Termination of Restrictions and Removal of Legend. The restrictions on transfer imposed by this Section 4.2 shall cease and terminate as to the Series B Shares and the Common Stock issuable upon conversion of the Series B Shares, when (i) such securities (as applicable) shall have been effectively registered under the Act and sold by the holder thereof in accordance with such registration, or (ii) an acceptable opinion as described in Section 4.2.2(a) or a "no action" letter described in Section 4.2.2
Appears in 2 contracts
Samples: Series B Preferred Stock Purchase Agreement (Genomic Solutions Inc), Series B Preferred Stock Purchase Agreement (Genomic Solutions Inc)
Termination of Restrictions and Removal of Legend. The -------------------------------------------------- restrictions on transfer imposed by this Section 4.2 shall cease and terminate as to the Series B Shares and the Common Stock issuable upon conversion of the Series B Shares, when (i) such securities (as applicable) shall have been effectively registered under the Act and sold by the holder thereof in accordance with such registration, or (ii) an acceptable opinion as described in Section 4.2.2(a4.2.2 (a) or a "no action" letter described in Section 4.2.2
Appears in 2 contracts
Samples: Stock Purchase and Advertising Agreement (Coolsavings Com Inc), Stock Purchase and Advertising Agreement (Coolsavings Com Inc)
