Common use of Continued Effectiveness; Renewal and Replacement Clause in Contracts

Continued Effectiveness; Renewal and Replacement. The Company shall use its reasonable best efforts to keep the Exchange Registration Statement continuously effective under the Securities Act and applicable state securities laws until the date as of which no Employee Holder holds Class C Common Stock or Virtu Financial Units. In addition, the Company shall promptly amend, renew or replace, as necessary, any Exchange Registration Statement that shall have expired or otherwise been deemed unusable and shall use its reasonable best efforts to keep such amended, renewed or replaced Exchange Registration Statement continuously effective under the Securities Act and applicable state securities laws until the date as of which no Employee Holder holds Class C Common Stock or Virtu Financial Units. For so long as an Exchange Registration Statement is effective and is usable under this Article III by the Employee Holders, no Management Vehicle or Transferee thereof shall have any registration rights under Article II. For the avoidance of doubt, this Article III shall not provide any Employee Holder the right to request an Underwritten Shelf Take-Down. Nothing in this Section 3.2 shall be deemed to waive any obligation of a Holder pursuant to Section 2.12 hereof.

Continued Effectiveness; Renewal and Replacement. The Company shall use its reasonable best efforts to keep the Exchange Registration Statement continuously effective under the Securities Act and applicable state securities laws until the date as of which no Employee Holder holds Class C Common Stock or Virtu Financial Units. In addition, the the (1) Note to Draft: Protections regarding release from underwriter lock-ups to be addressed in separate letter agreement. Company shall promptly amend, renew or replace, as necessary, any Exchange Registration Statement that shall have expired or otherwise been deemed unusable and shall use its reasonable best efforts to keep such amended, renewed or replaced Exchange Registration Statement continuously effective under the Securities Act and applicable state securities laws until the date as of which no Employee Holder holds Class C Common Stock or Virtu Financial Units. For so long as an Exchange Registration Statement is effective and is usable under this Article III by the Employee Holders, no Management Vehicle or Transferee thereof shall have any registration rights under Article II. For the avoidance of doubt, this Article III shall not provide any Employee Holder the right to request an Underwritten Shelf Take-Down. Nothing in this Section 3.2 shall be deemed to waive any obligation of a Holder pursuant to Section 2.12 hereof.