Withdrawal Election. If, as a result of the proration provisions of this Section 2.3, any Holder shall not be entitled to include at least 50% of the Registrable Securities in a Piggy-Back Registration that such Holder has requested to be included, such Holder may elect to withdraw his request to include Registrable Securities in such registration (a "Withdrawal Election"); provided, however, that a Withdrawal Election shall be irrevocable and, after making a Withdrawal Election, a Holder shall no longer have any right to include Registrable Securities in the Piggy Back Registration as to which such Withdrawal Election was made.
Appears in 2 contracts
Samples: Registration Rights Agreement (Safety Components International Inc), Registration Rights Agreement (Safety Components International Inc)
Withdrawal Election. If, as a result of the proration provisions of this Section 2.3, any Holder shall not be entitled to include at least 50% of the Registrable Securities in a Demand Registration or Piggy-Back Registration that such Holder has requested to be included, such Holder may elect to withdraw his his, her or its request to include Registrable Securities in such registration (a "Withdrawal Election"); provided, however, that a Withdrawal Election shall be irrevocable and, after making a Withdrawal Election, a Holder shall no longer have any right to include Registrable Securities in the Piggy Back Registration registration as to which such Withdrawal Election was made.
Appears in 2 contracts
Samples: Registration Rights Agreement (Park N View Inc), Securities Restriction Agreement (Park N View Inc)
Withdrawal Election. If, as a result of the proration provisions ------------------- of this Section 2.3, any Holder shall not be entitled to include at least 50% of the Registrable Securities in a Piggy-Back Registration that such Holder has requested to be included, such Holder may elect to withdraw his his, her or its request to include Registrable Securities in such registration (a "Withdrawal Election")) without incurring any liability for his, her or its fees and expenses; provided, however, that a Withdrawal Election shall be irrevocable -------- ------- and, after making a Withdrawal Election, a Holder shall no longer have any right to include Registrable Securities in the Piggy Piggy-Back Registration as to which such Withdrawal Election was made.
Appears in 1 contract
