Securities Laws Restrictions on Transfer. Neither the Note or the Note Conversion Shares shall be sold or transferred unless either (a) they first shall have been registered under the Securities Act or (b) the Company shall have been furnished with an opinion of legal counsel, reasonably satisfactory to the Company, to the effect that such a transfer is exempt from the registration requirements of the Securities Act.
Appears in 2 contracts
Samples: Loan Agreement (Alpharma Inc), Loan Agreement (Ascent Pediatrics Inc)
Securities Laws Restrictions on Transfer. Neither the The Note or the Note Conversion Shares shall not be sold or transferred unless either (a) they first shall have been registered under the Securities Act or (b) the Company shall have been furnished with an opinion of legal counsel, reasonably satisfactory to the Company, to the effect that such a transfer is exempt from the registration requirements of the Securities Act.. 9.2
Appears in 1 contract
Securities Laws Restrictions on Transfer. Neither the The Note or the Note Conversion Shares shall not be sold or transferred unless either (a) they first shall have been registered under the Securities Act or (b) the Company shall have been furnished with an opinion of legal counsel, reasonably satisfactory to the Company, to the effect that such a transfer is exempt from the registration requirements of the Securities Act.
Appears in 1 contract
Samples: Loan Agreement (Alpharma Inc)
