Common use of Priority on Incidental Registrations Clause in Contracts

Priority on Incidental Registrations. If the managing underwriter for the offering contemplated by this Section 3.2 shall advise Company in writing that, in such underwriter’s opinion, the number of securities requested to be included in such Incidental Registration would adversely affect the offering and sale (including pricing) of such securities, Company shall include in such Incidental Registration the number of securities that Company is so advised can be sold in such offering, in the following amounts and order of priority: (i) first, securities proposed to be sold by Company for its own account; (ii) second, securities proposed to be sold for persons who triggered such Incidental Registration under a demand right; and