Common use of Cancellation of Registration Clause in Contracts

Cancellation of Registration. A majority-in-interest, on an as-converted to Common Stock basis, of the Demanding Holders shall have the right to cancel a proposed registration of Registrable Securities pursuant to Section 2.1 when (i) in their discretion, market conditions are so unfavorable as to be seriously detrimental to an offering pursuant to such registration or (ii) the request for cancellation is based upon material adverse information relating to the Company that was unknown to the Demanding Holders at the time of their written request for a Demand Registration. Such cancellation of a registration shall not be counted as one of the three Demand Registrations provided for in Section 2.1(a) and, notwithstanding anything to the contrary in this Agreement, the Company shall be responsible for the expenses of the Demanding Holders incurred in connection with the registration prior to the time of such cancellation.

Cancellation of Registration. A majority-in-interest, on an as-as converted to Common Stock Ordinary Share basis, of the Demanding Holders shall have the right to cancel a proposed registration of Registrable Securities pursuant to Section 2.1 when (i) in their discretion, market conditions are so unfavorable as to be seriously detrimental to an offering pursuant to such registration or (ii) the request for cancellation is based upon material adverse information or event relating to the Company that was unknown to the Demanding Holders at the time of their written request for a Demand Registration. Such cancellation of a registration shall not be counted as one of the three two Demand Registrations provided for in Section 2.1(a) and, notwithstanding anything to the contrary in this Agreement, the Company shall be responsible for the expenses of the Demanding Holders incurred in connection with the registration prior to the time of such cancellation2.1.

Cancellation of Registration. A majority-in-interest, on an as-as converted to Common Stock basis, of the Demanding Holders shall have the right to cancel a proposed registration of Registrable Securities pursuant to Section 2.1 when (i) in their discretion, market conditions are so unfavorable as to be seriously detrimental to an offering pursuant to such registration or (ii) the request for cancellation is based upon material adverse information relating to the Company that was unknown to the Demanding Holders at the time of their written request for a Demand Registration. Such cancellation of a registration shall not be counted as one of the three two Demand Registrations provided for in Section 2.1(a) and, notwithstanding anything to the contrary in this Agreement, the Company shall be responsible for the expenses of the Demanding Holders incurred in connection with the registration prior to the time of such cancellation.