Common use of Termination of 1933 Act Legend Clause in Contracts

Termination of 1933 Act Legend. The requirement imposed by Section 9.2 shall cease and terminate as to any particular Shares (i) when, in the opinion of counsel reasonably acceptable to the Company, such legend is no longer required in order to assure compliance by the Company with the Securities Act or (ii) when such Shares have been effectively registered under the Securities Act or transferred pursuant to Rule 144. Wherever such requirement shall cease and terminate as to any Shares, then the holder thereof shall be entitled to receive from the Company, as the case may be, without expense, new certificates not bearing the legend set forth in Section 9.2.

Appears in 4 contracts

Samples: Stockholders Agreement (Ares Corporate Opportunities Fund II, L.P.), Stockholders Agreement (Stream Global Services, Inc.), Stockholders Agreement (Ares Corporate Opportunities Fund II, L.P.)

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Termination of 1933 Act Legend. The requirement imposed by Section 9.2 5.2 hereof shall cease and terminate as to any particular Shares (ia) when, in the opinion of counsel reasonably acceptable to the Company, such legend is no longer required in order to assure compliance by the Company with the Securities Act or (iib) when such Shares have been effectively registered under the Securities Act or transferred pursuant to Rule 144. Wherever (x) such requirement shall cease and terminate as to any SharesShares or (y) such Shares shall be transferable under paragraph (b)(1) of Rule 144, then the holder thereof shall be entitled to receive from the Company, as the case may be, without expense, new certificates not bearing the legend set forth in Section 9.25.2 hereof.

Appears in 2 contracts

Samples: Investors’ Rights Agreement (Isc8 Inc. /De), Stockholders Agreement (Irvine Sensors Corp/De/)

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Termination of 1933 Act Legend. The requirement imposed by Section 9.2 7.2 hereof shall cease and terminate as to any particular Shares (ia) when, in the opinion of counsel reasonably acceptable to the Company, such legend is no longer required in order to assure compliance by the Company with the Securities Act or (iib) when such Shares have been effectively registered under the Securities Act or transferred pursuant to Rule 144. Wherever (x) such requirement shall cease and terminate as to any SharesShares or (y) such Shares shall be transferable under paragraph (b)(1) of Rule 144, then the holder thereof shall be entitled to receive from the Company, as the case may be, without expense, new certificates not bearing the legend set forth in Section 9.27.2 hereof.

Appears in 1 contract

Samples: Stockholders Agreement (Triple Crown Media, Inc.)

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