Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of the Company with registration rights (the “Other Shares”) requested to be included in a registration contemplated by Section 2(a) cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares held by such Holders and Other Shareholders; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder pursuant to the above-described procedure, then the remaining portion of such allocation shall be reallocated among those requesting Holders and Other Shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders have been so allocated.
Appears in 15 contracts
Samples: Registration Rights Agreement (I2 Telecom International Inc), Registration Rights Agreement (I2 Telecom International Inc), Registration Rights Agreement (I2 Telecom International Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of the Company with registration rights (the “Other Shares”) requested to be included in a registration contemplated by Section 2(a1.3(a) cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated allocated, subject to the registration rights applicable to the Other Shares which shall control in event of a conflict with provisions hereof, among the Holders and Other Shareholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares held by such Holders and Other Shareholders; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder pursuant to the above-described procedure, then the remaining portion of such allocation shall be reallocated among those requesting Holders and Other Shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders have been so allocated.
Appears in 11 contracts
Samples: Registration Rights Agreement (I2 Telecom International Inc), Registration Rights Agreement (I2 Telecom International Inc), Registration Rights Agreement (Verso Technologies Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of the Company with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or Other Stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders Stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares held by such Holders and Other ShareholdersStockholders; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder Stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders Stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other ShareholdersStockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders Stockholders have been so allocated.
Appears in 5 contracts
Samples: Merger Agreement (Contour Medical Inc), Registration Rights Agreement (Cereus Technology Partners Inc), Registration Rights Agreement (Verso Technologies Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities Stock and other shares of the Company ACI Common Stock (including shares of common stock issued or issuable upon conversion of shares of any currently unissued series of preferred stock of ACI) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(aon behalf ------------ of the Holder or other selling stockholders ("Other Stockholders") cannot be so ------------------- included as a result of limitations of the aggregate number of shares of Registrable Securities Stock and Other Shares that may be so included, the number of shares of Registrable Securities Stock and Other Shares that may be so included shall be allocated among the Holders Holder and Other Shareholders Stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities Stock and Other Shares that would be held by such Holders the Holder and Other ShareholdersStockholders, assuming conversion; provided, however, however that such allocation shall not operate to reduce the aggregate number of shares of Registrable Securities Stock and Other Shares to be included in such registration, if any . If the Holder or any Other Shareholder Stockholder does not request inclusion of the maximum number of shares of Registrable Securities Stock and Other Shares allocated to such Holder or Other Shareholder Person pursuant to the above-described procedure, then the remaining portion of any such Person's allocation shall be reallocated among those requesting Holders Holder and Other Shareholders Stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities Stock and Other Shares which would be held by such Holders the Holder and Other ShareholdersStockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities Stock and Other Shares which may be included in the registration on behalf of the Holders Holder and Other Shareholders Stockholders have been so allocated.
Appears in 4 contracts
Samples: Registration Rights Agreement (Avery Communications Inc), Registration Rights Agreement (Avery Communications Inc), Registration Rights Agreement (Avery Communications Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then in which case the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include shares of stock issued to employees, officers, directors, or consultants pursuant to the Company's stock option or similar compensation plan, or in the case of registrations under Sections 1.3 or 1.6 hereof, in order to include in such registration securities registered for the Company's own account.
Appears in 3 contracts
Samples: Investors' Rights Agreement (Galen Partners Iii L P), Investors' Rights Agreement (Specialized Health Products International Inc), Registration Rights Agreement (Ivy Orthopedic Partners LLC)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “Other Shares”) requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or Other Shareholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholders, assuming conversion; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder does not request inclusion of the maximum minimum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which that would be held by such Holders and Other Shareholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by shareholders with no registration rights or to include any other shares of stock issued to employees, officers, directors, or consultants pursuant to the Company’s employee stock option plan or other equity plans or arrangements, or with respect to registrations under Sections 1.2 or 1.5 hereof, in order to include in such registration securities registered for the Company’s own account.
Appears in 3 contracts
Samples: Registration Rights Agreement (Tullys Coffee Corp), Registration Rights Agreement (Tullys Coffee Corp), Registration Rights Agreement (Tullys Coffee Corp)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares Common Stock of the Company with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the holders of Registrable Securities or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders holders of Registrable Securities and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders holders and Other Shareholders; provided, however, that such allocation shall not operate to reduce the aggregate number other selling stockholders. If any holder of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described this procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders holders of Registrable Securities and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders holders and Other Shareholders, assuming conversionother selling stockholders, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders holders of Registrable Securities and Other Shareholders other selling stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include in that registration shares of stock issued to employees, officers, directors, or consultants pursuant to the Company's stock option plan, or in order to include in such registration securities registered for the Company's own account.
Appears in 3 contracts
Samples: Registration Rights Agreement (IHL Investments, LLC), Registration Rights Agreement (Harris Corp /De/), Registration Rights Agreement (Teltronics Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of the Company with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares held by such Holders and Other Shareholders; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder pursuant to the above-described procedure, then the remaining portion of such allocation shall be reallocated among those requesting Holders and Other Shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders have been so allocated.
Appears in 2 contracts
Samples: Registration Rights Agreement (I2 Telecom International Inc), Registration Rights Agreement (I2 Telecom International Inc)
Allocation of Registration Opportunities. In Except as otherwise provided in Section 1.3(b) hereof, in any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of preferred stock of the Company) with registration rights (the “Other Shares”) requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, then the number of shares of Registrable Securities and Other Shares that may be so included in the offering shall be allocated among allocated, first, to the Holders and Other Shareholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares held by such Holders and Other Shareholders; provided, however, that such allocation shall not operate to reduce pro rata based on the aggregate number of Registrable Securities and Other Shares held by all such Holders (including the Initiating Holders), and, second, to any other selling stockholders. In no event shall any Registrable Securities be included in excluded from such registration, if underwriting unless all other securities are first excluded. If any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated.
Appears in 2 contracts
Samples: Investors’ Rights Agreement (Varonis Systems Inc), Investors’ Rights Agreement (Varonis Systems Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling shareholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that which may be so included, the number of shares of Registrable Securities and Other Shares that which may be so included shall be allocated among first to the Holders and Other Shareholders requesting inclusion of shares pro rata based on the basis of the number of shares of Registrable Securities held by each, and second to holders of Other Shares (including Holders) pro rata based on the number of shares of Other Shares held by such Holders and Other Shareholderseach (on an as converted basis); provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registrationthat, if any Holder or Other Shareholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated first among those requesting Holders and Other Shareholders whose allocations did not satisfy with respect to their requests pro rata on the basis of the number of shares of Registrable Securities and second among holders of Other Shares which would be held by such Holders and Other Shareholders, assuming conversion, (including Holders) and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which that may be included in the registration on behalf of the Holders and Other Shareholders other selling shareholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement (i) in order to include shares held by shareholders with no registration rights or to include stock issued prior to the date of this Agreement, other than to the Holders, or any other shares of stock issued to employees, officers, directors or consultants pursuant to the Company's equity incentive plans, or (ii) with respect to registrations under Sections 1.2 and 1.5 hereof, in order to include in such registration securities registered for the Company's own account.
Appears in 2 contracts
Samples: Investors' Rights Agreement (Egreetings Network Inc), Investors' Rights Agreement (E Greetings Network)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of the Company with registration rights (the “Other Shares”) requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that which may be so included, the number of shares of Registrable Securities and Other Shares that may to be so included shall be allocated among the Holders and Other Shareholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other ShareholdersHolders, assuming conversion; provided, however, that, so that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which that would be held by such Holders and Other Shareholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which that may be included in the registration on behalf of the Holders and Other Shareholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by shareholders with no registration rights or to include any other shares of stock issued to employees, officers, directors or consultants pursuant to the Company's employee stock option plan or plans, or, with respect to registrations under Section 1.2 hereof, in order to include in such registration securities registered for the Company's own account.
Appears in 2 contracts
Samples: Registration Rights Agreement (Gem Value Fund Lp /Il), Registration Rights Agreement (Pacific Gateway Properties Inc)
Allocation of Registration Opportunities. In any circumstance ---------------------------------------- in which all of the Registrable Securities and other shares securities of the Company with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-above- described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated; and provided further, with respect to the registration provided in Section 1.3(a), the number of shares of Registrable Securities that may be so included shall be allocated: (a) First, among the Holders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities that would be held by such Holders, assuming conversion; and (b) Second, if all of the Holders requesting inclusion are able to include all of the shares requested to be included by such Holders in such offering, then, the remainder of the shares that may be so included shall be allocated among the other selling stockholders requesting inclusion of shares pro rata on the basis of the number of Other Shares that would be held by such other selling stockholders, assuming conversion. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights.
Appears in 2 contracts
Samples: Investors' Rights Agreement (Tier Technologies Inc), Investors' Rights Agreement (Tier Technologies Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “Other Shares”) requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated first to the Holders, and then among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares shares, in each case pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then and the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or any other shares of stock issued to employees or consultants pursuant to a Company Stock Option Plan, in order to include in such registration securities registered for the Company’s own account.
