Common use of No Other Legend or Stock Transfer Restrictions Clause in Contracts

No Other Legend or Stock Transfer Restrictions. No legend other than the one specified in Section 9.1 has been or shall be placed on the share certificates representing the Registrable Securities and no instructions or "stop transfer orders," "stock transfer restrictions," or other restrictions have been or shall be given to the Company's transfer agent with respect thereto other than as expressly set forth in this Article IX. After the Effective Date, upon request of the Investor the Company will substitute certificates without restrictive legend for certificates for any Conversion Shares issued prior to the Effective Date which bear restrictive legends and remove any stop-transfer restriction relating thereto promptly, but in no event later than three trading days after request for removal.

Appears in 4 contracts

Samples: Preferred Stock and Warrants Purchase Agreement (Galaxy Nutritional Foods Co), Series B Preferred Stock and Warrants Purchase Agreement (Interactive Telesis Inc), Series B Preferred Stock and Warrants Purchase Agreement (Interactive Telesis Inc)

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No Other Legend or Stock Transfer Restrictions. No legend other than the one specified in Section 9.1 has been or shall be placed on the share certificates representing the Registrable Securities and no instructions or "stop transfer orders," "stock transfer restrictions," or other restrictions have been or shall be given to the Company's transfer agent with respect thereto other than as expressly set forth in this Article IX. After the Effective Date, upon request of the Investor the Company will substitute certificates without restrictive legend for certificates for any Conversion Common Shares, Repricing Shares or Warrant Shares issued prior to the Effective Date which bear restrictive legends and remove any stop-transfer restriction relating thereto promptly, but in no event later than three trading days after request for removal.

Appears in 1 contract

Samples: Securities Purchase Agreement (Interactive Telesis Inc)

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No Other Legend or Stock Transfer Restrictions. No legend other than the one specified in Section 9.1 8.1 has been or shall be placed on the share certificates representing the Registrable Securities and no instructions or "stop transfer orders," "stock transfer restrictions," or other restrictions have been or shall be given to the Company's transfer agent with respect thereto other than as expressly set forth in this Article IX. After the Effective DateDate applicable to the Registrable Securities, upon request of the Investor the Company will substitute certificates without restrictive legend legends for certificates for any Conversion Shares or Warrant Shares issued prior to the such Effective Date which bear restrictive legends and remove any stop-transfer restriction relating thereto promptly, but in no event later than three trading days five (5) Trading Days after request for removal.

Appears in 1 contract

Samples: Purchase Agreement (Airtrax Inc)

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