Common use of Termination of Restrictions Clause in Contracts

Termination of Restrictions. The restrictions imposed by this Section 9 upon the transferability of Restricted Securities shall cease and terminate as to any particular Restricted Securities: (a) which shall have been effectively registered under the Securities Act, or (b) when, in the opinions of both counsel for the Holder and counsel for the Company, such restrictions are no longer required to insure compliance with the Securities Act. Whenever such restrictions shall cease and terminate as to any Restricted Securities, the Holder shall be entitled to receive from the Company, without expense (other than applicable transfer taxes, if any), new securities of like tenor not bearing the applicable legends required by Section 9.1 hereof.

Appears in 4 contracts

Sources: Warrant Agreement (Plug Power Inc), Warrant Agreement (West Coast Realty Trust, Inc.), Warrant Agreement (Regenerx Biopharmaceuticals Inc)

Termination of Restrictions. The restrictions imposed by this Section 9 upon the transferability of Restricted Securities Securi ties shall cease and terminate as to any particular Restricted Securities: Securities (a) which when such Restricted Securities shall have been effectively registered under the Securities Act, or (b) when, in the opinions of both counsel for the Holder holder thereof and counsel for the Company, such restrictions are no longer required in order to insure compliance with the Securities Act. Whenever such restrictions shall cease and terminate as to any Restricted Securities, the Holder holder thereof shall be entitled to receive from the Company, without expense (other than applicable transfer taxes, if any), new securities of like tenor not bearing the applicable legends required by Section 9.1 hereof.

Appears in 4 contracts

Sources: Common Stock Purchase Warrant (Physician Computer Network Inc /Nj), Common Stock Purchase Warrant (Picower Jeffry M), Stock Purchase Agreement (Picower Jeffry M)

Termination of Restrictions. The restrictions imposed by this Section section 9 upon the transferability of Restricted Securities shall cease and terminate as to any particular Restricted Securities: Securities (a) which when such securities shall have been effectively registered under the Securities Act, or (b) when, in the opinions of both counsel for the Holder holder thereof and counsel for the Company, such restrictions are no longer required in order to insure compliance with the Securities Act. Whenever such restrictions shall cease and terminate as to any Restricted Securities, the Holder holder thereof shall be entitled to receive from the Company, without expense (other than applicable transfer taxes, if any), new securities of like tenor not bearing the applicable legends required by Section 9.1 hereofsection 9.1.

Appears in 4 contracts

Sources: Common Stock Purchase Warrant (Banque Paribas), Common Stock Purchase Warrant (Banque Paribas), Non Voting Common Stock Purchase Warrant (Granite Broadcasting Corp)

Termination of Restrictions. The restrictions imposed by this Section 9 6 upon the transferability of Restricted Securities shall cease and terminate as to any particular Restricted Securities: Securities (a) which when such securities shall have been effectively registered under the Securities Act, or (b) when, in the opinions opinion of both counsel for the Holder and counsel for holder thereof, reasonably satisfactory to the Company, such restrictions are no longer required in order to insure compliance with the Securities Act. Whenever such restrictions shall cease and terminate as to any Restricted Securities, the Holder holder thereof shall be entitled to receive from the Company, without expense (other than applicable transfer taxes, if any), new certificates for such securities of like tenor not bearing the applicable legends required by Section 9.1 hereof6.3.

Appears in 3 contracts

Sources: Stock Purchase Agreement (Magellan Health Services Inc), Stock Purchase Agreement (Magellan Health Services Inc), Stock Purchase Agreement (Magellan Health Services Inc)

Termination of Restrictions. The restrictions imposed by this Section 9 7 upon the transferability of Restricted Securities shall cease and terminate as to any particular Restricted Securities: (a) which Restricted Securities shall have been effectively registered under the Securities Act, or (b) when, in the opinions of both counsel for the Holder holder thereof and counsel for the Company, such restrictions are no longer required in order to insure compliance with the Securities ActAct or Section 8 hereof. Whenever such restrictions shall cease and terminate as to any Restricted Securities, the Holder thereof shall be entitled to receive from the Company, without expense (other than applicable transfer taxes, if any), new securities of like tenor not bearing the applicable legends required by Section 9.1 7.1 hereof.

