Common use of Waiver of Other Registration Rights Clause in Contracts

Waiver of Other Registration Rights. Each Existing Holder hereby forever and irrevocably (a) waives any rights heretofore granted by the Company with respect to the registration of any Registrable Stock under Applicable Securities Laws, and (b) releases the Company from any commitment, covenant, agreement or obligation to register any Registrable Stock under Applicable Securities Laws. Without limiting the effect of the foregoing, each of the Existing Holders and the Company agrees that the Registration Rights Agreement dated as of October 21, 1998, is terminated upon the execution and delivery of this Agreement by the parties hereto and shall be of no force and effect.

Appears in 4 contracts

Samples: Registration Rights Agreement (Logimetrics Inc), Employment Agreement (Logimetrics Inc), Registration Rights Agreement (Logimetrics Inc)

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