Common use of Subsequent Registration Rights Clause in Contracts

Subsequent Registration Rights. The Company may grant registration rights to parties other than the Holders; provided, however, that in the event the Company shall grant any person registration rights containing terms more favorable than the terms granted herein, the more favorable terms shall automatically be deemed granted to the Holders and incorporated herein by reference. Prior to the date of this Agreement, the Company has not granted registration rights to any other person that are still in effect and that are on terms more favorable than the terms granted herein.