Comparable Agreements. The Company hereby represents and warrants that it has not entered into or agreed to any side letter or similar arrangement or other agreement with any other holder or prospective holder of any securities of the Company providing for registration rights with respect to the securities of the Company that confers rights or benefits more favorable than the rights and benefits conferred upon the holders of the Registrable Securities hereunder (such a letter, arrangement or agreement, whether or not it confers such more favorable rights or benefits, a "Side Arrangement"). The Company shall not enter into any Side Arrangement with any holder or prospective holder of any securities of the Company that shall confer rights or benefits more favorable than the rights and benefits conferred upon the holders of the Registrable Securities hereunder, unless, in each case, each of the holders of the Registrable Securities have been notified in writing and been provided with a copy of such a proposed Side Arrangement at least 20 Business Days prior to the effective date of such Side Arrangement and have been given the opportunity to receive the rights and benefits in such Side Arrangement as of the date of such Side Arrangement.
Appears in 2 contracts
Sources: Registration Rights Agreement (Prosoft I Net Solutions Inc), Registration Rights Agreement (Prosoft I Net Solutions Inc)
Comparable Agreements. The Company hereby represents and warrants --------------------- that it has not entered into or agreed to any side letter or similar arrangement or other agreement with any other holder or prospective holder of any securities of the Company providing for registration rights with respect to the securities of the Company that confers rights or benefits more favorable than the rights and benefits conferred upon the holders of the Registrable Securities hereunder (such a letter, arrangement or agreement, whether or not it confers such more favorable rights or benefits, a "Side Arrangement"). The Company shall not enter into any Side Arrangement with any holder or prospective holder of any securities of the Company that shall confer rights or benefits more favorable than the rights and benefits conferred upon the holders of the Registrable Securities hereunder, unless, in each case, each of the holders of the Registrable Securities have been notified in writing and been provided with a copy of such a proposed Side Arrangement at least 20 Business Days prior to the effective date of such Side Arrangement and have been given the opportunity to receive the rights and benefits in such Side Arrangement as of the date of such Side Arrangement.
Appears in 1 contract
Sources: Registration Rights Agreement (Prosoft I Net Solutions Inc)