Common use of Grant of Additional Registration Rights Clause in Contracts

Grant of Additional Registration Rights. Except for the registration rights granted to Eligible Holders pursuant to this Article 3 or Article 3 of governing agreements in substantially the form of this Agreement, the Parent shall not grant any registration rights with respect to Shares to any other Person without the prior written consent of Eligible Holders (calculated as of the time of such grant) holding 66 2/3% or more of the Registrable Securities held by all Eligible Holders (calculated as of the time of such grant) unless such registration rights so granted do not materially adversely affect the rights of the Eligible Holders under this Agreement with respect to their priority in any Public Offering. Section 3.12

Appears in 2 contracts

Samples: www.sec.gov, sec.report

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Grant of Additional Registration Rights. Except for the registration rights granted to Eligible Holders pursuant to this Article 3 or Article 3 of governing agreements in substantially the form of this Agreement, the Parent shall not grant any registration rights with respect to Shares to any other Person without the prior written consent of Eligible Holders (calculated as of the time of such grant) holding 66 2/3% or more of the Registrable Securities held by all Eligible Holders (calculated as of the time of such grant) unless such registration rights so granted do not materially adversely affect the rights of the Eligible Holders under this Agreement with respect to their priority in any Public Offering. Section 3.12.

Appears in 2 contracts

Samples: Governance Agreement (Ocean Rig UDW Inc.), Governance Agreement

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