Appears in 2 contracts
Samples: Note and Warrant Purchase Agreement (Innovive Pharmaceuticals, Inc.), Note and Warrant Purchase Agreement (Innovive Pharmaceuticals, Inc.)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities Stock and other shares of the Company ACI Common Stock (including shares of common stock issued or issuable upon conversion of shares of any currently unissued series of preferred stock of ACI) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(aon behalf ------------ of the Holder or other selling stockholders ("Other Stockholders") cannot be so ------------------- included as a result of limitations of the aggregate number of shares of Registrable Securities Stock and Other Shares that may be so included, the number of shares of Registrable Securities Stock and Other Shares that may be so included shall be allocated among the Holders Holder and Other Shareholders Stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities Stock and Other Shares that would be held by such Holders the Holder and Other ShareholdersStockholders, assuming conversion; provided, however, however that such allocation shall not operate to reduce the aggregate number of Registrable Securities Stock and Other Shares to be included in such registration, if any Holder or Other Shareholder Stockholder does not request inclusion of the maximum number of shares of Registrable Securities Stock and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders Holder and Other Shareholders Stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities Stock and Other Shares which would be held by such Holders the Holder and Other ShareholdersStockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities Stock and Other Shares which may be included in the registration on behalf of the Holders Holder and Other Shareholders Stockholders have been so allocated.
Appears in 2 contracts
Samples: Registration Rights Agreement (Avery Communications Inc), Registration Rights Agreement (Avery Communications Inc)
Allocation of Registration Opportunities. In Subject to compliance with Sections 1.2(c) and 1.3(b), in any circumstance in which all of the Registrable Securities and other shares of the Company with registration rights (the “Other Shares”) requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other ShareholdersHolders, assuming conversion; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then in which case the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other ShareholdersHolders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights pursuant to this Agreement or to include shares of stock issued to founders of the Company or to employees, officers, directors, or consultants pursuant to the Company’s stock, option or other equity incentive plans, or in the case of registrations under Sections 1.2 or 1.5 hereof, in order to include in such registration securities registered for the Company’s own account, without the consent of Holders holding at least fifty-three percent (53%) of the Registrable Securities.
Appears in 2 contracts
Samples: Investors’ Rights Agreement (Restoration Robotics Inc), Investors’ Rights Agreement (Restoration Robotics Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling shareholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling shareholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling shareholders, assuming conversion; provided, however, that such allocation in no event shall not operate to reduce the aggregate number amount of Registrable Securities and Other Shares to included in such registration be reduced below twenty percent (20%) of the total amount of securities included in such registration, unless such registration is the initial public offering of the Company's securities, in which case the Registrable Securities and Other Shares may be excluded if the underwriters make the determination described in subsection 1.3(b) above and no other shareholders' securities are included. If any Holder or Other Shareholder other selling shareholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder it pursuant to the above-described procedure, then the remaining portion of such its allocation shall be reallocated among those requesting Holders and Other Shareholders other selling shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling shareholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling shareholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by shareholders with no registration rights or to include stock issued to founders of the Company or any other shares of stock issued to employees, officers, directors, or consultants pursuant to the Company's Equity Incentive Plan, or with respect to registration under Section 1.5 hereof, in order to include in such registration securities registered for the Company's own account.
Appears in 2 contracts
Samples: Investors' Rights Agreement (Nvidia Corp/Ca), Investors' Rights Agreement (Nvidia Corp/Ca)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company Company) with registration rights (the “Other Shares”"OTHER SHARES") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling shareholders cannot be so included as a result of limitations of on the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling shareholders requesting inclusion of shares first to the Holders pro rata on the basis of the number of shares of Registrable Securities held by such Holders (assuming conversion) and then, if any availability remains, to the other selling shareholders pro rata on the basis of the number of Other Shares held by such Holders and Other Shareholdersother selling shareholders (assuming conversion); provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if . If any Holder or Other Shareholder other selling shareholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder shareholder pursuant to the above-described procedure, then the remaining portion of the allocation of such allocation Holder or shareholder shall be reallocated among those requesting Holders and Other Shareholders other selling shareholders whose allocations did not satisfy their requests in the priority identified above pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be Shares, as applicable, that are held by such Holders and Other Shareholdersother selling shareholders, as applicable, in each case assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling shareholders shall have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by shareholders with no registration rights or to include any shares of stock issued to employees, officers, directors or consultants pursuant to the Company's stock option plan or any other employee benefit plan (or, with respect to registrations under Sections 3.1 or 3.4 hereof, in order to include in such registration securities registered for the Company's own account).
Appears in 2 contracts
Samples: Investors Rights Agreement (Light Sciences Oncology Inc), Investors Rights Agreement (Light Sciences Oncology Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities Registerable Shares and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any series of Preferred Stock of the Company) with registration rights (the “Other Shares”) requested to be included in a registration contemplated by effected pursuant to Section 2(a) 1.3 on behalf of the Holder’s or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities Registerable Shares and Other Shares that may be so included, the number of shares of Registrable Securities Registerable Shares and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities Registerable Shares and Other Shares other shares that would be held by such Holders and other selling stockholders, assuming conversion (“Other ShareholdersShares”); provided, however, however that such allocation shall not operate to reduce the aggregate number of Registrable Securities Registerable Shares and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities Registerable Shares and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then in which case the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities Registerable Shares and Other Shares which would be held by such Holders Holder’s and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities Registerable Shares and Other Shares which may be included in the registration on behalf of the Holders Holder’s and Other Shareholders other selling stockholder’s have been so allocated.. The Company shall not limit the number of Registerable Shares to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include shares of stock issued to employees, officers, directors, or consultants pursuant to the Company’s stock option or similar compensation plan, or in the case of the registration under Section 1.2 hereof, in order to include in such registration securities registered for the Company’s own account,
Appears in 2 contracts
Samples: Investors Rights Agreement (Encore Medical Corp), Investors Rights Agreement (Tc Group LLC)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “Other Shares”) requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or Other Shareholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholders, assuming conversion; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder Subscriber does not request inclusion of the maximum minimum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which that would be held by such Holders and Other Shareholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by Subscribers with no registration rights or to include any other shares of stock issued to employees, officers, directors, or consultants pursuant to the Company’s employee stock option plan or other equity plans or arrangements, or with respect to registrations under Sections 1.2 or 1.5 hereof, in order to include in such registration securities registered for the Company’s own account.
Appears in 2 contracts
Samples: Registration Rights Agreement (Tullys Coffee Corp), Registration Rights Agreement (Tullys Coffee Corp)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of the Company with registration rights (the “Other Shares”) requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other ShareholdersHolders, assuming conversion; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if . If any Holder or Other Shareholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other ShareholdersHolders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders have been so allocated.
Appears in 2 contracts
Samples: Investors' Rights Agreement (Koninklijke Philips Electronics Nv), Investors' Rights Agreement (Quinton Cardiology Systems Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum minimum number of shares of Registrable Securities and Other Shares allocated to such Holder him, her or Other Shareholder it pursuant to the above-described procedure, then the remaining portion of such his, her or its allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated.
Appears in 2 contracts
Samples: Investor Rights Agreement (Lineo Inc), Investor Rights Agreement (Lineo Inc)
Allocation of Registration Opportunities. In Subject to the rights of the Prior Holders contained in the Prior Registration Rights Agreements, notwithstanding any other provision of this Section 1.9, in any circumstance in which all of the Registrable Securities and other shares of the Company with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or Other Stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Prior Holders, the Holders and the Other Shareholders Stockholders requesting inclusion of shares shares, first to the Prior Holders and then to the Holders and the Other Stockholders pro rata on the basis of the number of shares of Registrable Securities and Other Shares held by such Holders and Other ShareholdersStockholders; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registrationthat, if any Holder or Other Shareholder Stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders Stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other ShareholdersStockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders Stockholders have been so allocated.
Appears in 2 contracts
Samples: Registration Rights Agreement (United Auto Group Inc), Registration Rights Agreement (United Auto Group Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other outstanding shares of Common Stock of the Company with registration rights (the “"Other Shares”") requested and entitled to be included in a demand registration contemplated by Section 2(a) cannot be so included as a result of limitations of on the aggregate number of shares of Registrable Securities and Other Shares that may be so included, or in case of an Underwriters' Cutback, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders holders of Registrable Securities and Other Shareholders requesting inclusion of shares pro rata other selling stockholders PRO RATA on the basis of the number of shares of Registrable Securities and Other Shares held by such Holders holders and Other Shareholders; provided, however, that such allocation shall not operate to reduce the aggregate number other selling stockholders. If any holder of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described this procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders holders of Registrable Securities and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata PRO RATA on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders holders and Other Shareholders, assuming conversionother selling stockholders, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders holders of Registrable Securities and Other Shareholders other selling stockholders have been so allocated. Provided, however, the Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include in that registration shares of stock issued to employees, officers, directors, or consultants pursuant to any Company stock option plan, and in such case all Registrable Securities covered by the registration shall be sold before any such other securities are sold.
Appears in 2 contracts
Samples: Registration Rights Agreement (Altris Software Inc), Registration Rights Agreement (Vista Information Solutions Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of the Company PURCHASER with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or Other Stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders Stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares held by such Holders and Other ShareholdersStockholders; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder Stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders Stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other ShareholdersStockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders Stockholders have been so allocated.
Appears in 2 contracts
Samples: Merger Agreement (Verso Technologies Inc), Merger Agreement (Brainworks Ventures Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities Excluded Shares and other shares of the Company with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or Other Stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities Excluded Shares and Other Shares that may be so included, the number of shares of Registrable Securities Excluded Shares and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders Stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities Excluded Shares and Other Shares held by such Holders and Other ShareholdersStockholders; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities Excluded Shares and Other Shares to be included in such registration, if any Holder or Other Shareholder Stockholder does not request inclusion of the maximum number of shares of Registrable Securities Excluded Shares and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders Stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities Excluded Shares and Other Shares which would be held by such Holders and Other ShareholdersStockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities Excluded Shares and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders Stockholders have been so allocated.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of the Company with registration rights (the “Other Shares”) Shares requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or Other Stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders Stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares held by such Holders and Other ShareholdersStockholders; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder Stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders Stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholders, assuming conversionStockholders, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders Stockholders have been so allocated.
