at the time of issuance or resale of this Warrant, Exercise Shares and/or Redemption Shares, then such Warrant, Exercise Shares and/or Redemption Shares shall be issued free of all legendslegends and Holder submits proof and proper documentation satisfactory to the Company and its transfer agent to the conditions in this Section 2(g). The Company agrees that following the Effective Date or at such time as the Unrestricted Conditions are met or such legend is otherwise no longer required under this Section 2(e2(g), it will, no later than three (3) Trading Days following the delivery (the “Unlegended Shares Delivery Deadline”) by the Holder to the Company or the Transfer Agent Company’s transfer agent of this Warrant and a certificate representing Exercise Shares or Redemption Shares, as applicable, issued with a restrictive legend and proof and proper documentation satisfactory to the Company and its transfer agent to the conditions in this Section 2(g) (such third Trading Day, the “Legend Removal Date”), deliver or cause to be delivered to such Holder this Warrant and/or a certificate (or electronic transfer) representing such shares that is free from all restrictive and other legends. For purposes hereof, “Effective Date” shall mean the date that the Registration Statement that the Company is required to file pursuant to the Registration Rights Agreement or any Shelf Registration Statement pursuant to Section 4(c) below has been declared effective by the SECSecurities and Exchange Commission (the “Commission”).
Appears in 1 contract
Samples: VirtualScopics, Inc.
Removal of Restrictive Legends. This WarrantThe certificates (or electronic book entries, the certificates if applicable) evidencing the Exercise Shares and any Redemption Shares, as applicable, shares issuable upon exercise hereof shall not contain or be subject to any legend restricting the transfer thereof (including the legend set forth above in subsection 2(e)(i6(a)): ) or be subject to any stop-transfer instructions: (A) while a registration statement (including a Registration Statement, as defined in the Registration Investors’ Rights Agreement, or any Shelf Registration Statement with respect to Redemption Shares, Agreement (as defined in Section 4(c) belowthe December 2020 Exchange Agreement) covering the sale or resale of such security is effective under the Securities Act, or (B) following any sale of such Warrant, Exercise Shares and/or Redemption Warrant Shares pursuant to Rule 144, or (C) if such Warrant, Exercise Shares and/or Redemption Warrant Shares are eligible for sale under Rule 144(b)(1)(i144(b)(1), or (D) at any time on or after the date hereof on which the applicable holding period for purposes of subsection (d)(1) of Rule 144 under the Securities Act with respect to such Warrant Shares has been satisfied and the Holder certifies that it is not an Affiliate of the Company, or (E) if it is reasonably determined by the Company’s counsel that such legend is not required under applicable requirements of the Securities Act (including judicial interpretations and pronouncements issued by the staff of the SECCommission) and the Company shall have received an opinion of counsel of Holder to such effect (collectively, the “Unrestricted Conditions”). The Company shall cause its counsel to issue a legal opinion the delivery of an instruction letter to the Transfer Agent promptly after the Effective Date (as defined below) or at such earlier time as any of the Unrestricted Conditions has been met, if required by the Company’s transfer agent Transfer Agent to effect the issuance of the Exercise Warrant Shares (or any Redemption Shares portion thereof), as applicable, without a restrictive legend or removal of the legend hereunder. If any of the Unrestricted Conditions are is met at the time of issuance of this Warrant, Exercise Shares and/or Redemption the Warrant Shares, then such Warrant, Exercise Shares and/or Redemption Warrant Shares shall be issued free of all legendslegends and stop-transfer instructions. The Company agrees that following the Effective Date or at such time as any of the Unrestricted Conditions are is met or such legend is otherwise no longer required under this Section 2(e6(b), it will, no later than three the earlier of (3x) two (2) Trading Days and (y) the number of Trading Days comprising the Standard Settlement Period following the delivery (the “Unlegended Shares Delivery Deadline”) by the Holder to the Company or the Transfer Agent of this Warrant and a certificate representing Exercise Shares or Redemption Warrant Shares, as applicable, issued with a restrictive legend (such third Trading Day, the “Legend Removal Date”)legend, deliver or cause to be delivered to such the Holder this Warrant and/or a certificate (or electronic transfer) representing such shares that is free from all restrictive and other legendslegends (and stop transfer instructions). For purposes hereof, “Effective Date” shall mean the date that the first Registration Statement that the Company is required to file pursuant to the Registration Rights December 2020 Exchange Agreement or any Shelf Registration Statement pursuant to Section 4(c) below has been declared effective by the SEC.Commission. For the avoidance of doubt, upon any cashless exercise of this Warrant, the Company acknowledges and agrees that an Unrestricted Condition shall have been met and the Warrant Shares issued in respect of such cashless exercise shall be issued free of all legends and stop transfer instructions so long as the Holder certifies that it is not an Affiliate of the Company in connection with such exercise. Notwithstanding anything to the contrary contained herein, the Holder shall be deemed to have certified that it is not an Affiliate of the Company upon each delivery of a Notice of Exercise, unless the Holder otherwise advises the Company in writing,
Appears in 1 contract
Samples: Kempharm, Inc
Removal of Restrictive Legends. This Warrant, Warrant and the certificates evidencing the Exercise Shares and any Redemption the Failure Payment Shares, as applicable, shall not contain any legend restricting the transfer thereof (including the legend set forth above in subsection 2(e)(i)): (A) while a registration statement (including a Registration Statement, as defined in the Registration Rights Agreement, or any Shelf Registration Statement with respect to Redemption Shares, as defined in Section 4(c) below) covering the sale or resale of such security is effective under the Securities Act, or (B) following any sale of such Warrant, Exercise Shares and/or Redemption Failure Payment Shares pursuant to Rule 144, or (C) if such Warrant, Exercise Shares and/or Redemption Failure Payment Shares are eligible for sale under Rule 144(b)(1)(i144(b)(1), or (D) if such legend is not required under applicable requirements of the Securities Act (including judicial interpretations and pronouncements issued by the staff of the SEC) and the Company shall have received an opinion of counsel of Holder to such effect (collectively, the “Unrestricted Conditions”). The If the Unrestricted Conditions are met, the Company shall cause its counsel to issue a legal opinion to the Transfer Agent promptly after the Effective Date (as defined below) if required by the Company’s transfer agent to effect the issuance of the Exercise Shares or any Redemption Shares Failure Payment Shares, as applicable, without a restrictive legend or removal of the legend hereunder. If the Unrestricted Conditions are met at the time of issuance of this Warrant, the Exercise Shares and/or Redemption or the Failure Payment Shares, then such Warrant, Exercise Shares and/or Redemption Shares or Failure Payment Shares, as applicable, shall be issued free of all legends. The Company agrees that following the Effective Date or at such time as the Unrestricted Conditions are met or such legend is otherwise no longer required under this Section 2(e), it will, no later than three five (35) Trading Days following the delivery (the “Unlegended Shares Delivery Deadline”) by the Holder to the Company or the Transfer Agent of this Warrant and a certificate representing Exercise Shares or Redemption and/or Failure Payment Shares, as applicable, issued with a restrictive legend (such third fifth Trading Day, the “Legend Removal Date”), deliver or cause to be delivered to such Holder this Warrant and/or a certificate (or electronic transfer) representing such shares that is free from all restrictive and other legends. For purposes hereof, “Effective Date” shall mean the date that the Registration Statement that the Company is required to file pursuant to the Registration Rights Agreement or any Shelf Registration Statement pursuant to Section 4(c) below has been declared effective by the SEC.
