Common use of Priority in Registrations Clause in Contracts

Priority in Registrations. In the event that, in connection with an underwritten offering in which ▇▇▇▇▇▇ is to sell securities of the Company, the managing underwriter shall advise ▇▇▇▇▇▇ and Apollo in writing that, in its opinion, the number of securities requested to be included in such offering exceeds the number which can be sold in such offering without interfering with the successful marketing of the securities so being registered, the number of shares to be sold may be reduced to such number stated in the letter of the managing underwriter which can be sold without interfering with the successful marketing of such securities. In such circumstances, notwithstanding section 2.2(b) or the terms of the Registration Rights Agreement, dated as of September 29, 1998 between the Company, ▇▇▇▇▇▇ and the other parties signatory thereto, the number of shares Beneficially Owned by each of Apollo, its Affiliates and ▇▇▇▇▇▇ to be sold shall be reduced by the same percentage.

Appears in 1 contract

Sources: Registration Rights Agreement (Apollo Investment Fund Iv Lp)

Priority in Registrations. In the event that, in connection with ------------------------- an underwritten offering in which ▇▇▇▇▇▇ is to sell securities of the Company, the managing underwriter shall advise ▇▇▇▇▇▇ and Apollo in writing that, in its opinion, the number of securities requested to be included in such offering exceeds the number which can be sold in such offering without interfering with the successful marketing of the securities so being registered, the number of shares to be sold may be reduced to such number stated in the letter of the managing underwriter which can be sold without interfering with the successful marketing of such securities. In such circumstances, notwithstanding section 2.2(b) or the terms of the Registration Rights Agreement, dated as of September 29, 1998 between the Company, ▇▇▇▇▇▇ and the other parties signatory thereto, the number of shares Beneficially Owned by each of Apollo, its Affiliates and ▇▇▇▇▇▇ to be sold shall be reduced by the same percentage.

Appears in 1 contract

Sources: Registration Rights Agreement (United Rentals North America Inc)