Requirement to Register. Notwithstanding anything else contained in this Agreement to the contrary, to the extent a holder of Registrable Securities has been delayed, restricted or otherwise prevented from registering any or all such Registrable Securities as such holder may desire for a period of eighteen (18) months from either (i) the date of this Agreement or (ii) if a Demand Registration right has been exercised by such holder, from the effective date of such registration statement filed pursuant to such Demand Registration due to, among other things, any provisions contained in this Agreement or Schedule I hereto, then (a) such holder shall be permitted to exercise any of its Demand Registration or Piggyback Registration rights hereunder (subject to the provisions hereof), (b) the Company shall be obligated to promptly upon exercise of such rights, in accordance with the terms hereof, register all of such Registrable Securities immediately without regard to any delaying, prioritizing or restrictive provisions and (c) from the effective date of the registration statement filed pursuant to such holder's Demand Registration or Piggyback Registration until six (6) months following completion of the sale of such Registrable Securities, the Company shall not register or make any public sale or distribution of its equity securities (except pursuant to registrations on Form S-8 or S-4 or any successor form).
Appears in 2 contracts
Sources: Registration Rights Agreement (Futurelink Corp), Registration Rights Agreement (Futurelink Corp)
Requirement to Register. Notwithstanding anything else contained in this Agreement to the contrary, to the extent a holder of Registrable Securities Shareholder has been delayed, restricted or otherwise prevented from nom registering any or all of such Registrable Securities as such holder may desire for a period of eighteen (18) months from either (i) the date of this Agreement or (ii) if a any demand for Demand Registration right has been exercised by such holder, from the effective date of such registration statement filed pursuant to such Demand Registration this Article II, due to, among other things, any provisions contained in this Agreement or Schedule I heretoAgreement, then (a) such holder Shareholder shall be permitted to exercise any of its Demand Registration or Piggyback Registration rights hereunder (subject to the provisions hereof), (b) the Company shall be obligated to promptly to, as soon as practicable upon exercise of such rights, in accordance with the terms hereof, register all of such Registrable Securities immediately without regard to any delaying, prioritizing or restrictive provisions and (c) from the effective date of the registration statement filed pursuant to such holder's Shareholder’s Demand Registration or Piggyback Registration until six (6) months following completion of the sale of such Registrable Securities, the Company shall not register or make any public sale or public distribution of its equity securities (except pursuant to registrations on Form S-8 or S-4 or any successor formto such forms).
Appears in 1 contract
Sources: Registration Rights Agreement (New Frontiers Capital, LLC)