Common use of Cutback Clause in Contracts

Cutback. If, as a result of the proration provisions of this Section 1.4, any Designated Holders shall not be entitled to include all Registrable Securities in a Piggyback Registration that such Designated Holders has requested to be included, such holder may elect to withdraw his request to include Registrable Securities in such registration but the Company shall be required to reimburse such holder for the fees and expenses referred to in Section 1.7(b) hereof incurred by such holder prior to such withdrawal.

Appears in 3 contracts

Samples: Registration Rights Agreement (Soros George), Registration Rights Agreement (Auto Data Network), Registration Rights Agreement (Bioenvision Inc)

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Cutback. If, as a result of the proration provisions of this Section 1.4, any Designated designated Holders shall not be entitled to include all Registrable Securities in a Piggyback Registration registration that such Designated Holders has requested to be included, such holder may elect to withdraw his request to include Registrable Securities in such registration but the Company shall be required to reimburse such holder for the fees and expenses referred to in Section 1.7(b) hereof incurred by such holder prior to such withdrawal.

Appears in 3 contracts

Samples: Form of Registration Rights Agreement (Auto Data Network), Form of Registration Rights Agreement (Auto Data Network), Form of Registration Rights Agreement (Auto Data Network)

Cutback. If, as a result of the proration provisions of this Section 1.4, any Designated Holders shall not be entitled to include all Registrable Securities in a Piggyback Registration that such Designated Holders has requested to be included, such holder may elect to withdraw his request to include Registrable Securities in such registration but the Company shall be required to reimburse such holder for the fees and expenses referred to in Section 1.7(b) hereof incurred by such holder prior to such withdrawalregistration.

Appears in 2 contracts

Samples: Registration Rights Agreement (Advance Nanotech, Inc.), Registration Rights Agreement (Advance Nanotech, Inc.)

Cutback. If, as a result of the proration provisions of this Section 1.41.5, any Designated Holders shall not be entitled to include all Registrable Securities in a Piggyback Registration that such Designated Holders has requested to be included, such holder may elect to withdraw his request to include Registrable Securities in such registration but the Company shall be required to reimburse such holder for the fees and expenses referred to in Section 1.7(b1.7(t) hereof incurred by such holder prior to such withdrawal.

Appears in 2 contracts

Samples: Registration Rights Agreement (iCURIE, INC.), Registration Rights Agreement (iCURIE, INC.)

Cutback. If, as a result of the proration provisions of this Section 1.4, any Designated Holders shall not be entitled to include all Registrable Securities in a Piggyback Registration that such Designated Holders has requested to be included, such holder may elect to withdraw his request to include Registrable Securities in such registration but the Company GDI shall be required to reimburse such holder for the fees and expenses referred to in Section 1.7(b1.6(b) hereof incurred by such holder prior to such withdrawal.

Appears in 2 contracts

Samples: Stockholders Agreement (General Devices Inc), Registration Rights Agreement (General Devices Inc)

Cutback. If, as a result of the proration provisions of this Section 1.4, any Designated Holders shall not be entitled to include all Registrable Securities in a Piggyback Registration that such Designated Holders has requested to be included, such holder may elect to withdraw his request to include Registrable Securities in such registration but the Company shall be required to reimburse such holder for the fees and expenses referred to in Section 1.7(b1.6(t) hereof incurred by such holder prior to such withdrawal.

Appears in 2 contracts

Samples: Bacl Registration Rights Agreement (Bioaccelerate Holdings Inc), Registration Rights Agreement (Electronic Game Card Inc)

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Cutback. If, as a result of the proration provisions of this Section 1.48.5, any Designated Holders shall not be entitled to include all Registrable Securities in a Piggyback Registration that such Designated Holders has requested to be included, such holder may elect to withdraw his request to include Registrable Securities in such registration but the Company shall be required to reimburse such holder for the fees and expenses referred to in Section 1.7(b) hereof incurred by such holder prior to such withdrawal.

Appears in 1 contract

Samples: Securities Purchase Agreement (Enhance Biotech Inc)

Cutback. If, as a result of the proration provisions of this Section 1.4, any Designated Holders shall not be entitled to include all Registrable Securities in a Piggyback Registration that such Designated Holders has requested to be included, such holder may elect to withdraw his request to include Registrable Securities in such registration but the Company shall be required to reimburse such holder for the fees and expenses referred to in Section 1.7(b1.6(b) hereof incurred by such holder prior to such withdrawal.

Appears in 1 contract

Samples: Stockholders Agreement (General Devices Inc)

Cutback. If, as a result of the proration pro ration provisions of this Section 1.41.3, any Designated Holders Holder shall not be entitled to include all Registrable Securities in a Piggyback Registration that such Designated Holders has have requested to be included, such holder Holder may elect to withdraw his request to include Registrable Securities in such registration but the Company shall be required to reimburse such holder Holder for the fees and expenses referred to in Section 1.7(b) 1.7 hereof incurred by such holder Holder prior to such withdrawal.

Appears in 1 contract

Samples: Investor Rights Agreement (Delta Financial Corp)

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