Appears in 3 contracts

Sources: Common Stock Purchase Warrant (Datatec Systems Inc), Common Stock Purchase Warrant (Gold Bond Resources Inc), Common Stock Purchase Warrant (Gold Bond Resources Inc)

Termination of Restrictions. The restrictions imposed by this Section 9 8 upon the transferability of Restricted Securities shall cease and terminate as to any particular Restricted Securities: (a) which Restricted Securities shall have been effectively registered under the Securities Act, or (b) when, in the opinions of both counsel for the Holder thereof and counsel for the Company, such restrictions are no longer required in order to insure compliance with the Securities ActAct or Section 8 hereof. Whenever such restrictions shall cease and terminate as to any Restricted Securities, the Holder thereof shall be entitled to receive from the Company, without expense (other than applicable transfer taxes, if any), new securities of like tenor not bearing the applicable legends required by Section 9.1 8.1 hereof.

Appears in 2 contracts

Sources: Warrant Agreement (Clearsign Combustion Corp), Common Stock Purchase Warrant (Crossroads Systems Inc)

Termination of Restrictions. The restrictions imposed by this Section 9 10 upon the transferability of Restricted Securities shall cease and terminate as to any particular Restricted Securities: Securities (a) which Restricted Securities shall have been effectively registered under the Securities Act, or (b) when, in the opinions of both counsel for the Holder holder thereof and counsel for the Company, such restrictions are no longer required in order to insure compliance with the Securities ActAct or Section 12 hereof. Whenever such restrictions shall cease and terminate as to any Restricted Securities, the Holder holder thereof shall be entitled to receive from the Company, without expense (other than applicable transfer taxes, if any), new securities of like tenor not bearing the applicable legends required by Section 9.1 10.1 hereof.

Appears in 2 contracts

Sources: Common Stock Purchase Warrant (Ariba Inc), Warrant Agreement (Ariba Inc)

Termination of Restrictions. The restrictions imposed by this Section 9 8 upon the transferability of Restricted Securities shall cease and terminate as to any particular Restricted Securities: (a) which Restricted Securities shall have been effectively registered under the Securities Act, or (b) when, in the opinions of both counsel for the Holder thereof and counsel for the Company, such restrictions are no longer required in order to insure compliance with the Securities ActAct or Section 8 hereof. Whenever such restrictions shall cease and terminate as to any Restricted Securities, the Holder thereof shall be entitled to receive from the Company, without expense (other than applicable transfer taxes, if any), new securities of like tenor not bearing the applicable legends required by Section 9.1 8.1 hereof.

Appears in 2 contracts

Sources: Common Stock Purchase Warrant (Debt Resolve Inc), Warrant Agreement (Debt Resolve Inc)

Termination of Restrictions. The restrictions imposed by this Section section 9 upon the transferability of Restricted Securities the Warrant and the Warrant Shares shall cease and terminate as to the Warrant and any particular Restricted Securities: Warrant Shares (a) which when such securities shall have been effectively registered under the Securities Act, or (b) when, in the opinions of both counsel for the Holder holder thereof and counsel for the Company, such restrictions are no longer required in order to insure compliance with the Securities Act. Whenever such restrictions shall cease and terminate as to the Warrant and any Restricted SecuritiesWarrant Shares, the Holder holder thereof shall be entitled to receive from the Company, without expense (other than applicable transfer taxes, if any), new securities of like tenor not bearing the applicable legends required by Section 9.1 hereofsection 9.1.

Appears in 1 contract

Sources: Option Agreement (NKK Usa Corp)

Termination of Restrictions. The restrictions imposed by this Section --------------------------- section 9 upon the transferability of Restricted Securities the Warrant and the Warrant Shares shall cease and terminate as to the Warrant and any particular Restricted Securities: Warrant Shares (a) which when such securities shall have been effectively registered under the Securities Act, or (b) when, in the opinions of both counsel for the Holder holder thereof and counsel for the Company, such restrictions are no longer required in order to insure compliance with the Securities Act. Whenever such restrictions shall cease and terminate as to the Warrant and any Restricted SecuritiesWarrant Shares, the Holder holder thereof shall be entitled to receive from the Company, without expense (other than applicable transfer taxes, if any), new securities of like tenor not bearing the applicable legends required by Section 9.1 hereofsection 9.1.

