Common use of Registrable Notes Clause in Contracts

Registrable Notes. The Notes upon original issuance thereof and at all times subsequent thereto, until in the case of any such Note (i) a Registration Statement covering such Note has been declared effective and such Note has been disposed of in accordance with such effective Registration Statement, (ii) it is sold in compliance with, or may be sold without restriction pursuant to, Rule 144, (iii) it shall have been otherwise transferred and a new certificate for any such Note not bearing a legend restricting further transfer shall have been delivered by the Issuer, or (iv) it ceases to be outstanding.