Common use of Notifications Regarding Registration Statements Clause in Contracts

Notifications Regarding Registration Statements. In order for a Blackstone Entity or a Co-Investor (after the expiration of the Coordination Period) to exercise its right to demand that a registration statement be filed, it must so notify the IPO Entity in writing indicating the number of Registrable Securities sought to be registered and the proposed plan of distribution. The IPO Entity will keep the Holders contemporaneously apprised of any registration or shelf takedown of Shares, with respect to which a piggyback right provided under this Agreement is available in order that they may have a reasonable opportunity to exercise their related piggyback rights. Without limiting the IPO Entity’s obligation as described in the preceding sentence, having a reasonable opportunity requires that the Holders be notified by the IPO Entity of an anticipated filing of a registration statement (whether pursuant to a demand made by a Blackstone Entity or a Co-Investor or at the IPO Entity’s own initiative) no later than 5:00 pm, New York City time, on the date that is ten Business Days prior to the date on which the registration statement is intended to be filed. Each Investor and the IPO Entity agrees to use its good faith efforts to provide advance notice as soon as reasonably practicable to the Investors of such first Investor’s or the IPO Entity’s intention to file or cause the filing of a registration statement; provided, however, that none of the Investors or the IPO Entity shall be obligated hereby to provide any such advance notice and, if provided, such advance notice shall not be binding in any respect.