Common use of Cancellation of Registration Clause in Contracts

Cancellation of Registration. A majority in interest of the participating Holders shall have the right to cancel a proposed Demand Registration of Registrable Securities pursuant to this Article 2 when the request for cancellation is based upon material adverse information relating to the Company that is different from the information known to the participating Holders at the time of the Demand Request. Such cancellation of a registration shall not be counted as one of the three (3) Demand Registrations and notwithstanding anything to the contrary in the Agreement, the Company shall be responsible for the expenses of the participating Holders incurred in connection with the registration through the date that is seven days after the time such information became known to the participating Holders, to the extent such expenses are as described in clauses (i) through (x) of the first sentence of Section 8 hereof.

Appears in 2 contracts

Samples: Registration Rights Agreement (GVI Holdings, Inc.), Registration Rights Agreement (American Commercial Lines Inc.)

AutoNDA by SimpleDocs

Cancellation of Registration. A majority in interest of the participating The Majority Participating Holders shall have the right to cancel a proposed Demand Registration of Registrable Securities pursuant to this Article 2 when the request for cancellation is based upon material adverse information relating to the Company that is different from the information known to the participating Holders at the time of the Demand Request. Such cancellation of a registration shall not be counted as one of the three (3) Demand Registrations and notwithstanding anything to the contrary in the Agreement, the Company shall be responsible for the expenses of the participating Holders incurred in connection with the registration through the date that is seven (7) days after the time such information became known to the participating Holders, to the extent such expenses are as described in clauses (i) through (x) of the first sentence of Section 8 hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Leap Wireless International Inc)

AutoNDA by SimpleDocs

Cancellation of Registration. A majority in interest of the participating Holders shall have the right to cancel a proposed Demand Registration of Registrable Securities pursuant to this Article 2 when the request for cancellation is based upon material adverse information relating to the Company that is different from the information known to the participating Holders at the time of the Demand Request. Such cancellation of a registration shall not be counted as one of the three (3) Demand Registrations and notwithstanding anything to the contrary in the Agreement, the Company shall be responsible for the expenses of the participating Holders incurred in connection with the registration through the date that is seven days after the time such information became known to the participating Holders, to the extent such expenses are as described in clauses (i) through (x) of the first sentence of Section 8 hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Leap Wireless International Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!