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 2.2 hereof stamped on a certificate evidencing the Restricted Securities and the stock transfer instructions and record notations with respect to such Restricted Security shall be removed and the Company shall issue a certificate without such legend to the holder of such Restricted 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: Investors' Rights Agreement (Bamboo Com Inc), Investors Rights Agreement (Therasense Inc)

AutoNDA by SimpleDocs

Removal of Restrictions on Transfer of Securities. Any legend ------------------------------------------------- referred to in Section 2.2 11(b) hereof stamped on a certificate evidencing the Restricted Securities and the stock transfer instructions and record notations with respect to such Restricted Security the Securities shall be removed and the Company shall issue a certificate without such legend to the holder Holder of such Restricted Security the Securities if such security is the Securities are registered under the Securities Act, or if such holder Holder provides the Company with an opinion of counsel (which may be counsel for the Company) reasonably acceptable satisfactory 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 Holder provides the Company with reasonable assurances, which may, at the option of the Company, include an opinion of counsel (which may be counsel for the Company) reasonably satisfactory to the Company, that such security can be sold pursuant to Section paragraph (k) of Rule 144 (or any successor provision) under the Securities Act.

Appears in 1 contract

Samples: Consulting Agreement (Hemosense Inc)

Removal of Restrictions on Transfer of Securities. Any legend ------------------------------------------------- referred to in Section 2.2 hereof stamped on a certificate evidencing the Restricted Securities and the stock transfer instructions and record notations with respect to such Restricted Security shall be removed and the Company shall issue a certificate without such legend to the holder of such Restricted 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 1 contract

Samples: Investors Rights Agreement (Xenogen Corp)

Removal of Restrictions on Transfer of Securities. Any legend ------------------------------------------------- referred to in Section 2.2 3.2 hereof stamped on a certificate evidencing the Restricted Securities and the stock transfer instructions and record notations with respect to such Restricted Security shall be removed and the Company shall issue a certificate without such legend to the holder of such Restricted 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 1 contract

Samples: Investors' Rights Agreement (Third Wave Technologies Inc /Wi)

Removal of Restrictions on Transfer of Securities. Any legend ------------------------------------------------- referred to ------- -- ------------ -- -------- -- ----------- - in Section 2.2 2(a) hereof stamped or imprinted on a certificate evidencing (i) the Restricted Securities Securities; (ii) the Conversion Stock; or (iii) any other securities issued in respect of the Securities, or the 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 Restricted Security security shall be removed and the Company shall issue a certificate without such legend to the holder Holder of such Restricted Security security if such security is registered under the Securities Act, Act or if such holder Holder provides the Company with an opinion of counsel (which may be counsel for the Company) ), reasonably acceptable satisfactory to the Company 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 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: Registration Rights Agreement (Patient Infosystems Inc)

AutoNDA by SimpleDocs

Removal of Restrictions on Transfer of Securities. Any legend referred ------------------------------------------------- referred to in Section 2.2 hereof stamped on a certificate evidencing the Restricted Securities and the stock transfer instructions and record notations with respect to such Restricted Security shall be removed and the Company shall issue a certificate without such legend to the holder of such Restricted 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 1 contract

Samples: Investors' Rights Agreement (Xenogen Corp)

Removal of Restrictions on Transfer of Securities. Any The first ------------------------------------------------- legend ------------------------------------------------- referred to in Section 2.2 1.1(b) hereof stamped on a certificate evidencing -------------- the Restricted Securities Securities, and the stock transfer instructions and record notations with respect to such Restricted Security Securities, shall be removed and the Company shall issue a certificate without such legend to the holder of such Restricted Security Securities 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 section (k) of Rule 144 under the Securities Act.

Appears in 1 contract

Samples: Investor Rights Agreement (Altiris Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.