Common use of Mandatory Exchange Registration Clause in Contracts

Mandatory Exchange Registration. At such time as the Company first becomes eligible to file a Registration Statement on Form S-3, the Company shall as promptly as practicable file with the SEC and use reasonable best efforts to cause to be promptly declared effective under the Securities Act a Registration Statement (“Exchange Registration Statement”) for the Exchange of all of the shares of Class B Common Stock together with all of Common Units held by the Stockholders for shares of Class A Common Stock, subject to Section 3.9 of the LLC Agreement. Such Registration pursuant to this Section 2.4, including as amended, renewed or replaced as provided herein, shall hereinafter be referred to as an “Exchange Registration.” Should the Company fail to file an Exchange Registration Statement within 15 months of the closing date of the IPO, the Founding Member shall have the right to deliver a written notice to the Company to require the Company to file such Exchange Registration Statement.

Mandatory Exchange Registration. At such time as the Company first becomes eligible to file a Registration Statement on Form S-3, the Company shall as promptly as practicable file with the SEC and use reasonable best efforts to cause to be promptly declared effective under the Securities Act a Registration Statement (“Exchange Registration Statement”) for the Exchange of all of the shares of Class B Common Stock together with all of Common Units held by the Stockholders for shares of Class A Common Stock, subject to Section 3.9 [ ] of the LLC Agreement. Such Registration pursuant to this Section 2.4, including as amended, renewed or replaced as provided herein, shall hereinafter be referred to as an “Exchange Registration.” Should the Company fail to file an Exchange Registration Statement within 15 months of the closing date of the IPO, the Founding Member shall have the right to deliver a written notice to the Company to require the Company to file such Exchange Registration Statement.