Common use of Initial Registration Clause in Contracts

Initial Registration. In the event the Company shall -------------------- complete an Initial Public Offering of its securities prior to the fifth (5th) anniversary of the Final Closing Date (as defined in the Memorandum), the Company shall, subject to and in accordance with the terms, conditions, procedures and requirements set forth herein, cause to be filed and take all commercially reasonable efforts to effect the registration under the Securities Act of all Registrable Securities not later than 360 days after the closing of such Initial Public Offering, or such later date as shall be negotiated on behalf of the Joint Stockholders by the Placement Agent, the Company and any underwriter for such Initial Public Offering as shall be determined by the terms hereof (the "Holdback Period"); provided, however, that a holder of Registrable Securities may inform the Company in writing that it wishes to exclude all or a portion of its Registrable Securities from such registration.