Sponsor Shelf Registration Amount definition

Sponsor Shelf Registration Amount has the meaning set forth in Section 2.02(a)(ii).

Sponsor Shelf Registration Amount. The Company shall use its commercially reasonable efforts to keep such Shelf Registration Statement continuously effective for a period ending when all Company Shares covered by the Shelf Registration Statement are no longer Registrable Securities or the date as of which each of the Stockholders is permitted to sell its Registrable Securities without Registration pursuant to Rule 144 under the Securities Act without volume limitation or other restrictions on transfer thereunder.

Sponsor Shelf Registration Amount has the meaning set forth in Section 5.02(a).

Examples of Sponsor Shelf Registration Amount in a sentence

• For purposes of this Section 2.02(c), the “Pro Ration Percentage ” means, as of the date of determination with respect to any particular Shelf Registration, the percentage determined by multiplying (i) 100 by (ii) a fraction, the numerator of which is the Sponsor Shelf Registration Amount in effect as of such date with respect to such Shelf Registration and the denominator of which is the aggregate number of Registrable Securities then beneficially owned by the Sponsor.

• If the Company is not a WKSI, the Shelf Notice shall specify the Sponsor Shelf Registration Amount and the Pro Ration Percentage.

• Promptly upon receipt of any request by a Sponsor to file a Shelf Registration Statement or any request by a Sponsor to increase the number of its Registrable Securities registered on such Shelf Registration Statement pursuant to Section 5.02(a) (but in no event more than five (5) Business Days thereafter), the Company shall deliver a written notice (a “Shelf Notice”) of any such request to all non-Sponsor Stockholders specifying the Sponsor Shelf Registration Amount.