Appears in 1 contract

Sources: Option Agreement (National Steel Corp)

Termination of Restrictions. The restrictions imposed by this Section --------------------------- section 9 upon the transferability of Restricted Securities shall cease and terminate as to any particular Restricted Securities: Securities (a) which when such securities - shall have been effectively registered under the Securities Act, or (b) when, in - the opinions of both counsel for the Holder holder thereof and counsel for the Company, such restrictions are no longer required in order to insure compliance with the Securities Act. Whenever such restrictions shall cease and terminate as to any Restricted Securities, the Holder holder thereof shall be entitled to receive from the Company, without expense (other than applicable transfer taxes, if any), new securities of like tenor not bearing the applicable legends required by Section 9.1 hereofsection 9.1.

Appears in 1 contract

Sources: Common Stock Purchase Warrant (Synbiotics Corp)

Termination of Restrictions. The restrictions imposed by this Section 9 7.02 upon the transferability of the Restricted Securities shall cease and terminate as to any particular Restricted Securities: (a) which shall have been effectively registered under the Securities Act, and any securities issued in exchange therefor or (b) upon transfer thereof when, in the opinions opinion of both counsel for the Holder and counsel for reasonably acceptable to the Company, such restrictions are no longer required in order to insure assure compliance with the Securities Act, or when such Restricted Securities have been registered under the Securities Act. Whenever any of such restrictions shall cease and terminate as to any Restricted Securities, the Holder holder thereof shall be entitled to receive from the Company, without expense (other than applicable transfer taxes, if any)expense, new securities of like tenor certificates not bearing the applicable legends required by legend set forth in Section 9.1 hereof7.02(a).

Appears in 1 contract

Sources: Unit Purchase Agreement (Metrocall Inc)

Termination of Restrictions. The restrictions imposed by this Section 9 upon the transferability of Restricted Securities shall cease and terminate as to any particular Restricted Securities: (a) which shall have been effectively registered under the Securities Act, or (b) when, in the opinions of both counsel for the Holder and counsel for the Company, such restrictions are no longer required in order to insure compliance with the Securities ActAct or Section 10 hereof. Whenever such restrictions shall cease and terminate as to any Restricted Securities, the Holder thereof shall be entitled to receive from the Company, without expense (other than applicable transfer taxes, if any), new securities of like tenor not bearing the applicable legends required by Section 9.1 hereofhereof or otherwise.

Appears in 1 contract

Sources: Warrant Agreement (Americredit Corp)

Termination of Restrictions. The One year after the Base Date, the restrictions imposed by this Section 9 upon the transferability of Restricted Securities shall cease and terminate as to any particular Restricted Securities: (a) which shall have been effectively registered under the Securities Act, or (b) when, in the opinions opinion of both counsel for the Holder and counsel for the Company, such restrictions are no longer required in order to insure compliance with the Securities ActAct or Section 10 hereof. Whenever such restrictions shall cease and terminate as to any Restricted Securities, the Holder thereof shall be entitled to receive from the Company, without expense (other than applicable transfer taxes, if any), new securities of like tenor not bearing the applicable legends required by Section 9.1 hereof.

Appears in 1 contract

Sources: Underwriter Warrant (Clearsign Combustion Corp)

Termination of Restrictions. The restrictions imposed by this Section 9 8 upon the transferability of Restricted Securities shall cease and terminate as to any particular Restricted Securities: (a) which shall have been effectively registered under the Securities Act, or (b) when, in the opinions of both counsel for the Holder holder thereof and counsel for the Company, such restrictions are no longer required in order to insure compliance with the Securities ActAct or Section 9 hereof. Whenever such restrictions shall cease and terminate as to any Restricted Securities, the Holder thereof shall be entitled to receive from the Company, without expense (other than applicable transfer fees and taxes, if any), new securities of like tenor not bearing the applicable legends required by Section 9.1 8.1 hereof.

