Common use of Maintenance of Priority Clause in Contracts

Maintenance of Priority. Until such time as the Company has registered the Registrable Securities, so long as there are Registrable Securities hereunder, the Company shall not grant to any person piggy-back rights superior to the rights of the Holders of Registrable Securities hereunder.

Appears in 5 contracts

Samples: Converted Organics Inc., SMG Indium Resources Ltd., SMG Indium Resources Ltd.

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Maintenance of Priority. Until such time as the Company has registered the Registrable Securities, so So long as there are Registrable Securities hereunder, the Company shall not grant to any person piggy-back rights superior to or on parity with the rights of the Holders of Registrable Securities hereunder; provided, however, that the piggy-back rights granted pursuant to the Registration Rights Agreement may be on parity with (but not superior to) the piggy-back rights granted to the Holders of Registrable Securities hereunder.

Appears in 3 contracts

Samples: Advanced Technology Acquisition Corp., Advanced Technology Acquisition Corp., Advanced Technology Acquisition Corp.

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Maintenance of Priority. Until such time as the Company has registered the Registrable Securities, so So long as there are Registrable Securities hereunder, the Company shall not grant to any person piggy-back rights superior to or on parity with the rights of the Holders holders of Registrable Securities hereunderhereunder other than the rights granted to the holders of the purchase option pursuant the Unit Purchase Option dated as of , 2008 by the Company in favor of Lazard Capital Markets LLC as initial holder.

Appears in 1 contract

Samples: Registration Rights Agreement (China Mining Resources Holdings LTD)

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