Freely Tradable Sample Clauses
The 'Freely Tradable' clause establishes that the rights or interests under an agreement can be transferred or assigned to third parties without restriction. In practice, this means that a party may sell, assign, or otherwise transfer their contractual position or specific rights, such as shares or debt instruments, to others without needing consent from the other party or meeting additional conditions. This clause facilitates liquidity and flexibility, ensuring that parties can efficiently manage or exit their positions, and it removes barriers that might otherwise hinder the transferability of contractual rights.
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Freely Tradable. The Company confirms that (i) the Backstop Investor Shares will be freely tradeable without restrictive legends following the Business Combination; the Backstop Investor Shares will not require re-registration pursuant to a registration statement filed with the SEC on Form S-1 or Form S-3 or equivalent following the Business Combination; and that the Backstop Investor shall not be identified as a statutory underwriter in any registration statement filed with the SEC on Form S-1 or Form S-3 or equivalent.
Freely Tradable. The Company confirms that (i) the Open Market Shares will be freely tradeable without restrictive legends following the Business Combination; the Open Market Shares will not require re-registration pursuant to a registration statement filed with the SEC on Form S-1 or Form S-3 or equivalent following the Business Combination; and that the Backstop Investor shall not be identified as a statutory underwriter in any registration statement filed with the SEC on Form S-1 or Form S-3 or equivalent.
Freely Tradable. All shares issued pursuant to this Subscription Agreement have been registered pursuant to the Securities Act of 1933, as amended, on Form SB-2 (SEC File No: 333-72380)(the "Registration Statement"). This Registration Statement will be or has become effective as of the date of the execution of this Agreement and no stop order shall have been issued regarding the shares issued. Accordingly, the shares subscribed to and issued pursuant to this Agreement are freely tradable and unrestricted.
Freely Tradable. The Company confirms that (i) the Non-Redemption Shares will be freely tradeable without restrictive legends following the Redemption Deadline; (ii) the Non-Redemption Shares will not require re-registration pursuant to a registration statement filed with the SEC on Form S-1 or Form S-3 or equivalent following the Business Combination; and that (iii) the Investor shall not be identified as a statutory underwriter in any registration statement filed with the SEC on Form S-1 or Form S-3 or equivalent.
Freely Tradable. The Company confirms that except with respect to the Lock-Up Shares and any Replacement Shares, (i) the Backstop Investor Shares will be freely tradable without restrictive legends following the Business Combination, (ii) the Backstop Investor Shares will not require re-registration pursuant to a registration statement filed with the SEC on Form S-1 or Form S-3 or equivalent following the Business Combination, and (iii) that the Backstop Investor shall not be identified as a statutory underwriter in any registration statement filed with the SEC on Form S-1 or Form S-3 or equivalent, subject in each case to compliance with applicable securities laws.
Freely Tradable. AXll shares issued pursuant to this Subscription Agreement have been registered pursuant to the Securities Act of 1933, as amended, on Form SB-2 (SEC File No: 333-_____) (the "Registration Statement"). This Registration Statement will be or has become effective as of the date of the execution of this Agreement and no stop order shall have been issued regarding the shares issued. Accordingly, the shares subscribed to and issued pursuant to this Agreement are freely tradable and unrestricted.
Freely Tradable. By no later than the 380th day after the original issue date of any Notes under this Indenture, Solera will cause those Notes to become Freely Tradable. Solera will provide prompt notice to all Holders of Notes when such Notes become Freely Tradable.”
Section 1.01. Section 1.01 of the Indenture is hereby amended by adding the following definition thereto:
Freely Tradable. An Initial Security shall be deemed to be “Freely Tradable” at any time of determination if at such time of determination (i) it may be sold to the public pursuant to Rule 144 under the Securities Act by a person that is not an “affiliate” (as defined in Rule 144 under the Securities Act) of the Company without regard to any of the conditions specified therein (other than the holding period requirement in paragraph (d) of Rule 144 so long as such holding period requirement is satisfied at such time of determination) and (ii) it does not bear any restrictive legends relating to the Securities Act. Guarantees: As defined in the Purchase Agreement.
Freely Tradable. The BAM Shares will not be subject to any statutory hold period under the Securities Act (Ontario) and no other documents will be required to be filed, proceedings taken, or approvals, permits, consents, orders or authorizations of regulatory authorities required to be obtained by BAM under the Securities Act (Ontario) in connection with the first trade of such BAM Shares in Ontario, provided that (a) at the time of such first trade, BAM is and has been a reporting issuer (within the meaning of the Securities Act (Ontario)) in Ontario for the four months preceding the trade; (b) the trade is not a “control distribution” as defined under the Canadian Securities Administrators’ National Instrument 45-102; (c) such first trade has not been preceded by an unusual effort (by any Person other than BAM or its Affiliates) to prepare the market or to create a demand for the securities and no extraordinary commission or consideration is paid in respect of the trade; and (d) the trade complies with Rule 904 of Regulation S or is otherwise exempt from registration under the Securities Act and any other applicable United States securities laws.
Freely Tradable. The issuance of the Takeback Shares and the Additional Shares are exempt from the prospectus and registration requirements of the Securities Act (Ontario) and, subject to the contractual restrictions set forth in the Escrow Agreement, the Takeback Shares and the Additional Shares will be freely tradable and (assuming that the Vendor is not, and does not become, a “control person” of the Purchaser) not subject to any statutory hold period or other restriction on transfer, other than a four-month hold period from the date of issuance of such Takeback Shares or the Additional Shares, as applicable.