Freely Tradeable definition

Freely Tradeable means, in respect of shares of capital of any class of any corporation, shares which: (i) are issuable without the necessity of filing a prospectus or any other similar offering document (other than such prospectus or similar offering document that has already been filed) under Applicable Securities Legislation and such issue does not constitute a distribution (other than a distribution already qualified by prospectus or similar offering document) under Applicable Securities Legislation; and (ii) can be traded by the holder thereof without any restriction under Applicable Securities Legislation, such as hold periods, except in the case of a control distribution (as defined in National Instrument 45-102 – “Resale of Securities” of the Canadian Securities Administrators), or a transaction or series of transaction incidental to a control distribution;
Freely Tradeable means shares that may be sold at any time by the Consultant free of any contractual or other restriction on transfer and which have been appropriately listed or registered for such sale on all securities markets on any shares of the Common Stock are currently so listed or registered; and (ii) the Company shall be responsible for the payment of the reasonable out-of-pocket costs and expenses of Consultant incurred prior to, or on or after the date of this Agreement, in connection with its engagement under this Agreement, including, but not limited to, reasonable fees and disbursements of counsel for Consultant, travel and related expenses, document production and computer database charges. The Company shall reimburse Consultant for such costs and expenses as they are incurred, promptly after receipt of a request for reimbursement from Consultant.
Freely Tradeable means, with respect to the Common Stock issuable upon the conversion of or the payment of a dividend upon the Series G1 Preferred Stock, that under the Securities Act the holders thereof may then offer and sell any amount of such outstanding securities to the public in the United States in transactions that are not brokers' transactions (as defined in the Securities Act) either (i) pursuant to an effective registration statement then in effect or (ii) pursuant to Rule 144(k). For purposes of determining whether such securities are Freely Tradeable, it shall be assumed that no affiliate of the issuer has ever held such securities from and after their issuance.

Examples of Freely Tradeable in a sentence

  • If any of such delivered Shares or Share Termination Delivery Units remain after such realized net proceeds exceed the Freely Tradeable Value, Dealer shall return such remaining Shares or Share Termination Delivery Units to Issuer.

  • If any of such delivered Shares or Share Termination Delivery Units remain after such realized net proceeds exceed the Freely Tradeable Value, Dealer shall return such remaining Shares or Share Termination Delivery Units to Counterparty.

  • Except as is expressly provided in the Plan with respect to any distributed Leveraged Stock that is not Freely Tradeable Stock, no such Leveraged Stock shall be subject to a put, call, or other option, or buy-sell or similar arrangement while held by and when distributed from the Plan, whether or not at such time the Plan constitutes an employee stock ownership plan.

  • The Corporation covenants with the Trustee that all Shares which shall be so issuable shall be duly and validly issued and, subject to Section 5.1(a), Freely Tradeable.

  • All Freely Tradeable Common Shares which shall be so issuable shall be duly and validly issued as fully paid and non-assessable.


More Definitions of Freely Tradeable

Freely Tradeable means, in respect of shares of capital of any class of any corporation, which can be traded by the recipient thereof without any restriction under Applicable Securities Legislation, such as hold periods, except in the case of a “control distribution” (as that term is defined in Applicable Securities Legislation), or a transaction or series of transactions incidental to a control distribution;
Freely Tradeable means, with respect to the Debentures, if any, that such Debentures, (i) are eligible to be sold by a Person who has not been an Affiliate of the Company during the preceding three months without any volume or manner of sale restrictions under the Securities Act, (ii) do not bear a restricted legend and (iii) with respect to Global Debentures only, are identified by an unrestricted CUSIP number in the facilities of the applicable Depositary.
Freely Tradeable means, with respect to a Security, a Security that at any time of determination (i) may be sold to the public in accordance with Rule 144 under the 1933 Act (“Rule 144”) by a person that is not an “affiliate” (as defined in Rule 144 under the 1933 Act) of the Company where no conditions of Rule 144 are then applicable (other than the holding period requirement of 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 1933 Act.
Freely Tradeable in respect of securities means securities that have no restriction on resale or transfer, including restrictions imposed by pooling or other arrangements or in a shareholder agreement.
Freely Tradeable means, in respect of shares of any class in the capital of any corporation, shares that:
Freely Tradeable means, for the purposes of this paragraph, that throughout the Trading Period the Holder, having properly exercised the Warrants with respect to such tranche and received the underlying Warrant Shares from the Company, would have been able freely to exercise and trade any and all of the Warrant Shares received upon exercise of such tranche, including, without limitation, the following conditions being met: (w) the Company is not in default of its obligations under the Registration Rights Agreement and a Registration Statement (as defined in the Registration Rights Agreement) allowing the resale