Common use of Definition of Registrable Securities Clause in Contracts

Definition of Registrable Securities. As used herein the term "Registrable Security" means each Share issued in the Offering and any securities issued upon any stock split or stock dividend in respect thereof; provided, however, that with respect to any particular Registrable Security, such security shall cease to be a Registrable Security when, as of the date of determination; (A) it has been effectively registered under the Act and disposed of pursuant thereto; (B) registration under the Act is no longer required for subsequent public distribution of such security; or (B) it has ceased to be outstanding. The term "Registrable Securities" means any and/or all of the securities falling within the foregoing definition of a "Registrable Security." In the event of any merger, reorganization, consolidation, recapitalization or other change in corporate structure affecting the Common Stock, such adjustment shall be made in the definition of "Registrable Security" as is appropriate in order to prevent any dilution or increase of the rights granted pursuant to this Clause (a) as determined in good faith by the Board of Directors;

Definition of Registrable Securities. As used herein in this Section 5.1, the term "“Registrable Security" ” means (i) each Share of the Common Shares issued in under this Agreement; (ii) each of the Offering Warrant Shares issuable upon exercise of the Warrants issued under this Agreement; and (iii) any securities issued upon any stock split or stock dividend in respect thereof; provided, however, that with respect to any particular Registrable Security, such security shall cease to be a Registrable Security when, as of the date of determination; (A) it has been and remains effectively registered under the Securities Act and disposed of pursuant thereto; (B) in the opinion of counsel to the Company, registration under the Securities Act is no longer required for subsequent public distribution of such securitysecurity pursuant to Rule 144 promulgated under the Securities Act, or otherwise; or (BC) it has ceased to be outstanding. The term "“Registrable Securities" ” means any and/or and all of the securities falling within the foregoing definition of a "“Registrable Security." ” In the event of any merger, reorganization, consolidation, recapitalization or other change in corporate structure affecting the Common Stock, such adjustment shall be made in the definition of "“Registrable Security" ” as is appropriate in order to prevent any dilution or increase of the rights granted pursuant to this Clause (a) as determined in good faith by the Board of Directors;.