Common use of Termination of Restrictions and Removal of Legend Clause in Contracts

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 M Shares and the Common Stock issuable upon conversion of the Series M 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(b) states that all future transfers of such securities by the TRANSFEROR OR THE CONTEMPLATED transferee would be exempt from registration under the Act. When the restrictions on transfer contained in this Section 4.2 have terminated as provided above, the holder of the securities as to which such restrictions shall have terminated or the transferee of such holder shall be entitled to receive promptly from the Company, without expense to him, new certificates not bearing the legends set forth in Section 4.2.1 hereof.

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 M B Shares and the Common Stock issuable upon conversion of the Series M 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(b) states that all future transfers of such securities by the TRANSFEROR OR THE CONTEMPLATED transferor or the contemplated transferee would be exempt from registration under the Act. When the restrictions on transfer contained in this Section 4.2 have terminated as provided above, the holder of the securities as to which such restrictions shall have terminated or the transferee of such holder shall be entitled to receive promptly from the Company, without expense to him, new certificates not bearing the legends set forth in Section 4.2.1 hereof.

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 M Shares and the Common Stock issuable upon conversion of the Series M 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(b4.2.2 (b) states that all future transfers of such securities by the TRANSFEROR OR THE CONTEMPLATED transferor or the contemplated transferee would be exempt from registration under the Act. When the restrictions on transfer contained in this Section 4.2 have terminated as provided above, the holder of the securities as to which such restrictions shall have terminated or the transferee of such holder shall be entitled to receive promptly from the Company, without expense to him, new certificates not bearing the legends set forth in Section 4.2.1 hereof.

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 M Shares and the Common Stock issuable upon conversion of the Series M SharesWarrants, 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 or other evidence as described in Section 4.2.2(a4.2.(b)(i) or a "“no action" ” letter described in Section 4.2.2(b4.2.(b)(ii) states that all future transfers of such securities by the TRANSFEROR OR THE CONTEMPLATED transferor or the contemplated transferee would be exempt from registration under the Act, or (iii) such securities may be sold under and in accordance with Rule 144(k) promulgated by the Commission under the Act. When the restrictions on transfer contained in this Section 4.2 have terminated as provided above, the holder of the securities as to which such restrictions shall have terminated or the transferee of such holder shall be entitled to receive promptly from the Company, without expense to him, and upon surrender of existing certificates, new certificates not bearing the legends legend set forth in Section 4.2.1 4.2(a) hereof.

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 M Shares and the Common Stock issuable upon conversion of the Series M 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 or other evidence as described in Section 4.2.2(a4.2.(b)(i) or a "no action" letter described in Section 4.2.2(b4.2.(b)(ii) states that all future transfers of such securities by the TRANSFEROR OR THE CONTEMPLATED transferor or the contemplated transferee would be exempt from registration under the Act, or (iii) such securities may be sold under and in accordance with Rule 144(k) promulgated by the Commission under the Act. When the restrictions on transfer contained in this Section 4.2 have terminated as provided above, the holder of the securities as to which such restrictions shall have terminated or the transferee of such holder shall be entitled to receive promptly from the Company, without expense to him, and upon surrender of existing certificates, new certificates not bearing the legends legend set forth in Section 4.2.1 4.2(a) hereof.