Freely Tradeable Shares

Example Definitions of "Freely Tradeable Shares"
Freely Tradeable Shares. Shares of Series DF-1 Preferred Stock which, at the time of issuance thereof, (a)(i) are duly authorized, validly issued, fully paid and non-assessable, (ii) are eligible for resale by the Lenders, without limitation or restriction (including any volume limitation or current public information requirement) under state or Federal securities laws, pursuant to Rule 144 under the Securities Act, and (iii) do not bear, and are not subject to, any restrictive legend, stop transfer or similar... restriction, and (b) are convertible into shares of Common Stock which, at the time of issuance thereof upon conversion of such shares of Series DF-1 Preferred Stock, (i) will be duly authorized, validly issued, fully paid and non-assessable, (ii) will be eligible for resale by any holder thereof, without limitation or restriction (including any volume limitation or current public information requirement) under state or Federal securities laws, pursuant to Rule 144 under the Securities Act, and (iii) will not bear, and will not be subject to, any restrictive legend, stop transfer or similar restriction (assuming in the case of clauses (b)(ii) and (b)(iii), that such holder is not at the time of such conversion, and has not during the three (3) months immediately prior thereto been, an Affiliate of the Borrower). View More
Found in ENDOLOGIX INC contract
Freely Tradeable Shares. Means Shares of Series DF-1 Preferred Stock which, at the time of issuance thereof, (a)(i) (i) are duly authorized, validly issued, fully paid and non-assessable, (ii) are eligible for resale by the Lenders, Holder, without limitation or restriction (including any volume limitation or current public information requirement) under state or Federal federal securities laws, pursuant to Rule 144 under the Securities Act, Act or are the subject of an effective registration statement under the... Securities Act covering the resale thereof, as provided for in the Registration Rights Agreement, and (iii) do not bear, and are not subject to, any restrictive legend, stop transfer or similar restriction, and (b) are convertible into shares of Common Stock which, at the time of issuance thereof upon conversion of such shares of Series DF-1 Preferred Stock, (i) will be duly authorized, validly issued, fully paid and non-assessable, (ii) will be eligible for resale by any holder thereof, without limitation or restriction (including any volume limitation or current public information requirement) under state or Federal securities laws, pursuant to Rule 144 under the Securities Act, and (iii) will not bear, and will not be subject to, any restrictive legend, stop transfer or similar restriction (assuming in the case of clauses (b)(ii) (ii) and (b)(iii), (iii), that such holder is not at the time of such conversion, and has not during the three (3) months immediately prior thereto been, an Affiliate of the Borrower). Company). View More
Found in Intersect ENT, Inc. contract
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Freely Tradeable Shares. Shares that, at the time of issuance thereof, (i) are duly authorized, validly issued, fully paid and non-assessable, (ii) are the subject of an effective registration statement that is available for the resale thereof, as provided for in the Registration Rights Agreement, and (iii) do not bear, and are not subject to, any restrictive legend, stop transfer or similar restriction.
Found in Sientra, Inc. contract
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