Appears in 1 contract
Samples: Cryoport, Inc.
Removal of Restrictive Legends. This Warrant, the The certificates evidencing the Exercise Shares and any Redemption the Failure Payment Shares, as applicable, shall not contain any legend restricting the transfer thereof (including the legend set forth above in subsection 2(e)(i)): (A) while pursuant to a sale or disposition pursuant to an effective registration statement (including a Registration Statement, as defined in that is effective at the Registration Rights Agreement, time of such disposition or any Shelf Registration Statement with respect to Redemption Shares, as defined in Section 4(c) below) resale covering the disposition or resale of such security is effective under the Securities Actsecurities, or (B) following any sale or disposition of such Warrant, Exercise Shares and/or Redemption Failure Payment Shares pursuant to Rule 144, or (C) if such Warrant, Exercise Shares and/or Redemption Failure Payment Shares are eligible for sale under Rule 144(b)(1)(i144(b)(1), or (D) if such legend is not required under applicable requirements of the Securities Act (including judicial interpretations and pronouncements issued by the staff of the SEC), (E) if at the time of Exercise, the Holder has indicated on the Exercise Form its intent to sell or dispose of the shares within three (3) Trading Days pursuant to a currently effective registration statement, or (F) if, following the issuance of any Exercise Shares or Failure Payment Shares and while a registration statement covering the resale of such security is effective under the Securities Act, the Holder requests the removal of such legends via facsimile, electronic mail or regular mail and the Company shall have received an opinion Holder indicates in such written communication its intent to sell or dispose of counsel of Holder the shares pursuant to such effect a currently effective registration statement in accordance with the Securities Act and applicable securities laws (collectively, the “Unrestricted Conditions”). The Company shall cause its counsel to issue a legal opinion to the Transfer Agent promptly after the Effective Date (as defined below) if required by the Company’s transfer agent to effect the issuance of the Exercise Shares or any Redemption Shares the Failure Payment Shares, as applicable, without a restrictive legend or removal of the legend hereunderhereunder if the applicable Unrestricted Condition(s) are met and if the removal of such legends is in compliance with the Securities Act. If the Unrestricted Conditions are met at the time of issuance of this Warrant, the Exercise Shares and/or Redemption or the Failure Payment Shares, then such Warrant, Exercise Shares and/or Redemption Shares or Failure Payment Shares, as applicable, shall be issued free of all legendslegends regarding registration under the Securities Act. The Company agrees that following the Effective Date or at such time as the Unrestricted Conditions are met or such legend is otherwise no longer required under this Section 2(e), it will, no later than three (3) Trading Days following the delivery (the “Unlegended Shares Delivery Deadline”) by the Holder to the Company or the Transfer Agent of this Warrant and a certificate representing Exercise Shares or Redemption and/or Failure Payment Shares, as applicable, issued with a restrictive legend (such third Trading Day, the “Legend Removal Date”), deliver or cause to be delivered to such Holder this Warrant and/or a certificate (or electronic transfer) representing such shares that is free from all restrictive and other legends. For purposes hereof, “Effective Date” shall mean the date that the Registration Statement that the Company is required to file pursuant to the Registration Rights Agreement or any Shelf Registration Statement pursuant to Section 4(c) below has been declared effective by the SEC.
Appears in 1 contract
Samples: Certain Registration Rights Agreement (Pacific Biosciences of California Inc)
Removal of Restrictive Legends. This Warrant, Warrant and the certificates evidencing the Exercise Shares and any Redemption the Failure Payment Shares, as applicable, shall not contain any legend restricting the transfer thereof (including the legend set forth above in subsection 2(e)(i)): (A) while a registration statement (including a Registration Statement, as defined in the Registration Rights Agreement, or any Shelf Registration Statement with respect to Redemption Shares, as defined in Section 4(c) below) covering the sale or resale of such security is effective under the Securities Act, or (B) following any sale of such Warrant, Exercise Shares and/or Redemption Failure Payment Shares pursuant to Rule 144, or (C) if such Warrant, Exercise Shares and/or Redemption Failure Payment Shares are eligible for sale under Rule 144(b)(1)(i144(b)(1), or (D) if such legend is not required under applicable requirements of the Securities Act (including judicial interpretations and pronouncements issued by the staff of the SEC) and the Company shall have received an opinion of counsel of the Holder to such effect (collectively, the “Unrestricted Conditions”). The Company shall cause its counsel to issue a legal opinion to the Transfer Agent promptly after the Effective Date (Date, or at such other time as defined below) the Unrestricted Conditions have been met, if required by the Company’s transfer agent Transfer Agent to effect the issuance of this Warrant, the Exercise Shares or any Redemption Shares the Failure Payment Shares, as applicable, without a restrictive legend or removal of the legends required hereunder, provided, however, that in connection with a legend hereunder. removal request arising under clause (C) or (D) above, the Holder shall deliver to the Company a letter, signature guaranteed, substantially in the form of Exhibit D. If the Unrestricted Conditions are met at the time of issuance of this Warrant, the Exercise Shares and/or Redemption or the Failure Payment Shares, then such Warrant, Exercise Shares and/or Redemption Shares or Failure Payment Shares, as applicable, shall be issued free of all legends. The Company agrees that following the Effective Date or at such time as the Unrestricted Conditions are met or such legend is otherwise no longer required under this Section 2(e), it will, no later than three (3) Trading Business Days following the delivery (the “Unlegended Shares Delivery Deadline”) by the Holder to the Company or the Transfer Agent of this Warrant and a certificate representing Exercise Shares or Redemption and/or Failure Payment Shares, as applicable, issued with a restrictive legend (such third Trading Day, the “Legend Removal Date”), deliver or cause to be delivered to such Holder this Warrant and/or a certificate (or electronic transfer) representing such shares that is free from all restrictive and other legends. For purposes hereof, “Effective Date” shall mean the date that the Registration Statement Statement, that the Company is required to file pursuant to the Registration Rights Agreement or any Shelf Registration Statement pursuant to Section 4(c) below Agreement, has been declared effective by the SEC. Notwithstanding the foregoing, in the event that for any reason the Unrestricted Conditions shall cease to apply to this Warrant, the Exercise Shares or the Failure Payment Shares, then upon notice provided by the Company to the Holder to such effect, the Holder shall promptly return the applicable certificates for this Warrant, the Exercise Shares or the Failure Payment Shares to the Transfer Agent, which shall re-issue such certificates bearing the legends contemplated in Section 2(e)(i), and such legends shall remain on such certificates for so long as the Unrestricted Conditions continue to not be met.
Appears in 1 contract
Samples: Facility Agreement (IMRIS Inc.)
