Common use of Withdrawal Election Clause in Contracts

Withdrawal Election. If, as a result of the proration provisions of Section 4.2(b), Investor shall not be entitled to include at least 50% of the Conversion Shares in a Piggy-Back Registration that Investor has requested to be included, Investor may elect to withdraw its request to include Conversion Shares in such registration (a "WITHDRAWAL ELECTION") without incurring any liability for its fees and expenses; provided, however, that a Withdrawal Election shall be irrevocable and, after making a Withdrawal Election, Investor shall no longer have any right to include Conversion Shares in the Piggy-Back Registration as to which such Withdrawal Election was made.

Appears in 1 contract

Samples: Investor Rights Agreement (Audible Inc)

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Withdrawal Election. If, as a result of the proration ------------------- provisions of Section 4.2(b10.2(b), Investor shall not be entitled to include at least 50% of the Conversion Shares in a Piggy-Back Registration that Investor has requested to be included, Investor may elect to withdraw its request to include Conversion Shares in such registration (a "WITHDRAWAL ELECTIONWithdrawal Election") without incurring any liability for its fees and expenses; provided, however, that a Withdrawal Election shall be irrevocable and, -------- ------- after making a Withdrawal Election, Investor shall no longer have any right to include Conversion Shares in the Piggy-Back Registration as to which such Withdrawal Election was made.

Appears in 1 contract

Samples: Series a Convertible Preferred Stock Purchase Agreement (Audible Inc)

Withdrawal Election. If, as a result of the proration provisions of Section 4.2(b7.2(b), Investor shall not be entitled to include at least 50% of the Conversion Shares in a Piggy-Back Registration that Investor has requested to be included, Investor may elect to withdraw its request to include Conversion Shares in such registration (a "WITHDRAWAL ELECTIONWithdrawal Election") without incurring any liability for its fees and expenses; provided, however, that a Withdrawal Election shall be irrevocable and, after making a Withdrawal Election, Investor shall no longer have any right to include Conversion Shares in the Piggy-Back Registration as to which such Withdrawal Election was made.

Appears in 1 contract

Samples: Series B Convertible Preferred Stock Purchase Agreement (Audible Inc)

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Withdrawal Election. If, as a result of the proration provisions of Section 4.2(b), Investor shall not be entitled to include at least 50% of the Conversion Shares in a Piggy-Back Registration that Investor has requested to be included, Investor may elect to withdraw its request to include Conversion Shares in such registration (a "WITHDRAWAL ELECTIONWithdrawal Election") without incurring any liability for its fees and expenses; provided, however, that a Withdrawal Election shall be irrevocable and, after making a Withdrawal Election, Investor shall no longer have any right to include Conversion Shares in the Piggy-Back Registration as to which such Withdrawal Election was made.

Appears in 1 contract

Samples: Investor Rights Agreement (Audible Inc)

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