Common use of Sale or Transfer of Shares; Legend Clause in Contracts

Sale or Transfer of Shares; Legend. (a) The Registrable Shares shall not be sold or transferred unless either (i) they first shall have been registered under the Securities Act, or (ii) the Company first shall have been furnished with an opinion of legal counsel, reasonably satisfactory to the Company, to the effect that such sale or transfer is exempt from the registration requirements of the Securities Act.

Appears in 3 contracts

Samples: Registration Rights Agreement (Jeanty Roger O), Registration Rights Agreement (Lionbridge Technologies Inc /De/), Rights Agreement (Autocyte Inc)

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Sale or Transfer of Shares; Legend. (a) 14.38.1 The Registrable Shares Securities shall not be sold or transferred unless either (i) they such shares first shall have been registered under the Securities Act, or (ii) the transfer complies with Rule 144, Rule 144A or an exemption from registration under the Act, provided that, if requested by the Company, the Company first shall have been first furnished with an opinion of legal counsel, reasonably satisfactory to the Company, to the effect that such sale or transfer is exempt from the registration requirements of the Securities Act.

Appears in 2 contracts

Samples: Collaborative Research and License Agreement (Archemix Corp.), Collaborative Research and License Agreement (Nitromed Inc)

Sale or Transfer of Shares; Legend. (a) The Registrable Shares and shares issued in respect of the Registrable Shares shall not be sold or transferred unless either (i) they first shall have been registered under the Securities Act, or (ii) the Company first shall have been furnished with an opinion of legal counsel, reasonably satisfactory to the Company, to the effect that such sale or transfer is exempt from the registration requirements of the Securities Act.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Regeneration Technologies Inc), Asset Purchase Agreement (Regeneration Technologies Inc)

Sale or Transfer of Shares; Legend. (a) The Registrable Shares and the Registrable Common Shares shall not be sold or transferred unless either (i) they first shall have been registered under the Securities Act, or (ii) the Company first shall have been furnished with an opinion of legal counsel, reasonably satisfactory to the Company, to the effect that such sale or transfer is exempt from the registration requirements of the Securities Act.

Appears in 1 contract

Samples: Registration Rights Agreement (Lionbridge Technologies Inc /De/)

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Sale or Transfer of Shares; Legend. (a) The Shares and the Registrable Shares Securities shall not be sold or transferred unless either (i) they first shall have been registered under the Securities Act, or (ii) the Company first shall have been furnished with an opinion of legal counsel, reasonably satisfactory to the Company, to the effect that such sale or transfer is exempt from the registration requirements of the Securities Act.

Appears in 1 contract

Samples: NBC Lddi Alliance Agreement (Long Distance Direct Holdings Inc)

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