Removal of Restrictive Legends. This Warrant, Note and the certificates evidencing the Exercise Conversion Shares and (including any Redemption Major Transaction Company Shares), as applicable, shall not contain any legend restricting the transfer thereof (including the legend set forth above in subsection 2(e)(i)): (A) while a registration statement (including a Registration Statement, as defined in the Registration Rights Agreement, or any Shelf Registration Statement with respect to Redemption Shares, as defined in Section 4(c) below) covering the sale or resale of such security the Conversion Shares is effective under the Securities Act, or (B) following any sale of such Warrant, Exercise Shares Note and/or Redemption Conversion Shares pursuant to Rule 144, or (C) if such WarrantNote or Conversion Shares, Exercise Shares and/or Redemption Shares as the case may be, are eligible for sale under Rule 144(b)(1)(i144(b)(1), or (D) if such legend is not required under applicable requirements of the Securities Act (including judicial interpretations and pronouncements issued by the staff of the SEC) and the Company shall have received an opinion of counsel of Holder to such effect (collectively, the “Unrestricted Conditions”). The Company shall cause its counsel to issue a legal opinion to the Transfer Agent promptly after the Effective Date (as defined below) ), or at such other time as any of the Unrestricted Conditions have been satisfied, if required by the Company’s transfer agent to effect the issuance of this Note or the Exercise Shares or any Redemption Shares Conversion Shares, as applicable, without a restrictive legend or removal of the legend hereunder. If any of the Unrestricted Conditions are met at the time of issuance of this Warrant, Exercise Shares and/or Redemption any of the Conversion Shares, then such Warrant, Exercise Shares and/or Redemption Conversion Shares shall be issued free of all legends. The Company agrees that following the Effective Date or at such time as any of the Unrestricted Conditions are met or such legend is otherwise no longer required under this Section 2(e), it will, no later than three five (35) Trading Days following the delivery (the “Unlegended Shares Delivery Deadline”) by the Holder to the Company or the Transfer Agent of this Warrant Note and a certificate representing Exercise Shares or Redemption Conversion Shares, as applicable, issued with a restrictive legend (such third Trading Day, the “Legend Removal Date”), deliver or cause to be delivered to such Holder this Warrant Note and/or a certificate (or electronic transfer) representing such shares that is free from all restrictive and other legends. For purposes hereof, “Effective Date” shall mean the date that the Registration Statement that the Company is required to file pursuant to the Registration Rights Agreement or any Shelf Registration Statement pursuant to Section 4(c) below has been declared effective by the SEC.
Appears in 1 contract
Samples: Facility Agreement (Pozen Inc /Nc)
Removal of Restrictive Legends. This Warrant, the certificates Certificates evidencing the Exercise Shares and any Redemption Shares, as applicable, shall not contain any legend restricting the transfer thereof (including the legend set forth above in subsection 2(e)(i)): (A) while a registration statement (including a the Registration Statement, as defined in the Registration Rights Agreement, or any Shelf Registration Statement with respect to Redemption Shares, as defined in Section 4(c) below) covering the resale of such security is effective under the Securities Act, or (B) following any sale of such Warrant, Exercise Shares and/or Redemption Shares pursuant to Rule 144, or (C) if such Warrant, Exercise Shares and/or Redemption Shares are eligible for sale under Rule 144(b)(1)(i144(k), or (D) if such legend is not required under applicable requirements of the Securities Act (including judicial interpretations and pronouncements issued by the staff of the SECCommission) and the Company shall have received an opinion of counsel of Holder to such effect (collectively, the “Unrestricted Conditions”). The Company shall cause its counsel to issue a legal opinion to the Transfer Agent Company’s transfer agent promptly after the Effective Date (as defined below) if required by the Company’s transfer agent to effect the issuance of the Exercise Shares or any Redemption Shares without a restrictive legend or removal of the legend hereunder. If the Unrestricted Conditions are met at the time of issuance of this Warrant, Exercise Shares and/or Redemption Shares, then such Warrant, Exercise Shares and/or Redemption Shares shall be issued free of all legends. The Company agrees that following the Effective Date or at such time as the Unrestricted Conditions are met or such legend is otherwise no longer required under this Section 2(e), it will, no later than three (3) Trading Days following the delivery (the “Unlegended Shares Delivery Deadline”) by the Holder to the Company or the Transfer Agent Company’s transfer agent of this Warrant and a certificate representing Exercise Shares or Redemption Shares, as applicable, issued with a restrictive legend (such third Trading Day, the “Legend Removal Date”), deliver or cause to be delivered to such Holder this Warrant and/or a certificate (or electronic transfer) representing such shares that is free from all restrictive and other legends. For purposes hereof, “Effective DateEFFECTIVE DATE” shall mean the date that the Registration Statement that the Company is required to file pursuant to the Registration Rights Agreement or any Shelf Registration Statement pursuant to Section 4(c) below has been declared effective by the SECSecurities and Exchange Commission (the “Commission”).
Appears in 1 contract
Samples: Avicena Group, Inc.
Removal of Restrictive Legends. This Warrant, the certificates Certificates evidencing the Exercise Shares and any Redemption Shares, as applicable, shall not contain any legend restricting the transfer thereof (including the legend set forth above in subsection 2(e)(i)Subsection 1.3(e)(i): (Ai) while a registration statement (including a the Registration Statement, as defined in the Registration Rights Agreement, or any Shelf Registration Statement with respect to Redemption Shares, as defined in Section 4(c) below) covering the resale of such security is effective under the Securities Act, or (Bii) following any sale of such Warrant, Exercise Shares and/or Redemption Shares pursuant to Rule 144, or (Ciii) if such Warrant, Exercise Shares and/or Redemption Shares are eligible for sale under Rule 144(b)(1)(i144(k), or (Div) if such legend is not required under applicable requirements of the Securities Act (including judicial interpretations and pronouncements issued by the staff of the SECCommission) and the Company shall have received an opinion of counsel of Holder to such effect (collectively, the “Unrestricted Conditions”). The Company shall cause its counsel to issue a legal opinion to the Transfer Agent Company’s transfer agent promptly after the Effective Date (as defined below) of the Registration Statement if required by the Company’s transfer agent to effect the issuance of the Exercise Shares or any Redemption Shares without a restrictive legend or removal of the legend hereunder. If the Unrestricted Conditions are met at the time of issuance of this Warrant, Exercise Shares and/or Redemption Shares, then such Warrant, Exercise Shares and/or Redemption Shares shall be issued free of all legends. The Company agrees that following the Effective Date or at such time as the Unrestricted Conditions are met or such legend is otherwise no longer required under this Section 2(e), it will, no later than three (3) Trading Days following the delivery (the “Unlegended Shares Delivery Deadline”) by the Holder to the Company or the Transfer Agent Company’s transfer agent of this Warrant and a certificate representing Exercise Shares or Redemption Shares, as applicable, issued with a restrictive legend (such third Trading Day, the “Legend Removal Date”), deliver or cause to be delivered to such Holder this Warrant and/or a certificate (or electronic transfer) representing such shares that is free from all restrictive and other legends. For purposes hereof, “Effective Date” shall mean the date that the Registration Statement that the Company is required to file pursuant to the Registration Rights Agreement or any Shelf Registration Statement pursuant to Section 4(c) below has been declared effective by the SECSecurities and Exchange Commission (the “Commission”).