Appears in 1 contract
Samples: Merger Agreement (Diagnostic Retrieval Systems Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company Corporation (including shares of Common Stock issued or issuable upon exercise of the Warrants) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. The Corporation shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights.
Appears in 1 contract
Samples: Stock Purchase Agreement (Globenet International I Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or Other Shareholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholders, assuming conversion; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder Subscriber does not request inclusion of the maximum minimum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which that would be held by such Holders and Other Shareholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by Subscribers with no registration rights or to include any other shares of stock issued to employees, officers, directors, or consultants pursuant to the Company's employee stock option plan or other equity plans or arrangements, or with respect to registrations under Sections 1.2 or 1.5 hereof, in order to include in such registration securities registered for the Company's own account.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other all of the shares of Common Stock of the Company with Company, the holders of which have contractual registration rights (the “Other Shares”) requested ), request to be included in a registration contemplated by Section 2(a) Registration and their request cannot be so included satisfied as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares held by selling shareholders that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders Investors and the holders of Other Shareholders Shares requesting inclusion of shares shares, pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders selling shareholders, assuming conversion of the Preferred Stock and Other Shareholders; provided, however, that such allocation shall not operate to reduce the aggregate number exercise of any warrants for Shares. If any holder of Registrable Securities and or Other Shares to be included in such registration, if any Holder or Other Shareholder does not request inclusion of the maximum number of shares of Registrable Securities and or Other Shares allocated to such Holder or Other Shareholder the selling shareholder pursuant to the above-described procedure, then the remaining portion of such the selling shareholder’s allocation shall be reallocated among those holders requesting Holders and inclusion of Registrable Securities or Other Shareholders Shares whose allocations allocation did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholders, assuming conversion, and this original requests. This procedure shall be repeated until all of the shares of Registrable Securities and Other Shares Shares, which may be included in the registration on behalf of the Holders and Other Shareholders Registration, have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a Registration pursuant to this Agreement in order to include shares held by Persons who do not have contractual registration rights or in order to include in the Registration securities registered for the Company’s own account.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion; provided, however, so that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include founder's stock or any other shares of stock issued to employees, officers, directors, or consultants, or with respect to registrations under Sections 1.5 or 1.8 hereof, in order to include in such registration securities registered for the Company's own account.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion; provided, however, so that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-above- described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include founder's stock or any other shares of stock issued to employees, officers, directors, or consultants, or with respect to registrations under Sections 1.2 or 1.5 hereof, in order to include in such registration securities registered for the Company's own account.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “Other Shares”) requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling shareholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among reduced first, amongst the Holders and Other Shareholders other selling shareholders requesting inclusion of shares (other than Holders) pro rata on the basis of the number of shares of Other Shares to be included in such registration, assuming conversion and, if after such Other Shares are excluded, reduction to the number of Registrable Securities and Other Shares held by to be offered is necessary, then pro rata amongst all Holders on the basis of the number of shares of Registrable Securities to be included in such Holders and Other Shareholdersregistration, assuming conversion; provided, however, so that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling shareholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholders, assuming conversionrequests, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling shareholders have been so allocated. The Company shall not limit the number of Registrable Securities or Other Shares to be included in a registration pursuant to this Agreement in order to include shares held by shareholders with no registration rights or to include other shares of stock issued to employees, officers, directors, or consultants, or with respect to registrations under Section 1.2 or 1.5 hereof, in order to include in such registration securities registered for the Company’s own account.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company Company) with registration rights (the “Other Shares”) requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling shareholders cannot be so included as a result of limitations of on the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling shareholders requesting inclusion of shares first to the Holders pro rata on the basis of the number of shares of Registrable Securities held by such Holders (assuming conversion) and then, if any availability remains, to the other selling shareholders pro rata on the basis of the number of Other Shares held by such Holders and Other Shareholdersother selling shareholders (assuming conversion); provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if . If any Holder or Other Shareholder other selling shareholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder shareholder pursuant to the above-described procedure, then the remaining portion of the allocation of such allocation Holder or shareholder shall be reallocated among those requesting Holders and Other Shareholders other selling shareholders whose allocations did not satisfy their requests in the priority identified above pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be Shares, as applicable, that are held by such Holders and Other Shareholdersother selling shareholders, as applicable, in each case assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling shareholders shall have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by shareholders with no registration rights or to include any shares of stock issued to employees, officers, directors or consultants pursuant to the Company’s stock option plan or any other employee benefit plan (or, with respect to registrations under Sections 3.1 or 3.4 hereof, in order to include in such registration securities registered for the Company’s own account).
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in ---------------------------------------- which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently issued or unissued series of Preferred Stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of on the aggregate number of shares of Registrable Securities and Other Shares that may be so included, subject to any preferential rights to register any such Other Shares, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder other selling stockholder pursuant to the above-described procedure, then in which case the remaining portion of such Holder's or other selling stockholder's allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “Other Shares”) requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion; provided, however, so that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. Notwithstanding anything herein to the contrary, (a) the Company shall not, without the written consent of the Holders of a majority of the Registrable Securities, limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include founder’s stock or any other shares of stock (other than the Shares) issued to employees, officers, directors or consultants pursuant to any stock option plan adopted by the Company or, with respect to registrations under Section 1.3 and Section 1.6 hereof, in order to include in such registration securities registered for the Company’s own account, and (b) the aggregate number of Other Shares includable in the allocation provisions of this Section 1.14 shall not exceed 820,000 without the consent of the holders of a majority of the Registrable Securities .
Appears in 1 contract
Samples: Investors’ Rights Agreement (Magma Design Automation Inc)
Allocation of Registration Opportunities. In Except as otherwise provided in this Agreement, in any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “Other Shares”) requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or Other Stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders Stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion; provided, however, that such allocation shall not operate in the case of any registration requested by the Investors pursuant to reduce the aggregate number of Sections 1.3, 1.4 or 1.6 hereof, all Registrable Securities and Other Shares requested to be included in such registrationtherein shall be included prior to inclusion of any Other Shares therein; and provided further, that if any Holder or Other Shareholder Stockholder does not request inclusion of the maximum number of shares of Registrable Securities and or Other Shares allocated to such Holder or Other Shareholder person pursuant to the above-described procedure, then the remaining portion of such allocation to such Holder or Other Stockholder shall be reallocated first among those requesting Holders and Other Shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and second, among those requesting Other ShareholdersStockholders on the basis of the number of Other Shares held by such Other Stockholders, in both cases assuming conversion, and this procedure . The Company shall be repeated until all of not limit the shares number of Registrable Securities and Other Shares which may to be included in a registration pursuant to this Agreement (i) in order to include shares held by stockholders with no registration rights, or (ii) to include any other shares of stock issued to employees, officers, directors, or consultants pursuant to the Company’s Stock Option Plan, or (iii) with respect to registrations under Sections 1.3 or 1.6 hereof, in order to include in such registration on behalf of securities registered for the Holders and Other Shareholders have been so allocatedCompany’s own account.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of the Company with registration rights (the “"Other 8 91 Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or Other Stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders Stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares held by such Holders and Other ShareholdersStockholders; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder Stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders Stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other ShareholdersStockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders Stockholders have been so allocated.
Appears in 1 contract
Samples: Merger Agreement (World Access Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities of the Holder and other shares of common stock of the Company (including shares of common stock issued or issuable upon conversion of any currently issued or unissued series of preferred stock, warrants or convertible debentures of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of the Registrable Securities and the Other Shares that which may be so included, the number of shares of the Registrable Securities and the Other Shares that which may be so included shall be allocated among the Holders Holder and Other Shareholders the other selling stockholders requesting inclusion of shares shall be pro rata on the basis of the number of shares of the Registrable Securities and the Other Shares that are held by such Holders the Holder and Other Shareholdersthe other selling stockholders on an as converted, as exercised basis; provided, however, that such allocation shall not operate to reduce the aggregate number of the Registrable Securities and the Other Shares to be included in such registration, if any the Holder or Other Shareholder any other selling stockholder does not request inclusion of the maximum number of shares of the Registrable Securities and the Other Shares allocated to such Holder or Other Shareholder it pursuant to the above-described procedure. In such event, then the remaining portion of such party's allocation shall be reallocated among those requesting Holders the Holder and Other Shareholders other selling stockholders whose pro rata allocations did not satisfy their requests for inclusion, pro rata on the basis of the number of shares of the Registrable Securities and the Other Shares which would be held by such Holders the Holder and Other Shareholdersother selling stockholders on an as converted, assuming conversion, as exercised basis and this procedure shall be repeated until all of the shares of the Registrable Securities and the Other Shares which that may be included in the registration on behalf of the Holders Holder and Other Shareholders other selling stockholders have been so allocated. In the event that this Section 6 conflicts with the rights of any holder of Other Shares pursuant to an agreement between the Company and such holder in effect on the date of this Agreement then the rights of the Holder under this Section 6 shall be subordinate to such other party's rights.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in ---------------------------------------- which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other Shareholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholders, assuming conversion; provided, however, so that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by shareholders with no registration rights or to include founder's stock or any other shares of stock issued to employees, officers, directors, or consultants pursuant to Company's 1996 Amended and Restated Stock Option Plan. Notwithstanding the foregoing, the Company shall not be required to provide to Holders pro rata rights to the extent the holders of Series A Preferred Stock have rights which are not subject to cutbacks.
