Common use of Volume Limit Clause in Contracts

Volume Limit. For purposes of this Agreement, so long as 144 Coordination is effective, Transfers contemplated by Sections 4.1.2(a) and (b), and LP Distributions, will be limited to the number of Shares that the applicable Registration Rights Stockholder would have been permitted to Transfer under Rule 144 pursuant to the proviso in Section 4.1.1(a) or 4.1.1(b), as applicable, and will reduce for purposes of this Agreement, on a Share for Share basis, the number of Shares that such Registration Rights Stockholder is permitted to sell under Rule 144, whether individually or as part of a Related Group, whether or not such Transfer or LP Distribution is required by law to be so treated. In the event that, while 144 Coordination is in effect, any Registration Rights Stockholder elects to make a Transfer contemplated by Section 4.1.2(a) or (b), or an LP Distribution, and provided that such Transfer or LP Distribution is not required by law to be taken into account for purposes of the Related Group’s volume limit under Rule 144, then each Registration Rights Stockholder’s (including the Registration Rights Stockholder making such Transfer or LP Distribution) pro rata share of the Related Group’s volume limit for purposes of Section 4.1.2(a) shall be increased by such Registration Rights Stockholder’s pro rata share of the Shares that such Registration Rights Stockholder is no longer permitted to sell under Rule 144 pursuant to the first sentence of this Section 4.3.

Appears in 3 contracts

Samples: Participation, Registration Rights and Coordination Agreement (Sungard Capital Corp), Participation, Registration Rights and Coordination Agreement (Sungard Capital Corp Ii), Participation, Registration Rights and Coordination Agreement (Sungard Data Systems Inc)

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Volume Limit. For purposes of this Agreement, so long as 144 Coordination is effective, Transfers contemplated by Sections 4.1.2(aSection 9(d)(i) and (bii), and LP Distributions, will be limited to the number of Shares Registrable Securities that the applicable Registration Rights Stockholder holder of Registrable Securities would have been permitted to Transfer under Rule 144 pursuant to the proviso in Section 4.1.1(a) or 4.1.1(b9(c)(i), as applicable, and will reduce for purposes of this Agreement, on a Share Registrable Security for Share Registrable Security basis, the number of Shares Registrable Securities that such Registration Rights Stockholder holder of Registrable Securities is permitted to sell under Rule 144, whether individually or as part of a Related Group, whether or not such Transfer or LP Distribution is required by law to be so treated. In the event that, while 144 Coordination is in effect, any Registration Rights Stockholder holder of Registrable Securities elects to make a Transfer contemplated by Section 4.1.2(a) or (b9(c)(i), or an LP Distribution, and provided that such Transfer or LP Distribution is not required by law to be taken into account for purposes of the Related Group’s volume limit under Rule 144, then each Registration Rights Stockholder’s holder of Registrable Securities’ (including the Registration Rights Stockholder holder of Registrable Securities making such Transfer or LP Distribution) pro rata share of the Related Group’s volume limit for purposes of Section 4.1.2(a9(d)(i) shall be increased by such Registration Rights Stockholder’s holder of Registrable Securities’ pro rata share of the Shares Registrable Securities that such Registration Rights Stockholder holder of Registrable Securities is no longer permitted to sell under Rule 144 pursuant to the first sentence of this Section 4.39(f).

Appears in 3 contracts

Samples: Registration Rights Agreement (Freescale Semiconductor Holdings I, Ltd.), Registration Rights Agreement (Freescale Semiconductor Holdings I, Ltd.), Registration Rights Agreement (Freescale Semiconductor Inc)

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Volume Limit. For purposes of this Agreement, so long as 144 Sale Coordination is effective, Transfers contemplated by Sections 4.1.2(a) and (b)4.1.2, and LP Distributions, will be limited to the number of Shares that the applicable Registration Rights Stockholder Holder would have been permitted to Transfer under Rule 144 pursuant to the proviso in Section 4.1.1(a) or 4.1.1(b), as applicable, and will reduce for purposes of this Agreement, on a Share for Share basis, the number of Shares that such Registration Rights Stockholder Holder is permitted to sell under Rule 144, whether individually or as part of a Related Group, whether or not such Transfer or LP Distribution is required by law applicable Law to be so treated. In the event that, while 144 Sale Coordination is in effect, any Registration Rights Stockholder Holder elects to make a Transfer contemplated by Section 4.1.2(a) or (b)4.1.2, or or, an LP Distribution, and provided that such Transfer or LP Distribution is not required by law applicable Law to be taken into account for purposes of the Related Group’s volume limit under Rule 144, then each Registration Rights StockholderHolder’s (including the Registration Rights Stockholder Holder making such Transfer or LP Distribution) pro rata share of the Related Group’s volume limit for purposes of Section 4.1.2(a) shall be increased by such Registration Rights StockholderHolder’s pro rata share of the Shares that such Registration Rights Stockholder Holder is no longer permitted to sell under Rule 144 pursuant to the first sentence of this Section 4.3.

Appears in 1 contract

Samples: Participation, Registration Rights and Coordination Agreement (Univision Holdings, Inc.)

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