Common use of Expiration of Registration Rights Clause in Contracts

Expiration of Registration Rights. The obligations of the Company under Section 2 of this Agreement to register the Registrable Securities shall expire and terminate at the earlier of (a) three years following the Closing or (b) such time as the Holder shall be entitled or eligible to sell all such securities without restriction and without a need for the filing of a registration statement under the Securities Act, including without limitation, for any resales of restricted securities made pursuant to Rule 144(k) as promulgated by the Securities and Exchange Commission. The determination as to whether the Holder is entitled or eligible to sell all Registrable Securities without the need for registration under the Securities Act shall be based on a written opinion of counsel that registration of the Registrable Securities is not required under the Securities Act, sufficient to permit the transfer agent to transfer such securities upon a sale by the Holder. The obligations of the Company under Section 3 of this Agreement shall expire at the time specified in Section 3.2(d)(ii).

Appears in 2 contracts

Samples: Investor Rights Agreement (Avid Technology Inc), Rights Agreement (Intel Corp)

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Expiration of Registration Rights. The obligations of the Company under Section 2 of this Agreement to register the Registrable Securities shall expire and terminate at the earlier of (a) three (3) years following the Closing or (b) such time as the Holder shall be entitled or eligible to sell sell, within any ninety (90) day period, all such securities without restriction and without a need for the filing of a registration statement under the Securities Act, including without limitation, for any resales of restricted securities made pursuant to Rule 144(k) as promulgated by the Securities and Exchange Commission. The determination as to whether the Holder is entitled or eligible to sell all Registrable Securities without the need for registration under the Securities Act shall be based on a written opinion of counsel that registration of the Registrable Securities is not required under the Securities Act, sufficient to permit the transfer agent to transfer such securities upon a sale by the Holder. The obligations of the Company under Section 3 of this Agreement shall expire at the time specified in Section 3.2(d)(ii).

Appears in 1 contract

Samples: Investor Rights Agreement (Discreet Logic Inc)

Expiration of Registration Rights. The obligations of the Company under Section 2 of this Agreement to register the Registrable Securities shall expire and terminate at the earlier of (a) three two (2) years following the Closing or (b) such time as the Holder shall be entitled or eligible to sell sell, within any ninety (90) day period, all such securities without restriction and without a need for the filing of a registration statement under the Securities 1933 Act, including without limitation, for any resales of restricted securities made pursuant to Rule 144(k) as promulgated by the Securities and Exchange Commission. The determination as to whether the Holder is entitled or eligible to sell all Registrable Securities without the need for registration under the Securities 1933 Act shall be based on a written opinion of counsel that registration of the Registrable Securities is not required under the Securities 1933 Act, sufficient to permit the transfer agent to transfer such securities upon a sale by the Holder. The obligations of the Company under Section 3 of this Agreement shall expire at the time specified in Section 3.2(d)(ii).

Appears in 1 contract

Samples: Investor Rights Agreement (Number Nine Visual Technology Corp)

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Expiration of Registration Rights. The obligations of the Company under Section 2 of this Agreement to register the Registrable Securities shall expire and terminate at the earlier of (a) three two (2) years following the Closing or (b) such time as the Holder shall be entitled or eligible to sell sell, within any ninety (90) day period, all such securities without restriction and without a need for the filing of a registration statement under the Securities 1933 Act, including without limitation, for any resales of restricted securities made pursuant to Rule 144(k) as promulgated by the Securities and Exchange Commission. The determination as to whether the Holder is entitled or eligible to sell all Registrable Securities without the need for registration under the Securities 1933 Act shall be based on a written opinion of counsel that registration of the Registrable Securities is not required under the Securities 1933 Act, sufficient to permit the transfer agent to transfer such securities upon a sale by the Holder. The 7 - 7 - obligations of the Company under Section 3 of this Agreement shall expire at the time specified in Section 3.2(d)(ii).

Appears in 1 contract

Samples: Rights Agreement (Silicon Graphics Inc /Ca/)

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