Appears in 1 contract
Samples: Investors' Rights Agreement (Hiway Technologies Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Shareholders or other selling shareholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders Shareholders and Other Shareholders other selling shareholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders Shareholders and Other Shareholdersother selling shareholders, assuming conversion; providedPROVIDED, howeverHOWEVER, so that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder Shareholder or Other Shareholder other selling shareholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders Shareholders and Other Shareholders other selling shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders Shareholders and Other Shareholdersother selling shareholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders Shareholders and Other Shareholders other selling shareholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Section 14.9 in order to include shares held by shareholders with no registration rights.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of Purchaser or other selling stockholders cannot be so included as a result of limitations of on the aggregate number of shares of Registrable Securities and Other Shares that which may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders Purchaser and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders Purchaser and Other Shareholdersother selling stockholders, assuming conversion; provided, however, that, so that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if Purchaser or any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder it pursuant to the above-described procedure, then the remaining portion of such its allocation shall be reallocated among Purchaser, if applicable, and those other requesting Holders and Other Shareholders selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which that would be held by Purchaser and such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which that may be included in the registration on behalf of the Holders Purchaser and Other Shareholders other selling stockholders have been so allocated.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued Series of Preferred Stock of the Company) with registration rights (the “Other Shares”) requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or Other Stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders Stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other ShareholdersStockholders, assuming conversion; provided, however, that no such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration below thirty percent (30%) of the total amount of securities included in such offering; and provided, further, that no shares held by any Holder shall be so excluded from such registration until all Other Shares proposed to be registered by Other Stockholders are excluded from the registration, if . If any Holder or Other Shareholder Stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders Stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other ShareholdersStockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders Stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights, or with respect to registrations under Sections 1.5 hereof, in order to include in such registration securities registered for the Company’s own account. To facilitate the allocation of Shares in accordance with the above provisions, the Company or the Underwriters may round the number of Shares allocated to any Holder to the nearest 100 Shares.
Appears in 1 contract
Samples: Investors’ Rights Agreement (Atheros Communications Inc)
Allocation of Registration Opportunities. In Subject to Section 1.3, in any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company Corporation (including shares of Common Stock issued or issuable upon conversion of any currently issued or unissued series of Preferred Stock of the Corporation) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion; provided, provided however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, registration if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then in which case the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders have been so allocated.of
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “Other Shares”"OTHER SHARES") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares other shares that may be so included, the number of shares of Registrable Securities and Other Shares other shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares other shares that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares other shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares other shares allocated to such Holder him or Other Shareholder her pursuant to the above-described procedure, then in which case the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares other shares which would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares other shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include shares of stock issued to founders of the Company or to employees, officers, directors, or consultants pursuant to the Company's 1996 Incentive Stock Option Plan, or in the case of registrations under Sections 1.2 or 1.5 hereof, in order to include in such registration securities registered for the Company's own account.
Appears in 1 contract
Samples: Investors' Rights Agreement (Electro Optical Sciences Inc /Ny)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “Other Shares”) requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-above- described procedure, then in which case the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include shares of stock issued to employees, officers, directors, or consultants pursuant to the Company’s stock option or similar compensation plan, or in the case of registrations under Sections 1.3 or 1.6 hereof, in order to include in such registration securities registered for the Company’s own account.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “Other Shares”"OTHER SHARES") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion; provided, however, so that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights existing on the date hereof or to include founder's stock or any other shares of stock issued to employees, officers, directors, or consultants pursuant to incentive stock plans of the Company, or, with respect to registrations under Sections 2.1 or 2.4 hereof, in order to include in such registration securities registered for the Company's own account.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of the Company Buyer with registration rights (the “Other Shares”) requested to be included in a registration contemplated by Section 2(a1.3(b) cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated allocated, subject to the registration rights applicable to the Other Shares which shall control in event of a conflict with provisions hereof, among the Holders and Other Shareholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares held by such Holders and Other Shareholders; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder pursuant to the above-described procedure, then the remaining portion of such allocation shall be reallocated among those requesting Holders and Other Shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders have been so allocated.
Appears in 1 contract
Samples: Registration Rights Agreement (Verso Technologies Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then in which case the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated.. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include shares of stock issued to employees, officers, directors, or consultants pursuant to the Company's stock option or similar compensation plan, or in the case of registrations under Sections 1.3 or 1.6 hereof, in order to include in such registration securities registered for the Company's own account................................................................13
Appears in 1 contract
Samples: Registration Rights Agreement (Ivy Orthopedic Partners LLC)
Allocation of Registration Opportunities. In Subject to the provisions of any registration rights agreement entered into by the Company prior to the date hereof and disclosed in the registration statement relating to the Public Offering, in any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration Registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) Registration on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of on the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on based upon the basis respective number of shares requested to be so included by the Holders and such other selling stockholders. In the event a Holder or other selling stockholder subsequently withdraws or reduces a request for inclusion in such Registration of its Registrable Securities or Other Shares, as the case may be, the number of shares of Registrable Securities and Other Shares held by such Holders and Other Shareholders; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder pursuant to the above-described procedure, then the remaining portion of such allocation shall be reallocated among those requesting Holders and Other Shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be so included shall be re-allocated in the same manner. The Company may not limit the number of Registrable Securities to be included in a Registration pursuant to this Agreement in order to include in such Registration securities registered for the registration on behalf of the Holders and Other Shareholders have been so allocatedCompany's own account.
Appears in 1 contract
Samples: Underwriters' Warrant Agreement (All-Comm Media Corp)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares securities of the Company with held by others who have been granted registration rights rights, including the DCI Stockholders, (the “"Other Shares”") requested are the subject of a request to be included in a registration contemplated by Section 2(a) and cannot be so included as a result of limitations of on the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders those requesting inclusion of shares as follows:
(a) Upon a request for registration by the Investor pursuant to Section 1.2, the Other Shares to be included in such registration shall be reduced pro rata among the holders of such shares to the extent necessary to accommodate the sale of ALL of the Registrable Securities by the Investor and Stockholders, even if such reduction may eliminate the opportunity for the sale of Other Shares. If, after the Other Shares are eliminated from such registration, limitations remain on the Registrable Securities to be included in such registration, the Registrable Securities to be included shall be reduced on a pro rata basis among the Investor and the Stockholders.
(b) Upon a registration proposed by another holder of Company securities pursuant to Section 1.3, the Registrable Securities to be included in such registration shall be reduced pro rata among the Investor and the Stockholders to the extent necessary to accommodate the sale of ALL of the Other Shares by such other holder, even if such reduction may eliminate the opportunity for the sale of the Registrable Securities.
(c) Upon a registration proposed by the Company pursuant to Section 1.3, the number of Registrable Securities and Other Shares to be included in such registration shall, AFTER the inclusion of all shares proposed for sale by the Company, be allocated pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders the Investor, the holders, and stockholders of Other ShareholdersShares, assuming conversion; provided, however, so that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registrationregistration below twenty-five percent (25%) of the total amount of securities included in such offering. If the Investor, if any Holder the Stockholder, or Other Shareholder does other security holders do not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders Stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other ShareholdersStockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders Stockholders have been so allocated.
(d) The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights. To facilitate the allocation of Securities in accordance with the above provisions, the Company or the Underwriters may round the number of Securities allocated to any Stockholder to the nearest 100 Securities.
Appears in 1 contract
Samples: Investor's Rights Agreement (Airport Systems International Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities Stock and other shares of the Company ACI Common Stock (including shares of common stock issued or issuable upon conversion of shares of any currently unissued series of preferred stock of ACI) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(aon behalf ------------ of the Holders or other selling stockholders ("Other Stockholders") cannot be so ------------------ included as a result of limitations of the aggregate number of shares of Registrable Securities Stock and Other Shares that may be so included, the number of shares of Registrable Securities Stock and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders Stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities Stock and Other Shares that would be held by such Holders and Other ShareholdersStockholders, assuming conversion; provided, however, however that such allocation shall not operate to reduce the aggregate number of Registrable Securities Stock and Other Shares to be included in such registration, if any Holder or Other Shareholder Stockholder does not request inclusion of the maximum number of shares of Registrable Securities Stock and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders Stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities Stock and Other Shares which would be held by such Holders and Other ShareholdersStockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities Stock and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders Stockholders have been so allocated.
Appears in 1 contract
Samples: Registration Rights Agreement (Avery Communications Inc)
Allocation of Registration Opportunities. In Subject to the rights of the Prior Holders contained in the Prior Registration Rights Agreements, notwithstanding any other provision of this Section 1.9, in any circumstance in which all of the Registrable Securities and other shares of the Company with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or Other Stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders Stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares held by such Holders and Other ShareholdersStockholders; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder Stockholders does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders Stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other ShareholdersStockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders Stockholders have been so allocated.
Appears in 1 contract
Samples: Registration Rights Agreement (United Auto Group Inc)
Allocation of Registration Opportunities. In any ---------------------------------------- circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may so be so included shall be allocated among (1) first to the Holders and Other Shareholders requesting inclusion of shares such registration (where such registration has been requested by one or more Holders pursuant to Section 3.1 or 3.2), pro rata on the basis of the number of shares of Registrable Securities held by such Holders, and (2) thereafter to the other selling stockholders requesting inclusion of Other Shares in such registration, pro rata on the basis of the number of Other Shares held by such Holders and Other Shareholdersother selling stockholders; provided, -------- however, that such allocation shall not operate to reduce the aggregate number ------- of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares share of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then procedure in which case the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares Share which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include shares of stock issued to founders of the Company or to employees, officers, directors, or consultants pursuant to the Company's Stock Option Plan, or in the case of registrations under Sections 3.1 or 3.3 hereof, in order to include in such registration securities registered for the Company's own account.
