Common use of SEC Reductions Clause in Contracts

SEC Reductions. In the event the Company is required by the SEC to reduce the number of Registrable Securities being registered for resale on any Registration Statement filed with the SEC pursuant to Section 2(a), 2(b) or 2(c) hereof, then unless otherwise required by the SEC or agreed to by the Participating Investors, the number of Registrable Securities included in such Registration shall be allocated among all the Participating Investors on a pro rata basis based on the number of Registrable Securities held by each Participating Investor. The Company shall notify the Investors in the event of any such reduction.

SEC Reductions. In the event the Company is required by the SEC Commission to reduce the number of Registrable Securities Shares being registered for resale on any the Registration Statement filed with the SEC Commission pursuant to Section 2(a), 2(b) or 2(c) hereofthis Agreement, then unless otherwise required by the SEC Commission or agreed to by among the Participating InvestorsHolders, the number of Registrable Securities Shares included in such the Registration Statement shall be allocated among all the Participating Investors Holders on a pro rata basis based on the number of Registrable Securities held Shares included in the Registration Statement by each Participating InvestorHolder unless the Holders agree to a different method of allocation. The Company shall notify the Investors Holders in the event of any such reduction.