Common use of Priority on Registrations Clause in Contracts

Priority on Registrations. Each Holder acknowledges and agrees that, in the case of an underwritten offering, its rights under this Section 2 will be subject to cutback provisions imposed by a managing underwriter under Section 2(d). If, as a result of the cutback provisions of the preceding sentence, a Holder is not entitled to include all of its requested Registrable Securities in such Registration, then such Holder may elect to withdraw its request to include any or all of its Registrable Securities in such Registration.

Priority on Registrations. Each Holder acknowledges and agrees that, in the case of an underwritten offering, that its rights under this Section 2 will shall be subject to cutback provisions imposed by a managing underwriter under Section 2(d). If, as a result of the cutback provisions of the preceding sentence, a Holder is not entitled to include all of its requested Registrable Securities Shares in such Registrationregistration, then such the Holder may elect to withdraw its request to include any or all of its Registrable Securities Shares in such Registrationregistration.