Registrable Conversion Securities

Registrable Conversion Securities. Means (A) the Conversion Shares (as defined in the Purchase Agreement) issuable upon conversion of the Preference Stock and (B) any shares of capital stock issued or issuable as a dividend on or in exchange for or otherwise with respect to Conversion Shares.

Registrable Conversion Securities. Shall mean the shares of Common Stock issuable upon the conversion of the Notes pursuant to Section 6 thereof and any securities issued or issuable upon any stock split, dividend or other distribution, recapitalization or similar event with respect to the foregoing; provided, however, that such securities shall only be treated as Registrable Securities if and only for so long as they (i) have not been disposed of pursuant to a registration statement declared effective by the Commission;... (ii) have not been sold in a transaction exempt from the registration and prospectus delivery requirements of the Securities Act so that all transfer restrictions and restrictive legends with respect thereto are removed upon the consummation of such sale; and (iii) are held by a Holder. View More