Examples of Illegal Transfer Notice in a sentence
If for any reason the Corporation (after having been furnished with the opinion required to be furnished pursuant to this Section 4(b)) shall fail to notify such holder within 2 days after such holder shall have delivered such opinion to the Corporation that, in its or its counsel's opinion, the transfer may not be legally effective (the "Illegal Transfer Notice"), such holder shall thereupon be entitled to transfer the Restricted Security as proposed.
If for any reason the REIT, (after having been furnished with the opinion required to be furnished pursuant to this Section 4.3) shall fail to notify such holder within ten (10) business days after such holder shall have delivered such notice or opinion to the REIT, that, in its or its counsel's opinion, the transfer may not be legally effective (the "Illegal Transfer Notice"), such holders shall thereupon be entitled to transfer the Restricted Security as proposed.
If for any reason the Company (after having been furnished with the opinion required to be furnished pursuant to this Section 8.2) shall fail to notify such holder within 2 days after such holder shall have delivered such opinion to the Company that, in its or its counsel's opinion, the transfer may not be legally effective (the "Illegal Transfer Notice''), such holders shall thereupon be entitled to transfer the Restricted Security as proposed.
If for any reason the Company (after having been furnished with the opinion required to be furnished pursuant to this Section 8.2) shall fail to notify such holder within 2 days after such holder shall have delivered such opinion to the Company that, in its or its counsel's opinion, the transfer may not be legally effective (the "Illegal Transfer Notice"), such holders shall thereupon be entitled to transfer the Restricted Security as proposed.
If for any reason the Company (after having been furnished with the opinion required to be furnished pursuant to this Section 7.2) shall fail to notify such holder within 5 business days after such holder shall have delivered such opinion to the Company that, in its or its counsel's opinion, the transfer may not be legally effective (the "Illegal Transfer Notice"), such holders shall thereupon be entitled to transfer the Restricted Security as proposed.
If for any reason the Company (after having been furnished with the opinion required to be furnished pursuant to this Section 6.2) shall fail to notify such holder within five business days after such holder shall have delivered such opinion to the Company that, in its or its counsel's opinion, the transfer may not be legally effective (the "Illegal Transfer Notice"), such holders shall thereupon be entitled to transfer the Restricted Security as proposed.
If for any reason the REIT, (after having been furnished with the opinion required to be furnished pursuant to this Section 11.2) shall fail to notify such holder within ten (10) business days after such holder shall have delivered such notice or opinion to the REIT, that, in its or its counsel's opinion, the transfer may not be legally effective (the "Illegal Transfer Notice"), such holders shall thereupon be entitled to transfer the Restricted Security as proposed.
If for any reason the Issuer (after having been furnished with the opinion required to be furnished pursuant to this Section 11.6) shall fail to notify such holder within 5 days after such holder shall have delivered such description and/or opinion to the Issuer that, in its or its counsel's opinion, the transfer may not be legally effective (the "Illegal Transfer Notice"), such holders shall thereupon be entitled to consummate the transfer of the Restricted Security as proposed.
If for any reason the REIT (after having been furnished with the opinion required to be furnished pursuant to this Section 6.2), shall fail to notify such holder within ten business days after such holder shall have delivered such notice of opinion to the REIT that, in its or its counsel's opinion, the transfer may not be legally effective (the "Illegal Transfer Notice"), such holders shall thereupon be entitled to transfer the Restricted Security as proposed.