Common use of Removal of Transfer Restrictions Clause in Contracts

Removal of Transfer Restrictions. Any legend endorsed on a -------------------------------- certificate evidencing shares of Company Stock and the stop transfer instructions and record notations with respect to such shares shall be removed, and the Company shall issue a certificate without such legend to the holder of such shares in the event that (i) such shares have been sold pursuant to an effective registration statement under the Act, (ii) a notification under Regulation A under the Act is in effect with respect thereto, or (iii) such shares have been sold under Rule 144 or Rule 144A under the Act.

Removal of Transfer Restrictions. Any The Company shall remove any legend endorsed on a -------------------------------- stock certificate evidencing shares of Company Stock Shares pursuant to Section 2.3, and the any stop transfer instructions and record notations with respect to such shares shall be removed, Shares and the Company shall issue a certificate without such legend to the holder of such shares Shares: (a) if such Shares are transferred in the event that (i) such shares have been sold pursuant to an effective registration statement a transaction registered under the Act, (ii) a notification under Regulation A under the Securities Act is in effect with respect thereto, or (iiib) if such shares have been sold holder provides the Company with an opinion of counsel to the effect that a sale or transfer of such Shares may be made under Rule 144 or Rule 144A under the ActSecurities Act or otherwise without registration under the Securities Act and are not restricted following such sale or transfer.

Removal of Transfer Restrictions. Any legend endorsed on a -------------------------------- certificate evidencing shares of Company Stock and the stop transfer instructions and record notations with respect to such shares shall be removed, and the Company shall issue a certificate without such legend to the holder of such shares in the event that (i) such shares have been sold pursuant to an effective registration statement under the Securities Act, (ii) a notification under Regulation A under the Securities Act is in effect with respect thereto, or (iii) such shares have been sold under Rule 144 or Rule 144A under the Securities Act.

Removal of Transfer Restrictions. Any legend endorsed on a -------------------------------- certificate evidencing shares of Company Stock and the stop transfer instructions and record notations with respect to such shares shall be removed, removed and the Company shall issue a certificate without such legend to the holder of such shares in the event that of Company Stock (i) if such shares have been sold pursuant to an effective registration statement Shares are registered under the Act, or (ii) if a notification under Regulation A under the Act is in effect with respect thereto, or (iii) if such shares have been may be sold under Rule 144 or Rule 144A under the Act.