Common use of Opting-Out Holder Clause in Contracts

Opting-Out Holder. By written notice delivered to the Company, any Holder (an “Opting-Out Holder”) may elect to waive its right to participate in Piggyback Registrations (“Registration Opt-Out”), until such time as such written notice is rescinded in writing. During such time as a Registration Opt-Out is in effect: (x) the Opting-Out Holder shall not receive notices of any proposed Piggyback Registration and (y) shall not be entitled to participate in any such Piggyback Registration pursuant to this Section 2.2.

Appears in 4 contracts

Samples: Registration and Shareholder Rights Agreement (Orion Biotech Opportunities Corp.), Registration and Shareholder Rights Agreement (Orion Biotech Opportunities Corp.), Registration and Shareholder Rights Agreement (MSD Acquisition Corp. / New)

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