Other Agreements of the Parties. 4.1 (a) Each of the Company and each Investor and agree, severally and not jointly, that the Securities may only be disposed of in compliance with state and federal securities laws. In connection with any transfer of the Securities other than pursuant to an effective registration statement, to the Company, to an Affiliate of an Investor or in connection with a pledge as contemplated in Section 4.1(b), the transferor thereof will, if required by the Company, provide to the Company an opinion of counsel selected by the transferor, reasonably acceptable to the Company, the form and substance of which opinion shall be reasonably satisfactory to the Company, to the effect that such transfer does not require registration of such transferred Securities under the Securities Act.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Vineyard National Bancorp), Securities Purchase Agreement (Vineyard National Bancorp)
Other Agreements of the Parties. 4.1 4.1. (a) Each of the Company and each Investor and agree, severally and not jointly, that the Securities may only be disposed of in compliance with state and federal securities laws. In connection with any transfer of the Securities other than pursuant to an effective registration statement, to the Company, to an Affiliate of an Investor who qualifies as an accredited investor under Regulation D of the Securities Act or in connection with a pledge as contemplated in Section 4.1(b), the Company may require the transferor thereof will, if required by the Company, to provide to the Company an opinion of counsel selected by the transferor, transferor but reasonably acceptable satisfactory to the Company, the form and substance of which opinion shall be reasonably satisfactory to the Company, to the effect that such transfer does not require registration of such transferred Securities under the Securities Act.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Veri-Tek International, Corp.), Securities Purchase Agreement (Veri-Tek International, Corp.)
Other Agreements of the Parties. 4.1 4.1. (a) Each of the Company and each Investor and agree, severally and not jointly, that the Securities Shares may only be disposed of in compliance with state and federal securities laws. In connection with any transfer of the Securities Shares other than pursuant to an effective registration statement, to the Company, to an Affiliate of an Investor who qualifies as an accredited investor under Regulation D of the Securities Act or in connection with a pledge as contemplated in Section 4.1(b), the Company may require the transferor thereof will, if required by the Company, to provide to the Company an opinion of counsel selected by the transferor, transferor but reasonably acceptable satisfactory to the Company, the form and substance of which opinion shall be reasonably satisfactory to the Company, to the effect that such transfer does not require registration of such transferred Securities Shares under the Securities Act.
Appears in 1 contract
Samples: Securities Purchase Agreement (Veri-Tek International, Corp.)
Other Agreements of the Parties. 4.1 (a4.1(a) Each of the Company and each Investor and agree, severally and not jointly, that the Securities may only be disposed of in compliance with state and federal securities laws, including pursuant to an exemption therefrom. In connection with any transfer of the Securities other than pursuant to an effective registration statementstatement pursuant to paragraph (k) of Rule 144, to the Company, to an Affiliate of an Investor a Purchaser or in connection with a pledge as contemplated in Section 4.1(b), the Company may require the transferor thereof will, if required by the Company, to provide to the Company an opinion of counsel selected by the transferor, transferor and reasonably acceptable to the Company, the form and substance of which opinion shall be reasonably satisfactory to the Company, to the effect that such transfer does not require registration of such transferred Securities under the Securities Act.
Appears in 1 contract
Other Agreements of the Parties. 4.1 (a) Each Except with respect to any sale or transfer of the Company and each Notes to any Affiliate of an Investor, any such Investor and agree, severally and not jointly, that desiring to sell or transfer such Investor’s Notes shall obtain the prior written consent of the Company. The Securities may only be disposed of in compliance with state and federal securities laws. In connection with any transfer of the Securities other than pursuant to an effective registration statement, to the Company, or to an Affiliate of an Investor or in connection with a pledge as contemplated in Section 4.1(b)Investor, the Company may also require the transferor thereof will, if required by the Company, to provide to the Company an opinion of counsel selected by the transferor, reasonably acceptable to the Company, the form and substance of which opinion shall be reasonably satisfactory to the Company, to the effect that such transfer does not require registration of such transferred Securities under the Securities Act.
Appears in 1 contract