Common use of Termination of the Company’s Obligation Clause in Contracts

Termination of the Company’s Obligation. The Company shall have no obligation pursuant to this Agreement with respect to any Registrable Shares proposed to be sold by a Holder in a registration pursuant to this Agreement if, in the opinion of counsel to the Company, (i) all such Registrable Shares proposed to be sold by a Holder may be sold in a single transaction without registration under the Securities Act pursuant to Rule 144, (ii) the Company has become subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act for a period of at least 90 days and is current in the filing of all such required reports, and (iii) the Registrable Shares have been listed for trading on a national securities exchange.

Appears in 5 contracts

Samples: Registration Rights Agreement (MedEquities Realty Trust, Inc.), Registration Rights Agreement (Reverse Mortgage Investment Trust Inc.), Registration Rights Agreement (Reverse Mortgage Investment Trust Inc.)

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Termination of the Company’s Obligation. The Company shall have no obligation pursuant to this Agreement with respect to any Registrable Shares proposed to be sold or exchanged by a Holder in a registration pursuant to this Agreement if, in the opinion of counsel to the Company, (i) all such Registrable Shares proposed to be sold by a Holder may be sold in a single transaction without registration under the Securities Act pursuant to Rule 144, (ii) the Company has become subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act for a period of at least 90 ninety (90) days and is current in the filing of all such required reports, and (iii) the Registrable Shares have been listed for trading on a national securities exchange.

Appears in 3 contracts

Samples: Registration Rights Agreement (Diana Containerships Inc.), Form of Registration Rights Agreement (Diana Containerships Inc.), Registration Rights Agreement (Diana Containerships Inc.)

Termination of the Company’s Obligation. The Company shall have no obligation pursuant to this Agreement with respect to any Registrable Shares proposed to be sold by a Holder in a registration pursuant to this Agreement if, in the opinion of counsel to the Company, (i) all such Registrable Shares proposed to be sold by a Holder may be sold in a single transaction without registration under the Securities Act pursuant to Rule 144, (ii) the Company has become subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act for a period of at least 90 ninety (90) days and is current in the filing of all such required reports, reports and (iii) the Registrable Shares have been listed for trading on a national securities exchange.

Appears in 2 contracts

Samples: Registration Rights Agreement (Select Energy Services, Inc.), Registration Rights Agreement (Select Energy Services, Inc.)

Termination of the Company’s Obligation. The Company shall have no obligation pursuant to this Agreement with respect to any Registrable Shares proposed to be sold by a Holder in a registration pursuant to this Agreement if, (a) in the opinion of counsel to the Company, (i) all such Registrable Shares proposed to be sold by a Holder may be sold in a single transaction without registration under the Securities Act pursuant to Rule 144, (iib) the Company has become subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act for a period of at least 90 ninety (90) days and is current in the filing of all such required reports, reports and (iiic) the Registrable Shares have been listed for trading on a national securities exchangeNational Securities Exchange.

Appears in 2 contracts

Samples: Registration Rights Agreement (Trinity Capital Inc.), Registration Rights Agreement (Trinity Capital Inc.)

Termination of the Company’s Obligation. The Company shall have no obligation pursuant to this Agreement with respect to any Registrable Shares proposed to be sold by a Holder in a registration pursuant to this Agreement if, in the opinion of counsel to the Company, (i) all such Registrable Shares proposed to be sold by a Holder may be sold in a single transaction without registration under the Securities Act pursuant to Rule 144, (ii) the Company has become subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act for a period of at least 90 ninety (90) days and is current in the filing of all such required reports, and (iii) the Registrable Shares have been listed for trading on a national securities exchange.

Appears in 2 contracts

Samples: Registration Rights Agreement (State National Companies, Inc.), Registration Rights Agreement (C&J Energy Services, Inc.)

Termination of the Company’s Obligation. The Company shall have no obligation pursuant to this Agreement with respect to any Registrable Shares Securities proposed to be sold by a Holder in a registration pursuant to this Agreement if, (a) in the opinion of counsel to the Company, (i) all such Registrable Shares Securities proposed to be sold by a Holder may be sold in a single transaction without registration under the Securities Act pursuant to Rule 144, (iib) the Company has become subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act for a period of at least 90 ninety (90) days and is current in the filing of all such required reports, reports and (iiic) the such Registrable Shares Securities have been listed for trading on a national securities exchangeNational Securities Exchange.

Appears in 1 contract

Samples: Registration Rights Agreement (Trinity Capital Inc.)

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Termination of the Company’s Obligation. The Company shall have no obligation pursuant to this Agreement with respect to any Registrable Shares proposed to be sold by a Holder in a registration pursuant to this Agreement if, in the opinion of counsel to the Company, (i) all such Registrable Shares proposed to be sold by a Holder may be sold in a single transaction without registration under the Securities Act pursuant to Rule 144, (ii) the Company has become subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act for a period of at least 90 days and is current in the filing of all such required reports, and (iii) the Registrable Shares have been listed for trading on a national nationally recognized securities exchange.

Appears in 1 contract

Samples: Registration Rights Agreement (Air Lease Corp)

Termination of the Company’s Obligation. The Company shall have no obligation pursuant to this Agreement with respect to any Registrable Shares proposed to be sold by a Holder in a registration pursuant to this Agreement if, in the opinion of counsel to the Company, (ia) all such Registrable Shares proposed to be sold by a Holder may be sold in a single transaction without registration under the Securities Act pursuant to Rule 144, (iib) the Company has become subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act for a period of at least 90 ninety (90) days and is current in the filing of all such required reports, reports and (iiic) the Registrable Shares have been listed for trading on a national securities exchange.

Appears in 1 contract

Samples: Registration Rights Agreement (Select Energy Services, Inc.)

Termination of the Company’s Obligation. The Company shall have no obligation pursuant to this Agreement with respect to any Registrable Shares proposed to be sold by a Holder in a registration pursuant to this Agreement if, in the opinion of counsel to the Company, (ia) all such Registrable Shares proposed to be sold by a Holder may be sold in a single transaction without registration under the Securities Act pursuant to Rule 144, (iib) the Company has become subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act for a period of at least 90 ninety (90) days and is current in the filing of all such required reports, reports and (iiic) the Registrable Shares have been listed for trading on a national securities exchangeNational Securities Exchange.

Appears in 1 contract

Samples: Registration Rights Agreement (Select Interior Concepts, Inc.)

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