Common use of Opt-Out Process Clause in Contracts

Opt-Out Process. Any Shareholder may at any time by written notice to the Company opt out of receiving any notices of a Demand Registration, Piggyback Registration or other notice or communication under this ARTICLE III and after delivering such notice, any such Shareholder shall not have the right to request a Demand Registration or Piggyback Registration, and the Company shall not provide any notices of future Demand Registrations or Piggyback Registrations thereof; provided that such Shareholder shall still be subject to Section 3.4 (Transfer Restrictions) and any other obligations under this ARTICLE III. Any opted-out Shareholder may at any time provide written notice to the Company or the Company that it desires to cancel such opt-out at which time such Shareholder will have all the same rights and receive the same notices as any other Shareholder that has not opted out.

Opt-Out Process. Any Shareholder Holder may at any time by written notice to the Company opt out of receiving any notices of a Demand Registration, Piggyback Registration or other notice or communication under this ARTICLE III II and after delivering such notice, any such Shareholder Holder shall not have the right to request a Demand Registration or Piggyback Registration, and the Company shall not provide any notices of future Demand Registrations or Piggyback Registrations thereof; provided that such Shareholder Holder shall still be subject to Section 3.4 2.4 (Transfer Restrictions) and any other obligations under this ARTICLE IIIII. Any opted-out Shareholder Holder may at any time provide written notice to the Company or the Company that it desires to cancel such opt-out at which time such Shareholder Holder will have all the same rights and receive the same notices as any other Shareholder Holder that has not opted out.