Freely Saleable definition
Freely Saleable means, with respect to any Share, a Share (a) that is eligible to be sold by the holder thereof without any volume or manner of sale restrictions under the Securities Act pursuant to Rule 144, (b) which bears no legends restricting the transfer thereof and (c) bears an unrestricted CUSIP number (if held in global form).
Freely Saleable means, as of any date of determination, the Underlying Equity that is not subject to any transfer restrictions in the hands of any Lender Party exercising its rights under the Pledge Agreement and the other Loan Documents with respect thereto, subject to the assumptions and exceptions set forth in Section 4.01(q).