Legends/Stop Orders Clause Samples
The Legends/Stop Orders clause serves to identify and restrict the transfer or sale of certain securities by requiring that specific legends be placed on certificates and that stop orders be implemented with the issuer’s transfer agent. In practice, this means that physical or electronic certificates may bear a notice indicating transfer restrictions, and the transfer agent is instructed not to process transfers that would violate these restrictions. This clause is essential for ensuring compliance with securities laws or contractual obligations, preventing unauthorized or premature transfers, and protecting the interests of the issuer and investors.
Legends/Stop Orders. The Manager acknowledges and agrees that the Company shall be entitled to place legends on the certificates representing any of the Transaction Fee Shares and/or stop orders with the transfer agent of the Company with respect to any of the Transaction Fee Shares.
Legends/Stop Orders. Shareholder acknowledges and agrees that the Company shall be entitled to place legends on the certificates or book entry account representing any of the Lock-up Securities and/or stop orders with the transfer agent of the Company with respect to any of the Lock-up Securities. Upon the release of any of the Lock-up Securities from this Agreement, the Company will reasonably cooperate with Shareholder to facilitate the timely preparation and delivery of certificates or evidence of the book entry account representing the Lock-up Securities without such restrictive legend described above or the withdrawal of any stop transfer instructions.
Legends/Stop Orders. Seller acknowledges and agrees that the Company shall be entitled to place legends on the certificates representing any of the Lockup Securities and/or stop orders with the transfer agent of the Company with respect to any of the Lockup Securities; provided, however, that any Closing Consideration Shares may be held by a custodian.
Legends/Stop Orders. Wang acknowledges and agrees that the Company shall be entitled to place legends on the certificates representing any of the Lockup Securities and/or stop orders with the transfer agent of the Company with respect to any of the Lockup Securities.