Termination of Conditions and Obligations. The restrictions imposed by Section 5 or this Section 7 upon the transferability of the Securities shall cease and terminate as to any particular number of the Securities (including the Warrant Shares) upon the passage of two years from the effective date of the Registration Statement covering such Securities or at such time as an opinion of counsel 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.
Appears in 4 contracts
Sources: Securities Purchase Agreement (Prospect Venture Partners III L P), Purchase Agreement (Ovation Products Corp), Purchase Agreement (Ovation Products Corp)
Termination of Conditions and Obligations. The restrictions imposed by Section 5 4 or this Section 7 6 upon the transferability of the Securities shall cease and terminate as to any particular number of the Securities (including the Warrant Shares) upon the passage of two years from the effective date of the Registration Statement covering such Securities Closing Date or at such time as an opinion of counsel 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.
Appears in 4 contracts
Sources: Securities Purchase Agreement (Rita Medical Systems Inc), Securities Purchase Agreement (Rita Medical Systems Inc), Securities Purchase Agreement (Cardiodynamics International Corp)
Termination of Conditions and Obligations. The restrictions imposed by Section 5 4 or this Section 7 6 upon the transferability of the Securities Warrant Shares shall cease and terminate as to any particular number of the Securities (including the Warrant Shares) Shares upon the passage of two years from the effective date of the Registration Statement covering such Securities the Warrant Shares or at such time as an opinion of counsel 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.
Appears in 2 contracts
Sources: Share Purchase Agreement (Lecroy Corp), Placement Agent Agreement (Lecroy Corp)
Termination of Conditions and Obligations. The restrictions imposed by Section 5 (other than Section 5.2(a), (b) and (d)) or this Section 7 upon the transferability of the Securities Shares shall cease and terminate as to any particular number of the Securities (including the Warrant Shares) upon the passage of two years from the effective date of the Registration Statement covering such Securities original issuance thereof or at such time as an opinion of counsel 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.
Appears in 1 contract
Sources: Series I Preferred Stock Purchase Agreement (Exabyte Corp /De/)
Termination of Conditions and Obligations. The restrictions imposed by Section 5 or this Section 7 upon the transferability of the Registrable Securities shall cease and terminate as to any particular number of the Securities (including the Warrant Shares) Shares upon the passage of two years twenty-four months from the effective date of the Registration Statement covering such Securities Shares or at such time as an opinion of counsel 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.
Appears in 1 contract
Termination of Conditions and Obligations. The restrictions conditions precedent imposed by Section 5 5.9 or this Section 7 7.2 upon the transferability of the Securities securities purchased pursuant to this Agreement shall cease and terminate as to any particular number of securities upon the Securities earlier of (including the Warrant Sharesi) upon the passage of two years from the effective date of the Registration Statement covering such Securities or and (ii) at such time as an opinion of counsel 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.
Appears in 1 contract
Termination of Conditions and Obligations. The restrictions conditions precedent imposed by Section 5 4.4 or this Section 7 6.2 upon the transferability of the Securities Shares shall cease and terminate as to any particular number of the Securities (including the Warrant Shares) upon the passage of two years twenty-four months from the effective date of the Registration Statement covering such Securities Closing Date or at such time as an opinion of counsel 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.
Appears in 1 contract
Termination of Conditions and Obligations. The restrictions imposed by Section 5 5.9 or this Section 7 7.2 upon the transferability of the Securities shall cease and terminate as to any particular number of the Securities upon the earlier of (including the Warrant Sharesi) upon the passage of two years one year from the effective date of the Registration Statement covering such Securities or and (ii) at such time as an opinion of counsel 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.
Appears in 1 contract
Termination of Conditions and Obligations. The restrictions imposed by Section 5 or this Section 7 upon the transferability of the Securities shall cease and terminate as to any particular number of the Securities (including the Warrant Shares) upon the passage of two years from the effective date of the Registration Statement covering such the Securities or at such time as an opinion of counsel 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.
Appears in 1 contract
Termination of Conditions and Obligations. The restrictions imposed by Section 5 6 or this Section 7 8 upon the transferability of the Securities Shares shall cease and terminate as to any particular number of the Securities (including the Warrant Shares) Shares upon the passage of two years twenty-four (24) months from the effective date of the Registration Statement covering such Securities Closing Date or at such time as an opinion of counsel 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.
Appears in 1 contract
Termination of Conditions and Obligations. The restrictions conditions precedent imposed by Section 5 5.10 or this Section 7 7.2 upon the transferability of the Securities securities purchased pursuant to this Agreement shall cease and terminate as to any particular number of securities upon the Securities earlier of (including the Warrant Sharesi) upon the passage of two years from the effective date of the Registration Statement covering such Securities or and (ii) at such time as an opinion of counsel 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.
Appears in 1 contract
Sources: Purchase Agreement (Precision Optics Corporation Inc)