NOTICE AND REQUEST. If the Corporation at any time proposes to register any of its securities under the Securities Act (except registrations solely for registration of shares in connection with an employee benefit plan or a merger or consolidation), whether or not for sale for its own account, it will each such time give prompt written notice to PTFM of its intention to do so. Upon the written request of PTFM within 30 days after the receipt of any such notice (which request shall specify the Registrable Securities intended to be disposed of by PTFM, the Corporation will use its best efforts to effect the registration under the Securities Act of all Registrable Securities which the Corporation has been so requested to register by PTFM as part of the incidental registration, provided that if the Corporation shall determine for any reason not to register or to delay registration of such securities the Corporation may, at its election, give written notice of such determination to PTFM, and, thereupon, (i) in the case of a determination not to register, shall be relieved of its obligation to register any Registrable Securities in connection with such registration, without prejudice, however, to the rights of PTFM to request that such registration be effected as a registration under Section 2.1, and (ii) in the case of a determination to delay registering, shall be permitted to delay registering any Registrable Securities, for the same period as the delay in registering such other securities. No registration effected under this Section 2.2 shall relieve the Company of its obligation to effect any registration upon request under Section 2.1. The Registration Expenses of PTFM shall be paid by the Corporation.
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Samples: Registration Rights Agreement (Versus Technology Inc)
NOTICE AND REQUEST. If the Corporation at any time proposes to register any of its securities under the Securities Act (except registrations solely for registration of shares in connection with an employee benefit plan or a merger or consolidation), whether or not for sale for its own account, it will each such time give prompt written notice to PTFM the investors of its intention to do so. Upon the written request of PTFM any Investor within 30 days after the receipt of any such notice (which request shall specify the Registrable Securities intended to be disposed of by PTFMthe Investor, the Corporation will use its best efforts to effect the registration under the Securities Act of all Registrable Securities which the Corporation has been so requested to register by PTFM the Investor as part of the incidental registration, provided that if the Corporation shall determine for any reason not to register or to delay registration of such securities the Corporation may, at its election, give written notice of such determination to PTFMthe Investors, and, thereupon, (i) in the case of a determination not to register, shall be relieved of its obligation to register any Registrable Securities in connection with such registration, without prejudice, however, to the rights of PTFM the Investors to request that such registration be effected as a registration under Section 2.1, and (ii) in the case of a determination to delay registering, shall be permitted to delay registering any Registrable Securities, for the same period as the delay in registering such other securities. No registration effected under this Section 2.2 shall relieve the Company of its obligation to effect any registration upon request under Section 2.1. The Registration Expenses of PTFM the Investors shall be paid by the Corporation.
Appears in 1 contract
NOTICE AND REQUEST. If the Corporation at any time proposes to register any of its securities under the Securities Act (except registrations solely for registration of shares in connection with an employee benefit plan or a merger or consolidation), whether or not for sale for its own account, it will each such time give prompt written notice to PTFM the Lenders of its intention to do so. Upon the written request of PTFM any Lender within 30 days after the receipt of any such notice (which request shall specify the Registrable Securities intended to be disposed of by PTFMthe Lender, the Corporation will use its best efforts to effect the registration registra- tion under the Securities Act of all Registrable Securities which the Corporation has been so requested to register by PTFM the Lender as part of the incidental registration, provided that if the Corporation shall determine for any reason not to register or to delay registration of such securities the Corporation may, at its election, give written notice of such determination to PTFMthe Lenders, and, thereupon, (i) in the case of a determination not to register, shall be relieved of its obligation to register any 102 Registrable Securities in connection with such registration, without prejudice, however, to the rights of PTFM the Lenders to request that such registration be effected as a registration under Section 2.1, and (ii) in the case of a determination to delay registering, shall be permitted to delay registering any Registrable Securities, for the same period as the delay in registering such other securities. No registration effected under this Section 2.2 shall relieve the Company of its obligation to effect any registration upon request under Section 2.1. The Registration Expenses of PTFM the Lenders shall be paid by the Corporation.
