Common use of Termination of Conditions and Obligations Clause in Contracts

Termination of Conditions and Obligations. The conditions precedent imposed by Section 5 or this Section 7 upon the transferability of the Units or the Registrable Securities, as applicable, shall cease and terminate as to any particular Units or the Registrable Securities, as applicable, when such Units or the Registrable Securities, as applicable, shall have been effectively registered under the Securities Act and sold or otherwise disposed of in accordance with the intended method of disposition set forth in a Registration Statement covering the Registrable Securities or at such time as an opinion of counsel reasonably satisfactory to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

Termination of Conditions and Obligations. The conditions precedent imposed by Section 5 or this Section 7 upon the transferability of the Units Shares or the Registrable Securities, as applicable, shall cease and terminate as to any particular Units Shares or the Registrable Securities, as applicable, when such Units Shares or the Registrable Securities, as applicable, shall have been effectively registered under the Securities Act and sold or otherwise disposed of in accordance with the intended method of disposition set forth in a the Registration Statement covering the Registrable Securities or at such time as an opinion of counsel reasonably satisfactory to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

Termination of Conditions and Obligations. The conditions precedent imposed by Section 5 or this Section 7 upon the transferability of the Units Securities or the Registrable Securities, as applicable, shall cease and terminate as to any particular Units Securities or the Registrable Securities, as applicable, when such Units Securities or the Registrable Securities, as applicable, shall have been effectively registered under the Securities Act and sold or otherwise disposed of in accordance with the intended method of disposition set forth in a the Registration Statement covering the Registrable Securities or at such time as an opinion of counsel reasonably satisfactory to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

Termination of Conditions and Obligations. The conditions precedent restrictions imposed by Section 5 or this Section 7 upon the transferability of the Units or the Registrable Securities, as applicable, Securities shall cease and terminate as to any particular Units or number of the Registrable Securities, as applicable, Securities (including the Warrant Shares) when such Units or the Registrable Securities, as applicable, Securities shall have been effectively registered under the Securities Act and sold or otherwise disposed of in accordance with the intended method of disposition set forth in a the Registration Statement covering such Securities, upon the Registrable Securities passage of two years from the effective date of the Registration Statement covering such Securities, or at such time as an opinion of counsel reasonably satisfactory in form and substance to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

Termination of Conditions and Obligations. The conditions precedent imposed by Section 5 4 or this Section 7 6 upon the transferability of the Units Shares or the Registrable Securities, as applicable, shall cease and terminate as to any particular Units Shares or the Registrable Securities, as applicable, when such Units Shares or the Registrable Securities, as applicable, shall have been effectively registered under the Securities Act and sold or otherwise disposed of in accordance with the intended method of disposition set forth in a the Registration Statement covering the Registrable Securities or at such time as an opinion of counsel reasonably satisfactory to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.