Common use of Participation by the Company Clause in Contracts

Participation by the Company. The Company may include securities of the same class as the Registrable Securities for its own account in a Registration pursuant to this Article 2 in an amount up to 10% of the total shares to be Registered. The Company may include additional shares of such class in the Registration if (a) the Holders of at least a majority of the Registrable Securities actually included in the Registration consent to such inclusion or (b) the inclusion of such securities would not reduce the amount of Registrable Securities to be included in such Registration.

Appears in 2 contracts

Samples: Registration Rights Agreement (Gric Communications Inc), Registration Rights Agreement (Gric Communications Inc)

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Participation by the Company. The Company may include securities of the same class as the Registrable Securities for its own account in a Registration pursuant to this Article 2 4 in an amount up to 10% of the total shares to be Registered. The Company may include additional shares of such class in the Registration if (a) the Holders of at least a majority of the Registrable Securities actually included in the Registration consent to such inclusion or (b) the inclusion of such securities would not reduce the amount of Registrable Securities to be included in such Registration.

Appears in 2 contracts

Samples: Registration Rights Agreement (Gric Communications Inc), Registration Rights Agreement (Gric Communications Inc)

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