Common use of REGISTRATION INITIATED BY THE COMPANY Clause in Contracts

REGISTRATION INITIATED BY THE COMPANY. If the Company at any time proposes to register an offering of its securities under the Securities Act other than registrations in connection with employee stock ownership plans, offerings of debt securities and shelf registrations made pursuant to Section 2(c), either for its own account or for the account of a security holder or holders, and the registration form to be used may be used for the registration of Registrable Shares, the Company will: (A) give written notice thereof to the Demand Shareholders and the Following Shareholders (which shall include a list of the jurisdictions in which the Company intends to attempt to qualify such securities under the applicable blue sky or other state securities laws) within 10 days of its receipt of a request from a security holder or holders to register securities or from its decision to effect a registration of securities for its own account; and (B) use its best efforts to include in such registration (and any related qualification under blue sky laws or other compliance), and in any underwriting involved therein, all the Registrable Shares specified in a written request by any Demand Shareholder or Following Shareholder made within 30 days after receipt of such written notice from the Company, except as set forth in Sections 2(b)(ii) and 2(b)(iii) below; PROVIDED, that if at any time after giving written notice to the Demand Shareholders and the Following Shareholders of its intention to register the Company securities under the Securities Act (x) the Company in good faith shall determine not to register such securities, the Company may, at its election, give written notice of such determination to the Demand Shareholders and the Following Shareholders and, thereupon, shall be relieved of its obligation to register such Registrable Shares pursuant to this Section 2(a) in connection with such registration, without prejudice, however, to any rights of either Demand Shareholder to request that such registration be effected as a registration under Section 2(a), or (y) the Company shall determine to delay the registration of such securities, the Company shall be permitted to delay the registration of such Registrable Shares for the same period as the delay in registering the securities to be registered by the Company for its own account or for others.

REGISTRATION INITIATED BY THE COMPANY. If the Company at any time proposes to register an offering of its securities under the Securities Act other than registrations in connection with employee stock ownership plans, offerings of debt securities and shelf registrations made pursuant to Section 2(c), either for its own account or for the account of a security holder or holders, and the registration form to be used may be used for the registration of Registrable Shares, the Company will: (A) give written notice thereof to the Demand Shareholders and the Following Shareholders (which shall include a list of the jurisdictions in which the Company intends to attempt to qualify such securities under the applicable blue sky or other state securities laws) within 10 days of its receipt of a request from a security holder or holders to register securities or from its decision to effect a registration of securities for its own account; and (B) use its best efforts to include in such registration (and any related qualification under blue sky laws or other compliance), and in any underwriting involved therein, all the Registrable Shares specified in a written request by any Demand Shareholder or Following Shareholder made within 30 days after receipt of such written notice from the Company, except as set forth in Sections 2(b)(ii) and 2(b)(iii) below; PROVIDEDprovided, that if at any time after giving written notice to the Demand Shareholders and the Following Shareholders of its intention to register the Company securities under the Securities Act (x) the Company in good faith shall determine not to register such securities, the Company may, at its election, give written notice of such determination to the Demand Shareholders and the Following Shareholders and, thereupon, shall be relieved of its obligation to register such Registrable Shares pursuant to this Section 2(a2(b) in connection with such registration, without prejudice, however, to any rights of either Demand Shareholder to request that such registration be effected as a registration under Section 2(a), or (y) the Company shall determine to delay the registration of such securities, the Company shall be permitted to delay the registration of such Registrable Shares for the same period as the delay in registering the securities to be registered by the Company for its own account or for others.

REGISTRATION INITIATED BY THE COMPANY. If the Company at any time proposes to register an offering of its securities under the Securities Act other than registrations in connection with employee stock ownership plans, offerings of debt securities and shelf registrations made pursuant to Section 2(c), either for its own account or for the account of a security holder or holders, and the registration form to be used may be used for the registration of Registrable Shares, the Company will: (A) give written notice thereof to the Demand Shareholders and the Following Shareholders (which shall include a list of the jurisdictions in which the Company intends to attempt to qualify such securities under the applicable blue sky or other state securities laws) within 10 days of its receipt of a request from a security holder or holders to register securities or from its decision to effect a registration of securities for its own account; and (B) use its best efforts to include in such registration (and any related qualification under blue sky laws or other compliance), and in any underwriting involved therein, all the Registrable Shares specified in a written request by any Demand Shareholder or Following Shareholder made within 30 days after receipt of such written notice from the Company, except as set forth in Sections 2(b)(ii) and 2(b)(iii) below; PROVIDED, that if at any time after giving written notice to the Demand Shareholders and the Following Shareholders of its intention to register the Company securities under the Securities Act (x) the Company in good faith shall determine not to register such securities, the Company may, at its election, give written notice of such determination to the Demand Shareholders and the Following Shareholders and, thereupon, shall be relieved of its obligation to register such Registrable Shares pursuant to this Section 2(a2(b) in connection with such registration, without prejudice, however, to any rights of either Demand Shareholder to request that such registration be effected as a registration under Section 2(a), or (y) the Company shall determine to delay the registration of such securities, the Company shall be permitted to delay the registration of such Registrable Shares for the same period as the delay in registering the securities to be registered by the Company for its own account or for others.