Common use of Registration of Options Clause in Contracts

Registration of Options. If the New Holdings Options issued pursuant to Sections 5.9(a), (b) and (c) are not already covered by an effective registration statement, New Holdings will file a registration statement as promptly as practicable after the Effective Time, which registration statement will cover the New Holdings Shares issuable upon exercise of the New Holdings Options granted in substitution of Trenwick Options, LaSalle Holdings Options and LaSalle Re Options, and New Holdings will use all commercially reasonable efforts to cause such registration statement to become effective under the Securities Act and to maintain such registration statement in effect until the exercise or termination of all such New Holdings Options.