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 rights of each Conversion Holder under this Section 10 shall terminate upon the date that all of the Registrable Securities and/or Qualifiable Securities held by such Conversion Holder may be sold during any three-month period in a single transaction or series of transactions without volume limitations under Rule 144 (or any successor provision) under the Securities Act.

• For a period of one (1) year (the “Optional Demand Period”) from and after the Optional Trigger Date, an Optional Conversion Holder shall have a one-time right to demand that the Corporation file an offering statement on Form 1-A (or any successor form under Regulation A under the Securities Act) (a “Demand Offering Statement”) covering the resale of all, but not less than all, of the demanding Optional Conversion Holder’s Qualifiable Securities (the “Optional Demand Right”).

• For a period of one (1) year (the “Optional Demand Period”) from and after the Optional Trigger Date, an Optional Conversion Holder shall have a one-time right to demand the Corporation file an offering statement on Form 1-A (or any successor form under Regulation A under the Securities Act) (a “Demand Offering Statement”) covering the resale of all, but not less than all, of the demanding Optional Conversion Holder’s Qualifiable Securities (the “Optional Demand Right”).

• Upon receipt of a Demand Notice, the Corporation may determine, in its sole discretion, to include all aggregate unqualified Qualifiable Securities held by the collective Optional Conversion Holders (subject to the termination of the Demand Right pursuant to Section 10(c)(i)) on such Demand Offering Statement.

• To exercise the Optional Demand Right, an Optional Conversion Holder shall transmit a notice (the “Optional Demand Notice”) to the Corporation on or prior to the expiration of the Optional Demand Period stating such Optional Conversion Holder’s exercise of the Optional Demand Right and the intended method of disposition in connection with such Optional Conversion Holder’s Qualifiable Securities, to the extent known.

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 (i) the Shares held by A&P and its Affiliates, including the Investor, (ii) any Shares or other securities issued or issuable pursuant to or with respect to the Shares held by A&P 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 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, 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 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 any member of the Riata Group.

Qualifiable Securities means any Common Shares held by the Holder or its Affiliates from time to time, on or after the date of this Agreement, if such Common Shares are subject to restrictions upon resale under Securities Laws;

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.