Registrable Common Shares

Registrable Common Shares. Means the Investor Shares (and not including the Registrable Warrant Shares) but excluding (i) any Registrable Common Shares that have been publicly sold or may be sold immediately without volume or manner of sale limitations and without registration under the Securities Act either pursuant to Rule 144 of the Securities Act or otherwise; (ii) any Registrable Common Shares sold by a person in a transaction pursuant to a registration statement filed under the Securities Act, or (iii) any... Registrable Common Shares that are at the time subject to an effective registration statement under the Securities Act. View More

Registrable Common Shares. Means, collectively, with respect to any Stockholder, (a) the shares of Common Stock issued or issuable in the name of such Stockholder pursuant to the Mergers and held in the name of such Stockholder, (b) the Warrant Shares issued or issuable from time to time in the name of such Stockholder pursuant to US LEC Warrants held in the name of such Stockholder as of the date hereof, and (c) any shares of Common Stock paid, issued or distributed in the name of such Stockholder in respect of any... shares of Common Stock referred to in clause (a) or (b) (including Warrant -3- Shares) by way of a stock dividend or distribution or stock split and held by such Stockholder. Shares of Common Stock shall cease to be Registrable Common Shares in accordance with Section 2. View More

Registrable Common Shares. Whether owned by Elutions or a Permitted Transferee, (1) the Shares, (2) any Warrant Shares issued by the Company upon exercise of any Warrant, and (3) any additional shares of Common Stock issued by the Company in respect of Shares or Warrant Shares described in subclause (1) or (2) after the issuance of such Shares or Warrant Shares, as applicable, or in respect of additional shares of Common Stock, in each case in connection with a stock dividend, stock split, combination, exchange,... reorganization, recapitalization or similar reclassification of the Company's securities, or otherwise as a dividend or other distribution with respect to, or in exchange for or in replacement of such Shares, Warrant Shares or additional shares of Common Stock of the Company; provided, that, as to any particular Registrable Common Shares, such securities shall cease to constitute Registrable Common Shares when: (w) 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 thereunder; (x) such securities shall have been sold in satisfaction of all applicable conditions to the resale provisions of Rule 144 under the Securities Act (or any similar provision then in force); (y) such securities are otherwise transferred and such securities may be resold without subsequent registration under the Securities Act, or (z) such securities shall have ceased to be issued and outstanding View More

Registrable Common Shares. Means the shares of Common Stock issued to the Investors pursuant to the Purchase Agreement and the Warrant Shares, and any shares of capital stock issued or issuable from time to time (with any adjustments) in replacement of, in exchange for or otherwise in respect of such shares of Common Stock or Warrant Shares.

Registrable Common Shares. Means the Common Stock (and not including the Registrable Warrant Shares) but excluding (i) the Shares, (ii) any Common Stock that have been publicly sold or are eligible be sold under the Securities Act pursuant to Rule 144 of the Securities Act during any ninety (90) day period; (iii) any Common Stock sold by a person in a transaction pursuant to a registration statement filed under the Securities Act, or (iv) any Common Stock that are at the time subject to an effective registration... statement under the Securities Act. View More

Registrable Common Shares. The shares of Common Stock issued or issuable to each Purchaser in connection with such Purchaser's purchase of Units pursuant to the Subscription Agreements (and not including the shares of Common Stock issuable on exercise of the Investor Warrants issued to the Purchasers in connection with their purchase of Units) but excluding (i) any Registrable Common Shares that have been publicly sold or may be sold immediately without registration under the... Securities Act either pursuant to Rule 144 of the Securities Act or otherwise; (ii) any Registrable Common Shares sold by a person in a transaction pursuant to a registration statement filed under the Securities Act, or (iii) any Registrable Common Shares that are at the time subject to an effective registration statement under the Securities Act. View More

Registrable Common Shares. Means the Common Shares held by the Stockholders or affiliates of the Stockholders as of the date of the Qualifying IPO, provided however, Registrable Common Shares shall not include any securities sold by a Person to the public either pursuant to a Registration Statement or Rule 144.