Common use of Applicability of this Section Clause in Contracts

Applicability of this Section. This Section 7 shall be applicable only at such times as (i) the OPTION SHARES are not covered by a currently effective registration statement under the Securities Act of 1933, as amended (the "SECURITIES ACT"), or (ii) XXXX may be deemed to be an affiliate of MCGR▇▇▇ ▇▇▇TCORP.

Applicability of this Section. This Section 7 shall be applicable only at such times as (i) the OPTION SHARES are not covered by a currently effective registration statement under the Securities Act of 1933, as amended (the "SECURITIES ACTAct"), or (ii) XXXX may be deemed to be an affiliate of MCGR▇▇▇ ▇▇▇TCORP.