Limitations on Requested Registration. Match shall not be obligated to effect, or to take any action to effect, any such registration pursuant to this Section 1.1: (i) Prior to the time set forth, or the earlier waiver, in the applicable “lock up” provisions of any agreement executed by IAC and the underwriters in connection with Match’s Initial Public Offering; (ii) In any twelve-month period, after Match has initiated three such registrations pursuant to this Section 1.1 (counting for these purposes only registrations that have been declared or ordered effective and pursuant to which securities have been sold); or (iii) If IAC proposes to dispose of shares of Registrable Securities that may be immediately registered on Form S-3 pursuant to a request made under Section 1.3 hereof.
Appears in 3 contracts
Sources: Investor Rights Agreement (Iac/Interactivecorp), Investor Rights Agreement (Match Group, Inc.), Investor Rights Agreement (Match Group, Inc.)