Appears in 1 contract
Samples: Registration Rights Agreement (Versus Technology Inc)
NOTICE AND REQUEST. If the Corporation at any time proposes to register any of its securities under the Securities Act (except registrations solely for registration of shares in connection with an employee benefit plan or a merger or consolidation), whether or not for sale for its own account, it will each such time give prompt written notice to PTFM the Investors of its intention to do so. Upon the written request of PTFM any Investor within 30 days after the receipt of any such notice (which request shall specify the Registrable Securities intended to be disposed of by PTFMthe Investor, the Corporation will use its best efforts to effect the registration under the Securities Act of all Registrable Securities which the Corporation has been so requested to register by PTFM the Investor as part of the incidental registration, provided that if the Corporation shall determine for any reason not to register or to delay registration of such securities the Corporation may, at its election, give written notice of such determination to PTFMthe Investors, and, thereupon, (i) in the case of a determination not to register, shall be relieved of its obligation to register any Registrable Securities in connection with such registration, without prejudice, however, to the rights of PTFM the Investors to request that such registration be effected as a registration under Section 2.1, and (ii) in the case of a determination to delay registering, shall be permitted to delay registering any Registrable Securities, for the same period as the delay in registering such other securities. No registration effected under this Section 2.2 shall relieve the Company of its obligation to effect any registration upon request under Section 2.1. The Registration Expenses of PTFM shall be paid by the Corporation.effected
Appears in 1 contract
Samples: Registration Rights Agreement (Versus Technology Inc)
NOTICE AND REQUEST. If the Corporation at any time proposes to register any of its securities under the Securities Act (except registrations solely for registration of shares in connection with an employee benefit plan or a merger or consolidation), whether or not for sale for its own account, it will each such time give prompt written notice to PTFM the Investors of its intention to do so. Upon the written request of PTFM any Investor within 30 days after the receipt of any such notice (which request shall specify the Registrable Securities intended to be disposed of by PTFMthe Investor, the Corporation will use its best efforts to effect the registration registra- tion under the Securities Act of all Registrable Securities which the Corporation has been so requested to register by PTFM the Investor as part of the incidental registration, provided that if the Corporation shall determine for any reason not to register or to delay registration of such securities the Corporation may, at its election, give written notice of such determination to PTFMthe Investors, and, thereupon, (i) in the case of a determination not to register, shall be relieved of its obligation to register any 92 Registrable Securities in connection with such registration, without prejudice, however, to the rights of PTFM the Investors to request that such registration be effected as a registration under Section 2.1, and (ii) in the case of a determination to delay registering, shall be permitted to delay registering any Registrable Securities, for the same period as the delay in registering such other securities. No registration effected under this Section 2.2 shall relieve the Company of its obligation to effect any registration upon request under Section 2.1. The Registration Expenses of PTFM the Investors shall be paid by the Corporation.
Appears in 1 contract
Samples: Registration Rights Agreement (Versus Technology Inc)
NOTICE AND REQUEST. If the Corporation at any time proposes to register any of its securities under the Securities Act (except registrations solely for registration of shares in connection with an employee benefit plan or a merger or consolidation), whether or not for sale for its own account, it will each such time give prompt written notice to PTFM the investors of its intention to do so. Upon the written request of PTFM any Investor within 30 days after the receipt of any such notice (which request shall specify the Registrable Securities intended to be disposed of by PTFMthe Investor, the Corporation will use its best efforts to effect the registration under the Securities Act of all Registrable Securities which the Corporation has been so requested to register by PTFM the Investor as part of the incidental registration, provided that if the Corporation shall determine for any reason not to register or to delay registration of such securities the Corporation may, at its election, give written notice of such determination to PTFMthe Investors, and, thereupon, (i) in the case of a determination not to register, shall be relieved of its obligation to register any Registrable Securities in connection with such registration, without prejudice, however, to the rights of PTFM the Investors to request that such registration be effected as a registration under Section 2.1, and (ii) in the case of a determination to delay registering, shall be permitted to delay registering any Registrable Securities, for the same period as the delay in registering such other securities. No registration effected under this Section 2.2 shall relieve the Company of its obligation to effect any registration upon request under Section effect
2.1. The Registration Expenses of PTFM the Investors shall be paid by the Corporation.
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