Shelf Takedowns. In connection with any shelf takedown (whether pursuant to Section 2.2(f) or at the initiative of the Company) after the second (2nd) anniversary of the Effective Date (or earlier if the Company agrees to waive the two-year transfer restriction under the Stockholders Agreement), other than in the case of an underwritten secondary offering initiated by a BX Holder, the Holders may exercise “piggyback” rights in the manner described in this Agreement to have included in such takedown Registrable Securities held by them that are registered on such shelf registration statement, provided, that in the case of any shelf takedown for an underwritten offering, at the initiative of the Company, the ten (10) Business Day period in Section 2.1(a) shall be reduced to seven (7) Business Days.
Appears in 3 contracts
Sources: Registration Rights Agreement (Hilton Grand Vacations Inc.), Registration Rights Agreement (Park Hotels & Resorts Inc.), Registration Rights Agreement (Hilton Worldwide Holdings Inc.)