Appears in 1 contract
Samples: Phytomedical Technologies Inc
Removal of Restrictive Legends. This WarrantThe certificates evidencing the Conversion Shares shall not contain the Securities Legend and no legend (other than the IA Legends, if required under the Investor Agreements) shall apply restricting the transfer thereof (any such legend that the certificates evidencing the Exercise Conversion Shares and any Redemption shall not so contain or that shall not so apply to the Conversion Shares, as applicable, shall not contain any legend restricting the transfer thereof (including the legend set forth above in subsection 2(e)(i)a “Removable Legend”): (A) while a registration statement (including a Registration Statement, as defined in the Registration Rights Agreement, or any Shelf Registration Statement with respect to Redemption Shares, as defined in Section 4(c) below) covering the sale or resale of such security is effective under the Securities Act, or (B) following any sale of such Warrant, Exercise Shares and/or Redemption Conversion Shares pursuant to Rule 144, or (C) if such Warrant, Exercise Shares and/or Redemption Conversion Shares are eligible for sale under Rule 144(b)(1)(i), 144(b)(1) without volume restriction or (D) if such legend is transfer restrictions are not required under applicable requirements of the Securities Act (including judicial interpretations and pronouncements issued by the staff of the SEC) and the Company shall have received an opinion of counsel of Holder to such effect (collectively, the “Unrestricted Conditions”). The Company shall use best efforts to cause its counsel to issue a legal opinion to the Transfer Agent promptly after at such time as the Effective Date (as defined below) Unrestricted Conditions have been satisfied, if required by the Company’s transfer agent Transfer Agent to effect issue a certificate evidencing the issuance of the Exercise Shares or any Redemption Conversion Shares without a restrictive legend or removal of the legend hereunderRemovable Legends. If the Unrestricted Conditions are met at the time of issuance of this Warrant, Exercise Shares and/or Redemption the Conversion Shares, then such Warrant, Exercise Shares and/or Redemption the Conversion Shares shall be issued free of all legendsRemovable Legends. The Company agrees that following the Effective Date or at such time as the Unrestricted Conditions are met or such legend is otherwise no longer required under this Section 2(e)met, it will, no later than three (3) Trading Days following the delivery (the “Unlegended Shares Delivery Deadline”) by the Holder to the Company or the Transfer Agent Agent, if applicable, of this Warrant and a certificate representing Exercise Conversion Shares or Redemption Shares, as applicable, issued with a restrictive legend the Removable Legends (such third Trading DayDay following such delivery, the “Legend Removal Date”), deliver or cause to be delivered to such Holder this Warrant one or more certificates evidencing such Conversion Shares that do not contain the Removable Legends and/or a certificate (or electronic transfer) representing confirmation confirming in respect of such shares that is they are free from all restrictive and other legends. For purposes hereof, “Effective Date” shall mean the date that the Registration Statement that the Company is required to file pursuant to the Registration Rights Agreement or any Shelf Registration Statement pursuant to Section 4(c) below has been declared effective by the SECRemovable Legends.
Appears in 1 contract
Samples: Facility Agreement (Kempharm, Inc)
Removal of Restrictive Legends. This Warrant, the The certificates evidencing the Exercise Exchange Shares and any Redemption Shares, as applicable, shall not contain any legend restricting the transfer thereof (including the legend set forth above in subsection 2(e)(iSubsection 3.06(a)): (A) while a registration statement (including a Registration Statement, as defined in the Registration Rights Agreement, or any Shelf Registration Statement with respect to Redemption Shares, as defined in Section 4(c) below) covering the resale of such security Exchange Shares by the Investor is effective under the Securities Act, or (B) following any sale of such Warrant, Exercise Shares and/or Redemption Exchange Shares pursuant to Rule 144, or (C) if such Warrant, Exercise Shares and/or Redemption Exchange Shares are eligible for sale under Rule 144(b)(1)(i), or rule 144(b)(1) (D) if such legend is not required under applicable requirements of the Securities Act (including judicial interpretations and pronouncements issued by the staff of the SEC) and the Company shall have received an opinion of counsel of Holder to such effect (collectively, the “Unrestricted Conditions”). The Company shall cause its counsel Each Investor agrees that the removal of the restrictive legend from the Exchange Shares in accordance with the immediately preceding sentence is predicated upon Investor’s reliance that (i) such Investor will dispose of such Exchange Shares pursuant to issue either the registration requirements of the Securities Act, including any applicable prospectus delivery requirements, or an exemption therefrom, and that if such Exchange Shares are sold pursuant to a legal opinion to registration statement, they will be sold in compliance with the Transfer Agent promptly after plan of distribution set forth therein. Promptly following the Effective Date (as defined below) if required by or such other time as any of the Company’s transfer agent Unrestricted Conditions have been satisfied, the Company agrees to effect the issuance of the Exercise Shares or any Redemption Shares without a restrictive legend or removal of the legend hereunderthereunder. If the Unrestricted Conditions are met at the time of issuance of this Warrant, Exercise Shares and/or Redemption the Exchange Shares, then such Warrant, Exercise Shares and/or Redemption the Exchange Shares shall be issued free of all legends. The Company agrees that that, following the Effective Date or at such time as the Unrestricted Conditions are met or such legend is otherwise no longer required under this Section 2(e)3.06, it will, no later than three (3) Trading Days following the delivery (the “Unlegended Shares Delivery Deadline”) by the Holder Investor to the Company or the its Transfer Agent of this Warrant and a any certificate representing Exercise Shares or Redemption Exchange Shares, as applicable, issued with a restrictive legend (such third Trading Day, the “Legend Removal Date”), deliver or cause to be delivered to such Holder this Warrant and/or Investor a certificate (or electronic transfer) representing such shares that is Exchange Shares, or, at the request of such Investor deliver or cause to be delivered the Exchange Shares to such Investor’s or its designee’s balance account with DTC through its DWAC system, free from all restrictive and other legendslegends and stop transfer instructions. For purposes hereof, “Effective Date” shall mean the date that the first Registration Statement that the Company is required to file pursuant to the Registration Rights Agreement or any Shelf Registration Statement pursuant to Section 4(c) below has been declared effective by the SEC.
Appears in 1 contract
Removal of Restrictive Legends. This Warrant, the The certificates evidencing the Exercise Shares and any Redemption Shares, as applicable, New Securities shall not contain any legend restricting the transfer thereof (including the legend set forth above in subsection 2(e)(iSubsection (a)): (A) while a registration statement (including a Registration Statement, as defined in the Registration Rights Agreement, or any Shelf Registration Statement with respect to Redemption Shares, as defined in Section 4(c) below) covering the resale of such security New Securities by the Investor is effective under the Securities Act, or (B) following any sale of if the Investor (or other holder) provides the Company with customary paperwork to the effect that it has sold or is selling such Warrant, Exercise Shares and/or Redemption Shares New Securities pursuant to Rule 144, or (C) if such Warrant, Exercise Shares and/or Redemption Shares are eligible for sale under Rule 144(b)(1)(i), or (D) if such legend is not no longer required under applicable requirements of the Securities Act (including judicial interpretations and pronouncements issued by the staff of the SEC) and as determined in good faith by counsel to the Company shall have received an or set forth in a legal opinion of delivered by Xxxxxx Xxxxxx Xxxxxxxx LLP or other nationally recognized counsel of Holder to such effect the Investor (or other holder) (collectively, the “Unrestricted Conditions”). The Each Investor agrees that the removal of the restrictive legend from the New Securities in accordance with the immediately preceding sentence is predicated upon Investor’s reliance that such Investor will dispose of such New Securities pursuant to either the registration requirements of the Securities Act, including any applicable prospectus delivery requirements, or an exemption therefrom, and that if such New Securities are sold pursuant to a registration statement, they will be sold in compliance with the plan of distribution set forth therein. At such time as any of the Unrestricted Conditions have been satisfied, the Company shall cause its counsel to issue a legal opinion to the Transfer Agent promptly after the Effective Date (as defined below) if required by the Company’s transfer agent agrees to effect the issuance of the Exercise Shares or any Redemption Shares without a restrictive legend or removal of the legend hereunder. If the Unrestricted Conditions are met at the time of issuance of this Warrant, Exercise Shares and/or Redemption Shares, then such Warrant, Exercise Shares and/or Redemption Shares shall be issued free of all legendsthereunder. The Company agrees that following the Effective Date or that, at such time as the Unrestricted Conditions are met or such legend is otherwise no longer required under this Section 2(e)hereunder, it will, no later than three two (32) Trading Days following the delivery (the “Unlegended Shares Delivery Deadline”) by the Holder Investor to the Company or the its Transfer Agent of this Warrant and a any certificate representing Exercise Shares or Redemption SharesNew Securities, as applicable, issued with a restrictive legend (such third Trading Day, the “Legend Removal Date”), deliver or cause to be delivered to such Holder this Warrant and/or Investor a certificate (or electronic transfer) representing such shares that is New Securities, or, at the request of such Investor deliver or cause to be delivered the New Securities to such Investor’s or its designee’s balance account with DTC through its DWAC system, free from all restrictive and other legends. For purposes hereof, “Effective Date” shall mean the date that the Registration Statement that the Company is required to file pursuant to the Registration Rights Agreement or any Shelf Registration Statement pursuant to Section 4(c) below has been declared effective by the SEClegends and stop transfer instructions.