Appears in 1 contract
Allocation of Registration Opportunities. In Except as otherwise stated herein, in any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issuable or issued upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “Other Shares”) requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations imposed upon shares to be underwritten of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders proposed to be included in such registration, assuming conversion; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then in which case the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. Notwithstanding the foregoing, the Company shall not limit the number of Senior Registrable Securities to be included in a registration pursuant to this Agreement in order to include any JVB Shares or shares held by stockholders with no registration rights or to include shares of stock issued to any person other than the Holders or to employees, officers, directors, or consultants pursuant to the any equity incentive plan of the Company, or in the case of registrations under Sections 1.2 or 1.5 hereof, in order to include in such registration securities registered for the Company’s own account; provided, that in the case of a registration initiated by a class of Initiating Holders under Section 1.2, no Registrable Securities that are not in or held upon conversion of the applicable class of Senior Registrable Securities associated with the Initiating Holders shall be included in such registration prior to the inclusion in full of any Senior Registrable Securities of or held upon conversion of such class requested to be included in such registration.
Appears in 1 contract
Samples: Investors’ Rights Agreement (Silver Spring Networks Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Additional Registrable Securities and other shares of the Company Purchaser with registration rights (the “Other Shares”) requested to be included in a registration contemplated by Section 2(a1.3(b) cannot be so included as a result of limitations of the aggregate number of shares of Additional Registrable Securities and Other Shares that may be so included, the number of shares of Additional Registrable Securities and Other Shares that may be so included shall be allocated allocated, subject to the registration rights applicable to the Other Shares which shall control in event of a conflict with provisions hereof, among the Holders and Other Shareholders requesting inclusion of shares pro rata on the basis of the number of shares of Additional Registrable Securities and Other Shares held by such Holders and Other Shareholders; provided, however, that such allocation shall not operate to reduce the aggregate number of Additional Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder does not request inclusion of the maximum number of shares of Additional Registrable Securities and Other Shares allocated to such Holder or Other Shareholder pursuant to the above-described procedure, then the remaining portion of such allocation shall be reallocated among those requesting Holders and Other Shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Additional Registrable Securities and Other Shares which would be held by such Holders and Other Shareholders, assuming conversion, and this procedure shall be repeated until all of the shares of Additional Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders have been so allocated.
Appears in 1 contract
Samples: Registration Rights Agreement (Verso Technologies Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling shareholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that which may be so included, the number of shares of Registrable Securities and Other Shares that which may be so included shall be allocated among the Holders and Other Shareholders other selling shareholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling shareholders, assuming conversion; provided, however, that, so that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling shareholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which that would be held by such Holders and Other Shareholdersother selling shareholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which that may be included in the registration on behalf of the Holders and Other Shareholders other selling shareholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by shareholders with no registration rights or to include Founder's Stock or any other shares of stock issued to employees, officers, directors or consultants pursuant to the Company's stock option plan, or with respect to registrations under Sections 1.2 or 1.5 hereof, in order to include in such registration securities registered for the Company's own account or included at the request of the Company pursuant to Section 1.3 hereof without the prior written consent of seventy percent (70%) of the Holders; provided, further, that in no event will the amount of securities of the selling Holders included in a registration pursuant to Section 1.3 hereof be reduced below twenty percent (20%) of the total amount of securities included in such offering, unless such offering is the Initial Offering of the Company's securities in which case the selling shareholders may be excluded entirely if the underwriters make the determination described above and no other shareholder's securities are included. For purposes of determining allocation hereunder, (a) for any selling shareholder which is a Holder of Registrable Securities and which is a partnership or corporation, the partners, retired partners and shareholders of such Holder, or the estates and family members of any such partners and retired partners and any trusts for the benefit of any of the foregoing persons will be deemed to be a single "selling shareholder," and (b) all of the JAFCO Funds together shall be deemed to be a "selling shareholder." Any pro-rata reduction with respect to any such "selling shareholder" will be based upon the aggregate amount of shares carrying registration rights owned by all entities and individuals included in such "selling shareholder."
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares Common Stock of the Company with registration rights (the “Other Shares”"OTHER SHARES") requested to be included in a registration contemplated by Section 2(a) on behalf of the holders of Registrable Securities or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders holders of Registrable Securities and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders holders and Other Shareholders; provided, however, that such allocation shall not operate to reduce the aggregate number other selling stockholders. If any holder of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described this procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders holders of Registrable Securities and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders holders and Other Shareholders, assuming conversionother selling stockholders, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders holders of Registrable Securities and Other Shareholders other selling stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include in that registration shares of stock issued to employees, officers, directors, or consultants pursuant to the Company's stock option plan, or in order to include in such registration securities registered for the Company's own account.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which If Holders exercise registration rights under Section 3.2 or Section 3.4 and all of the Registrable Securities and other shares of the Company Company's Voting Common Stock (including shares of Voting Common Stock issued or issuable upon conversion of shares of any currently unissued series of the Company's Non-Voting Common Stock or Preferred Stock) with registration rights (such other securities, the “Other Shares”"OTHER SHARES") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or Other Stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, then the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders requesting inclusion of shares Stockholders pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other ShareholdersStockholders, assuming conversion; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder does not request inclusion of at least the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder Stockholder pursuant to the above-described foregoing procedure, then the remaining portion of such Holder's or Other Stockholder's allocation shall be reallocated among those requesting Holders and or Other Shareholders Stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which that would be held by such Holders and Other ShareholdersStockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which that may be included in the registration on behalf of the Holders and Other Shareholders Stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include Other Shares or shares held by stockholders with no registration rights or to include shares of stock held by other employees, officers, directors, or consultants pursuant to any Company stock option plan or otherwise.
Appears in 1 contract
Samples: Subscription and Investor Rights Agreement (Life Sciences Research Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of the Company with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares held by such Holders and Other Shareholders; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder pursuant to the above-described procedure, then the remaining portion of such allocation shall be reallocated among those requesting Holders and Other Shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders have been so allocated. 10.
Appears in 1 contract
Samples: Registration Rights Agreement (I2 Telecom International Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of preferred stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then in which case the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated.
Appears in 1 contract
Samples: Common Stock Purchase Agreement (Right Start Inc /Ca)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities Shares and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Purchaser or other selling shareholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities the Shares and Other Shares that which may be so included, the number of shares of Registrable Securities Shares and Other Shares that may to be so included shall be allocated among the Holders Purchaser and Other Shareholders other selling shareholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities Shares and Other Shares that would be held by such Holders the Purchaser and Other Shareholdersother selling shareholders, assuming conversion; provided, however, that, so that such allocation shall not operate to reduce the aggregate number of Registrable Securities the Shares and Other Shares to be included in such registration, if any Holder the Purchaser or Other Shareholder other selling shareholder does not request inclusion of the maximum number of shares of Registrable Securities the Shares and Other Shares allocated to such Holder him, her or Other Shareholder it pursuant to the above-described procedure, then the remaining portion of such his, her or its allocation shall be reallocated among those requesting Holders the Purchaser and Other Shareholders other selling shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities the Shares and Other Shares which that would be held by such Holders the Purchaser and Other Shareholdersother selling shareholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities Shares and Other Shares which that may be included in the registration on behalf of the Holders Purchaser and Other Shareholders other selling shareholders have been so allocated.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of on the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders at the time of filing the Registration Statement; provided, however, that those Registrable Securities held by Xxxxxxx X. Xxxxxx and Xxxxx X. Xxxxxxxxx shall be limited or excluded completely from the registration before the other Investors suffer any limitation or exclusion of their Registrable Securities from such registration; and provided, further, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if . If any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such this allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which that would be held by such Holders and Other Shareholders, assuming conversion, other selling stockholders and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance ---------------------------------------- in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion; provided, however, so that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-above- described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. Notwithstanding anything herein to the contrary, (a) the Company shall not, without the written consent of the Holders of a majority of the Registrable Securities, limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include founder's stock or any other shares of stock (other than the Shares) issued to employees, officers, directors or consultants pursuant to any stock option plan adopted by the Company or, with respect to registrations under Section 1.3 and Section 1.6 hereof, in order to include in such registration securities registered for the Company's own account, and (b) the aggregate number of Other Shares includable in the allocation provisions of this Section 1.14 shall not exceed 820,000 without the consent of the holders of a majority of the Registrable Securities.
Appears in 1 contract
Samples: Investors' Rights Agreement (Magma Design Automation Inc)
Allocation of Registration Opportunities. In any circumstance in ---------------------------------------- which all of the Registrable Securities and other shares of New Common Stock of the Company (other than shares of New Common Stock issued or issuable upon conversion of shares of any currently unissued series of New Preferred Stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling shareholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling shareholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling shareholders, assuming conversion; provided, however, so that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling shareholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling shareholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling shareholders have been so allocated.
Appears in 1 contract
Samples: Registration Rights Agreement (Cb Commercial Holdings Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares Common Stock of the Company with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holder or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders Holder and Other Shareholders the other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by the Holder and such Holders and Other Shareholders; provided, however, that such allocation shall not operate to reduce other selling stockholders. If the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder any other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder it pursuant to the above-described this procedure, then the remaining portion of such its allocation shall be reallocated among those requesting Holders holders of Registrable Securities and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders holders and Other Shareholders, assuming conversionother selling stockholders, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders Holder and Other Shareholders other selling stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include in that registration shares of stock issued to employees, officers, directors, or consultants pursuant to the Company's stock option plan.
