Common use of Restrictions on Transfer Registration Rights Clause in Contracts

Restrictions on Transfer Registration Rights. (a) There shall be no transfer of Warrants except as permitted pursuant to Section 1.3 hereof. If any Holder proposes to sell or otherwise transfer any Shares, and if such Shares are not then registered for resale pursuant to an effective registration statement under the Act, the Holder proposing to make such transfer shall give written notice to the Company describing briefly the manner in which any such proposed transfer is to be made; and no such transfer shall be made unless the Company shall notify such Holder that in the opinion of Company's counsel, registration under the Act is not required with respect to such transfer.

Restrictions on Transfer Registration Rights. (a) There shall be no transfer transfers of Warrants except as permitted pursuant to Section 1.3 hereof. If any Holder Warrantholder proposes to sell or otherwise transfer any Shares, and if such Shares are not then registered for resale pursuant to an effective registration statement under the Act, the Holder Warrantholder proposing to make such transfer shall give written notice to the Company describing briefly the manner in which any such proposed transfer is to be made; and no such transfer shall be made unless the Company shall notify such Holder Warrantholder that in the opinion of Company's counselcounsel reasonably satisfactory to such Warrantholder, registration under the Act is not required with respect to such transfer.

Restrictions on Transfer Registration Rights. (a) There shall be no transfer of Warrants except as permitted pursuant to Section 1.3 hereof. If any The Warrant Holder agrees and undertakes that if it proposes to sell or otherwise transfer any Shares, Warrants or Shares and if such Warrants or Shares are not then registered for resale pursuant to an effective registration statement under the Act, the Holder Warrantholder proposing to make such transfer shall give written notice to the Company describing briefly the manner in which any such proposed transfer is to be made; and no such transfer shall be made unless the Company shall notify such Holder Warrantholder that in the opinion of Company's counselcounsel reasonably satisfactory to such Warrantholder, registration under the Act is not required with respect to such transfer.