Common use of Definition of Registrable Securities; Majority Clause in Contracts

Definition of Registrable Securities; Majority. As used herein, the term “Registrable Securities” means any shares of Common Stock issuable upon the exercise of this Warrant until the date (if any) on which such shares shall have been transferred or exchanged and new certificates for them not bearing a legend restricting further transfer shall have been delivered by the Company and subsequent disposition of the shares shall not require registration or qualification under the Securities Act or any similar state law then in force. For purposes of this Warrant, the term “Majority Holders” shall mean holders of in excess of fifty percent (50%) of the shares of Common Stock then underlying original Warrant Nos. U2017-1, U2017-2 and U2017-3 (assuming the exercise of the entire warrants).

Definition of Registrable Securities; Majority. As used herein, the term “Registrable Securities” means any shares of Common Stock issuable upon the exercise of this Warrant until the date (if any) on which such shares shall have been transferred or exchanged and new certificates for them not bearing a legend restricting further transfer shall have been delivered by the Company and subsequent disposition of the shares shall not require registration or qualification under the Securities Act or any similar state law then in force. For purposes of this Warrant, the term “Majority Holders” shall mean holders of in excess of fifty percent (50%) of the shares of Common Stock then underlying outstanding Warrant Shares covered by original Warrant NosNo. U2017-1, U2017-2 and U2017-3 1 (assuming the exercise of the entire warrantsWarrant).