Qualifiable Securities definition

Qualifiable Securities means the Optional Conversion Shares; provided, however, that Optional Conversion Shares shall cease to be Qualifiable Securities when (A) an offering statement pursuant to Regulation A under the Securities Act shall have become qualified, and all such Optional Conversion Shares shall have been disposed of in accordance with such offering statement, (B) such Optional Conversion Shares have been sold in accordance with Rule 144 (or any successor provision) under the Securities Act, (C) such Optional Conversion Shares become eligible to be publicly sold without limitation as to amount or manner of sale pursuant to Rule 144 (or any successor provision) under the Securities Act, or (D) such Optional Conversion Shares have ceased to be outstanding.

Qualifiable Securities means with respect to any Holder at any time, any Common Shares issued or issuable in respect of the conversion of Convertible Preference Shares and any other Common Shares issued or issuable as a distribution made in respect of such Convertible Preference Shares and any other securities issued or issuable in respect of such Qualifiable Securities upon any stock split, stock dividend, recapitalization or similar event.

Qualifiable Securities means those Shares held by the Shareholder or another member of the PAS Group which are the subject of the Shareholder’s exercise (on its own behalf or on behalf of such other PAS Group member) of the Demand Qualification Right or Incidental Qualification Right, as applicable, under Sections 5.1 and 5.3, respectively.

Examples of Qualifiable Securities in a sentence

• The obligations of the Corporation to take any action pursuant to this Agreement in respect of Qualifiable Securities is conditional upon the IQ Parties furnishing to the Corporation such information regarding themselves, the Qualifiable Securities and the intended method of disposition of such securities, as is required to effect the qualification of the Qualifiable Securities.

• In addition, the IQ Parties agree to execute and deliver to any managing underwriter (or, in the case of any offering that is not underwritten, an investment banker or agent registered under applicable securities laws) in connection with a qualification of Qualifiable Securities under Securities Laws in which the IQ Parties participate in any lock- up letter requested by such managing underwriter of the IQ Parties and in form and substance reasonably satisfactory to the IQ Parties.

• If the Investor(s) requesting a Demand Qualification intend to distribute the Qualifiable Securities covered by their request for a Demand Qualification by means of an underwriting they will so advise the Corporation as part of their request for such qualification.

• The obligation of the Corporation to take any action pursuant to this Agreement in respect of Qualifiable Securities is conditional upon the applicable Investor(s) furnishing to the Corporation such information regarding themselves, the Qualifiable Securities and the intended method of disposition of such securities, as is required to effect the qualification of the Qualifiable Securities.

• No Qualification of Qualifiable Securities under this Section 2.1(c) shall relieve TransAtlantic of its obligations to effect Demand Qualifications pursuant to Section 2.1(a) hereof.

More Definitions of Qualifiable Securities

Qualifiable Securities means any Common Shares (and any securities of TransAtlantic issued on conversion of, in exchange for or in replacement of such Common Shares) owned or controlled by Riata or the Riata Entities.

Qualifiable Securities means, at any time, (i) the Shares then held by an Investor and its Affiliates, and any Shares issuable upon exchange, conversion or exercise of Convertible Securities then held by such Investor and its Affiliates, (ii) any Shares or other securities issued or issuable pursuant to or with respect to the Shares or Convertible Securities held by an Investor and its Affiliates, upon any stock split, subdivision, redivision, reduction, consolidation, stock dividend, recapitalization or other change, and (iii) any securities issued in reclassification or replacement of or exchange for any of the securities referred to in clauses (i) or (ii) above;

Qualifiable Securities means (i) the Shares held by IQ and its Affiliates, including the Investor, and any Shares issuable upon conversion of the Convertible Shares, (ii) any Shares or other securities issued or issuable pursuant to or with respect to the Shares held by IQ and its Affiliates, including the Investor, upon any stock split, subdivision, redivision, reduction, consolidation, stock dividend, recapitalization or other change, and (iii) any securities issued in reclassification or replacement of or exchange for any of the securities referred to in clauses (i) or (ii) above;

Qualifiable Securities means, at any time, (i) the Shares then held by IQ and its Affiliates, including the Investor, and any Shares issuable upon exchange, conversion or exercise of Convertible Securities then held by IQ and its Affiliates, including the Investor, (ii) any Shares or other securities issued or issuable pursuant to or with respect to the Shares or Convertible Securities held by IQ and its Affiliates, including the Investor, upon any stock split, subdivision, redivision, reduction, consolidation, stock dividend, recapitalization or other change, and (iii) any securities issued in reclassification or replacement of or exchange for any of the securities referred to in clauses (i) or (ii) above;”

Qualifiable Securities means (x) any Shares and any securities of the Corporation issued on conversion of, in exchange for or in replacement of such Shares, owned by the Holder at the date hereof or which the Holder may acquire as a result of the deemed exercise of Subscription Receipts acquired by the Holder under the Rights Offering, and (y), to the extent the filing of a registration statement is required under the Securities Laws of the United States to permit the resale of such securities by the Other TAM Clients over the facilities of the Toronto Stock Exchange, the Qualifiable Securities shall also include any Shares and any securities of the Corporation issued on conversion, in exchange for or in replacement of such Shares owned by the Other TAM Clients at the date hereof and which the Other TAM Clients may acquire as a result of the deemed exercise of Subscription Receipts acquired by the Other TAM Clients under the Rights Offering.

Qualifiable Securities means, any Redeemed Securities that are or may be acquired under the terms of Available Securities and any shares of Common Stock granted pursuant to the Management Agreement without restriction; provided, however, that such Redeemed Securities shall cease to be Qualifiable Securities when (A) an offering statement pursuant to Regulation A under the Securities Act shall have become qualified, and all such securities shall have been disposed of in accordance with such offering statement, (B) such securities have been sold in accordance with Rule 144 (or any successor provision) under the Securities Act, (C) such securities become eligible to be publicly sold without limitation as to amount or manner of sale pursuant to Rule 144 (or any successor provision) under the Securities Act, (D) such Redeemed Securities have ceased to be outstanding, or (E) such Redeemed Securities have been registered with the Commission.

Qualifiable Securities means, the Redeemed Securities; provided, however, that Redeemed Securities shall cease to be Qualifiable Securities when (A) an offering statement pursuant to Regulation A under the Securities Act shall have become qualified, and all such Redeemed Securities shall have been disposed of in accordance with such offering statement, (B) such Redeemed Securities have been sold in accordance with Rule 144 (or any successor provision) under the Securities Act, (C) such Redeemed Securities become eligible to be publicly sold without limitation as to amount or manner of sale pursuant to Rule 144 (or any successor provision) under the Securities Act, (D) such Redeemed Securities have ceased to be outstanding, or (E) such Redeemed Securities have been registered with the Commission.