Unavailability of Rule 144. If, at any time on or after the date which is nine (9) months after the Issue Date, except due to the Holder’s actions or inactions, the Holder is unable to (i) obtain a standard “144 legal opinion letter” from an attorney reasonably acceptable to the Holder, the Holder’s brokerage firm (and respective clearing firm), and the Borrower’s transfer agent in order to facilitate the Holder’s conversion of any portion of the Note into free trading shares of the Borrower’s Common Stock pursuant to Rule 144, and/or (ii) thereupon deposit such shares into the Holder’s brokerage account.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Tego Cyber, Inc.), Securities Purchase Agreement (Tego Cyber, Inc.), Securities Purchase Agreement (Tego Cyber, Inc.)
Unavailability of Rule 144. If, at any time on or after the date which is nine six (96) months after the Issue Date, except due to the Holder’s actions or inactions, the Holder is unable to (i) obtain a standard “144 legal opinion letter” from an attorney reasonably acceptable to the Holder, the Holder’s brokerage firm (and respective clearing firm), and the Borrower’s transfer agent in order to facilitate the Holder’s conversion of any portion of the Note into free trading shares of the Borrower’s Common Stock pursuant to Rule 144, and/or and (ii) thereupon deposit such shares into the Holder’s brokerage account.
Appears in 2 contracts
Samples: Note Purchase Agreement (RespireRx Pharmaceuticals Inc.), Stock Purchase Agreement (Cannabis Global, Inc.)
Unavailability of Rule 144. If, at any time on or after the date which is nine six (96) months after the Issue Date, except due to the Holder’s actions or inactions, the Holder is unable to (i) obtain a standard “144 legal opinion letter” from an attorney reasonably acceptable to the Holder, the Holder’s brokerage firm (and respective clearing firm), and the Borrower’s transfer agent in order to facilitate the Holder’s conversion of any portion of the Note into free trading shares of the Borrower’s Common Stock pursuant to Rule 144, and/or and (ii) thereupon deposit such shares into the Holder’s brokerage accountaccount (in each case, other than as a result of Holder’s status as an affiliate of the Borrower).
Appears in 1 contract
Unavailability of Rule 144. If, at any time on or after the date which is nine (9six(6) months after the Issue Date, except due to the Holder’s actions or inactions, the Holder is unable to (i) obtain a standard “144 legal opinion letter” from an attorney reasonably acceptable to the Holder, the Holder’s brokerage firm (and respective clearing firm), and the Borrower’s transfer agent in order to facilitate the Holder’s conversion of any portion of the Note into free trading shares of the Borrower’s Common Stock pursuant to Rule 144, and/or and (ii) thereupon deposit such shares into the Holder’s brokerage account.
Appears in 1 contract
Samples: Securities Purchase Agreement (Mphase Technologies Inc)
Unavailability of Rule 144. If, at any time on or after the date which is nine twelve (912) months after the Issue Date, except due to the Holder’s actions or inactions, the Holder is unable to (i) obtain a standard “144 legal opinion letter” from an attorney reasonably acceptable to the Holder, the Holder’s brokerage firm (and respective clearing firm), and the Borrower’s transfer agent in order to facilitate the Holder’s conversion of any portion of the Note into free trading shares of the Borrower’s Common Stock pursuant to Rule 144, and/or and (ii) thereupon deposit such shares into the Holder’s brokerage account.
Appears in 1 contract
Samples: Securities Purchase Agreement
