Termination of Conditions and Obligations. The restrictions imposed by Section 4 or this Section 6 upon the transferability of the Securities shall cease and terminate as to any particular number of the Securities 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 4 contracts
Samples: Securities Purchase Agreement (Rita Medical Systems Inc), Securities Purchase Agreement (Rita Medical Systems Inc), Securities Purchase Agreement (Alpha Innotech Corp)
Termination of Conditions and Obligations. The restrictions imposed by Section 4 5 or this Section 6 7 upon the transferability of the Securities shall cease and terminate as to any particular number of the Securities (including the Warrant Shares) upon the passage of two years from the Closing Date effective date of the Registration Statement covering such Securities 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 4 contracts
Samples: Securities Purchase Agreement (Prospect Venture Partners III L P), Purchase Agreement (Ovation Products Corp), Securities Purchase Agreement (Critical Therapeutics Inc)
Termination of Conditions and Obligations. The restrictions imposed by Section 4 or this Section 6 upon the transferability of the Securities Warrant Shares shall cease and terminate as to any particular number of the Securities Warrant Shares upon the passage of two years from the Closing Date effective date of the Registration Statement covering the Warrant 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 2 contracts
Samples: Share Purchase Agreement (Lecroy Corp), Placement Agent Agreement (Lecroy Corp)
Termination of Conditions and Obligations. The restrictions conditions precedent imposed by Section 4 4.4 or this Section 6 6.2 upon the transferability of the Securities Shares shall cease and terminate as to any particular number of the Securities upon the passage of two years twenty-four months 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
Termination of Conditions and Obligations. The restrictions imposed by Section 4 5 or this Section 6 7 upon the transferability of the Securities shall cease and terminate as to any particular number of the Securities upon the passage of two years from the Closing Date effective date of the Registration Statement covering the Securities 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
Termination of Conditions and Obligations. The restrictions imposed by Section 4 5 or this Section 6 7 upon the transferability of the Registrable Securities shall cease and terminate as to any particular number of the Securities Shares upon the passage of two years twenty-four months from the Closing Date 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
Termination of Conditions and Obligations. The restrictions conditions precedent imposed by Section 4 5.10 or this Section 6 7.2 upon the transferability of the Securities securities purchased pursuant to this Agreement shall cease and terminate as to any particular number of securities upon the Securities upon earlier of (i) the passage of two years from the Closing Date or effective date of the Registration Statement and (ii) 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 (Precision Optics Corporation Inc)
Termination of Conditions and Obligations. The restrictions conditions precedent imposed by Section 4 5.9 or this Section 6 7.2 upon the transferability of the Securities securities purchased pursuant to this Agreement shall cease and terminate as to any particular number of securities upon the Securities upon earlier of (i) the passage of two years from the Closing Date or effective date of the Registration Statement and (ii) 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
Termination of Conditions and Obligations. The restrictions imposed by Section 4 6 or this Section 6 8 upon the transferability of the Securities Shares shall cease and terminate as to any particular number of the Securities Shares upon the passage of two years twenty-four (24) months 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
Termination of Conditions and Obligations. The restrictions imposed by Section 4 5.9 or this Section 6 7.2 upon the transferability of the Securities shall cease and terminate as to any particular number of the Securities upon the earlier of (i) the passage of two years one year from the Closing Date or effective date of the Registration Statement covering such Securities and (ii) 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
Termination of Conditions and Obligations. The restrictions imposed by Section 4 5 (other than Section 5.2(a), (b) and (d)) or this Section 6 7 upon the transferability of the Securities Shares shall cease and terminate as to any particular number of the Securities upon the passage of two years from the Closing Date date of original issuance thereof 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: Series I Preferred Stock Purchase Agreement (Exabyte Corp /De/)
Termination of Conditions and Obligations. The restrictions imposed by Section 4 5.6 or this Section 6 7.2 upon the transferability of the Securities Shares shall cease and terminate as to any particular number of the Securities Shares upon the earlier of (i) the passage of two years one (1) year from the Closing Date or and (ii) 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
