Unrestricted Date definition

Unrestricted Date means, with respect to any Registrable Securities, the earliest of the date that (a) a Registration Statement registering the sale of such Registrable Securities has been declared effective by the SEC, (b) all of the Registrable Securities have been sold pursuant to Rule 144 or may be sold pursuant to Rule 144 without the requirement for the Company to be in compliance with the current public information required under Rule 144 and without volume or manner-of-sale restrictions or (c) following the one (1) year anniversary of the Closing Date, provided that (i) the Investor holding such Registrable Securities is not an Affiliate of the Company (provided, that the Company shall cause its counsel to issue a legal opinion with respect to each Buyer’s non-affiliate status assuming that the facts and circumstances relevant to such determination do not adversely change from the Closing Date, except that increases and decreases in the market price of the Company’s Common Stock will not be deemed to be an adverse change), (ii) all of the Registrable Securities may be sold pursuant to an exemption from registration under Section 4(1) of the 1933 Act without volume or manner-of-sale restrictions and (iii) the Company’s legal counsel has delivered to such Investor a standing written unqualified opinion that resales of such Registrable Securities may then be made by such Investor pursuant to such exemption, which opinion shall be in form and substance reasonably acceptable to such Investor.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Unrestricted Date means any date on which all or any portion of the Restricted Principal becomes Unrestricted Principal.

Unrestricted Date means, with respect to any Registrable Securities, the earliest of the date that (a) a Registration Statement registering the sale of such Registrable Securities has been declared effective by the SEC, (b) all of the Registrable Securities have been sold pursuant to Rule 144 or may be sold pursuant to Rule 144 without the requirement for the Company to be in compliance with the current public information required under Rule 144 and without volume or manner-of-sale restrictions or (c) following the one (1) year anniversary of the Closing Date (as defined in the Stock Purchase Agreement), provided that (i) the Holder holding such Registrable Securities is not an Affiliate of the Company, (ii) all of the Registrable Securities may be sold pursuant to an exemption from registration under Section 4(a)(1) of the 1933 Act without volume or manner-of-sale restrictions and (iii) the Company’s legal counsel has delivered to such Holder a standing written unqualified opinion that resales of such Registrable Securities may then be made by such Holder pursuant to such exemption, which opinion shall be in form and substance reasonably acceptable to such Holder.

Examples of Unrestricted Date in a sentence

The Escrow Agent shall release the balance of the Cash Consideration (less the full Unrestricted Share Reserve) upon written notice by Purchaser if the Share Unrestricted Date has not occurred on or before the later of March 31, 1998 or the date of such notice by Purchaser.
Each Purchaser further covenants and agrees not to sell, transfer or dispose of the Warrants or the shares of Common Stock issuable upon exercise of the Warrants (other than to a member of the Purchaser Group) prior to the Unrestricted Date or any Shares, New Shares or Warrants in violation of the Non-Control Agreement.
The Company shall use its best efforts to cause such Registration Statement to become effective within ninety (90) days of the Required Filing Date (or, if the Commission elects to conduct a review of such Registration Statement, one hundred and twenty (120) days of the Required Filing Date) but not later than five (5) business days after the Commission indicates there are no additional comments to the Registration Statement (such later date being the "Unrestricted Date").
Whenever any certification is required to be given pursuant to Section 305(c)(i) of this Indenture in connection with the transfer prior to the Unrestricted Date of a beneficial interest in the Global Note to a person who wishes to take delivery thereof in the from of a beneficial interest in the same Global Note, such certification shall be provided substantially in the form of Annex A to this Indenture, with only such changes as shall be approved in writing by the Company.
On and after the Unrestricted Date, no such certification shall be required with respect to such transfers and the Trustee is hereby authorized to remove such Regulation S Legend from the applicable Notes.

More Definitions of Unrestricted Date

Unrestricted Date means, with respect to Notes of a particular maturity, the 41st day after the after the later of (i) the day on which such Notes were first offered to persons other than distributors (as defined in Regulation S under the Securities Act and (ii) the Issue Date of such Notes.

Unrestricted Date means the last day of a Restricted Period.

Unrestricted Date has the meaning specified in Section 3.02(b).

Unrestricted Date means, with respect to any Security, the 41st day after the later of the commencement of the offering thereof and the closing date therefor.

Unrestricted Date means the date upon which (i) all the Shares have been disposed of pursuant to a registration statement, (ii) all of the Shares then held by the Investor may be sold under the provisions of Rule 144 without limitation as to volume, whether pursuant to Rule 144(k) or otherwise, or (iii) the Company has determined that all Shares then held by the Investor may be sold without restriction under the Securities Act and has removed any stop transfer instructions relating to such Shares and offered to cause to be removed any restrictive legends on the certificates, if any, representing such Shares.

Unrestricted Date. The day immediately following the last day of the Restricted Period.

Unrestricted Date. ’ means the 40th day after the later of the commencement of the offering of the Offered Securities and the issue date.