Common use of Demand Registration Withdrawal Clause in Contracts

Demand Registration Withdrawal. If a majority-in-interest of the Demanding Holders disapprove of the terms of any underwritten offering or are not entitled to include all of their Registrable Securities in any underwritten offering, such majority-in-interest of the Demanding Holders may elect to withdraw from such Registration by giving written notice to the Company and the Underwriter or Underwriters of their request to withdraw prior to the effectiveness of the Registration Statement filed with the Commission with respect to such Demand Registration (or in the case of an underwritten Registration pursuant to Rule 415 under the Securities Act, at least two business days prior to the time of pricing of the applicable offering). Notwithstanding anything to the contrary in this Agreement, (i) the Company may effect any underwritten registration pursuant to any then effective Registration Statement, including a Form S-3, that is then available for such offering and (ii) the Company shall be responsible for the Registration expenses incurred in connection with a Registration pursuant to a Demand Registration prior to its withdrawal under this subsection 2.1.5. If the majority-in-interest of the Demanding Holders withdraws from a proposed underwritten offering relating to a Demand Registration, then such Registration shall not count as a Demand Registration provided for in this Section 2.1.

Appears in 6 contracts

Samples: Private Placement Warrants Purchase Agreement (Avalon Acquisition Inc.), Registration Rights Agreement (Avalon Acquisition Inc.), Registration Rights Agreement (Avalon Acquisition Inc.)

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Demand Registration Withdrawal. If A Holder shall have the right to withdraw from a majority-in-interest Registration pursuant to such Demand Registration for any or no reason whatsoever upon written notification to the Company of the Demanding Holders disapprove of the terms of any underwritten offering or are not entitled to include all of their Registrable Securities in any underwritten offering, such majority-in-interest of the Demanding Holders may elect Holder’s intention to withdraw from such Registration by giving written notice to the Company and the Underwriter or Underwriters of their request to withdraw prior to the effectiveness of the Registration Statement filed with the Commission with respect to the Registration of its Registrable Securities pursuant to such Demand Registration. Upon receipt of notices from all applicable Holders to such effect, or if such withdrawal shall reduce the Aggregate Offering Price for the offering of the Registrable Securities to be registered in connection with such Demand Registration (or in below the case of an underwritten Registration pursuant Minimum Amount, the Company shall cease all efforts to Rule 415 under the Securities Act, at least two business days prior to the time of pricing seek effectiveness of the applicable offering). Notwithstanding anything to the contrary in this Agreement, (i) the Company may effect any underwritten registration pursuant to any then effective Registration Statement, including a Form S-3, that is then available for such offering and (ii) unless the Company intends to effect a primary offering of securities pursuant to such Registration Statement. In the event that all applicable Holders withdraw their Registrable Securities from a Demand Registration, the Demand Registration request shall not count against the limitation on the number of Demand Registrations set forth in subsection 2.2.1. In such event (unless the withdrawal is made following commencement of a suspension period under Section 3.4), the Holder(s) shall be responsible for the Registration expenses Expenses incurred in connection with a Registration pursuant to a Demand Registration prior to its withdrawal under this subsection 2.1.5. If the majority-in-interest of the Demanding Holders withdraws from a proposed underwritten offering relating to a Demand Registration, then such Registration shall not count as a Demand Registration provided for in this Section 2.12.2.5.

Appears in 4 contracts

Samples: Registration Rights Agreement, Registration Rights Agreement (Hinkle Jeffrey S.), Registration Rights Agreement (GWG Holdings, Inc.)

Demand Registration Withdrawal. If a A majority-in-interest of the Demanding Demand Requesting Holders disapprove of (if any) shall have the terms of right to withdraw from a Registration pursuant to such Demand Registration for any underwritten offering or are not entitled no reason whatsoever upon written notification to include all the Company and the Underwriter(s) (if any) of their Registrable Securities in any underwritten offering, such majority-in-interest of the Demanding Holders may elect intention to withdraw from such Registration by giving written notice to the Company and the Underwriter or Underwriters of their request to withdraw prior to the effectiveness of the Registration Statement filed with the Commission with respect to the Registration of their Registrable Securities pursuant to such Demand Registration (or or, in the case of an underwritten Underwritten Registration pursuant to Rule 415 under the Securities Act, at least two business days (2) Business Days prior to the time of pricing of the applicable offering). If a Demanding Holder initiating a Demand Registration withdraws from a proposed offering pursuant to this subsection 2.1.5, then such registration shall not count as a Demand Registration provided for in Section 2.1. Notwithstanding anything to the contrary in this Agreement, (i) the Company may effect any underwritten registration Underwritten Registration pursuant to any then effective Registration Statement, including a Form S-3F-3, that is then available for such offering offering, and (ii) the Company shall be responsible for the Registration expenses Expenses incurred in connection with a Registration pursuant to a Demand Registration prior to its withdrawal under this subsection 2.1.5. If the majority-in-interest of the Demanding Holders withdraws from a proposed underwritten offering relating to a Demand Registration, then such Registration shall not count as a Demand Registration provided for in this Section 2.1.

Appears in 1 contract

Samples: Investor Rights Agreement (Armada Acquisition Corp. I)

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Demand Registration Withdrawal. If A Demanding Holder or a Requesting Holder shall have the right to withdraw all or any portion of its Registrable Securities included in a Demand Registration for any or no reason whatsoever upon written notification to the Company and the Underwriter or Underwriters (if any) of its intention to so withdraw at any time prior to (x) in the case of a Demand Registration not involving any Underwritten Offering, the effectiveness of the applicable Registration Statement or (y) in the case of any Demand Registration involving an Underwritten Offering, prior to the pricing of such Underwritten Offering; provided, however, that upon withdrawal by a majority-in-interest of the Demanding Holders disapprove of the terms of any underwritten offering or are not entitled to include all of their Registrable Securities in any underwritten offeringinitiating a Demand Registration, such majority-in-interest of the Demanding Holders may elect to withdraw from such Registration by giving written notice to the Company and the Underwriter or Underwriters of their request shall cease all efforts to withdraw prior to the secure effectiveness of the applicable Registration Statement filed with or complete the Commission with respect to such Demand Registration (or in the case of an underwritten Registration pursuant to Rule 415 under the Securities ActUnderwritten Offering, at least two business days prior to the time of pricing of the applicable offering)as applicable. Notwithstanding anything to the contrary in this Agreement, (i) the Company may effect any underwritten registration pursuant to any then effective Registration Statement, including a Form S-3, that is then available for such offering and (ii) the Company shall be responsible for the Registration expenses Expenses incurred in connection with a Registration pursuant to a Demand Registration prior to its withdrawal under this subsection 2.1.5. If the majority-in-interest of the Demanding Holders withdraws from a proposed underwritten offering relating to a Demand Registration, then such Registration shall not count as a Demand Registration provided for in this Section 2.1.

Appears in 1 contract

Samples: Registration Rights Agreement (Kayne Anderson Acquisition Corp)

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