Common use of Status of Transaction Units; Disposition Clause in Contracts

Status of Transaction Units; Disposition. (a) Seller acknowledges that no registration statement relating to the Transaction Units has been filed under the Securities Act or any state securities law and that, consequently, the Transaction Units are “restricted securities” within the meaning of Rule 144 under the Securities Act, may not be sold, pledged, hypothecated or otherwise transferred (and, therefore, must be held by Sellers) unless the Shares subsequently are registered under the Securities Act and such state laws or unless an exemption from such registration requirements is available.

Status of Transaction Units; Disposition. (ai) Seller acknowledges that no registration statement relating to the Transaction Units has been filed under the Securities Act or any state securities law and that, consequently, the Transaction Units are “restricted securities” within the meaning of Rule 144 under the Securities Act, and may not be sold, pledged, hypothecated or otherwise transferred (and, therefore, must be held by SellersSeller) unless the Shares Transaction Units subsequently are registered under the Securities Act and such state laws or unless an exemption from such registration requirements is available.

Status of Transaction Units; Disposition. (a) Seller ASC acknowledges that no registration statement relating to the Transaction Units has been filed under the Securities Act or any state securities law and that, consequently, the Transaction Units are “restricted securities” within the meaning of Rule 144 under the Securities Act, may not be sold, pledged, hypothecated or otherwise transferred (and, therefore, must be held by SellersASC) unless the Shares Transaction Units subsequently are registered under the Securities Act and such state laws or unless until an exemption from such registration requirements is available.

Status of Transaction Units; Disposition. (a) Seller Such Member acknowledges that no registration statement relating to the Transaction Units has been filed under the Securities Act or any state securities law and that, consequently, the Transaction Units are “restricted securities” within the meaning of Rule 144 under the Securities Act, may not be sold, pledged, hypothecated or otherwise transferred (and, therefore, must be held by Sellerssuch Member) unless the Shares Transaction Units subsequently are registered under the Securities Act and such state laws or unless until an exemption from such registration requirements is available.