Appears in 1 contract
Samples: Registration Rights Agreement (Smart Choice Automotive Group Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “Other Shares”"OTHER SHARES") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares other shares that may be so included, the number of shares of Registrable Securities and Other Shares other shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares other shares that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion; provided, however, that such allocation shall not operate to -12- <PAGE> reduce the aggregate number of Registrable Securities and Other Shares other shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares other shares allocated to such Holder him or Other Shareholder her pursuant to the above-described procedure, then in which case the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares other shares which would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares other shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include shares of stock issued to founders of the Company or to employees, officers, directors, or consultants pursuant to the Company's 1996 Incentive Stock Option Plan, or in the case of registrations under Sections 1.2 or 1.5 hereof, in order to include in such registration securities registered for the Company's own account.
Appears in 1 contract
Samples: Investors' Rights Agreement
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “Other Shares”) requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among excluded, pro rata, until the Holders and Other Shareholders requesting inclusion of shares pro rata on the basis of the aggregate number of shares of Registrable Securities and Other Shares held by such Holders and Other Shareholders; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to may be included in such registration. If, if any Holder or after the complete exclusion of Other Shareholder does not request inclusion of Shares from such registration, the maximum aggregate number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder pursuant to the above-described procedure, then the remaining portion cannot be so included as a result of such allocation shall be reallocated among those requesting Holders and Other Shareholders whose allocations did not satisfy their requests pro rata on the basis of limitations, the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholders, assuming conversion, and this procedure the Stockholders shall be repeated excluded, pro rata, until all the aggregate number of the shares of Registrable Securities and Other Shares which may be included in APIGEE CORPORATION AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT such registration. If, after the complete exclusion of Registrable Securities held by the Stockholders from such registration, the aggregate number of remaining shares of Registrable Securities cannot be so included as a result of such limitations, the remaining shares of Registrable Securities shall be excluded, pro rata, until the aggregate number of shares of Registrable Securities may be included in such registration. In no event shall shares of Registrable Securities held by the Investors be excluded from such registration on behalf of unless all Other Shares and all Registrable Securities held by the Holders and Other Shareholders Stockholders have been so allocatedcompletely excluded from such registration.
Appears in 1 contract
Allocation of Registration Opportunities. In Subject to the last sentence of this Section 2.13, in any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then in which case the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. No stockholder of the Company shall be granted registration rights that would reduce the number of shares includable by the holders of Registrable Securities in such registration (except for pari passu registration rights granted for securities issuable upon the exercise of warrants issued in connection with debt financing by banks or equipment lessors, provided that the terms of such debt financing and the issuance of warrants were approved by a majority of the Board of Directors) without the consent of the holders of at least sixty percent (60%) of the Registrable Securities. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include shares of stock issued to founders of the Company or to employees, officers, directors, or consultants pursuant to the Company's 2002 Stock Plan, or in the case of registrations under Sections 2.2 or 2.5 hereof, in order to include in such registration securities registered for the Company's own account or Other Shares.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of the Company with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Registerable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if . If any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by be such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or pursuant to any stock option plan or with respect to registrations under Sections 2.2 or 2.5 hereof, in order to include in such registration securities registered for the Company's own account.
Appears in 1 contract
Samples: Shareholders' Rights Agreement (Rediff Communication LTD)
Allocation of Registration Opportunities. In Subject to the provisions of Sections 1.2(d) and 1.3(b), in any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “Other Shares”) requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among excluded, pro rata, until the Holders and Other Shareholders requesting inclusion of shares pro rata on the basis of the aggregate number of shares of Registrable Securities and Other Shares held by such Holders and Other Shareholders; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to may be included in such registration. If, if any Holder or after the complete exclusion of Other Shareholder does not request inclusion of Shares from such registration, the maximum aggregate number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder pursuant to the above-described procedure, then the remaining portion cannot be so included as a result of such allocation shall be reallocated among those requesting Holders and Other Shareholders whose allocations did not satisfy their requests pro rata on the basis of limitations, the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholders, assuming conversion, and this procedure the Founders shall be repeated excluded, pro rata, until all the aggregate number of the shares of Registrable Securities and Other Shares which may be included in such registration. If, after the complete exclusion of Registrable Securities held by the Founders from such registration, the aggregate number of remaining shares of Registrable Securities cannot be so included as a result of such limitations, the remaining shares of Registrable Securities shall be excluded, pro rata, until the aggregate number of shares of Registrable Securities may be included in such registration. In no event shall shares of Registrable Securities held by the Preferred Investors be excluded from such registration on behalf of unless all Other Shares and all Registrable Securities held by the Holders and Other Shareholders Founders have been so allocatedcompletely excluded from such registration.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of common stock of the Company (including shares of common stock issued or issuable upon exercise/conversion of any outstanding convertible securities of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then in which case the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include shares of stock issued to employees, officers, directors, or consultants pursuant to the Company's stock option or similar compensation plan, or in the case of registrations under Sections 1.3 or 1.6 hereof, in order to include in such registration securities registered for the Company's own account.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities Excluded Shares and other shares of the Company with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or Other Stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities Excluded Shares and Other Shares that may be so included, the number of shares of Registrable Securities Excluded Shares and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders Stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities Excluded Shares and Other Shares held by such Holders and Other ShareholdersStockholders; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities Excluded Shares and Other Shares to be included in such registration, if . If any Holder or Other Shareholder Stockholder does not request inclusion of the maximum number of shares of Registrable Securities Excluded Shares and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders Stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities Excluded Shares and Other Shares which would be held by such Holders and Other ShareholdersStockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities Excluded Shares and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders Stockholders have been so allocated.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares securities of the Company with having registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or Other Stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders Stockholders requesting inclusion of shares securities pro rata on the basis of the number of shares of Registrable Securities and Other Shares that are held by such Holders and Other ShareholdersStockholders; provided, however, in order that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder Stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders Stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which that would be held by such Holders and Other ShareholdersStockholders, assuming conversioninclusion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders Stockholders have been so allocated.
Appears in 1 contract
Samples: Exchange and Combination Agreement (Miller Exploration Co)
Allocation of Registration Opportunities. In If any circumstance in which Holders exercise registration rights under Section 1.2 or 1.4 (but not Section 1.1), and all of the such Holders' Registrable Securities and requested to be included in a registration, along with all other shares securities (including Registrable Securities) of the Company with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of other selling stockholders, cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, then the number of shares of the Holders' Registrable Securities and Other Shares that may be so included shall will be allocated among the Holders and Other Shareholders requesting inclusion of shares pro rata on the basis of the number of shares of the Holders' Registrable Securities and Other Shares that would be held by such Holders and Other ShareholdersHolders, assuming conversion; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder does not request inclusion of at least the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder selling stockholder pursuant to the above-described foregoing procedure, then the remaining portion of such Holder's allocation shall will be reallocated among those requesting Holders and Other Shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which that would be held by such Holders and Other ShareholdersHolders, assuming conversion, and this procedure shall will be repeated until all of the shares of Registrable Securities and Other Shares which that may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. The Company will not limit the number of any Holder's Registrable Securities to be included in a registration pursuant to this Agreement in order to include Other Shares or, in the case of registrations under Section 1.4, in order to include in such registration securities registered for the Company's own account.
Appears in 1 contract
Samples: Investors' Rights Agreement (Mortgage Assistance Center Corp)
Allocation of Registration Opportunities. In If (i) other securityholders of ACI ("Other Securityholders") have the right to have their shares of Common Stock, whether then issued or issuable in the future upon the exercise of any circumstance warrant, option or similar right or upon the conversion or exchange of any convertible or exchangeable security ("Other Shares"), included in which the same registration statement as the Registrable Stock, (ii) the agreement or agreements setting forth the registration rights of the Other Securityholders do not grant to any of the Other Securityholders a preference or priority to have some or all of the Registrable Securities and other Other Shares included in the registration statement before shares of the Company with Registrable Stock held by the Holder are included, and, (iii) ACI has required, pursuant to Section 1.1.2, that a specified portion, but not all, of the shares of the Registrable Stock and the Other Shares be excluded from such registration rights (the “Other Shares”) requested to be included statement, then, in a registration contemplated by Section 2(a) cannot be so included as a result of limitations of such events, the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities Stock and Other Shares that may be so included shall be allocated among the Holders Holder and Other Shareholders Securityholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities Stock and Other Shares held by such Holders the Holder and Other Shareholders; providedSecurityholders. Such allocation shall not, however, that such allocation shall not operate to reduce the aggregate number of shares of Registrable Securities Stock and Other Shares to be included in such registration, if . If any Holder or any Other Shareholder Stockholder does not request inclusion of the maximum number of shares of Registrable Securities Stock and Other Shares allocated to such Holder or Other Shareholder Person pursuant to the above-described procedure, then the remaining portion of any such Person's allocation shall be reallocated among those requesting Holders the Holder and Other Shareholders Stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities Stock and Other Shares which would be held by such Holders the Holder and Other Shareholders, assuming conversionStockholders, and this procedure shall be repeated until all of the shares of Registrable Securities Stock and Other Shares which may be included in the registration on behalf of the Holders Holder and Other Shareholders Stockholders have been so allocated.
Appears in 1 contract
Samples: Registration Rights Agreement (Avery Communications Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of BESC (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that which may be so included, the number of shares of Registrable Securities and Other Shares that which may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion; provided, however, that, so that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which that may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. BESC shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include any other shares of stock issued to employees, officers, directors or consultants pursuant to BESC's Employee Stock Option Plan, or with respect to registrations under Section 5.2, in order to include in such registration securities registered for the Company's own account.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-above- described procedure, then in which case the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include shares of stock issued to employees, officers, directors, or consultants pursuant to the Company's stock option or similar compensation plan, or in the case of registrations under Sections 1.3 or 1.6 hereof, in order to include in such registration securities registered for the Company's own account.
