Common use of Right to Terminate IPO Registration Clause in Contracts

Right to Terminate IPO Registration. The Company shall have the right to terminate or withdraw the IPO Registration Statement prior to the effectiveness of the IPO Registration Statement whether or not any Holder has elected to include Registrable Shares in the IPO Registration Statement; provided, however, the Company must provide each Holder that elected to include any Registrable Shares in the IPO Registration Statement prompt written notice of such termination or withdrawal. Furthermore, in addition to actions required of the Company pursuant to Section 2(b)(i), in the event the IPO Registration Statement is not declared effective within one hundred twenty (120) days following the initial filing of the IPO Registration Statement, unless a road show for the Underwritten Offering pursuant to the IPO Registration Statement is actually in progress at such time or such IPO Registration Statement has been terminated or withdrawn pursuant to this Section 2(b)(ii), the Company shall promptly provide a new written notice to all Holders giving them an additional opportunity to submit an Inclusion Notice and elect to include their Registrable Shares in the IPO Registration Statement as described above in clause (b)(i).

Right to Terminate IPO Registration. The Company shall have the right to terminate or withdraw the IPO Registration Statement initiated by it and referred to in this Section 2(b) prior to the effectiveness of the IPO Registration Statement whether or not any Holder has elected to include Registrable Shares in the IPO Registration Statement; provided, however, the Company must provide each Holder that elected to include any Registrable Shares in the IPO Registration Statement prompt written notice of such termination or withdrawal. Furthermore, in addition to actions required of the Company pursuant to Section 2(b)(i), in the event the IPO Registration Statement is not declared effective within one hundred twenty fifty (120150) days following the initial filing of the IPO Registration Statement, unless a road show for the Underwritten Offering pursuant to the IPO Registration Statement is actually in progress at such time or such IPO Registration Statement has been terminated or withdrawn pursuant to this Section 2(b)(ii2(b)(i), the Company shall promptly provide a new written notice to all Holders giving them an additional another opportunity to submit an Inclusion Notice and elect to include their Registrable Shares in the pending IPO Registration Statement Statement. Each Holder receiving such notice shall have the same election rights afforded such Holder as described above in this clause (b)(ib).

Right to Terminate IPO Registration. The Company shall have the right to postpone, terminate or withdraw the IPO Registration Statement initiated by it and referred to in this Section 2(b) prior to the effectiveness of the IPO Registration Statement such registration whether or not any Holder has elected to include Registrable Shares in the IPO Registration Statementsuch registration; provided, however, the Company must provide each Holder that elected to include any Registrable Shares in the such IPO Registration Statement prompt written notice of such postponement, termination or withdrawal. Furthermore, in addition to actions required of the Company pursuant to Section 2(b)(i), in the event the IPO Registration Statement is not declared effective within one hundred twenty (120) days following the initial filing of the IPO Registration Statement, unless a road show for the Underwritten Offering pursuant to the IPO Registration Statement is actually in progress at such time or such IPO Registration Statement has been postponed, terminated or withdrawn pursuant to this Section 2(b)(ii2(b)(i), the Company shall promptly provide a new written notice to all Holders giving them an additional another opportunity to submit an Inclusion Notice and elect to include their Registrable Shares in the pending IPO Registration Statement Statement. Each Holder receiving such notice shall have the same election rights afforded such Holder as described above in this clause (b)(ib).