Unlegended Certificates. The Company shall be obligated to promptly reissue unlegended certificates upon the request of any holder thereof at such time as (i) a registration statement relating to the Securities is effective, or (ii) the holding period under Rule 144 or another applicable exemption from the registration requirements of the Securities Act has been satisfied. The Company is entitled to request from any holder requesting unlegended certificates under (ii) above an opinion of counsel reasonably acceptable to the Company to the effect that the securities proposed to be disposed of may lawfully be so disposed of without registration, qualification or legend.
Appears in 3 contracts
Samples: Series C Preferred Stock Purchase Agreement (Prides Capital Partners, LLC), Series C Preferred Stock Purchase Agreement (Princeton Review Inc), Series E Preferred Stock Purchase Agreement (Princeton Review Inc)
Unlegended Certificates. The Company shall be obligated to promptly reissue unlegended certificates upon the request of any holder thereof (x) at such time as (i) a registration statement relating to the Securities is effective, or (ii) the holding period under Rule 144 or another applicable exemption from the registration requirements of the Securities Act has been satisfiedsatisfied or (y) at such time as a registration statement is available for the transfer of the Securities. The Company is entitled to request from any holder requesting unlegended certificates under clause (iix) above of the foregoing sentence an opinion of counsel reasonably acceptable to the Company to the effect that the securities proposed to be disposed of may lawfully be so disposed of without registration, qualification or legend.
Appears in 2 contracts
Samples: Redeemable Convertible Preferred Stock and Warrant Purchase (Telesis Bio Inc.), Redeemable Convertible Preferred Stock Purchase Agreement (Dicerna Pharmaceuticals Inc)
