Common use of Transfer of Restrictions Clause in Contracts

Transfer of Restrictions. The Securities may not be transferred except to an Affiliate or in a transaction which is in compliance with the Securities Act and applicable state securities laws. Except as hereinafter provided with respect to registration of the Securities, it shall be a condition to any such transfer that the Company shall be furnished with an opinion of counsel to the holder of such securities, satisfactory to the Company, to the effect that the proposed transfer would be in compliance with the Securities Act and applicable state securities laws and that such transfer would not cause the loss of the exemption from such registration relied upon by the Company originally selling the securities to Purchaser.

Transfer of Restrictions. The Securities may not be transferred except to an Affiliate or in a transaction which is in compliance with the Securities Act and applicable state securities laws. Except as hereinafter provided with respect to registration of the Securities, it shall be a condition to any such transfer that the Company shall be furnished with an opinion of counsel to the holder of such securitiesSecurities, satisfactory to the Company, to the effect that the proposed transfer would be in compliance with the Securities Act and applicable state securities laws and that such transfer would not cause the loss of the exemption from such registration relied upon by the Company originally selling the securities to Purchaseryou.

Transfer of Restrictions. The Securities may not be transferred except to an Affiliate or in a transaction which is in compliance with the Securities Act and applicable state securities laws. Except as hereinafter provided with respect to registration of the Securities, it shall be a condition to any such transfer that the Company shall be furnished with an opinion of counsel to the holder of such securitiesSecurities, satisfactory to the Company, to the effect that the proposed transfer would be in compliance with the Securities Act and applicable state securities laws and that such transfer would not cause the loss of the exemption from such registration relied upon by the Company originally selling the securities to Purchaseryou.