Common use of Termination of Registration Obligations Clause in Contracts

Termination of Registration Obligations. The obligations of the --------------------------------------- Company set forth in Section 10.1 shall cease and terminate as to the Shares on the date on which all Shares (i) are eligible for sale during any three-month period without restriction under Rule 144, (ii) have been effectively registered under the Securities Act and sold or otherwise disposed of by the Purchaser in accordance with the intended method of disposition set forth in the Registration Statement or (iii) the Company receives an opinion of counsel satisfactory in form and substance to the Company to the effect that such conditions are not necessary in order for a transfer of Shares to comply with the Securities Act.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Read Rite Corp /De/), Stock Purchase Agreement (Read Rite Corp /De/)

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Termination of Registration Obligations. The obligations of the --------------------------------------- Company set forth in Section 10.1 shall cease and terminate as to the Purchaser's Shares on the date on which all Shares (i) all such Shares are eligible for sale during any three-month period without restriction under Rule 144, (ii) all such Shares have been effectively registered under the Securities Act and sold or otherwise disposed of by the Purchaser in accordance with the intended method of disposition set forth in the Registration Statement or (iii) the Company receives an opinion of counsel satisfactory in form and substance to the Company to the effect that such conditions are not necessary in order for a transfer of such Shares to comply with the Securities Act.

Appears in 1 contract

Samples: Stock Purchase Agreement (Fusion Medical Technologies Inc)

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Termination of Registration Obligations. The obligations of the --------------------------------------- Company set forth in Section 10.1 shall cease and terminate as to the Shares on the date on which all Shares (i) are eligible for sale during any three-month period without restriction under Rule 144, (ii) have been effectively registered under the Securities Act and sold or otherwise disposed of by the Purchaser in accordance with the intended method of disposition set forth in the Registration Statement or (iii) the Company receives an opinion of counsel satisfactory in form and substance to the Company to the effect that such conditions are not necessary in order for a transfer of Shares to comply with the Securities Act.

Appears in 1 contract

Samples: Stock Purchase Agreement (Read Rite Corp /De/)

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