Common use of Sale Participation Rights Clause in Contracts

Sale Participation Rights. At any time following the expiration of the period ending 180-days after a Public Offering, the Employee Stockholder and its Permitted Transferees will have the right to sell all or any portion of the Stock held by such Employee Stockholder and its Permitted Transferees in any registered offering of WMC Common Stock initiated by WMC, Holding or Ripplewood. Such registration rights will be on customary terms and conditions (including, without limitation, customary cut back and lock-up provisions) established in good faith by WMC's or Holding's Board of Directors and Ripplewood and notified to the Employee Stockholder and the Other Employee Stockholders.

Sale Participation Rights. At any time following the expiration of the period ending 180-180 days after a Public Offering, the Employee Stockholder and its Permitted Transferees will have the right to sell all or any portion of the Stock held by such Employee Stockholder and its Permitted Transferees in any registered offering of WMC Common Stock initiated by WMC, Holding or Ripplewood. Such registration rights will be on customary terms and conditions (including, without limitation, customary cut back and lock-up provisions) established in good faith by WMC's or Holding's Board of Directors and Ripplewood and notified to the Employee Stockholder and the Other Employee Stockholders.