Common use of Transfer of Shares After Registration Clause in Contracts

Transfer of Shares After Registration. Each Purchaser hereby covenants with the Company not to make any sale of the Shares except either (i) in accordance with the Registration Statement, in which case such Purchaser covenants to comply with the requirement of delivering a current prospectus, or (ii) in accordance with Rule 144, in which case Purchaser covenants to comply with Rule 144, or (iii) in accordance with another exemption from the registration requirements of the Securities Act. The legend set forth in Section 8.2 will be removed from a certificate representing the Shares following and in connection with any sale of the Shares pursuant to subsection (i) or (ii) hereof, but not in connection with any sale of Shares pursuant to subsection (iii) hereof, and also will be removed at such time that the Shares may be sold under Rule 144(k) without restriction as to volume and manner of sale.

Appears in 2 contracts

Samples: Purchase Agreement (Oxford Bioscience Partners Iii Lp), Purchase Agreement (Oxford Bioscience Partners Iii Lp)

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Transfer of Shares After Registration. Each Purchaser hereby covenants with the Company not to make any sale of the Shares except either (ia) in accordance with the Registration Statement, in which case such Purchaser covenants to comply with the requirement of delivering a current prospectus, or (iib) in accordance with Rule 144, in which case such Purchaser covenants to comply with Rule 144, or (iiic) in accordance with another exemption from the registration requirements of the Securities Act. The legend set forth in Section 8.2 will be removed from a certificate representing the Shares following and in connection with any sale of the Shares pursuant to subsection (ia) or (iib) hereof, but not in connection with any sale of Shares pursuant to subsection (iiic) hereof, and also will be removed at such time that the Shares may be sold under Rule 144(k) 144 without restriction as to volume and manner of sale.

Appears in 1 contract

Samples: Purchase Agreement (Medtronic Inc)

Transfer of Shares After Registration. Each Purchaser hereby covenants ------------------------------------- with the Company not to make any sale of the Shares except either (ia) in accordance with the Registration Statement, in which case such Purchaser covenants to comply with the requirement of delivering a current prospectus, or (iib) in accordance with Rule 144, in which case such Purchaser covenants to comply with Rule 144, or (iiic) in accordance with another exemption from the registration requirements of the Securities Act. The legend set forth in Section 8.2 will be removed from a certificate representing the Shares following and in connection with any sale of the Shares pursuant to subsection (ia) or (iib) hereof, but not in connection with any sale of Shares pursuant to subsection (iiic) hereof, and also will be removed at such time that the Shares may be sold under Rule 144(k) 144 without restriction as to volume and manner of sale.

Appears in 1 contract

Samples: Purchase Agreement (Vidamed Inc)

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Transfer of Shares After Registration. Each Purchaser hereby ----------------------------------------- covenants with the Company not to make any sale of the Shares except either (i) in accordance with the Registration Statement, in which case such Purchaser covenants to comply with the requirement of delivering a current prospectus, or (ii) in accordance with Rule 144, in which case Purchaser covenants to comply with Rule 144, or (iii) in accordance with another exemption from the registration requirements of the Securities Act. The legend set forth in Section 8.2 will be removed from a certificate representing the Shares following and in connection with any sale of the Shares pursuant to subsection (i) or (ii) hereof, but not in connection with any sale of Shares pursuant to subsection (iii) hereof, and also will be removed at such time that the Shares may be sold under Rule 144(k) 144 without restriction as to volume and manner of sale.

Appears in 1 contract

Samples: Purchase Agreement (Criticare Systems Inc /De/)

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