Common use of Termination of Conditions and Obligations Clause in Contracts

Termination of Conditions and Obligations. The restrictions imposed by this Section 1 upon the transferability of the Shares shall cease and terminate as to any particular number of the Shares upon [***] or at such time as an opinion of counsel satisfactory in form and substance to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

Appears in 2 contracts

Samples: Oem Agreement (Utstarcom Inc), Oem Agreement (Interwave Communications International LTD)

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Termination of Conditions and Obligations. The restrictions imposed by this Section 1 upon the transferability of the Shares shall cease and terminate as to any particular number of the Shares upon [***] or at such time as an opinion of counsel satisfactory in form and substance to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

Appears in 1 contract

Samples: Stock Purchase Agreement (Advanced Tissue Sciences Inc)

Termination of Conditions and Obligations. The restrictions ------------------------------------------- imposed by Section 5 or this Section 1 7 upon the transferability of the Shares shall cease and terminate as to any particular number of the Shares upon [***] on the date all such Shares are eligible for sale under Rule 144(k) or at such time as an opinion of counsel satisfactory in form and substance to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

Appears in 1 contract

Samples: Purchase Agreement (Lifecell Corp)

Termination of Conditions and Obligations. The restrictions imposed by this Section 1 upon the transferability of the Shares shall cease and terminate as to any particular number of the Shares upon [***] or at such time as an opinion of counsel satisfactory in form and substance to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

Appears in 1 contract

Samples: Stock Purchase Agreement (Advanced Tissue Sciences Inc)

Termination of Conditions and Obligations. The restrictions ----------------------------------------- imposed by this Section 1 7 upon the transferability of the Shares shall cease and terminate as to any particular number of the Shares upon [***] the passage of two years from the Closing Date or at such time as an opinion of counsel satisfactory in form and substance to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

Appears in 1 contract

Samples: Purchase Agreement (Energy Conversion Devices Inc)

Termination of Conditions and Obligations. The restrictions ----------------------------------------- imposed by Section 5 or this Section 1 7 upon the transferability of the Shares shall cease and terminate as to any particular number of the Shares upon [***] the passage of twenty-four months from the effective date of the Registration Statement covering such Shares or at such time as an opinion of counsel satisfactory in form and substance to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

Appears in 1 contract

Samples: Purchase Agreement (Curis Inc)

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Termination of Conditions and Obligations. The restrictions imposed by Section 5 or this Section 1 7 upon the transferability of the Shares shall cease and terminate as to any particular number of the Shares upon [***] the passage of two years from the acquisition of the Shares or at such time as an opinion of counsel satisfactory in form and substance to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

Appears in 1 contract

Samples: Share Purchase Agreement (Neorx Corp)

Termination of Conditions and Obligations. The restrictions imposed ----------------------------------------- by Section 5 or this Section 1 7 upon the transferability of the Shares shall cease and terminate as to any particular number of the Shares upon [***] on the date all such Shares are eligible for sale under Rule 144(k) or at such time as an opinion of counsel satisfactory in form and substance to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

Appears in 1 contract

Samples: Purchase Agreement (NPS Pharmaceuticals Inc)

Termination of Conditions and Obligations. The restrictions imposed by Section 5 or this Section 1 7 upon the transferability of the Common Shares shall cease and terminate as to any particular number of the Common Shares upon [***] the passage of two years from the Closing Date or at such time as an opinion of counsel satisfactory in form and substance to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

Appears in 1 contract

Samples: Share Purchase Agreement (Datatrak International Inc)

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