Examples of Piggyback Holder in a sentence
The Corporation shall not be required to maintain the effectiveness of the Registration Statement for a Piggyback Registration (including for an Initial Follow-On Public Offering) beyond the earlier to occur of (A) 180 days after the effective date thereof, and (B) consummation of the distribution by the requesting Piggyback Holder of the Registrable Securities included in such Registration Statement.
The Company shall afford (i) each such Piggyback Holder that is a Non-Invus Stockholder the opportunity to include in such Eligible Registration Statement Registrable Securities up to the Threshold Amount and (ii) to the extent such registration is not pursuant to Section 3.2, the Invus Transferee Group the opportunity to include in such Eligible Registration Statement such number of Registrable Securities as they request.
Each Piggyback Holder desiring to include in any such Eligible Registration Statement Registrable Securities held by it shall, in the case of the Initial Offering, within ten (10) business days and, in the case of any registration subsequent to the Initial Offering, one (1) business day after the above-described notice from the Company, so notify the Company in writing.
Upon such written notice from a Piggyback Holder, the Company will use its reasonable best efforts to effect the registration under the Securities Act of all Registrable Securities which such Piggyback Holder has requested to be registered.
The Company shall promptly give notice of the withdrawal or termination of any registration, whether requested pursuant to Section 3.2 or initiated by the Company, to any Piggyback Holder who has elected to participate in such registration.