Common use of Termination of the Company’s Obligation Clause in Contracts

Termination of the Company’s Obligation. The Company shall have no obligation pursuant to this Agreement with respect to any Registrable Shares proposed to be sold by a Holder in a registration pursuant to this Agreement if, in the opinion of counsel to the Company, (i) all such Registrable Shares proposed to be sold by a Holder may be sold in a single transaction without any volume or manner of sale restrictions or compliance by the Company with any current public information requirements pursuant to Rule 144 (or any successor or analogous rule) under the Securities Act and (ii) the Registrable Shares have been listed for trading on the New York Stock Exchange or the Nasdaq Global Market.

Appears in 2 contracts

Samples: Registration Rights Agreement (NMI Holdings, Inc.), Registration Rights Agreement (NMI Holdings, Inc.)

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Termination of the Company’s Obligation. The Company shall have no obligation pursuant to this Agreement with respect to any Registrable Shares proposed to be sold by a Holder in a registration pursuant to this Agreement if, in the opinion of counsel to the Company, (i) all such Registrable Shares proposed to be sold by a Holder (i) may be sold in a single transaction without any volume or manner of sale restrictions or compliance by the Company with any current public information requirements pursuant to Rule 144 (or any successor or analogous rule) registration under the Securities Act and (ii) the Registrable Shares have been are listed for trading on the New York Stock Exchange or Exchange, the Nasdaq Global MarketMarket or similar national securities exchange.

Appears in 2 contracts

Samples: Registration Rights Agreement (North American Financial Holdings, Inc.), Registration Rights Agreement (North American Financial Holdings, Inc.)

Termination of the Company’s Obligation. The Company shall have no obligation pursuant to this Agreement with respect to any Registrable Shares proposed to be sold by a Holder in a registration pursuant to this Agreement if, in the opinion of counsel to the Company, (i) all such Registrable Shares proposed to be sold by a Holder may be sold in a single transaction without any volume or manner of sale restrictions or compliance by the Company with any current public information requirements (i) are freely saleable pursuant to Rule 144 (or any successor or analogous rule) under the Securities Act without any restriction as to volume, manner of sale or current public information thereunder, and (ii) the Registrable Shares have been are listed for trading or included on the New York Stock Exchange or the Nasdaq NASDAQ Global Market.

Appears in 1 contract

Samples: Registration Rights Agreement (National General Holdings Corp.)

Termination of the Company’s Obligation. The Company shall have no obligation pursuant to this Agreement with respect to any Registrable Shares proposed to be sold by a Holder in a registration pursuant to this Agreement if, in the opinion of counsel to the Company, (i) all such Registrable Shares proposed to be sold by a Holder may be sold in a single transaction without any volume or manner of sale restrictions or compliance by the Company with any current public information requirements (i) are freely saleable pursuant to Rule 144 (or any successor or analogous rule) under the Securities Act without any restriction as to volume, manner of sale or current public information thereunder, and (ii) the Registrable Shares have been are listed for trading or included on the New York Stock Exchange or the Nasdaq NASDAQ Global Market.

Appears in 1 contract

Samples: Registration Rights Agreement (National General Holdings Corp.)

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Termination of the Company’s Obligation. The Company shall have no obligation pursuant to this Agreement with respect to any Registrable Shares proposed to be sold by a Holder in a registration pursuant to this Agreement if, in the opinion of counsel to the Company, (i) all such Registrable Shares proposed to be sold by a Holder (i) may be sold in a single transaction without any volume or manner of sale restrictions or compliance by the Company with any current public information requirements pursuant to Rule 144 (or any successor or analogous rule) registration under the Securities Act and (ii) are listed on the Registrable Shares have been listed for trading on Nasdaq Global Select Market, the Nasdaq Global Market or the New York Stock Exchange or the Nasdaq Global MarketExchange.

Appears in 1 contract

Samples: Registration Rights Agreement (NBH Holdings Corp.)

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