Common use of Plan of Distribution, Underwriters and Counsel Clause in Contracts

Plan of Distribution, Underwriters and Counsel. If (i) a majority of the Shares proposed to be sold in an underwritten offering through a non-shelf registration statement or through a shelf takedown are being sold by the Company for its own account and (ii) such offering was initiated by the Company and not by the ORCP Stockholders, the Company will be entitled to determine the plan of distribution and select the managing underwriters for such offering. If such offering was initiated pursuant to the exercise of demand rights by the ORCP Stockholders, the ORCP Stockholders will be entitled to determine the plan of distribution and select the managing underwriters, and the ORCP Stockholders will also be entitled to select counsel for the selling Sponsor Stockholders (which may be the same as counsel for the Company) and determine the price, underwriting discount and other financial terms of the offering. Otherwise, the Sponsor Stockholders holding a majority of the Shares requested to be included in such offering will be entitled to determine the plan of distribution and select the managing underwriters, and such majority will also be entitled to select counsel for the selling Sponsor Stockholders (which may be the same as counsel for the Company) and determine the price, underwriting discount and other financial terms of the offering. In the case of a shelf registration statement, the plan of distribution will provide as much flexibility as is reasonably possible, including with respect to resales by transferee Sponsor Stockholders. Notwithstanding anything herein to the contrary, no Sponsor Stockholder may participate in any offering hereunder unless such Sponsor Stockholder (i) agrees to sell such Sponsor Stockholder’s Shares on the same terms and conditions provided in any customary underwriting arrangements reasonably approved by the persons entitled hereunder to approve such arrangement pursuant to this Section 3.2(d) and (ii) completes and executes in a timely manner all questionnaires, powers of attorney, indemnities, custody agreements, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements; provided, that all Persons participating in such registration are required to complete and execute, on the same terms and conditions, such questionnaires, powers of attorney, indemnities, custody agreements, underwriting agreements and other documents.

Plan of Distribution, Underwriters and Counsel. If (iA) a majority of the Shares proposed to be sold in an underwritten offering through a non-shelf registration statement or through a shelf takedown are being sold by the Company Parent for its own account and (iiB) such offering was initiated by the Company Parent and not pursuant to the exercise of demand rights by the ORCP Stockholdersa Demand Holder, the Company Parent will be entitled to determine the plan of distribution and select the managing underwriters for such offering. If such offering was initiated pursuant to the exercise of demand rights by the ORCP Stockholdersa Demand Holder, the ORCP Stockholders such participating Demand Holder(s) will be entitled to determine the plan of distribution and select the managing underwriters, and the ORCP Stockholders such participating Demand Holder(s) will also be entitled to select counsel for the selling Sponsor Stockholders (which may be the same as counsel for the CompanyParent) and determine the price, underwriting discount and other financial terms of the offering. Otherwise, the Sponsor selling Stockholders holding a majority of the Shares requested to be included in such offering will be entitled to determine the plan of distribution and select the managing underwriters, and such majority will also be entitled to select counsel for the selling Sponsor Stockholders (which may be the same as counsel for the CompanyParent) and determine the price, underwriting discount and other financial terms of the offering. In the case of a shelf registration statement, the plan of distribution will provide as much flexibility as is reasonably possible, including with respect to resales by transferee Sponsor Stockholders. Notwithstanding anything herein to the contrary, no Sponsor Stockholder may participate in any offering hereunder unless such Sponsor Stockholder (iA) agrees to sell such Sponsor Stockholder’s Shares on the same terms and conditions provided in any customary underwriting arrangements reasonably approved by the persons entitled hereunder to approve such arrangement pursuant to this Section 3.2(d3(b)(iv) and (iiB) accurately completes and executes in a timely manner all questionnaires, powers of attorney, indemnities, custody agreements, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements; provided, provided that all Persons persons participating in such registration are required to complete and execute, on the same terms and conditions, such questionnaires, powers of attorney, indemnities, custody agreements, underwriting agreements and other documents.

Plan of Distribution, Underwriters and Counsel. If (ia) The determination of whether any offering of Shares pursuant to a majority Demand Registration or a Shelf Registration will be an Underwritten Public Offering shall be made in the sole discretion of the Shares proposed to be sold in an underwritten offering through a non-shelf registration statement Majority Stockholders making the applicable Demand Registration Request or through a shelf takedown are being sold by Shelf Takedown Request, as the Company for its own account and (ii) such offering was initiated by the Company and not by the ORCP Stockholders, the Company will be entitled to determine the plan of distribution and select the managing underwriters for such offering. If such offering was initiated pursuant to the exercise of demand rights by the ORCP Stockholders, the ORCP Stockholders will be entitled to determine the plan of distribution and select the managing underwriterscase may be, and the ORCP Stockholders will also managing underwriter or underwriters to administer such Underwritten Public Offering shall be entitled determined by such Majority Stockholders, subject to select counsel for the selling Sponsor Stockholders (which may be the same as counsel for the Company’s approval (not to be unreasonably withheld, conditioned or delayed). Except as set forth in Section 3.2(e)(ii) and determine the price, underwriting discount and other financial terms of the offering. Otherwisewith respect to an Underwritten Shelf Takedown, the Sponsor Stockholders holding a majority of the Shares requested to be of all Stockholders included in such offering will be entitled Underwritten Public Offering shall have the right to (i) determine the plan of distribution distribution, including the price at which Shares are to be sold and select the managing underwritersunderwriting commissions, discounts and fees, and such majority will also be entitled (ii) select one firm of legal counsel (along with any reasonably necessary local counsel) to select counsel for represent the selling Sponsor Stockholders (which may be the same as counsel for the Company) and determine the price, underwriting discount and other financial terms of the offeringStockholders. In the case of a shelf registration statementShelf Registration, the plan of distribution will provide as much flexibility as is reasonably possible, including with respect to resales by transferee Sponsor Stockholders. Notwithstanding anything herein . (b) If a majority of the securities proposed to the contrary, no Sponsor Stockholder may participate be sold in any offering hereunder unless such Sponsor Stockholder (i) agrees an Underwritten Public Offering pursuant to sell such Sponsor Stockholder’s Shares on the same terms and conditions provided in any customary underwriting arrangements reasonably approved a Piggyback Registration are being sold by the persons Company of its own account, then the Company shall be entitled hereunder to approve determine the plan of distribution and select the managing underwriter or underwriters for such arrangement pursuant Underwritten Public Offering. Otherwise, the Stockholders holding a majority of the Shares requested to this Section 3.2(d) and (ii) completes and executes in a timely manner all questionnaires, powers of attorney, indemnities, custody agreements, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements; provided, that all Persons participating be included in such registration are required Underwritten Public Offering shall be entitled to complete determine the plan of distribution and executeselect the managing underwriter or underwriters, on and such majority shall also be entitled to select one firm of legal counsel (along with any reasonably necessary local counsel) to represent the same terms and conditions, such questionnaires, powers of attorney, indemnities, custody agreements, underwriting agreements and other documentsselling Stockholders.