Examples of Freely Tradable in a sentence
The Warrant Shares shall be registered for resale by the Company pursuant to an effective registration statement under the Securities Act as required pursuant to the Loan Agreement, thereafter, the Warrant Shares shall remain Freely Tradable Shares, and the Warrant Shares shall be issued upon exercise of the Warrants without restrictive legend unless the Holder is or has been an Affiliate of the Company and such legend is required by law.
For so long as the Term Loan remains outstanding, Borrower shall at all times reserve for issuance that number of Freely Tradable Shares of Common Stock at least equal to 100% of the maximum number of shares of Common Stock as shall be necessary to satisfy the Borrower’s obligation to issue shares of Common Stock in payment of interest under this Agreement.