Appears in 1 contract
Samples: Recapitalization Agreement (Nuo Therapeutics, Inc.)
Removal of Restrictive Legends. This Warrant, the The certificates evidencing the Exercise Shares and any Redemption the Failure Payment Shares, as applicable, shall not contain any legend restricting the transfer thereof (including the legend set forth above in subsection 2(e)(i)): (A) while a registration statement (including a Registration Statement, as defined in the Registration Rights Agreement, or any Shelf Registration Statement with respect to Redemption Shares, as defined in Section 4(c) below) covering the sale or resale of such security is effective under the Securities Act, or (B) following any sale of such Warrant, Exercise Shares and/or Redemption Failure Payment Shares pursuant to Rule 144144 or Rule 144A, or (C) if such Warrant, Exercise Shares and/or Redemption Failure Payment Shares are eligible for sale under Rule 144(b)(1)(i144(b)(1), or (D) if such legend is not required under applicable requirements of the Securities Act (including judicial interpretations and pronouncements issued by the staff of the SEC) and the Company shall have received an opinion of counsel of Holder to such effect (collectively, the “Unrestricted Conditions”). The Company shall cause its counsel to issue a legal opinion to the Transfer Agent promptly after the Effective Date (as defined below) if required by the Company’s transfer agent to effect the issuance of the Exercise Shares or any Redemption Shares the Failure Payment Shares, as applicable, without a restrictive legend or removal of the legend hereunder. If the Unrestricted Conditions are met at the time of issuance of this Warrant, the Exercise Shares and/or Redemption or the Failure Payment Shares, then such Warrant, Exercise Shares and/or Redemption Shares or Failure Payment Shares, as applicable, shall be issued free of all legends. The Company agrees that following the Effective Date or at such time as the Unrestricted Conditions are met or such legend is otherwise no longer required under this Section 2(e), it will, no later than three (3) Trading Days following the delivery (the “Unlegended Shares Delivery Deadline”) by the Holder to the Company or the Transfer Agent of this Warrant and a certificate representing Exercise Shares or Redemption and/or Failure Payment Shares, as applicable, issued with a restrictive legend (such third Trading Day, the “Legend Removal Date”), deliver or cause to be delivered to such Holder this Warrant and/or a certificate (or electronic transfer) representing such shares that is free from all restrictive and other legends. For purposes hereof, “Effective Date” shall mean the date that the Registration Statement that the Company is required to file pursuant to the Registration Rights Agreement or any Shelf Registration Statement pursuant to Section 4(c) below has been declared effective by the SEC.
Appears in 1 contract
Samples: Titan Pharmaceuticals Inc
Removal of Restrictive Legends. This Warrant, Warrant and the certificates evidencing the Exercise Shares and any Redemption the Failure Payment Shares, as applicable, shall not contain any legend restricting the transfer thereof (including the legend set forth above in subsection 2(e)(i)): (A) while a registration statement (including a Registration Statement, as defined in the Registration Rights Agreement, or any Shelf Registration Statement with respect to Redemption Shares, as defined in Section 4(c) below) covering the sale or resale of such security is effective under the Securities Act, or (B) following any sale of such Warrant, Exercise Shares and/or Redemption Failure Payment Shares pursuant to Rule 144, or (C) if such Warrant, Exercise Shares and/or Redemption Failure Payment Shares are eligible for sale under Rule 144(b)(1)(i144(b)(1), or (D) if such legend is not required under applicable requirements of the Securities Act (including judicial interpretations and pronouncements issued by the staff of the SEC) and the Company shall have received an opinion of counsel of Holder to such effect (collectively, the “Unrestricted Conditions”). The Company shall cause its counsel to issue a legal opinion to the Transfer Agent promptly after the Effective Date (if the Unrestricted Conditions have been met or at such other time as defined below) the Unrestricted Conditions have been met, if required by the Company’s transfer agent to effect the issuance of the Exercise Shares or any Redemption Shares the Failure Payment Shares, as applicable, without a restrictive legend or removal of the legend hereunder. If the Unrestricted Conditions are met at the time of issuance of this Warrant, the Exercise Shares and/or Redemption or the Failure Payment Shares, then such Warrant, Exercise Shares and/or Redemption Shares or Failure Payment Shares, as applicable, shall be issued free of all legends. The Company agrees that following the Effective Date or at such time as the Unrestricted Conditions are met or such legend is otherwise no longer required under this Section 2(e), it will, no later than three (3) Trading Days following the delivery (the “Unlegended Shares Delivery Deadline”) by the Holder to the Company or the Transfer Agent of this Warrant and a certificate representing Exercise Shares or Redemption and/or Failure Payment Shares, as applicable, issued with a restrictive legend (such third Trading Day, the “Legend Removal Date”), deliver or cause to be delivered to such Holder this Warrant and/or a certificate (or electronic transfer) representing such shares that is free from all restrictive and other legends. For purposes hereof, “Effective Date” shall mean the date that the Registration Statement that the Company is required to file pursuant to the Registration Rights Agreement or any Shelf Registration Statement pursuant to Section 4(c) below has been declared effective by the SEC.
Appears in 1 contract
Samples: Alphatec Holdings, Inc.
