Securities Act Restrictions. Notwithstanding anything to the contrary in this Agreement, the Investor shall not Transfer any of the Shares unless and until (a) the Company has received an opinion of counsel reasonably satisfactory to it that the Shares may be sold pursuant to an exemption from registration under the Securities Act, the availability of which is established to the reasonable satisfaction of the Company, or (b) a registration statement relating to the Shares has been filed by the Company and declared effective by the SEC.
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Samples: Q2 2019 Stock Purchase Agreement (India Globalization Capital, Inc.), Q4 2016 Stock Purchase Agreement (India Globalization Capital, Inc.), Q4 2016 Stock Purchase Agreement (India Globalization Capital, Inc.)
Securities Act Restrictions. Notwithstanding anything to the contrary in this Agreement, the Investor shall not Transfer any of the Shares unless and until (a) the Company has received an opinion of counsel reasonably satisfactory to it that the Shares may be sold pursuant to an exemption from registration under the Securities Act, the availability of which is established to the reasonable satisfaction of the Company, or (b) a registration statement relating to the Shares has been filed by the Company and declared effective by the SEC.
Appears in 2 contracts
Samples: Share Purchase Agreement (IGC Pharma, Inc.), Form of Share Purchase Agreement (IGC Pharma, Inc.)
Securities Act Restrictions. Notwithstanding anything to the contrary in this Agreement, the no Investor shall not Transfer any of the Shares unless and until (a) the Company has received an opinion of counsel reasonably satisfactory to it that the Shares may be sold pursuant to an exemption from registration under the Securities Act, the availability of which is established to the reasonable satisfaction of the Company, provided that prior to an IPO, any transferee of an Investor must be reasonably satisfactory to the Board of Directors of the Company, or (b) a registration statement relating to the Shares has been filed by the Company and declared effective by the SEC.
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Samples: Stock Purchase Agreement (Lombardia Acquisition Corp)
Securities Act Restrictions. Notwithstanding anything to the contrary in this Agreement, the Investor shall may not Transfer any of the Notes or Conversion Shares unless and until (a) the Company has received an opinion of counsel reasonably satisfactory to it that the Notes or Conversion Shares may be sold pursuant to an exemption from registration under the Securities Act, the availability of which is established to the reasonable satisfaction of the Company, Company or (b) a registration statement relating to the Shares has been filed by the Company and declared effective by the SEC.
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Securities Act Restrictions. Notwithstanding anything to the contrary in this Agreement, the Investor shall may not Transfer any of the Shares Stock unless and until (a) the Company has received an opinion of counsel reasonably satisfactory to it that the Shares Stock may be sold pursuant to an exemption from registration under the Securities Act, the availability of which is established to the reasonable satisfaction of the Company, Company or (b) a registration statement relating to the Shares Stock has been filed by the Company and declared effective by the SEC.
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