Common use of Restricted Legend Clause in Contracts

Restricted Legend. Upon the transfer, exchange or replacement of Class A Certificates not bearing the Restricted Legend, the Registrar shall deliver Class A Certificates that do not bear the Restricted Legend. Upon the transfer, exchange or replacement of Class A Certificates bearing the Restricted Legend, the Registrar shall deliver only Class A Certificates that bear the Restricted Legend, unless there is delivered to the Registrar and the Company an Opinion of Counsel to the effect that neither such legend nor the related restrictions on transfer are required in order to maintain compliance with the provisions of the Securities Act.

Appears in 2 contracts

Samples: Trust Agreement (Amr Corp), Trust Agreement (American Airlines Inc)

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Restricted Legend. Upon the transfer, exchange or replacement of Class A Certificates not bearing the Restricted Legend, the Registrar shall deliver Class A Certificates that do not bear the Restricted Legend. Upon the transfer, exchange or replacement of Class A Certificates bearing the Restricted Legend, the Registrar shall deliver only Class A Certificates that bear the Restricted Legend, Legend unless there is delivered to the Registrar and the Company an Opinion of Counsel to the effect that neither such legend nor the related restrictions on transfer are required in order to maintain compliance with the provisions of the Securities Act.

Appears in 1 contract

Samples: Trust Agreement (Delta Air Lines Inc /De/)

Restricted Legend. Upon the transfer, exchange or replacement of Class A Certificates not bearing the Restricted Legend, the Registrar shall deliver Class A Certificates that do not bear the Restricted Legend. Upon the transfer, exchange or replacement of Class A Certificates bearing the Restricted Legend, the Registrar shall deliver only Class A Certificates that bear the Restricted Legend, unless there is delivered to the Registrar Registrar, the Parent and the Company Airlines an Opinion of Counsel to the effect that neither such legend nor the related restrictions on transfer are required in order to maintain compliance with the provisions of the Securities Act.

Appears in 1 contract

Samples: 2020 1a (Alaska Air Group, Inc.)

Restricted Legend. Upon the transfer, exchange or replacement of Class A C Certificates not bearing the Restricted Legend, the Registrar shall deliver Class A C Certificates that do not bear the Restricted Legend. Upon the transfer, exchange or replacement of Class A C Certificates bearing the Restricted Legend, the Registrar shall deliver only Class A C Certificates that bear the Restricted Legend, Legend unless there is delivered to the Registrar and the Company an Opinion of Counsel to the effect that neither such legend nor the related restrictions on transfer are required in order to maintain compliance with the provisions of the Securities Act.

Appears in 1 contract

Samples: Through Trust Agreement (Delta Air Lines Inc /De/)

Restricted Legend. Upon the transfer, exchange or replacement of Class A B Certificates not bearing the Restricted Legend, the Registrar shall deliver Class A B Certificates that do not bear the Restricted Legend. Upon the transfer, exchange or replacement of Class A B Certificates bearing the Restricted Legend, the Registrar shall deliver only Class A B Certificates that bear the Restricted Legend, unless there is delivered to the Registrar Registrar, the Parent and the Company Airlines an Opinion of Counsel to the effect that neither such legend nor the related restrictions on transfer are required in order to maintain compliance with the provisions of the Securities Act.

Appears in 1 contract

Samples: Through Trust Agreement (Alaska Air Group, Inc.)

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Restricted Legend. Upon the transfer, exchange or replacement of Class A B Certificates not bearing the Restricted Legend, the Registrar shall deliver Class A B Certificates that do not bear the Restricted Legend. Upon the transfer, exchange or replacement of Class A B Certificates bearing the Restricted Legend, the Registrar shall deliver only Class A B Certificates that bear the Restricted Legend, unless there is delivered to the Registrar and the Company an Opinion of Counsel to the effect that neither such legend nor the related restrictions on transfer are required in order to maintain compliance with the provisions of the Securities Act.

Appears in 1 contract

Samples: 2016 2b (American Airlines Inc)

Restricted Legend. Upon the transfer, exchange or replacement of Class A B Certificates not bearing the Restricted Legend, the Registrar shall deliver Class A B Certificates that do not bear the Restricted Legend. Upon the transfer, exchange or replacement of Class A B Certificates bearing the Restricted Legend, the Registrar shall deliver only Class A B Certificates that bear the Restricted Legend, Legend unless there is delivered to the Registrar and the Company an Opinion of Counsel to the effect that neither such legend nor the related restrictions on transfer are required in order to maintain compliance with the provisions of the Securities Act.

Appears in 1 contract

Samples: Trust Agreement (Delta Air Lines Inc /De/)

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