Exchange Shares definition

Exchange Shares has the meaning set forth in Section 2.01(b).

Exchange Shares has the meaning set forth in the recitals to this Agreement.

Exchange Shares means Company Common Stock issued or issuable upon the exchange of the Warrants pursuant to the terms thereof.

Examples of Exchange Shares in a sentence

• Notwithstanding the foregoing or anything else contained herein to the contrary, the Exchange Shares may be pledged as collateral in connection with a bona fide margin account or other lending arrangement.

• Shareholder understands that the Exchange Shares, until such time as the Exchange Shares have been registered under the Securities Act, or may be sold pursuant to Rule 144 or Regulation S without any restriction as to the number of securities as of a particular date that can then be immediately sold, the Exchange Shares may bear a standard Rule 144 legend and a stop-transfer order may be placed against transfer of the certificates for such Exchange Shares.

• Shareholder agrees to sell all Exchange Shares, including those represented by a certificate(s) from which the legend has been removed, in compliance with applicable prospectus delivery requirements, if any.

• The Exchange Shares to be issued and delivered to the Shareholder in accordance with this Agreement shall be, upon issuance and delivery of such Exchange Shares, be fully paid and non-assessable, free and clear of all Liens, other than restrictions arising from applicable securities Laws, and any Liens incurred by the Shareholder, and the issuance and sale of such Exchange Shares pursuant hereto will not be subject to or give rise to any preemptive rights or rights of first refusal.

• Shareholder understands that Shareholder’s investment in the Exchange Shares involves a significant degree of risk.

More Definitions of Exchange Shares

Exchange Shares has the meaning set forth in Section 3.2(c)(ii).

Exchange Shares has the meaning set forth in the Recitals.

Exchange Shares is defined in Section 2.2.

Exchange Shares has the meaning set forth in Section 4.1 hereof.

Exchange Shares shall have the meaning set forth in Section 24(a).

Exchange Shares has the meaning set forth in Section 2.2 of this Agreement.

Exchange Shares has the meaning assigned to it in the recitals hereof.