Restrictive Legend Event definition

Restrictive Legend Event means any time that the Company is unable to deliver the Warrant Shares via DTC transfer or otherwise without restrictive legend because (A) the Commission has issued a stop order with respect to the Registration Statement, (B) the Commission otherwise has suspended or withdrawn the effectiveness of the Registration Statement, either temporarily or permanently, (C) the Company has suspended or withdrawn the effectiveness of the Registration Statement, either temporarily or permanently, (D) the prospectus contained in the Registration Statement is not available for the issuance of the Warrant Shares to the Holder or (E) otherwise.
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Restrictive Legend Event means any time that the Company is unable to deliver the Warrant Shares via DTC transfer or otherwise without restrictive legend because (A) the Commission has issued a stop order with respect to the Registration Statement, (B) the Commission otherwise has suspended or withdrawn the effectiveness of the Registration Statement, either temporarily or permanently, (C) the Company has suspended or withdrawn the effectiveness of the Registration Statement, either temporarily or permanently, (D) the prospectus
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Restrictive Legend Event means an occurrence of any of the following events: (i) the Securities and Exchange Commission has issued a stop order with respect to the Registration Statement, (ii) the Securities and Exchange Commission otherwise has suspended or withdrawn the effectiveness of the Registration Statement, either temporarily or permanently, or (iii) the Company has suspended or withdrawn the effectiveness of the Registration Statement, either temporarily or permanently, provided that such suspension or withdrawal is permitted or contemplated under the Registration Rights Agreement.
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Examples of Restrictive Legend Event in a sentence

  • The Company shall give prompt written notice to the registered holder of any cessation of a Restrictive Legend Event (the “Re-Effectiveness Notice”).

  • The Company shall provide to the Warrant Holder prompt written notice of the termination of the Restrictive Legend Event.

  • If a Restrictive Legend Event has occurred, the Warrant shall only be exercisable on a cashless basis.

  • The Company shall give prompt written notice to the Holder of any cessation of a Restrictive Legend Event (the “Re-Effectiveness Notice”).

  • The Company shall provide to the Holder prompt written notice of the termination of the Restrictive Legend Event.

  • To the extent that the Ember Warrants cannot be exercised as a result of a Restrictive Legend Event or a Restrictive Legend Event occurs after a Holder has exercised Ember Warrants in accordance with the terms of the Ember Warrants but prior to the delivery of the Ember Tokens, the Company shall, at the election of the Holder, which shall be given within five (5) days of receipt of such notice of the Restrictive Legend Event, rescind the previously submitted Election to Purchase.

  • Upon receipt of an Election to Purchase for a cashless exercise, which shall solely be permitted upon the occurrence of a Restrictive Legend Event as set forth herein, the Warrant Agent will promptly deliver a copy of the Election to Purchase to the Company to confirm the number of Warrant Shares issuable in connection with the cashless exercise.

  • To the extent that the Warrants cannot be exercised as a result of a Restrictive Legend Event.

  • To the extent that a Restrictive Legend Event occurs after the registered holder has exercised a Warrant in accordance with the terms of the Warrants but prior to the delivery of the Warrant Shares, the Company shall, at the election of the registered holder to be given within five (5) days of receipt of notice of the Restrictive Legend Event, rescind the previously submitted Election to Purchase and the Company shall return all consideration paid by registered holder for such shares upon such rescission.

  • If a Restrictive Legend Event is occurring as of the Expiration Date, the term of this Warrant shall be extended until the fifth (5th) business day after the termination of such Restrictive Legend Event.


More Definitions of Restrictive Legend Event

Restrictive Legend Event shall be deemed to have occurred at any time that the Company is unable to issue the Warrant Shares via The Depository Trust Company (“DTC”) transfer or otherwise (without restrictive legend), because (A) the Commission has issued a stop order with respect to any registration statement registering the Warrant Shares (the “Registration Statement”), (B) the Commission otherwise has suspended or withdrawn the effectiveness of the Registration Statement, either temporarily or permanently, (C) the Company has suspended or withdrawn the effectiveness of the Registration Statement, either temporarily or permanently, or (D) otherwise.
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