UNDERSTANDINGS AND ACKNOWLEDGEMENTS a. The Purchaser acknowledges that the Shares have not been registered under the Act or qualified under the California Corporate Securities Law of 1968, as amended, or any other applicable blue sky laws in reliance, in part, on the representations and warranties herein.
b. The Purchaser understands that (i) the Shares are restricted securities under the federal securities laws (e.g., the Act) insofar as the Shares will be acquired from the Company in a transaction not involving a public offering, (ii) under such laws and applicable regulations, the Shares may be resold without registration under the Act only in certain limited circumstances and (iii) in the absence of registration under the Act, the Shares must be held indefinitely. The Purchaser understands the resale limitations imposed by the Act and is familiar with Rule 144 under the Act, as presently in effect, and the conditions which must be met in order for Rule 144 to be available with respect to the resale of restricted securities.
c. The Purchaser understands that any certificates evidencing the Shares may bear one or all of the following legends:
(i) THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THE SECURITIES UNDER SUCH ACT OR AN OPINION OF COUNSEL OR OTHER EVIDENCE SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SUCH ACT.
(ii) Any legend required by applicable state securities laws.
UNDERSTANDINGS AND ACKNOWLEDGEMENTS. The District understands and acknowledges the following:
UNDERSTANDINGS AND ACKNOWLEDGEMENTS. By signing this Agreement, the District understands and acknowledges that:
UNDERSTANDINGS AND ACKNOWLEDGEMENTS. By signing this Agreement, the Recipients understand and acknowledge that: • OCR may initiate administrative enforcement or judicial proceedings to enforce the specific terms and obligations of this Agreement. • Before initiating administrative enforcement (34 C.F.R. Sections 100.9-10), or judicial proceedings to enforce this Agreement, OCR will give the Recipients written notice of the alleged breach and 60 calendar days to cure the alleged breach. • The Recipients will provide the foregoing information in a timely manner in accordance with the reporting requirements of this Agreement. • During the monitoring of this Agreement, if necessary, OCR may visit the School, interview staff and students, and request such additional reports or data as are necessary for OCR to determine whether the Recipients have fulfilled the terms of this Agreement and are in compliance with Section 504, Title II, and their implementing regulations. • Upon completion of the obligations under this Agreement, OCR will close this case.
UNDERSTANDINGS AND ACKNOWLEDGEMENTS