Removal of Restrictive Legends. This Warrant, Note and the certificates evidencing the Exercise Conversion Shares and (including any Redemption Major Transaction Company Shares), as applicable, shall not contain any United States legend restricting the transfer thereof (including the United States legend set forth above in subsection 2(e)(i)): (A) while a registration statement (including a Registration Statement, as defined in the Registration Rights Agreement, or any Shelf Registration Statement with respect to Redemption Shares, as defined in Section 4(c) below) covering the sale or resale of such security the Conversion Shares is effective under the Securities Act, or (B) following any sale of such Warrant, Exercise Shares Note and/or Redemption Conversion Shares pursuant to Rule 144, or (C) if such WarrantNote or Conversion Shares, Exercise Shares and/or Redemption Shares as the case may be, are eligible for sale under Rule 144(b)(1)(i144(b)(1), or (D) if such legend is not required under applicable requirements of the Securities Act (including judicial interpretations and pronouncements issued by the staff of the SEC) and the Company shall have received an opinion of counsel of Holder to such effect (collectively, the “Unrestricted Conditions”). The Company shall cause its counsel to issue a legal opinion to the Transfer Agent promptly after the Effective Date (as defined below) ), or at such other time as any of the Unrestricted Conditions have been satisfied, if required by the Company’s transfer agent to effect the issuance of this Note or the Exercise Shares or any Redemption Shares Conversion Shares, as applicable, without a restrictive legend or removal of the legend hereunder. If any of the Unrestricted Conditions are met at the time of issuance of this Warrant, Exercise Shares and/or Redemption any of the Conversion Shares, then such Warrant, Exercise Shares and/or Redemption Conversion Shares shall be issued free of all United States legends. The Company agrees that following the Effective Date or at such time as any of the Unrestricted Conditions are met or such United States legend is otherwise no longer required under this Section 2(e), it will, no later than three five (35) Trading Days following the delivery (the “Unlegended Shares Delivery Deadline”) by the Holder to the Company or the Transfer Agent of this Warrant Note and a certificate representing Exercise Shares or Redemption Conversion Shares, as applicable, issued with a restrictive United States legend (such third Trading Day, the “Legend Removal Date”), deliver or cause to be delivered to such Holder this Warrant Note and/or a certificate (or electronic transfer) representing such shares that is free from all restrictive and other United States legends. For purposes hereof, “Effective Date” shall mean the date that the Registration Statement that the Company is required to file pursuant to the Registration Rights Agreement or any Shelf Registration Statement pursuant to Section 4(c) below has been declared effective by the SEC.. The Canadian law securities legend shall be removed promptly following , 2016. [INSERT DATE THAT IS 4 MONTHS AND A DAY AFTER THE ISSUANCE DATE]
Appears in 1 contract
Removal of Restrictive Legends. This Warrant, the certificates Certificates evidencing the Exercise Shares and any Redemption Shares, as applicable, shall not contain any legend restricting the transfer thereof (including the legend set forth above in subsection 2(e)(i2(g)(i)): (Ai) while a registration statement (including a Registration Statement, as defined in the Registration Rights Agreement, or any Shelf Registration Statement with respect to Redemption Shares, as defined in Section 4(c) below) covering the resale of such security is effective under the Securities 1933 Act, or (Bii) following any sale of such Warrant, Exercise Shares and/or Redemption Shares pursuant to Rule 144, or (Ciii) if such Warrant, Exercise Shares and/or Redemption Shares are eligible for sale under Rule 144(b)(1)(i)144, or (Div) if such legend is not otherwise required under applicable requirements of the Securities 1933 Act (including judicial interpretations and pronouncements issued by the staff of the SECSecurities and Exchange Commission (“the Commission”)) and the Company shall have received an opinion of counsel of Holder to such effect (collectively, the “Unrestricted Conditions”). The Company shall cause its counsel to issue a legal opinion to the Transfer Agent Company’s transfer agent promptly after the Effective each Date (as defined below) of Exercise if required by the Company’s transfer agent to effect the issuance of the Exercise Shares or any Redemption Shares without a restrictive legend or removal of the legend hereunderhereunder if any of the Unrestricted Conditions are met. If the Unrestricted Conditions are met at the time of issuance or resale of this Warrant, Exercise Shares and/or Redemption Shares, then such Warrant, Exercise Shares and/or Redemption Shares shall be issued free of all legends. The Company agrees that following the Effective Date or at such time as the Unrestricted Conditions are met or such legend is otherwise no longer required under this Section 2(e2(g), it will, no later than three (3) Trading Days following the delivery (the “Unlegended Shares Delivery Deadline”) by the Holder to the Company or the Transfer Agent Company’s transfer agent of this Warrant and a certificate representing Exercise Shares or Redemption Shares, as applicable, issued with a restrictive legend (such third Trading Day, the “Legend Removal Date”), deliver deliver, or cause the Transfer Agent to be delivered deliver at the Company’s expense, to such Holder this Warrant and/or a certificate (or electronic transfer) representing such shares that is free from all restrictive and other legends. For purposes hereof, “Effective Date” shall mean the date that the Registration Statement that the Company is required to file pursuant to the Registration Rights Agreement or any Shelf Registration Statement pursuant to Section 4(c) below has been declared effective by the SEC.
Appears in 1 contract
Removal of Restrictive Legends. This Warrant, the certificates Certificates evidencing the Exercise Conversion Shares and or Conversion Shares in a Holder’s or its designee’s balance account with DTC (including any Redemption Major Transaction Company Shares), as applicable, shall not contain any legend restricting the transfer thereof (including the legend set forth above in subsection 2(e)(i)): (A) while a registration statement (including a Registration Statement, as defined in the Registration Rights Agreement, or any Shelf Registration Statement with respect to Redemption Shares, as defined in Section 4(c) below) covering the sale or resale of such security the Conversion Shares is effective under the Securities Act, or (B) following any sale of such Warrant, Exercise Shares and/or Redemption Conversion Shares pursuant to Rule 144, or (C) if such Warrant, Exercise Shares and/or Redemption Conversion Shares are eligible for sale under Rule 144(b)(1)(i144(b)(1), or (D) if the holder of the Conversion Shares certifies, on or after the date that is six (6) months after the Funding Date, that such holder is not an “affiliate” of the Company (and has not been an affiliate during the preceding three (3) months) (as defined in Rule 144), or (E) if such legend is not required under applicable requirements of the Securities Act (including judicial interpretations and pronouncements issued by the staff of the SEC) and the Company shall have received an opinion of counsel of Holder to such effect (collectively, the “Unrestricted Conditions”). The Company shall cause its counsel to issue a legal opinion to the Transfer Agent promptly after the date that a registration statement covering the resale of the Conversion Shares has been declared effective by the SEC (the “Effective Date (Date”), or at such other time as defined below) any of the Unrestricted Conditions have been satisfied, if required by the Company’s transfer agent Transfer Agent to effect the issuance of the Exercise Shares or any Redemption Conversion Shares without a restrictive legend or removal of the legend hereunder. If any of the Unrestricted Conditions are met at the time of issuance of this Warrant, Exercise Shares and/or Redemption any of the Conversion Shares, then such Warrant, Exercise Shares and/or Redemption Conversion Shares shall be issued free of all legends. The Company agrees that following the Effective Date or at such time as any of the Unrestricted Conditions are met or such legend is otherwise no longer required under this Section 2(e), it will, no later than three (3) Trading Days following the delivery (the “Unlegended Shares Delivery Deadline”) by the Holder to the Company or the Transfer Agent of this Warrant and a certificate representing Exercise Conversion Shares or Redemption Shares, as applicable, issued with a restrictive legend (such third Trading Day, the “Legend Removal Date”), deliver or cause to be delivered to such Holder this Warrant and/or a certificate (or electronic transfer) representing such shares that is free from all restrictive and other legends. For purposes hereof, “Effective Date” shall mean the date that the Registration Statement that the Company is required to file pursuant to the Registration Rights Agreement or any Shelf Registration Statement pursuant to Section 4(c) below has been declared effective by the SEC.
