Registrable Securities Definition Example

Registrable Securities. Means a any shares of Common Stock held by the Investor that is issuable upon conversion of the Series C Preferred Stock, and b any shares of Common Stock issued or issuable with respect to any shares described in subsection a above by way of a stock dividend or stock split or in connection with a combination of shares, recapitalization, merger, consolidation or other reorganization it being understood that for purposes of this Agreement, a Person shall be deemed to be a holder of Registrable... Securities whenever such Person has the right to then acquire or obtain from the Company any Registrable Securities, whether or not such acquisition has actually been effected. As to any particular Registrable Securities, such securities shall cease to be Registrable Securities when i a Registration Statement covering such securities has been declared effective by the SEC and such securities have been disposed of pursuant to such effective Registration Statement, ii such securities are sold under circumstances in which all of the applicable conditions of Rule 144 or any similar provisions then in force under the Securities Act are met, iii such securities are otherwise transferred and such securities may be resold without subsequent registration under the Securities Act, or iv such securities shall have ceased to be outstanding. View More