Common use of Removal of Restrictions on Transfer of Securities Clause in Contracts

Removal of Restrictions on Transfer of Securities. Any legend referred to in Section 6.2 hereof stamped on a certificate evidencing (i) the Shares, (ii) the Registrable Securities or (iii) any other securities issued in respect of the Shares or the Registrable Securities upon any stock split, stock dividend, recapitalization, merger, consolidation or similar event and the stock transfer instructions and record notations with respect to such security shall be removed and the Company shall issue a certificate without such legend to the holder of such security if such security is registered under the Securities Act, or if such holder provides the Company with an opinion of counsel (which may be counsel for the Company) reasonably acceptable to the Company to the effect that a public sale or transfer of such security may be made without registration under the Securities Act or such holder provides the Company with reasonable assurances, which may, at the option of the Company, include an opinion of counsel satisfactory to the Company, that such security can be sold pursuant to Section (k) of Rule 144 under the Securities Act.

Appears in 2 contracts

Samples: Investor Rights Agreement (Xcyte Therapies Inc), Investor Rights Agreement (Xcyte Therapies Inc)

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Removal of Restrictions on Transfer of Securities. Any legend referred to in Section 6.2 2.2 hereof stamped on a certificate evidencing (i) the SharesPreferred Stock, (ii) the Registrable Securities Conversion Stock or (iii) any other securities issued in respect of the Shares Preferred Stock or the Registrable Securities Conversion Stock upon any stock split, stock dividend, recapitalization, merger, consolidation or similar event event, and the stock transfer instructions and record notations with respect to such security security, shall be removed and the Company shall issue a certificate without such legend to the holder of such security if such security is registered under the Securities Act, or if such holder provides the Company with an opinion of counsel (which may be counsel for the Company) reasonably acceptable to the Company to the effect that a public sale or transfer of such security may be made without registration under the Securities Act or (iii) such holder provides the Company with reasonable assurances, which may, at the option of the Company, include an opinion of counsel satisfactory to the Company, that such security can be sold pursuant to Section (k) of Rule 144 under the Securities Act.

Appears in 2 contracts

Samples: Rights Agreement (Endocyte Inc), Investors’ Rights Agreement (Endocyte Inc)

Removal of Restrictions on Transfer of Securities. Any legend referred to in Section 6.2 2(b) hereof stamped on a certificate evidencing (i) the Shares, (ii) the Registrable Securities or (iii) any other securities issued in respect of the Shares or the Registrable Securities upon any stock split, stock dividend, recapitalization, merger, consolidation or similar event and the stock transfer instructions and record notations with respect to such security shall be removed and the Company shall issue a certificate without such legend to the holder of such security if such security is registered under the Securities Act, or if such holder provides the Company with an opinion of counsel (which may be counsel for the Company) reasonably acceptable to the Company to the effect that a public sale or transfer of such security may be made without registration under the Securities Act or (iii) such holder provides the Company with reasonable assurances, which may, at the option of the Company, include an opinion of counsel satisfactory to the Company, that such security can be sold pursuant to Section (k) of Rule 144 under the Securities Act.

Appears in 1 contract

Samples: Investors’ Rights Agreement (Senorx Inc)

Removal of Restrictions on Transfer of Securities. Any legend referred to in Section 6.2 2.2 hereof stamped on a certificate evidencing (i) the Shares, (ii) the Registrable Securities Conversion Stock or (iii) any other securities issued in respect of the Shares or the Registrable Securities Conversion Stock upon any stock split, stock dividend, recapitalization, merger, consolidation or similar event and the stock transfer instructions and record notations with respect to such security shall be removed and the Company shall issue a certificate without such legend to the holder of such security if such security is registered under the Securities Act, or if such holder provides the Company with an opinion of counsel (which may be counsel for the Company) reasonably acceptable to the Company to the effect that a public sale or transfer of such security may be made without registration under the Securities Act or such holder provides the Company with reasonable assurances, ,which may, at the option of the Company, include an opinion of counsel satisfactory to the Company, that such security can be sold pursuant to Section (k) of Rule 144 under the Securities Act. The Company will cause legend removal to be authorized or provide a written response as to why legends may not be removed within 10 days of receipt of any such request.

Appears in 1 contract

Samples: Investors Rights Agreement (Focal Inc)

Removal of Restrictions on Transfer of Securities. Any legend referred to in Section 6.2 2.2 hereof stamped on a certificate evidencing (i) the Shares, (ii) the Registrable Securities Conversion Stock or (iii) any other securities issued in respect of the Shares or the Registrable Securities Conversion Stock upon any stock split, stock dividend, recapitalization, merger, consolidation or similar event and the stock transfer instructions and record notations with respect to such security shall be removed and the Company shall issue a certificate without such legend to the holder of such security if such security is registered under the Securities Act, or if such holder provides the Company with an opinion of counsel (which may be counsel for the Company) reasonably acceptable to the Company to the effect that a public sale or transfer of such security may be made without registration under the Securities Act or such holder provides the Company with reasonable assurances, which may, at the option of the Company, include an opinion of counsel reasonably satisfactory to the Company, that such security can be sold pursuant to Section (k) of Rule 144 under the Securities Act.144

Appears in 1 contract

Samples: Investors Rights Agreement (Launch Media Inc)

