Common use of Excluded Transfers Clause in Contracts

Excluded Transfers. A Shareholder Party may Transfer, free and clear of the provisions of this Section 3: (i) any Company Shares pursuant to an effective registration statement, provided such Company Shares are sold on a Recognized Exchange; and provided further that no negotiations have occurred between such Shareholder Party or its agents and any proposed buyer or their respective agents, including without limitation, an underwriter; (ii) such number of its Company Shares as is permitted to be disposed of by "affiliates" under Rule 144 of the U.S. Securities Laws, in each case, subject to the volume and other limitations set forth in Rule 144; or (iii) rights under warrants for the purchase of Company Shares.

Excluded Transfers. A Shareholder Party may Transfer, free and clear of the provisions of this Section 3: (i) any Company Shares pursuant to an effective registration statement, provided such Company Shares are sold on a Recognized ExchangeExchange (as defined in the CCI Shareholders Agreement); and provided further that no negotiations have occurred between such Shareholder Party or its agents and any proposed buyer or their respective agents, including without limitation, an underwriter; (ii) such number of its Company Shares as is permitted to be disposed of by "affiliates" under Rule 144 of the U.S. Securities Laws, in each case, subject to the volume and other limitations set forth in Rule 144; or (iii) rights under warrants for the purchase of Company Shares.