Appears in 1 contract
Samples: Series a Preferred Stock Purchase Agreement (Encore Medical Corp)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of the Company Common Stock of Timberline Resources with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders requesting inclusion of shares pro REGISTRATION RIGHTS AGREEMENT - 9 rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then in which case the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. Timberline Resources shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order (a) to include shares held by stockholders with no registration rights, (b) to include shares of stock issued to employees, officers, directors, or consultants of Timberline Resources, or (c) in the case of registrations under Section 4 hereof, to include in such registration securities registered for Timberline Resources's own account; provided further that in the case of a registration under Section 2, the number of shares of Registrable Securities to be included in such registration pursuant to this Agreement shall not be limited without concurrent limitation of the number of Other Shares with similar registration rights to be included in such registration and instead the number of shares and Other Shares to be included in such registration shall be determined based upon the allocation provisions set forth above in this Section 13.
Appears in 1 contract
Samples: Stock Purchase and Sale Agreement (Timberline Resources Corp)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of the Company with registration rights (the “Other Shares”) requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling shareholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that which may be so included, the number of shares of Registrable Securities and Other Shares that which may be so included shall be allocated among the Holders and Other Shareholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other ShareholdersHolders, assuming conversion; provided, however, that, so that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which that would be held by such Holders and Other ShareholdersHolders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which that may be included in the registration on behalf of the Holders and Other Shareholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by any other shareholder of the Company or with respect to registrations under Sections 1.3 or 1.5 hereof, in order to include in such registration securities registered for the Company's own account.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if . If any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder other stockholder pursuant to the above-described procedure, then the remaining portion of such Holder's or other stockholder's allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include any shares of stock issued to employees, officers, directors, or consultants pursuant to the Company's Second Amended and Restated 1988 Stock Option Plan, 1992 Employee Stock Purchase Plan, or any other compensatory plan or agreement, or, with respect to registration under Sections 1.2 hereof, in order to include in such registration securities registered for the Company's own account.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities Stock and other shares of the Company Common Stock (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of preferred stock of ACI) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(aon behalf of the Holder or other selling stockholders ("Other Stockholders") cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities Stock and Other Shares that may be so included, other than as provided in Section 1.1.2, the number of shares of Registrable Securities Stock and Other Shares that may be so included shall be allocated among the Holders Holder and Other Shareholders Stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities Stock and Other Shares that would be held by such Holders the Holder and Other ShareholdersStockholders, assuming conversion; provided, however, that such allocation shall not operate to reduce the aggregate number of shares of Registrable Securities Stock and Other Shares to be included in such registration, if . If any Holder or any Other Shareholder Stockholder does not request inclusion of the maximum number of shares of Registrable Securities Stock and Other Shares allocated to such Holder or Other Shareholder Person pursuant to the above-described procedure, then the remaining portion of any such Person's allocation shall be reallocated among those requesting Holders the Holder and Other Shareholders Stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities Stock and Other Shares which would be held by such Holders the Holder and Other ShareholdersStockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities Stock and Other Shares which may be included in the registration on behalf of the Holders Holder and Other Shareholders Stockholders have been so allocated.
Appears in 1 contract
Samples: Registration Rights Agreement (Avery Communications Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities Stock and other shares of the Company ACI Common Stock (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of preferred stock of ACI) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(aon behalf ------------ of the Holder or other selling stockholders ("Other Stockholders") cannot be so ------------------- included as a result of limitations of the aggregate number of shares of Registrable Securities Stock and Other Shares that may be so included, other than as provided in Section 1.1.4 and Section 1.2.2, the number of shares of Registrable Securities ------------- ------------- Stock and Other Shares that may be so included shall be allocated among the Holders Holder and Other Shareholders Stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities Stock and Other Shares that would be held by such Holders the Holder and Other ShareholdersStockholders, assuming conversion; provided, however, that such allocation shall not operate to reduce the aggregate number of shares of Registrable Securities Stock and Other Shares to be included in such registration, if any . If the Holder or any Other Shareholder Stockholder does not request inclusion of the maximum number of shares of Registrable Securities Stock and Other Shares allocated to such Holder or Other Shareholder Person pursuant to the above-described procedure, then the remaining portion of any such Person's allocation shall be reallocated among those requesting Holders Holder and Other Shareholders Stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities Stock and Other Shares which would be held by such Holders the Holder and Other ShareholdersStockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities Stock and Other Shares which may be included in the registration on behalf of the Holders Holder and Other Shareholders Stockholders have been so allocated.
Appears in 1 contract
Samples: Registration Rights Agreement (Avery Communications Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated allocated, first, among the Holders and Other Shareholders requesting inclusion of shares Registrable Securities pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Holders, assuming conversion, and, second, among the other selling stockholders requesting inclusion of Other ShareholdersShares pro rata on the basis of the number of Other Shares that would be held by such other selling stockholders, assuming conversion; provided, however, so that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include founder's stock or any other shares of stock issued to employees, officers, directors, or consultants pursuant to the Company's 1998 Incentive Stock Plan, or with respect to registrations under Sections 1.2 or 1.5 hereof, in order to include in such registration securities registered for the Company's own account.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of the Company with registration rights (the “Other Shares”) requested to be included in a registration contemplated by Section 2(a) cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated allocated, subject to the registration rights applicable to the Other Shares which shall control in event of a conflict with provisions hereof, among the Holders and Other Shareholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares held by such Holders and Other Shareholders; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder pursuant to the above-described procedure, then the remaining portion of such allocation shall be reallocated among those requesting Holders and Other Shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders have been so allocated.
Appears in 1 contract
Samples: Registration Rights Agreement (I2 Telecom International Inc)
Allocation of Registration Opportunities. In any circumstance in which all ---------------------------------------- of the Registrable Securities and other shares securities of the Company with registration rights (the “"Other Shares”") ------------ requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or Other Stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders Stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares held by such Holders and Other Shareholdersparties requested to have registered in such offering; provided, however, that such allocation shall not -------- ------- operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, registration if any Holder or Other Shareholder Stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then in which case the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares for which would be held by such Holders and Other Shareholders, assuming conversionregistration had been requested, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders Stockholders have been so allocated.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including without limitation shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares in the following orders of priority:
(a) if the registration is pursuant to a request under Section 1.3 then first, pro rata among the Holders (excluding Other Investors and their permitted transferees other than Investors) on the basis of the number of shares of Registrable Securities held by such Holders; second, all securities that the Company proposes to sell for its own account; and third, pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by the remaining Holders and other selling stockholders;
(b) if the registration is a registration described in Section 1.4, then first, all securities that the Company proposes to sell for its own account; second, pro rata among the Holders on the basis of the number of shares of Registrable Securities held by such Holders; and third, pro rata on the basis of the number of Other Shares held by other selling stockholders; and
(c) for all other registrations, then first, pro rata among the Holders on the basis of the number of shares of Registrable Securities held by such Holders; second, all securities that the Company proposes to sell for its own account; and third, pro rata on the basis of the number of Other ShareholdersShares held by the other selling stockholders; provided, however, that such each allocation in Section 1.14(a), (b) and (c) shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedureprocedures, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholders, assuming conversionforegoing priority, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include securities owned by the Olims or any other shares of stock issued to employees, officers, directors, or consultants pursuant to the Company's 1996 Equity Compensation Plan, or with respect to registrations under Sections 1.6 or 1.9 hereof, in order to include in such registration securities registered for the Company's own account.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of the Company Shares with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of on the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion; provided, provided however, so that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other other Shares which would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include founder's stock or any other shares of stock issued to employees, officers, directors, or consultants pursuant to any Company stock plan(s) in order to include in such registration securities registered for the Company's own account.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling stockholders; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such this allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which that would be held by such Holders and Other Shareholdersother selling stockholders, assuming such conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights.
Appears in 1 contract
Samples: Convertible Preferred Stock Registration Rights Agreement (High Speed Access Corp)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “Other Shares”) requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling Stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling Stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling Stockholders, assuming conversion; provided, however, so that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling Stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling Stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling Stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by Stockholders with no registration rights or to include securities held by the founders of the Company or any other shares of stock issued to employees, officers, directors, or consultants pursuant to Company’s 1995 Stock Plan, as amended.
Appears in 1 contract
Samples: Investors’ Rights Agreement (Sirf Technology Holdings Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of the Company with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a1.3(a) cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated allocated, subject to the registration rights applicable to the Other Shares which shall control in event of a conflict with provisions hereof, among the Holders and Other Shareholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares held by such Holders and Other Shareholders; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder pursuant to the above-described procedure, then the remaining portion of such allocation shall be reallocated among those requesting Holders and Other Shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders have been so allocated.
