Resale Condition definition

Resale Condition means that either: (i) the Registration Condition is satisfied as of the date of the Company Optional Redemption Notice; or (ii) that the Conversion Shares are salable under Rule 144 of the Securities Act without any volume limitations.

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Resale Condition shall have the meaning set forth in Section 7(a) hereof.

Resale Condition means, as of any date of determination, either (A) the Company is then current in its public reporting requirements pursuant to Rule 144(c)(1) under the Securities Act or (B) a registration statement is effective covering the resale of the Conversion Shares issued in connection with such conversion.

Examples of Resale Condition in a sentence

• In no event shall an Exchange be rescinded with respect to any shares of Deliverable Common Stock as to which the Resale Condition has been satisfied, regardless of whether the Minimum Amount would remain satisfied with respect to such Exchange.

• The parties agree that, for purposes of the Master Agreement, an "Additional Termination Event" shall occur if the Resale Condition has not been satisfied with respect to all 8,421,060 of the Equity Shares by no later than November 30, 2008; and for purposes of that Additional Termination Event, Xstream Beverage Network shall be the sole Affected Party.

• The parties agree that, for purposes of the Master Agreement, an "Additional Termination Event" shall occur if the Resale Condition has not been satisfied with respect to all 4,000,000 of the Equity Shares by no later than April 10, 2008; and for purposes of that Additional Termination Event, Aegis Assessments shall be the sole Affected Party.

• For resale conditions such as the resale destination of goods, resale price, quantity, etc., it is stated on the separate sheet "Resale Condition Confirmation Form" and this will be decided separately on consultation with Party A.

More Definitions of Resale Condition

Resale Condition. The “Resale Condition” shall be deemed satisfied as of any day with respect to the number of Equity Shares that, as of such day, are then Unrestricted Shares. “Unrestricted Shares” mean, as of any day, Shares that are in electronic, freely transferable form, not evidenced by any share certificates bearing restrictive legends, not subject to any stop transfer order, not adversely affected by a Market Disruption Event relating to the Shares and not subject to any other condition to or restriction on the ability of the holder thereof to sell, assign or otherwise transfer such Shares on the CSX, including, without limitation, any requirement that such sale, assignment or other transfer be registered or qualified with, or approved or consented to by, any governmental or regulatory body having jurisdiction over such transfer (including any self- regulatory organization or multinational body), any requirement that any sale, assignment or other transfer or enforcement of such Shares be consented to or approved by the issuer thereof or any other obligor thereon, any limitations on the type or status, financial or otherwise, of any purchaser, pledgee, assignee or transferee of such Shares or any requirement to deliver any certificate, consent, agreement, opinion of counsel, notice or any other document of any person to the issuer of, any other obligor on or any registrar or transfer agent for, such Shares, prior to the sale, pledge, assignment or other transfer or enforcement of such Shares. “Trading Condition” shall be deemed to be satisfied upon the Counterparty and its Shares obtaining and having in effect a full listing on the CSX excluding, in each case, any restriction, consent, requirement or interest agreed to or granted by or on behalf of ▇▇▇▇▇▇.