Appears in 1 contract
Removal of Restrictive Legends. This Warrant, Warrant and the certificates evidencing the Exercise Shares and any Redemption the Failure Payment Shares, as applicable, shall not contain any legend restricting the transfer thereof (including the legend set forth above in subsection 2(e)(i)): (A) while a registration statement (including a Registration Statement, as defined in the Registration Rights Agreement, or any Shelf Registration Statement with respect to Redemption Shares, as defined in Section 4(c) below) covering the sale or resale of such security is effective under the Securities Act, or (B) following any sale of such Warrant, Exercise Shares and/or Redemption Failure Payment Shares pursuant to Rule 144, or (C) if such Warrant, Exercise Shares and/or Redemption Failure Payment Shares are eligible for sale under Rule 144(b)(1)(i144(b)(1), or (D) if such legend is not required under applicable requirements of the Securities Act (including judicial interpretations and pronouncements issued by the staff of the SEC) and the Company shall have received an opinion of counsel of to the Holder in form reasonably acceptable to the Company to such effect which, in the case of a so-called “4(1) and a half transaction” shall be in the form attached hereto as Exhibit C (collectively, the “Unrestricted Conditions”). The Company shall cause its counsel to issue a legal opinion to the Transfer Agent promptly after the Effective Date (as defined below) if required by the Company’s transfer agent Transfer Agent to effect the issuance of this Warrant, the Exercise Shares or any Redemption Shares the Failure Payment Shares, as applicable, without a restrictive legend or removal of the legend hereunder. If the Unrestricted Conditions are met at the time of issuance of this Warrant, the Exercise Shares and/or Redemption or the Failure Payment Shares, then such Warrant, Exercise Shares and/or Redemption Shares or Failure Payment Shares, as applicable, shall be issued free of all legends. The Company agrees that following the Effective Date or at such time as the Unrestricted Conditions are met or such legend is otherwise no longer required under this Section 2(e), it will, no later than three (3) Trading Days following the delivery (the “Unlegended Shares Delivery Deadline”) by the Holder to the Company or the Transfer Agent of this Warrant and a certificate representing Exercise Shares or Redemption and/or Failure Payment Shares, as applicable, issued with a restrictive legend (such third Trading Day, the “Legend Removal Date”), deliver or cause to be delivered to such Holder this Warrant and/or a certificate (or electronic transfer) representing such shares that is free from all restrictive and other legends. For purposes hereof, “Effective Date” shall mean the date that the Registration Statement that the Company is required to file pursuant to the Registration Rights Agreement or any Shelf Registration Statement pursuant to Section 4(c) below has been declared effective by the SEC.
Appears in 1 contract
Samples: Ista Pharmaceuticals Inc
Removal of Restrictive Legends. This WarrantWith respect to any Exercise Shares comprised of shares of Allora Stock (the “Allora Exercise Shares”), the certificates evidencing the such Allora Exercise Shares and any Redemption Shares, as applicable, shall not contain any legend restricting the transfer thereof (including the legend set forth above in subsection 2(e)(i2(g)(i)): (Ai) while a registration statement (including a Registration Statement, Statement as defined in the Registration Rights Agreement, or any Shelf Registration Statement with respect to Redemption Shares, as defined in Section 4(c) below) covering the resale of such security securities is effective under the Securities Act, or (Bii) following any sale of such Warrant, Allora Exercise Shares and/or Redemption Shares pursuant to Rule 144, or (Ciii) if such Warrant, Allora Exercise Shares and/or Redemption Shares are eligible for sale under Rule 144(b)(1)(i144(k), or (Div) if such legend is not required under applicable requirements of the Securities Act (including judicial interpretations and pronouncements issued by the staff of the SECCommission) and the Company shall have received an opinion of counsel of Holder to such effect (collectively, the “Unrestricted Conditions”). The Company Exercise Shares comprised of shares of EPOD Stock (the “EPOD Exercise Shares”) shall contain restrictive legends set forth above (as well as any other legends required pursuant to the remaining Transaction Documents) and shall be transferable by the Holder only pursuant to Rule 144 or another exemption from the registration requirements of the Securities Act or applicable state securities laws. Allora shall cause its counsel to issue a legal opinion to the Transfer Agent promptly after the Effective Date (as defined below) of the Registration Statement if required by the Company’s transfer agent Transfer Agent to effect the issuance of the Allora Exercise Shares or any Redemption Shares without a restrictive legend or removal of the legend hereunder. If the Unrestricted Conditions are met at the time of issuance or resale of this Warrant, Allora Exercise Shares and/or Redemption Shares, then such Warrant, Allora Exercise Shares and/or Redemption Shares shall be issued free of all legends. The Company Allora agrees that following the Effective Date Date, or at such time as the Unrestricted Conditions are met or such legend is otherwise no longer required under this Section 2(e2(g), it will, no later than three (3) Trading Business Days following the delivery (the “Unlegended Shares Delivery Deadline”) by the Holder to the Company Allora or the Transfer Agent of this Warrant and a certificate representing such Allora Exercise Shares or Redemption Shares, as applicable, issued with a restrictive legend (such third Trading Business Day, the “Legend Removal Date”), deliver deliver, or cause the Transfer Agent to be delivered deliver at Allora’s expense, to such Holder this Warrant and/or a certificate (or electronic transfer) representing such shares Allora Exercise Shares that is free from all restrictive and other legends. For purposes hereof, “Effective Date” shall mean the date that the Registration Statement that the Company Allora is required to file pursuant to the Registration Rights Agreement or any Shelf Registration Statement pursuant to Section 4(c) below has been declared effective by the SECSecurities and Exchange Commission (the “Commission”).
Appears in 1 contract
Samples: Allora Minerals, Inc.
Removal of Restrictive Legends. This Warrant, Note and the certificates evidencing the Exercise Conversion Shares and (including any Redemption Major Transaction Company Shares), as applicable, shall not contain any United States legend restricting the transfer thereof (including the United States legend set forth above in subsection 2(e)(i)): (A) while a registration statement (including a Registration Statement, as defined in the Registration Rights Agreement, or any Shelf Registration Statement with respect to Redemption Shares, as defined in Section 4(c) below) covering the sale or resale of such security the Conversion Shares is effective under the Securities Act, or (B) following any sale of such Warrant, Exercise Shares Note and/or Redemption Conversion Shares pursuant to Rule 144, or (C) if such WarrantNote or Conversion Shares, Exercise Shares and/or Redemption Shares as the case may be, are eligible for sale under Rule 144(b)(1)(i144(b)(1), or (D) if such legend is not required under applicable requirements of the Securities Act (including judicial interpretations and pronouncements issued by the staff of the SEC) and the Company shall have received an opinion of counsel of Holder to such effect (collectively, the “Unrestricted Conditions”). The Company shall cause its counsel to issue a legal opinion to the Transfer Agent promptly after the Effective Date (as defined below) ), or at such other time as any of the Unrestricted Conditions have been satisfied, if required by the Company’s transfer agent to effect the issuance of this Note or the Exercise Shares or any Redemption Shares Conversion Shares, as applicable, without a restrictive legend or removal of the legend hereunder. If any of the Unrestricted Conditions are met at the time of issuance of this Warrant, Exercise Shares and/or Redemption any of the Conversion Shares, then such Warrant, Exercise Shares and/or Redemption Conversion Shares shall be issued free of all United States legends. The Company agrees that following the Effective Date or at such time as any of the Unrestricted Conditions are met or such United States legend is otherwise no longer required under this Section 2(e), it will, no later than three five (35) Trading Days following the delivery (the “Unlegended Shares Delivery Deadline”) by the Holder to the Company or the Transfer Agent of this Warrant Note and a certificate representing Exercise Shares or Redemption Conversion Shares, as applicable, issued with a restrictive United States legend (such third Trading Day, the “Legend Removal Date”), deliver or cause to be delivered to such Holder this Warrant Note and/or a certificate (or electronic transfer) representing such shares that is free from all restrictive and other United States legends. For purposes hereof, “Effective Date” shall mean the date that the Registration Statement that the Company is required to file pursuant to the Registration Rights Agreement or any Shelf Registration Statement pursuant to Section 4(c) below has been declared effective by the SEC.. The Canadian law securities legend shall be removed promptly following ________, 2016. [INSERT DATE THAT IS 4 MONTHS AND A DAY AFTER THE ISSUANCE DATE]
Appears in 1 contract
Samples: Registration Rights Agreement (Tribute Pharmaceuticals Canada Inc.)
