Common use of Shares Sold Pursuant to a Registration Statement Clause in Contracts

Shares Sold Pursuant to a Registration Statement. The Common Shares to be sold to the Investor will be made pursuant to an effective registration statement and the Common Shares will be free of all legends. If at any time following the date hereof the Registration Statement is not effective or is not otherwise available for the sale of the Investor Shares, the Company shall immediately notify the holders of the Investor Shares in writing that such Registration Statement is not then effective and thereafter shall promptly notify such holders when the Registration Statement is effective again and available for the resale of the Investor Shares (it being understood and agreed that the foregoing shall not limit the ability of the Company to issue, or the Investor to sell, any of the Investor Shares in compliance with applicable federal and state securities laws).

Appears in 6 contracts

Samples: Subscription Agreement, Subscription Agreement (Tanzanian Gold Corp), Subscription Agreement (Tanzanian Royalty Exploration Corp)

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Shares Sold Pursuant to a Registration Statement. The Common Shares to be sold to If all or any portion of the Investor will be made pursuant to Shares are sold at a time when there is an effective registration statement and to cover the Common Shares will resale of the Investor Shares, the Investor shall be issued free of all legends. If at any time following the date hereof the Registration Statement is not effective or is not otherwise available for the sale or resale of the Investor Shares, the Company shall immediately notify the holders of the Investor Shares in writing that such Registration Statement is not then effective and thereafter shall promptly notify such holders when the Registration Statement is effective again and available for the resale of the Investor Shares (it being understood and agreed that the foregoing shall not limit the ability of the Company to issue, or the Investor to sell, any of the Investor Shares in compliance with applicable federal and state securities laws).

Appears in 2 contracts

Samples: Subscription Agreement (Digital Power Corp), Subscription Agreement (Digital Power Corp)

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