Duration of Registration Rights. As to any particular Registrable Securities, a Holder’s rights to have the Company register such Registrable Securities provided in this ARTICLE 4 shall terminate (i) when such securities have been registered under the Act and sold or otherwise disposed of in accordance with the intended method of distribution by the seller or sellers thereof set forth in the Registration Statement covering such Registrable Securities, (ii) when such securities have been transferred in compliance with Rule 144 under the Act or (iii) on the date as of which such securities have become eligible for sale pursuant to Rule 144 without volume or manner-of-sale restrictions and without the requirement for the Company to be in compliance with the current public information requirement under Rule 144(c)(1), as set forth in a written opinion of counsel to such effect, addressed, delivered and reasonably acceptable to the applicable transfer agent and the Holder(s) of such Registrable Securities, and, based upon such opinion, the legend referred to in Section 5.5(a) hereof, to the extent that such legend refers to registration under the Act, shall have been removed.
Duration of Registration Rights. The rights and obligations provided for in this Agreement (except for the indemnification and contribution obligations of Section 7) shall terminate with respect to a Holder on the earlier to occur of (i) the first date on which such Holder may sell any and all Registrable Securities owned by such Holder pursuant to Rule 144 under the Securities Act within any three (3) month period, other than as a result of the fact that the average weekly trading volume of the Common Stock on such date (as calculated for purposes of Rule 144(e)) is greater than or equal to the number of Registrable Securities held by such Holder and (ii) such time as such Holder no longer owns any Registrable Securities.
Duration of Registration Rights. (a) The Subscriber shall not be entitled to exercise any registration rights provided for in this Statement of Registration Rights Agreement including, but not limited to those rights detailed in Sections 3.4 and 3.5 of this Statement of Registration Rights, prior to six (6) months or after five (5) years following the execution of the Settlement Agreement.
Duration of Registration Rights. The Holder shall not be entitled to exercise any registration rights provided for in this Statement of Registration Rights, including but not limited to SECTIONS 1.2 and 1.3, after five (5) years following the First Closing. In addition, the right of the Holder to demand registration pursuant to SECTION 1.2 or inclusion in any registration pursuant to SECTION 1.3 shall terminate on the closing of the first Company-initiated registered public offering of common stock of the Company if all Registrable Securities held by the Holder may immediately be sold under Rule 144 during any 90-day period, or on such date after the closing of the first Company-initiated registered public offering of common stock of the Company as all shares of Registrable Securities held by the Holder may immediately be sold under Rule 144 during any 90-day period. These conditions shall be deemed not to be satisfied if the Company is in breach of SECTION 1.11 hereof.
Duration of Registration Rights. Each Stockholder shall have ------------------------------- unlimited piggyback registration rights set forth in Section 3.1(a) with respect to the Registrable Securities held by such Stockholder.
Duration of Registration Rights. The registration rights set forth in Sections 2 and 3 hereof shall not be exercisable by the Investors if and to the extent that the Investors are restricted from transferring or disposing of the Registrable Securities under Section 5.3 of the Purchase Agreement. Registrable Securities shall cease to be such when: (a) a registration statement with respect to the sale of such securities shall have become effective under the Securities Act of 1933, as amended (the "Securities Act"), and such securities shall have been disposed of in accordance with such registration statement; (b) such securities shall have been distributed pursuant to Rule 144 (or any successor provision to such Rule) under the Securities Act; or (c) such securities shall have ceased to be outstanding. 1.3 Permitted Transferees; Exercise of Rights. Any Investor (including without limitation (x) Banque Nationale de Paris, for itself and as agent for itself and for Xxxxxxx Xxxxx Senior Floating Rate Fund, Inc., Xxxxxxx Xxxxx Prime Rate Portfolio and Xxxxxxx Xxxxx Debt Strategies Portfolio, together with its successors and assigns (the "Sneaker Lenders"), (y) direct and indirect transferees of the Sneaker Lenders and (z) other permitted direct or indirect transferees of SGL under the Purchase Agreement) may transfer the registration rights granted hereunder by transferring all or a portion of the Registrable Securities (subject to and in accordance with the terms and conditions of the Purchase Agreement) and sending a written notice thereof to the Company. The written notice shall comply with Section 7.6 hereof, be signed by both the transferor Investor and the transferee and include an executed counterpart of this Agreement pursuant to which the transferee: (a) shall become a party to this Agreement, (b) shall be deemed to be an Investor for all purposes hereunder and (c) shall be bound by all the provisions hereof applicable to the Investors. Except as set forth herein, the Investors may jointly exercise the registration rights granted hereunder in such manner and in such proportion as they shall agree among themselves. Section 2.
Duration of Registration Rights. All registration rights granted under this Article 1 shall continue to be applicable with respect to any Holder until such Holder no longer holds any Registrable Securities. Notwithstanding anything to the contrary contained herein, (a) no Holder shall be entitled to any piggyback right or to participate as a Demand Eligible Holder under this Article 1 in the event of a Block Sale (including Block Sales off of a Shelf or an Automatic Shelf Registration Statement, or in connection with the registration of Registrable Securities under an Automatic Shelf Registration Statement for purposes of effectuating a Block Sale; provided, that, any registration with respect to a Block Sale shall not constitute a Demand Registration for purposes of determining the number of Demand Registrations effected by the Company under Section 1.2) except as set forth in the following clause (b), (b) no Holder, other than an Affiliated Holder, shall be permitted to request or participate in an underwritten offering (including an Underwritten Shelf Takedown) that is a Block Sale and (c) an Affiliated Holder effecting an underwritten offering (including an Underwritten Shelf Takedown) that is a Block Sale shall provide prompt notice (but in no event later than twenty-four hours prior to such Block Sale) to the Company and any other Affiliated Holder setting forth the proposed timeline for such offering to permit participation by such other Affiliated Holder in such offering, and such other Affiliated Holder shall be entitled to participate in such offering so long as such participation of such other Affiliated Holder does not materially delay the proposed timeline of such Block Sale specified in the notice.
Duration of Registration Rights. Purchaser's rights to have Company register shares of Registrable Securities (as defined below) provided in this Article 7 shall terminate upon the Restriction Termination Date (as defined below). Rights of a Holder other than Purchaser to have Company register shares of Registrable Securities provided in this Article 7 shall terminate upon the Restriction Termination Date. As used in this Article 7, "Registrable Securities" shall mean all Common Stock so long as certificates representing the same are required to bear the restrictive legend set forth in Section 4.1 hereof, to the extent that such legend refers to registration under the Act. As used in this Article 7, "Restriction Termination Date" shall mean, with respect to any Registrable Securities, the earliest of (i) the date that such Registrable Securities shall have been Registered and sold or otherwise disposed of in accordance with the intended method of distribution by the seller or sellers thereof set forth in the Registration Statement covering such Registrable Securities or transferred in compliance with Rule 144 under the Securities Act and (ii) the date that an opinion of counsel to Company, which opinion of counsel shall be reasonably acceptable to Purchaser, containing reasonable assumptions shall have been rendered and, based upon such opinion, the legend referred to in Section 4.1 hereof, to the extent that such legend refers to registration under the Act, shall have been removed.
Duration of Registration Rights. 37 14.5. Rule 144 Reporting.............................................37
Duration of Registration Rights. CSI shall not be obligated to register shares of CSI Stock held by the Principal Stockholder at any time after the expiration of any contractual restrictions under Section 13.4 on any shares of CSI Stock.
