TERMINATION OF SECURITIES LAWS RESTRICTIONS. The legend requirements of Section 1.6 shall terminate as to any particular Warrant or Warrant Shares when the Company shall have received from the Holder thereof an opinion of counsel reasonably acceptable to the Company to the effect that such legend is not required in order to ensure compliance with the Securities Act. Whenever the restrictions imposed by this Agreement shall terminate as to the Warrants, as hereinabove provided, the Holder hereof shall be entitled to receive from the Company, at the expense of the Company, a new Warrant or Warrant Shares bearing no legends.
Appears in 3 contracts
Samples: Warrant Agreement (Mai Systems Corp), Warrant Agreement (Mai Systems Corp), Warrant Agreement (Uti Energy Corp)
TERMINATION OF SECURITIES LAWS RESTRICTIONS. The legend requirements require ments of Section 1.6 shall terminate as to any particular Warrant or Warrant Shares when the Company shall have received from the Holder thereof an opinion of counsel reasonably acceptable to the Company to the effect that such legend is not required in order to ensure compliance with the Securities Act. Whenever the restrictions imposed by this Agreement shall terminate as to the Warrants, as hereinabove provided, the Holder hereof shall be entitled to receive from the Company, at the expense of the Company, a new Warrant or Warrant Shares bearing no legends.
Appears in 1 contract
Samples: Warrant Agreement (Canpartners Inc)
