Common use of Priority on Demand Registrations and Shelf Offerings Clause in Contracts

Priority on Demand Registrations and Shelf Offerings. The Registrant will not include in any Demand Registration any securities which are not Registrable Securities without the prior written consent of Centerbridge unless all Registrable Securities requested to be included by Centerbridge in such Demand Registration are included therein. If a Demand Registration or a Shelf Offering is an underwritten offering and the managing underwriters advise the Registrant in writing that in their opinion the number of Registrable Securities and (if permitted hereunder) other securities requested to be included in such offering exceeds the number of Registrable Securities and other securities (if any), which can be sold therein without adversely affecting the marketability, proposed offering price, timing or method of distribution of the offering, then the Registrant will include in such offering (prior to the inclusion of any securities which are not Registrable Securities) the number of Registrable Securities requested to be included by Centerbridge.

Appears in 4 contracts

Samples: Preferred Stock Purchase Agreement (TypTap Insurance Group, Inc.), Shareholders Agreement (TypTap Insurance Group, Inc.), Shareholders Agreement (HCI Group, Inc.)

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