IBM Registrable Securities

IBM Registrable Securities. Shall mean the IBM Shares with respect to which IBM is granted registration rights by the Company solely under Section 4 of this Agreement. Notwithstanding the foregoing, IBM Registrable Securities shall not include any securities sold by IBM to the public pursuant to a registration statement or Rule 144 promulgated under the Securities Act or sold in a private transaction in which the transferor's rights under Sections 3, 4 and 5 of this Agreement are not assigned. For greater certainty, and... not in limitation of the foregoing, any reference to IBM Registrable Securities held by IBM shall not be deemed to include IBM Registrable Securities which IBM may acquire upon exchange and/or conversion of Shares then held by IBM. View More