Appears in 1 contract
Samples: Registration Rights Agreement (Verso Technologies Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company 80 (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling shareholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that which may be so included, the number of shares of Registrable Securities and Other Shares that which may be so included shall be allocated among the Holders and Other Shareholders other selling shareholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling shareholders, assuming conversion; provided, however, that, so that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling shareholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which that would be held by such Holders and Other Shareholdersother selling shareholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which that may be included in the registration on behalf of the Holders and Other Shareholders other selling shareholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by shareholders with no registration rights or to include Founder's Stock or any other shares of stock issued to employees, officers, directors or consultants pursuant to the Company's stock option plan, or with respect to registrations under Sections 1.2 or 1.5 hereof, in order to include in such registration securities registered for the Company's own account or included at the request of the Company pursuant to Section 1.3 hereof without the prior written consent of seventy percent (70%) of the Holders; provided, further, that in no event will the amount of securities of the selling Holders included in a registration pursuant to Section 1.3 hereof be reduced below twenty percent (20%) of the total amount of securities included in such offering, unless such offering is the Initial Offering of the Company's securities in which case the selling shareholders may be excluded entirely if the underwriters make the determination described above and no other shareholder's securities are included. For purposes of determining allocation hereunder, for any selling shareholder which is a Holder of Registrable Securities and which is a partnership or corporation, the partners, retired partners and shareholders of such Holder, or the estates and family members of any such partners and retired partners and any trusts for the benefit of any of the foregoing persons will be deemed to be a single "selling shareholder," and any pro-rata reduction with respect to such "selling shareholder" will be based upon the aggregate amount of shares carrying registration rights owned by all entities and individuals included in such "selling shareholder."
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other outstanding shares of common stock of the Company with registration rights (the “"Other Shares”") requested and entitled to be included in a demand registration contemplated by Section 2(a) cannot be so included as a result of limitations of on the aggregate number of shares of Registrable Securities and Other Shares that may be so included, or in case of an Underwriters' Cutback, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders SVI and Other Shareholders requesting inclusion of shares other selling stockholders pro rata on the basis of the number of shares of Registrable Securities and Other Shares held by SVI and such Holders and Other Shareholders; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder other selling stockholders. If SVI or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described this procedure, then the remaining portion of such his allocation shall be reallocated among SVI and those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by SVI and such Holders and Other Shareholders, assuming conversionother selling stockholders, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders SVI and Other Shareholders other selling stockholders have been so allocated. Provided, however, the Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include in that registration shares of stock issued to employees, officers, directors, or consultants pursuant to any Company stock option plan, and in such case all Registrable Securities covered by the registration shall be sold before any such other securities are sold.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other outstanding shares of Common Stock of the Company with registration rights (the “"Other Shares”") requested and entitled to be included in a demand registration contemplated by Section 2(a) cannot be so included as a result of limitations of on the aggregate number of shares of Registrable Securities and Other Shares that may be so included, or in case of an Underwriters' Cutback, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders holders of Registrable Securities and Other Shareholders requesting inclusion of shares other selling stockholders pro rata on the basis of the number of shares of Registrable Securities and Other Shares held by such Holders holders and Other Shareholders; provided, however, that such allocation shall not operate to reduce the aggregate number other selling stockholders. If any holder of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described this procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders holders of Registrable Securities and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders holders and Other Shareholders, assuming conversionother selling stockholders, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders holders of Registrable Securities and Other Shareholders other selling stockholders have been so allocated. Provided, however, the Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include in that registration shares of stock issued to employees, officers, directors, or consultants pursuant to any Company stock option plan, and in such case all Registrable Securities covered by the registration shall be sold before any such other securities are sold.
Appears in 1 contract
Samples: Preferred Stock Agreement (Universal Automotive Industries Inc /De/)
Allocation of Registration Opportunities. In any circumstance in ---------------------------------------- which all of the Registrable Securities and other shares of the Company with registration rights (the “Other Shares”) Shares requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the reduced pro rata amongst all Holders and Other Shareholders requesting inclusion of shares pro rata other selling stockholders on the basis of the number of shares of Registrable Securities and Other Shares held by to be included in such Holders and Other Shareholdersregistration, assuming conversion; provided, however, so that such allocation -------- ------- shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholders does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-above- described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholders, assuming conversionrequests, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. The Company shall not limit the number of Registrable Securities or Other Shares to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include other shares of stock issued to employees, officers, directors or consultants, or, with respect to registrations under Section 2.1 or 2.4 hereof, in order to include in such registration securities registered for the Company's own account.
Appears in 1 contract
Samples: Investor's Rights Agreement (Cypress Financial Services Inc)
Allocation of Registration Opportunities. In any circumstance in ---------------------------------------- which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling shareholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated first among the Holders and Other Shareholders then (in the event that all Holders can participate in the full amount of the Registrable Securities requested to be included) among other selling shareholders requesting inclusion of shares in each case pro rata on the basis of the number of shares of Registrable Securities and Other Shares Shares, as the case may be, that would be held by such Holders and Other Shareholders; other selling shareholders, as the case may be, assuming conversion, provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares Shares, as the case may be, to be included in such registration, if . If any Holder or Other Shareholder other selling shareholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-above described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling shareholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling shareholders have been so allocated. If, after all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and other selling shareholders have been so allocated, and additional shares may be included in such a registration, securities of the Company may be included in the registration to be sold for the account of the Company; provided, however, that the foregoing shall not in any way limit the right of the Company to sell shares for its own account in registrations initiated by the Company. Without limiting the foregoing provisions of this Section 1.14, the Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by shareholders with no registration rights or to include shares owned by Xxxxx Xxxxx, Xxxxxxxx Xxxxxxx or any other shares of stock issued to employees, officers, directors, or consultants pursuant to the Company's 1988, 1992, and 1997 Stock Option Plans.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares Common Stock of the Company with registration rights (the “Other "OTHER Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holder or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders Holder and Other Shareholders the other selling stockholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by the Holder and such Holders and Other Shareholders; provided, however, that such allocation shall not operate to reduce other selling stockholders. If the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder any other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder it pursuant to the above-described this procedure, then the remaining portion of such its allocation shall be reallocated among those requesting Holders holders of Registrable Securities and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders holders and Other Shareholders, assuming conversionother selling stockholders, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders Holder and Other Shareholders other selling stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include in that registration shares of stock issued to employees, officers, directors, or consultants pursuant to the Company's stock option plan.
Appears in 1 contract
Samples: Registration Rights Agreement (Smart Choice Automotive Group Inc)
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated first to the Holders, second to the Founders and then among the Holders and Other Shareholders other selling stockholders requesting inclusion of shares shares, in each case pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders Holders, Founders, and Other Shareholdersother selling stockholders, assuming conversion; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then and the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling stockholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include Founders' Shares or any other shares of stock issued to employees, officers, directors, or consultants pursuant to a Company Stock Option Plan, or with respect to registrations under Sections 1.3 or 1.5 hereof, in order to include in such registration securities registered for the Company's own account.
Appears in 1 contract
Samples: Registration Rights Agreement (Paradigm Genetics Inc)
Allocation of Registration Opportunities. In any circumstance in ---------------------------------------- which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling shareholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling shareholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling shareholders, assuming conversion; provided, however, so that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling shareholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling shareholders, assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling shareholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by shareholders with no registration rights or to include Founder's Stock or any other shares of stock issued to employees, officers, directors, or consultants pursuant to Company's 1995 Stock Plan, as amended.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of Common Stock of the Company (including shares of Common Stock issued or issuable upon conversion of shares of any currently unissued series of Preferred Stock of the Company) with registration rights (the “"Other Shares”") requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling shareholders cannot be so included as a result of limitations of on the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the Holders and Other Shareholders other selling shareholders requesting inclusion of shares pro rata on the basis of the number of shares of Registrable Securities and Other Shares that would be held by such Holders and Other Shareholdersother selling shareholders, assuming conversion into Common Stock; provided, however, that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if . If any Holder or Other Shareholder other selling shareholder does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling shareholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholdersother selling shareholders, assuming conversionconversion into Common Stock, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling shareholders have been so allocated. The Company shall not limit the number of Registrable Securities to be included in a registration pursuant to this Agreement in order to include shares held by shareholders with no registration rights or to include founder's stock or any other shares of stock issued to employees, officers, directors, or consultants, or with respect to registrations under Section 1.2 or 1.5 hereof, in order to include in such registration securities registered for the Company's own account.
Appears in 1 contract
Allocation of Registration Opportunities. In any circumstance in which all of the Registrable Securities and other shares of the Company with registration rights (the “Other Shares”) Shares requested to be included in a registration contemplated by Section 2(a) on behalf of the Holders or other selling stockholders cannot be so included as a result of limitations of the aggregate number of shares of Registrable Securities and Other Shares that may be so included, the number of shares of Registrable Securities and Other Shares that may be so included shall be allocated among the reduced pro rata amongst all Holders and Other Shareholders requesting inclusion of shares pro rata other selling stockholders on the basis of the number of shares of Registrable Securities and Other Shares held by to be included in such Holders and Other Shareholdersregistration, assuming conversion; provided, however, so that such allocation shall not operate to reduce the aggregate number of Registrable Securities and Other Shares to be included in such registration, if any Holder or Other Shareholder other selling stockholders does not request inclusion of the maximum number of shares of Registrable Securities and Other Shares allocated to such Holder or Other Shareholder him pursuant to the above-described procedure, then the remaining portion of such his allocation shall be reallocated among those requesting Holders and Other Shareholders other selling stockholders whose allocations did not satisfy their requests pro rata on the basis of the number of shares of Registrable Securities and Other Shares which would be held by such Holders and Other Shareholders, assuming conversionrequests, and this procedure shall be repeated until all of the shares of Registrable Securities and Other Shares which may be included in the registration on behalf of the Holders and Other Shareholders other selling stockholders have been so allocated. The Company shall not limit the number of Registrable Securities or Other Shares to be included in a registration pursuant to this Agreement in order to include shares held by stockholders with no registration rights or to include other shares of stock issued to employees, officers, directors or consultants, or, with respect to registrations under Section 2.1 or 2.4 hereof, in order to include in such registration securities registered for the Company's own account.
Appears in 1 contract
Samples: Investor's Rights Agreement (Friedman Billings Ramsey Group Inc)