Initial Registrable Securities

Initial Registrable Securities. Means: (i) the Common Shares, if any, issued upon exchange of the Notes or upon exchange of the Junior Preferred Stock, if any, issued upon exchange of the Notes, until the earliest of (i) their effective registration under the Securities Act and the resale of all such Common Shares in accordance with the Shelf Registration Statement, (ii) the date on which all such Common Shares are freely transferable by persons who are not Affiliates of the Company in a single transaction at one time... without registration under the Securities Act, or (iii) the date on which all such Common Shares cease to be outstanding. View More

Initial Registrable Securities. Means all of the Registrable Securities held by Investors as of the date of this Agreement after giving effect to the consummation of the transactions contemplated by the Financing Agreement, including the issuance of the Notes (which includes the Shares, the Exchange Shares and the Conversion Shares).

Initial Registrable Securities. Means (i) the Shares required to be issued on the Initial Closing Date and (ii) any shares in capital issued or issuable with respect to such Initial Shares as a result of any share split, share dividend, recapitalization, exchange or similar event or otherwise, without regard to any limitations on issuances of the Initial Shares.

Initial Registrable Securities. For the Initial Registration Statement means (i) the Common Shares, (ii) the Conversion Shares issued or issuable upon conversion of the Notes, (iii) the Interest Shares issued or issuable with respect to the Notes, (iv) the Warrant Shares issued or issuable upon exercise of the Warrants and (v) any capital stock of the Company issued or issuable, with respect to the Common Shares, the Notes, the Conversion Shares, the Interest Shares, the Warrant Shares or the Warrants as a result of any stock... split, stock dividend, recapitalization, exchange or similar event or otherwise, without regard to any limitations on conversion and/or redemption of the Notes or exercise of the Warrants; provided, that the Investor has completed and delivered to the Company selling stockholder information consistent with Investor's obligations hereunder; and provided further, that Common Shares, Conversion Shares, Interest Shares, Warrant Shares and any capital stock of the Company issued or issuable with respect to the foregoing shall cease to be Initial Registrable Securities upon the earliest to occur of the following: (A) sale pursuant to a Registration Statement or Rule 144 under the 1933 Act (in which case, only such securities sold shall cease to be Registrable Securities); or (B) becoming eligible for sale without the requirement to be in compliance with Rule 144(c)(1) and otherwise without restriction or limitation pursuant to Rule 144. View More

Initial Registrable Securities. For t he Initial Registration Statement means 2.5 million of shares of Common Stock, comprised of, at the option of the Lender, any combination of the Shares, the Conversion Shares, the Warrant Shares and/or the Additional Warrant Shares, provided , that the Lender has completed and delivered to the Company selling stockholder information consistent with Lender's obligations hereunder.

Initial Registrable Securities. Shall mean the shares of Common Stock issued pursuant to the Exchange Agreement and any securities issued or issuable with respect to any such Common Stock by way of stock dividend or stock split or in connection with a combination of shares, recapitalization, merger, consolidation or other reorganization or otherwise. Initial Registrable Securities shall cease to be Initial Registrable Securities when (a) a registration statement with respect to the sale of such securities shall have become... effective under the Securities Act and such securities shall have been disposed of in accordance with such registration statement, (b) they shall have been distributed to the public pursuant to Rule 144, or (c) they shall have ceased to be outstanding. For purposes of this Agreement, a Person shall be deemed to be a holder of Initial Registrable Securities, and the Initial Registrable Securities shall be deemed to be in existence, whenever such Person has the right to acquire directly or indirectly such Initial Registrable Securities (upon conversion or exercise in connection with a transfer of securities or otherwise, but disregarding any restrictions or limitations upon the exercise of such right), whether or not such acquisition has actually been effected, and such Person shall be entitled to exercise the rights of a holder of Initial Registrable Securities hereunder. View More

Initial Registrable Securities. Means all of (i) the Initial Shares and (ii) any securities issued or issuable upon any stock split, dividend or other distribution, recapitalization or similar event with respect to the foregoing, provided, that the Holder has completed and delivered to the Company a Selling Stockholder Questionnaire; and provided, further, that with respect to a particular Holder, such Holder's Initial Shares shall cease to be Initial Registrable Securities upon the earliest to occur of the following: (A) a... sale pursuant to a Registration Statement or Rule 144 under the Securities Act (in which case, only such security sold by the Holder shall cease to be a Initial Registrable Security); or (B) becoming eligible for resale by the Holder under Rule 144 without the requirement for the Company to be in compliance with the current public information required thereunder and without volume or manner-of-sale restrictions View More

Initial Registrable Securities. Means (i) the Conversion Shares issuable upon conversion of the Initial Notes, (ii) the Interest Shares issuable pursuant to the Initial Notes, (iii) the Warrant Shares issuable upon exercise of the Series A Warrants and (iv) any capital stock of the Company issued or issuable with respect to such Conversion Shares, such Warrant Shares, such Interest Shares, the Initial Notes or the Series A Warrants, including, without limitation, (1) as a result of any stock split, stock dividend,... recapitalization, exchange or similar event or otherwise and (2) shares of capital stock of the Company into which the shares of Common Stock (as defined in the Initial Notes) are converted or exchanged and shares of capital stock of a Successor Entity (as defined in the Series A Warrants) into which the shares of Common Stock are converted or exchanged, in each case, without regard to any limitations on conversion of the Initial Notes or exercise of the Series A Warrants; provided, however, that Initial Registrable Securities shall not include any equity securities which (A) have been sold in a registered offering pursuant to the 1933 Act or (B) are eligible for resale by a Person who is not an "affiliate" (as defined in Rule 144) of the Company pursuant to Rule 144 without restriction (including, without limitation, volume restrictions) and without the need for current public information required by Rule 144(c)(1) (or Rule 144(i)(2), if applicable). View More

Initial Registrable Securities. (a) the Unit Shares; (b) the Warrant Shares; and (c) any securities issued or then issuable upon any stock split, dividend or other distribution, recapitalization or similar event with respect to the foregoing; provided, however, that any such Initial Registrable Securities shall cease to be Initial Registrable Securities (and the Company shall not be required to maintain the effectiveness of any, or file another, Registration Statement hereunder with respect thereto) for so long as (a) a... Registration Statement with respect to the sale of such Initial Registrable Securities is declared effective by the Commission under the Securities Act and such Initial Registrable Securities have been disposed of by Investor in accordance with such effective Registration Statement; (b) such Initial Registrable Securities have been previously sold in accordance with Rule 144; (c) such securities become eligible for resale without volume or manner-of-sale restrictions and without current public information pursuant to Rule 144 as set forth in a written opinion letter to such effect, addressed, delivered and acceptable to the Transfer Agent and Investor as reasonably determined by the Company, upon the advice of counsel to the Company; (d) such securities have otherwise been disposed of by Investor pursuant to an exemption from the registration requirements of the Securities Act. View More

Initial Registrable Securities. (i) the Shares, (ii) the Series A Warrant Shares and (iii) any other securities issued or issuable with respect to or in exchange for Initial Registrable Securities, whether by merger, charter amendment or otherwise; provided, that, a security shall cease to be an Initial Registrable Security upon (A) sale pursuant to a Registration Statement or Rule 144 under the 1933 Act, or (B) such security becoming eligible for sale without restriction by the Investors pursuant to Rule 144