ICA Related Transfer

ICA Related Transfer. Means, as a result of receiving advice from counsel that counsel would be unable to render an unqualified opinion that the Investor would not be required to register as an investment company under the ICA, or that continued ownership of the Warrant or Warrant Shares would risk the Investor failing to satisfy the requirements of possible exemptions or exclusions from being an investment company under the ICA, a transfer of Registrable Securities by the Investor to one or more third parties... (which, other than in connection with a Permitted Market Disposition, shall be institutional investors), including its equity holders (other than those who are the Company's competitors, as determined by the Company in reasonable good faith). View More