Common use of Removal of Legends Clause in Contracts

Removal of Legends. Whenever in the opinion of the Company and counsel reasonably satisfactory to the Company (which opinion shall be delivered to the Company in writing) the restrictions described in any legend set forth above cease to be applicable to any Securities, the holder thereof shall be entitled to receive from the Company, without expense to the holder, a new instrument or certificate not bearing a legend stating such restriction.

Appears in 24 contracts

Samples: Securityholders Agreement (PGA Holdings, Inc.), Termination Agreement (Pinnacle Foods Inc.), Securityholders Agreement (Vestar Capital Partners v L P)

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Removal of Legends. Whenever in the opinion of the Company Corporation and counsel reasonably satisfactory to the Company Corporation (which opinion shall be delivered to the Company Corporation in writing) the restrictions described in any legend set forth above cease to be applicable to any SecuritiesVoting Securities or Holdings Interests, the holder thereof shall be entitled to receive from the Companyentitled, without expense to the holder, a new instrument or certificate not bearing a to have such legend stating such restrictionremoved.

Appears in 4 contracts

Samples: Securityholders Agreement (DynaVox Inc.), Securityholders Agreement (DynaVox Inc.), Securityholders Agreement (DynaVox Inc.)

Removal of Legends. Whenever in the opinion of the Company and and, if reasonably requested by the Investors pursuant to the terms hereof, the opinion of counsel reasonably satisfactory to the Company (which opinion shall be delivered to the Company in writing) the restrictions described in any legend set forth above cease to be applicable to any Securitiesshares of Capital Stock, the holder thereof shall be entitled to receive from the Company, without expense to the holder, a new instrument or certificate not bearing a legend stating such restriction.

Appears in 2 contracts

Samples: Stockholders Agreement (Laureate Education, Inc.), Stockholders Agreement (Laureate Education, Inc.)

Removal of Legends. Whenever in the opinion of the Company and counsel reasonably satisfactory to the Company (which opinion shall be delivered to the Company in writing) the restrictions described in any legend set forth above cease to be applicable to any Securities, the holder thereof shall be entitled to receive from the Company, without expense to the holder, a new instrument instrument, certificate or certificate book-entry not bearing a legend stating such restriction.

Appears in 2 contracts

Samples: Stockholders Agreement (TaskUs, Inc.), Stockholders Agreement (TaskUs, Inc.)

Removal of Legends. Whenever in the opinion of the Company and and, if reasonably requested by the Company pursuant to the terms hereof, counsel reasonably satisfactory to the Company (which opinion shall be delivered to the Company in writing) the restrictions described in any legend set forth above cease to be applicable to any Securities, the holder thereof shall be entitled to receive from the Company, without expense to the holder, a new instrument or certificate not bearing a legend stating such restriction.

Appears in 2 contracts

Samples: Securityholders Agreement (Laureate Education, Inc.), Securityholders Agreement (Laureate Education, Inc.)

Removal of Legends. Whenever in the opinion of the Company and in an opinion of counsel reasonably satisfactory to the Company (which opinion shall be delivered to the Company in writing) the restrictions described in any legend set forth above cease to be applicable to any Securities, the holder thereof shall be entitled to receive from the Company, without expense to the holder, a new instrument or certificate not bearing a legend stating such restriction.

Appears in 1 contract

Samples: Securityholders Agreement (Transport America, Inc.)

Removal of Legends. Whenever in the opinion of the Company and and, if reasonably requested by the Company pursuant to the terms hereof, counsel reasonably satisfactory to the Company (which opinion shall be delivered to the Company in writing) the restrictions described in any legend set forth above cease to be applicable to any SecuritiesInterests, the holder thereof shall be entitled to receive from the Company, without expense to the holder, a new instrument or certificate not bearing a legend stating such restriction.

Appears in 1 contract

Samples: Executive Interest Subscription Agreement (Laureate Education, Inc.)

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Removal of Legends. Whenever in the opinion of the Company and counsel reasonably satisfactory to the Company (which opinion shall be delivered to the Company in writing) the restrictions described in any legend set forth above cease to be applicable to any SecuritiesCommon Shares, the holder thereof shall be entitled to receive from the Company, without expense to the holder, a new instrument or certificate not bearing a legend stating such restriction.

Appears in 1 contract

Samples: Stockholders Agreement (Refco Inc.)

Removal of Legends. Whenever in the opinion of the Company and ------------------ counsel reasonably satisfactory to the Company (which opinion shall be delivered to the Company in writing) the restrictions described in any legend set forth above cease to be applicable to any Securities, the holder thereof shall be entitled to receive from the Company, without expense to the holder, a new instrument or certificate not bearing a legend stating such restriction.

Appears in 1 contract

Samples: Securityholders Agreement (M Foods Investors LLC)

Removal of Legends. Whenever in the opinion of the Company issuer of such Securities and counsel reasonably satisfactory to the Company issuer of such Securities (which opinion shall be delivered to the Company issuer of such Securities in writing) the restrictions described in any the legend set forth above cease to be applicable to any Securities, the holder thereof shall be entitled to receive from the CompanyIssuer thereof, without expense to the holder, a new instrument or certificate not bearing a legend stating such restriction.

Appears in 1 contract

Samples: Securityholders Agreement (Petersen Holdings LLC)

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