Removal of Restrictions on Transfer of Securities. Any legend referred to in Section 6.2 2.2 hereof stamped on a certificate evidencing (i) the Shares, (ii) the Registrable Securities or (iii) any other securities issued in respect of the Shares or the Registrable Securities upon any stock split, stock dividend, recapitalization, merger, consolidation or similar event and the stock transfer instructions and record notations with respect to such security shall be removed and the Company shall issue a certificate without such legend to the holder of such security if such security is registered under the Securities Act, or if such holder provides the Company with an opinion of counsel (which may be counsel for the Company) reasonably acceptable to the Company to the effect that a public sale or transfer of such security may be made without registration under the Securities Act or (iii) such holder provides the Company with reasonable assurances, which may, at the reasonable option of the Company, include an opinion of counsel satisfactory to the Company, that such security can be sold pursuant to Section (k) of Rule 144 under the Securities Act.

Appears in 1 contract

Samples: Investor Rights Agreement (Sunesis Pharmaceuticals Inc)

Removal of Restrictions on Transfer of Securities. Any legend referred to in Section 6.2 paragraph 3.2 hereof stamped on a certificate evidencing (i) the SharesPreferred Stock held by the Investors, (ii) the Registrable Securities Conversion Stock or (iii) any other securities issued in respect of the Shares Preferred Stock or Conversion Stock held by the Registrable Securities Investors upon any stock split, stock dividend, recapitalization, merger, consolidation or similar event and the stock transfer instructions and record notations with respect to such security shall be removed and the Company shall issue a certificate without such legend to the holder of such security if such security is registered under the Securities Act, or if such holder provides the Company with an opinion of counsel (which may be counsel for the Company) reasonably acceptable to the Company to the effect that a public sale or transfer of such security may be made without registration under the Securities Act or (iii) such holder provides the Company with reasonable assurances, which may, at the option of the Company, include an opinion of counsel satisfactory to the Company, that such security can be sold pursuant to Section (k) of Rule 144 under the Securities Act.

Appears in 1 contract

Samples: Stockholder Rights Agreement (Vnus Medical Technologies Inc)

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Removal of Restrictions on Transfer of Securities. Any legend referred to in Section 6.2 2.2 hereof stamped on a certificate evidencing (i) the Shares, (ii) the Registrable Securities or (iii) any other securities issued in respect of the Shares or the Registrable Securities upon any stock split, stock dividend, recapitalization, merger, consolidation or similar event and the stock transfer instructions and record notations with respect to such security shall be removed and the Company shall issue a certificate without such legend to the holder of such security if such security is registered under the Securities Act, or if such holder provides the Company with an opinion of counsel (which may be counsel for the Company) reasonably acceptable to the Company to the effect that a public sale or transfer of such security may be made without registration under the Securities Act or (iii) such holder provides the Company with reasonable assurances, which may, at the option of the Company, include an opinion of counsel satisfactory to the Company, that such security can be sold pursuant to Section (k) of Rule 144 under the Securities Act.

Appears in 1 contract

Samples: Rights Agreement (Neoforma Com Inc)

Removal of Restrictions on Transfer of Securities. Any legend referred to in Section 6.2 2.2 hereof stamped on a certificate evidencing (i) the SharesPreferred Stock, (ii) the Registrable Securities Conversion Stock or (iii) any other securities issued in respect of the Shares Preferred Stock or the Registrable Securities Conversion Stock upon any stock split, stock dividend, recapitalization, merger, consolidation or similar event and the stock transfer instructions and record notations with respect to such security shall be removed and the Company shall issue a certificate without such legend to the holder of such security if (x) such security is registered under the Securities Act, or if (y) such holder provides the Company with an opinion of counsel (which may be counsel for the Company) reasonably acceptable to the Company to the effect that a public sale or transfer of such security may be made without registration under the Securities Act or (z) such holder provides the Company with reasonable assurances, which may, at the option of the Company, include an opinion of counsel satisfactory to the Company, that such security can be sold pursuant to Regulation S or Rule 144, including Section (k) of Rule 144 144, under the Securities Act.

Appears in 1 contract

Samples: Registration Rights Agreement (Interwave Communications International LTD)

Removal of Restrictions on Transfer of Securities. Any legend referred to in Section 6.2 paragraph 3.2 hereof stamped on a certificate evidencing (i) the SharesPreferred Stock held by the Investors, (ii) the Registrable Securities Conversion Stock or (iii) any other securities issued in respect of the Shares Preferred Stock or Conversion Stock held by the Registrable Securities Investors upon any stock split, stock dividend, recapitalization, merger, consolidation or similar event and the stock transfer instructions and record notations with respect to such security shall be removed and the Company shall issue a certificate without such legend to the holder of such security if such security is registered under the Securities Act, or if such holder provides the Company with an opinion of counsel (which may be counsel for the Company) reasonably acceptable to the Company to the effect that a public sale or transfer of such security may be made without registration under the Securities Act or (iii) such holder provides the Company with reasonable assurances, which may, at the option of the Company, include an opinion of counsel satisfactory to the Company, that such security can be sold pursuant to Section (k) of Rule 144 under the Securities Act.option

Appears in 1 contract

Samples: Stockholder Rights Agreement (Vnus Medical Technologies Inc)

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