Common use of Expiration of Registration Rights Clause in Contracts

Expiration of Registration Rights. The registration rights granted pursuant to this ARTICLE V shall expire for any Registrable Securities held by a Purchaser or its assigns which may be sold pursuant to Rule 144, provided that the amount of such Registrable Securities can be sold under Rule 144 within a three-month period without limitation as to the number of Registrable Securities held by the Purchaser or its assign pursuant to paragraph (e) of Rule 144. Upon the expiration of the registration rights pertaining to any shares of Registrable Securities, the Company shall have no further obligation to include such shares of Registrable Securities in any registration statement filed by the Company.

Expiration of Registration Rights. The registration rights granted pursuant to this ARTICLE V shall expire for any Registrable Securities held by a Purchaser or its assigns which may be sold pursuant to Rule 144, provided that the amount of such Registrable Securities can be sold under Rule 144 within a three-month period without limitation as to the number of Registrable Securities held by the Purchaser or its assign pursuant to paragraph (e) of Rule 144. Upon the expiration of the registration rights pertaining to any shares of Registrable Securities, the Company shall have no further obligation to include such shares of Registrable Securities in any registration statement filed by the Company.