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, all such Registrable Shares proposed to be sold by a Holder (i) may be sold without registration under the Securities Act and (ii) are listed on the New York Stock Exchange, the Nasdaq Global Market or similar national securities exchange.

Appears in 2 contracts

Samples: Registration Rights Agreement (North American Financial Holdings, Inc.), Registration Rights Agreement (North American Financial Holdings, 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, all such Registrable Shares proposed to be sold by a Holder (i) may be sold without registration under the Securities Act and (ii) are listed on the New York Stock ExchangeNasdaq Global Select Market, the Nasdaq Global Market or similar national securities exchangethe New York Stock Exchange.

Appears in 1 contract

Samples: Registration Rights Agreement (NBH Holdings 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, all such Registrable Shares proposed to be sold by a Holder (i) may be sold are freely saleable pursuant to Rule 144 (or any successor or analogous rule) without registration under the Securities Act any restriction as to volume, manner of sale or current public information thereunder, and (ii) are listed or included on the New York Stock Exchange, Exchange or the Nasdaq NASDAQ Global Market or similar national securities exchangeMarket.

Appears in 1 contract

Samples: Registration Rights Agreement (National General Holdings Corp.)

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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, all such Registrable Shares proposed to be sold by a Holder (i) may be sold are freely saleable pursuant to Rule 144 (or any successor or analogous rule) without registration under the Securities Act any restriction as to volume, manner of sale or current public information thereunder, and (ii) are listed or included on the New York Stock Exchange, the Nasdaq NASDAQ Global Market or similar national securities exchangeMarket.

Appears in 1 contract

Samples: Registration Rights Agreement (National General Holdings Corp.)

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