Common use of Certain Securities Law Matters Clause in Contracts

Certain Securities Law Matters. The Shares may be issued to the Holder pursuant to this Agreement without registration under the 1933 Act by virtue of Section 3(a)(9) of the 1933 Act. For purposes of Rule 144, the Holder will be entitled to tack the holding period of the Debentures to the holding period of the Shares and, so long as (x) the aggregate period during which the Debentures and the Shares are held is at least two years and (y) at the time of determination the Holder is not and has not for the preceding three months been an “affiliate” (as such term is defined in Rule 144) of the Company, the Shares may be sold pursuant to Rule 144(k).

Appears in 6 contracts

Samples: Exchange Agreement (Verticalnet Inc), Exchange Agreement (Verticalnet Inc), Exchange Agreement (Verticalnet Inc)

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Certain Securities Law Matters. The Shares may be issued to the Holder pursuant to this Agreement without registration under the 1933 Act by virtue of Section 3(a)(9) of the 1933 Act. For purposes of Rule 144, the Holder will be entitled to tack the holding period of the Debentures to the holding period of the Shares and, so long as (x) the aggregate period during which the Debentures and the Shares are held is at least two years and (y) at the time of determination the Holder is not and has not for the preceding three months been an "affiliate" (as such term is defined in Rule 144) of the Company, the Shares may be sold pursuant to Rule 144(k).

Appears in 2 contracts

Samples: Exchange Agreement (Verticalnet Inc), Exchange Agreement (Verticalnet Inc)

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