Common use of Registrable Security Clause in Contracts

Registrable Security. The term Registerable Security means (i) any shares of Common Stock issuable to Atlantic pursuant to the conversion of notes issuable pursuant to the terms of the Funding Commitment Agreement or otherwise held by Atlantic, (ii) any other shares of Common Stock owned by Atlantic and (iii) any shares of Common Stock or other securities that may subsequently be issued with respect to such shares of Common Stock as a result of a stock split or dividend or any sale, transfer, assignment or other transaction by Homestead involving the shares of Common Stock and any securities into which the shares of Common Stock may thereafter be changed as a result of merger, consolidation, recapitalization or otherwise. As to any particular Registrable Securities, such securities will cease to be Registrable Securities when they have been distributed to the public pursuant to an offering registered under the Securities Act. All Registrable Securities shall cease to be Registrable Securities when all such securities may be sold in any three-month period pursuant to Rule 144, or any successor to such rule, under the Securities Act.

Appears in 3 contracts

Samples: Investor and Registration Rights Agreement (Security Capital Group Inc/), Investor and Registration Rights Agreement (Homestead Village Inc), Investor and Registration Rights Agreement (Security Capital Atlantic Inc)

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Registrable Security. The term Registerable Registrable Security means (i) any shares of Common Stock issuable to Atlantic PTR pursuant to the conversion of notes issuable pursuant to the terms of the Funding Commitment Agreement or otherwise held by AtlanticPTR, (ii) any other shares of Common Stock owned by Atlantic PTR and (iii) any shares of Common Stock or other securities that may subsequently be issued with respect to such shares of Common Stock as a result of a stock split or dividend or any sale, transfer, assignment or other transaction by Homestead involving the shares of Common Stock and any securities into which the shares of Common Stock may thereafter be changed as a result of merger, consolidation, recapitalization or otherwise. As to any particular Registrable Securities, such securities will cease to be Registrable Securities when they have been distributed to the public pursuant to an offering registered under the Securities Act. All Registrable Securities shall cease to be Registrable Securities when all such securities may be sold in any three-month period pursuant to Rule 144, or any successor to such rule, under the Securities Act.

Appears in 2 contracts

Samples: Investor and Registration Rights Agreement (Homestead Village Inc), Investor and Registration Rights Agreement (Security Capital Pacific Trust)

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Registrable Security. The term Registerable Registrable Security -------------------- means (i) any shares of Common Stock issuable to Atlantic PTR pursuant to the conversion of notes issuable pursuant to the terms of the Funding Commitment Agreement or otherwise held by AtlanticPTR, (ii) any other shares of Common Stock owned by Atlantic PTR and (iii) any shares of Common Stock or other securities that may subsequently be issued with respect to such shares of Common Stock as a result of a stock split or dividend or any sale, transfer, assignment or other transaction by Homestead involving the shares of Common Stock and any securities into which the shares of Common Stock may thereafter be changed as a result of merger, consolidation, recapitalization or otherwise. As to any particular Registrable Securities, such securities will cease to be Registrable Securities when they have been distributed to the public pursuant to an offering registered under the Securities Act. All Registrable Securities shall cease to be Registrable Securities when all such securities may be sold in any three-month period pursuant to Rule 144, or any successor to such rule, under the Securities Act.

Appears in 1 contract

Samples: Investor and Registration Rights Agreement (Security Capital Pacific Trust)

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