Appears in 1 contract

Sources: Securities Purchase Agreement (Dais Analytic Corp)

Termination of Restrictions. The restrictions imposed by this Section 9 upon the transferability of Restricted Securities shall cease and terminate as to any particular Restricted Securities: (a) which shall have been effectively registered under the Securities Act, or (b) when, in the opinions opinion of both counsel for the Holder and counsel for the Company, such restrictions are no longer required in order to insure compliance with the Securities ActAct or Section 10 hereof. Whenever such restrictions shall cease and terminate as to any Restricted Securities, the Holder thereof shall be entitled to receive from the Company, without expense (other than applicable transfer taxes, if any), new securities of like tenor not bearing the applicable legends required by Section 9.1 hereof.

Appears in 1 contract

Sources: Warrant Agreement (ClearSign Technologies Corp)

Termination of Restrictions. The restrictions imposed by this Section 9 10 upon the transferability of Restricted Securities shall cease and terminate as to any particular Restricted Securities: (a) which Restricted Securities shall have been effectively registered under the Securities Act, or (b) when, in the opinions of both counsel for the Holder holder thereof and counsel for the Company, such restrictions are no longer required in order to insure compliance with the Securities ActAct or Section 11 hereof. Whenever such restrictions shall cease and terminate as to any Restricted Securities, the Holder thereof shall be entitled to receive from the Company, without expense (other than applicable transfer taxes, if any), new securities of like tenor not bearing the applicable legends required by Section 9.1 10.1 hereof.

Appears in 1 contract

Sources: Placement Agent Units Purchase Option (Whitewing Environmental Corp)

Termination of Restrictions. The restrictions imposed by this Section 9 section 8 --------------------------- upon the transferability of Restricted Securities shall cease and terminate as to any particular Restricted Securities: Securities (a) which when such securities shall have been effectively registered under the Securities Act, Act or (b) when, in the opinions opinion of both counsel for the Holder and counsel for holder thereof, which opinion shall be reasonably satisfactory to the Company, such restrictions are no longer required in order to insure compliance with the Securities Act. Whenever such restrictions shall cease and terminate as to any Restricted Securities, the Holder holder thereof shall be entitled to receive from the Company, without expense (other than applicable transfer taxes, if any), new securities of like tenor not bearing the applicable legends required by Section 9.1 hereofsection 8.1.

Appears in 1 contract

Sources: Common Stock Purchase Warrant (Jp Foodservice Inc)

Termination of Restrictions. The restrictions imposed by this Section 9 6 upon the transferability of Restricted Securities shall cease and terminate as to any particular Restricted Securities: Securities (a) which when such securities shall have been effectively registered under the Securities Act, or (b) when, in the opinions opinion of both counsel for the Holder and counsel for the Companyholder thereof, such restrictions are no longer required in order to insure compliance with the Securities ActAct (including Rule 144). Whenever such restrictions shall cease and terminate as to any Restricted Securities, the Holder holder thereof shall be entitled to receive from the Company, without expense (other than applicable transfer taxes, if any), new securities of like tenor not bearing the applicable legends required by Section 9.1 hereof6.1.

Appears in 1 contract

Sources: Common Stock Purchase Warrant (Precision Response Corp)

Termination of Restrictions. The restrictions imposed by this Section 9 upon the transferability of Restricted Securities shall cease and terminate as to any particular Restricted Securities: (a) which shall have been effectively registered under the Securities Act, or (b) when, in the opinions of both counsel for the Holder and counsel for the Company, when such restrictions are no longer required in order to insure compliance with the Securities ActAct or Section 10 hereof. Whenever such restrictions shall cease and terminate as to any Restricted Securities, the Holder thereof shall be entitled to receive from the Company, without expense (other than applicable transfer taxes, if any), new securities of like tenor not bearing the applicable legends required by Section 9.1 hereofhereof or otherwise.

Appears in 1 contract

Sources: Warrant Agreement (Americredit Corp)