Ineffective Requested Registration Sample Clauses
Ineffective Requested Registration. The Company shall not be required to pay any Registration Expenses if the registration statement does not become effective as a result of the withdrawal of the request for registration by the Holder pursuant to Subsection 1.4(A), which withdrawal was not caused by the Company's failure to comply with applicable registration requirements and regulations. In such a case, the Holder shall bear such Registration Expenses and such registration shall not be counted as a registration pursuant to Subsection 1.4(A), or the Holder will not bear such expenses and such registration shall be counted as a registration pursuant to Subsection 1.4(A).
Ineffective Requested Registration. The Company shall not be required to pay any Registration Expenses if the registration statement does not become effective as a result of the withdrawal of a request for registration by the Initiating Holders pursuant to Subsection 1(d)(1), which withdrawal was not caused by the Company's failure to comply with applicable registration requirements and regulations, or by the Company's failure to disclose to Initiating Holders information about the existence of a Material Adverse Event (as that term is defined in the Purchase Agreement). In such case, the Initiating Holders shall bear such Registration Expenses pro rata on the basis of the number of shares of each Initiating Holder included in the registration request, and such registration shall not be counted as a registration pursuant to Subsection 1(d)(1), or the Initiating Holders will not bear such expenses and such registration shall be counted as a registration pursuant to Subsection 1(d)(1).