Removal of Restrictive Legends. This Warrant, Warrant and the certificates (or electronic book entries, if applicable) evidencing the Exercise Shares and any Redemption Shares, as applicable, shall not contain or be subject to any legend restricting the transfer thereof (including the legend set forth above in subsection 2(e)(i)): ) or be subject to any stop-transfer instructions: (A) while a registration statement (including a Registration Statement, as defined in the Registration Rights Agreement, or any Shelf Registration Statement with respect to Redemption Shares, as defined in Section 4(c) below) covering the resale of such security is effective under the Securities Act, or (B) following any sale of such Warrant, Warrant and/or Exercise Shares and/or Redemption Shares pursuant to Rule 144, or (C) if such Warrant, Warrant and/or Exercise Shares and/or Redemption Shares are eligible for sale under Rule 144(b)(1)(i144(b)(1), or (D) if such legend is not required under applicable requirements of the Securities Act (including judicial interpretations and pronouncements issued by the staff of the SEC) and the Company shall have received an opinion of counsel of Holder to such effect (collectively, the “Unrestricted Conditions”). The Company shall cause its counsel to issue a legal opinion to the Transfer Agent promptly after the Effective Date (Date, or at such other time as defined below) any of the Unrestricted Conditions have been met, if required by the Company’s transfer agent Transfer Agent to effect the issuance of this Warrant and/or the Exercise Shares or any Redemption Shares Shares, as applicable, without a restrictive legend or removal of the legend hereunder. If any of the Unrestricted Conditions with respect to this Warrant or the Exercise Shares are met at the time of issuance of this WarrantWarrant or the Exercise Shares, Exercise Shares and/or Redemption Sharesas applicable, then such WarrantWarrant or Exercise Shares, Exercise Shares and/or Redemption Shares as applicable, shall be issued free of all legendslegends and stop-transfer instructions. The Company agrees that following the Effective Date Date, or at such time as the Unrestricted Conditions are met or such legend is otherwise no longer required under this Section 2(e), it will, no later than the earlier of (x) three (3) Trading Days and (y) the number of Trading Days comprising the Standard Settlement Period following the delivery (the “Unlegended Shares Delivery Deadline”) by the Holder to the Company or the Transfer Agent of this Warrant and a certificate representing Exercise Shares or Redemption Shares, as applicable, issued with a restrictive legend (such third Trading Day, the “Legend Removal Date”), deliver or cause to be delivered to such Holder this Warrant and/or a certificate (or electronic transfer) representing such shares that is free from all restrictive and other legendslegends (or similar notations). For purposes hereof, “Effective Date” shall mean the date that the first Registration Statement that the Company is required to file pursuant to the Registration Rights Agreement or any Shelf Registration Statement pursuant to Section 4(c) below has been declared effective by the SEC.
Appears in 1 contract
Samples: Nuo Therapeutics, Inc.
Removal of Restrictive Legends. This Warrant, the certificates evidencing Warrant and the Exercise Shares and any Redemption the Failure Payment Shares, as applicable, shall not contain or be subject to (and the Holder shall be entitled to removal of) any legend restricting the transfer thereof (including the legend set forth above in subsection 2(e)(i)): ) and shall not be subject to any stop-transfer instructions: (A) while a registration statement (including a Registration Statement, as defined in the Registration Rights Agreement, or any Shelf Registration Statement with respect to Redemption Shares, as defined in Section 4(c) below) covering the sale or resale of such security is effective under the Securities Act, or (B) upon request by the Holder, following any sale of such Warrant, Exercise Shares and/or Redemption Failure Payment Shares pursuant to Rule 144, 144 as set forth in customary non-affiliate certifications provided by the Holder or (C) if such Warrant, Exercise Shares and/or Redemption Failure Payment Shares are eligible for sale under Rule 144(b)(1)(i144(b)(1), or (D) at any time on or after the date hereof that the Holder certifies in writing to the Company that (1) it is not an “affiliate” of the Company (as such term is used under Rule 144 pursuant to the Securities Act) and (2) the Holder’s holding period for purposes of Rule 144 and subsection (d)(3)(iii) thereof with respect to such Warrant, Exercise Shares and/or Failure Payment Shares has been at least six months, or (E) if such legend is not required under applicable requirements of the Securities Act (including judicial interpretations and pronouncements issued by the staff of the SEC) and the Company shall have received an opinion of counsel of Holder to such effect (collectively, the “Unrestricted Conditions”). The Company shall cause its counsel to issue deliver a legal opinion to the Transfer Agent promptly after the Effective Date (as defined below) ), or at such other time as any of the Unrestricted Conditions have been met, if required by the Company’s transfer agent Transfer Agent to effect the issuance of this Warrant or the applicable Exercise Shares or any Redemption Shares the Failure Payment Shares, as applicable, without a restrictive legend or removal of the legend hereunderhereunder to the extent required or requested as set forth in the immediately following two sentences. If any of the Unrestricted Conditions are met at the time of issuance of this Warrant, the Exercise Shares and/or Redemption Shares, then such Warrant, Exercise Shares and/or Redemption Shares shall be issued free of all legends. The Company agrees that following the Effective Date or at such time as the Unrestricted Conditions are met or such legend is otherwise no longer required under this Section 2(e), it will, no later than three (3) Trading Days following the delivery (the “Unlegended Shares Delivery Deadline”) by the Holder to the Company or the Transfer Agent of this Warrant and a certificate representing Exercise Shares or Redemption Shares, as applicable, issued with a restrictive legend (such third Trading Day, the “Legend Removal Date”), deliver or cause to be delivered to such Holder this Warrant and/or a certificate (or electronic transfer) representing such shares that is free from all restrictive and other legends. For purposes hereof, “Effective Date” shall mean the date that the Registration Statement that the Company is required to file pursuant to the Registration Rights Agreement or any Shelf Registration Statement pursuant to Section 4(c) below has been declared effective by the SEC.or
Appears in 1 contract