Common use of Withdrawal or Delay Clause in Contracts

Withdrawal or Delay. If at any time after giving written notice of its intention to register any securities and prior to the effective date of the registration statement filed in connection with such registration, the Corporation shall determine for any reason not to register or to delay registration of such securities, the Corporation may, at its election, give written notice of such determination to each holder of Registrable Securities requested to be included in such offering and (i) in the case of a determination not to register, shall be relieved of its obligation to register any Registrable Securities in connection with such registration (but not from any obligation of the Corporation to pay the Registration Expenses in connection therewith), without prejudice, however, to the rights of any holder of Registrable Securities to include Registrable Securities in any future registrations pursuant to this SECTION 4.2 or to cause a registration to be effected as a Demand Registration under SECTION 4.1, and (ii) in the case of a determination to delay registering, shall be permitted to delay registering any Registrable Securities, for the same period as the delay in registering such other securities.

Appears in 4 contracts

Samples: Stockholders Agreement (Peninsular Life Insurance Co /Fl/), Stockholders Agreement (Exective Risk Indemnity Inc), Stockholders Agreement (Aegon Usa Investment Management Inc/Ia)

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Withdrawal or Delay. If at any time after giving written notice of its intention to register any securities and prior to the effective date of the registration statement filed in connection with such registration, the Corporation shall determine for any reason not to register or to delay registration of such securities, the Corporation may, at its election, give written notice of such determination to each holder of Registrable Securities requested to be included in such offering and (i) in the case of a determination not to register, shall be relieved of its obligation to register any Registrable Securities in connection with such registration (but not from any obligation of the Corporation to pay the Registration Expenses in connection therewith), without prejudice, however, to the rights of any holder of Registrable Securities to include Registrable Securities in any future registrations pursuant to this SECTION Section 4.2 or to cause a registration to be effected as a Demand Registration under SECTION Section 4.1, and (ii) in the case of a determination to delay registering, shall be permitted to delay registering any Registrable Securities, for the same period as the delay in registering such other securities.

Appears in 3 contracts

Samples: Stockholders Agreement (Joyce Christopher J), Stockholders Agreement (Hancock John Financial Services Inc), Stockholders Agreement (Liberty Life Insurance Co)

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Withdrawal or Delay. If at any time after giving written notice of its intention to register any securities and prior to the effective date of the registration statement filed in connection with such registration, the Corporation Ranger shall determine for any reason not to register or to delay registration of such securities, the Corporation Ranger may, at its election, give written notice of such determination to each holder of Registrable Securities requested to be included in such offering and (i) in the case of a determination not to register, shall be relieved of its obligation to register any Registrable Securities in connection with such registration (but not from any obligation of the Corporation Ranger to pay the Registration Expenses in connection therewith), without prejudice, however, to the rights of any holder of Registrable Securities to include Registrable Securities in any future registrations pursuant to this SECTION 4.2 2 or to cause a registration to be effected as a Demand Registration under SECTION 4.11, and (ii) in the case of a determination to delay registering, shall be permitted to delay registering any Registrable Securities, for the same period as the delay in registering such other securities.

Appears in 1 contract

Samples: Rights Agreement (Aircraft Service International Inc)

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