Common use of Cutbacks Clause in Contracts

Cutbacks. If the managing underwriters advise the Company and the selling Stockholders that, in their opinion, the number of shares requested to be included in an underwritten offering exceeds the amount that can be sold in such offering without adversely affecting the distribution of the shares being offered, such offering will include only the number of shares that the underwriters advise can be sold in such offering without such adverse effect. The selling Stockholders and the Company, to the extent it is selling shares in the offering, will be subject to cutback pro rata based on the respective number of shares initially requested by them to be included in such offering, without regard to who initiated or otherwise made the demand for such offering. Except as contemplated by Section 6.1(b), other selling stockholders (other than transferees to whom a Stockholder has assigned its rights under this Agreement) will be included in an underwritten offering as to which such a cutback has been applied only with the consent of Stockholders holding a majority of the shares being sold in such offering.

Appears in 3 contracts

Samples: Registration Rights Agreement (Performance Food Group Co), Registration Rights Agreement (Performance Food Group Co), Form of Registration Rights Agreement (Performance Food Group Co)

AutoNDA by SimpleDocs

Cutbacks. If the managing underwriters advise the Company and the selling Stockholders Shareholders that, in their opinion, the number of shares requested to be included in an underwritten offering exceeds the amount that can be sold in such offering without adversely affecting the distribution of the shares being offered, such offering will include only the number of shares that the underwriters advise can be sold in such offering without such adverse effect. The selling Stockholders Shareholders and the Company, to the extent it is selling shares in the offering, will be subject to cutback pro rata based on the respective number of shares initially requested by them to be included in such offering, without regard to who initiated or otherwise made the demand for such offering. Except as contemplated by Section 6.1(b6.1(c), other selling stockholders Shareholders (other than transferees to whom a Stockholder Shareholder has assigned its rights under this Agreement) will be included in an underwritten offering as to which such a cutback has been applied only with the consent of Stockholders Shareholders holding a majority of the shares being sold in such offering.

Appears in 2 contracts

Samples: Registration Rights Agreement (Gates Industrial Corp PLC), Registration Rights Agreement (Gates Industrial Corp PLC)

Cutbacks. If the managing underwriters advise the Company and the selling Stockholders that, in their reasonable opinion, the number of shares requested to be included in an underwritten offering exceeds the amount that can be sold in such offering without adversely affecting the distribution of the shares being offered, such offering will include only the number of shares that the underwriters reasonably advise can be sold in such offering without such adverse effect. The selling Stockholders and the Company, to the extent it is selling shares in the offering, will be subject to cutback pro rata based on the respective number of shares initially requested by them to be included in such offering, without regard to who initiated or otherwise made the demand for such offering. Except as contemplated by Section 6.1(b), other selling stockholders not a party to this Agreement (other than transferees to whom a Stockholder has assigned its rights under this Agreement) will be included in an underwritten offering as to which such a cutback has been applied only with the consent of Stockholders holding a majority of the shares being sold in such offering.

Appears in 1 contract

Samples: Registration Rights Agreement (Avantor, Inc.)

Cutbacks. If the managing underwriters advise the Company and the selling Stockholders Shareholders that, in their opinion, the number of shares requested to be included in an underwritten offering exceeds the amount that can be sold in such offering without adversely affecting the distribution of the shares being offered, such offering will include only the number of shares that the underwriters advise can be sold in such offering without such adverse effect. The selling Stockholders Shareholders and the Company, to the extent it is selling shares in the offering, will be subject to cutback pro rata based on the respective number of shares initially requested by them to be included in such offering, without regard ; provided that the Company shall be subject to who initiated or otherwise made cutback prior to the demand for selling Shareholders in connection with any offering demanded by such offeringselling Shareholders pursuant to this Agreement. Except as contemplated by Section 6.1(b6.1(c), other selling stockholders Shareholders (other than transferees to whom a Stockholder Shareholder has assigned its rights under this Agreement) will be included in an underwritten offering as to which such a cutback has been applied only with the consent of Stockholders Shareholders holding a majority of the shares being sold in such offering.

Appears in 1 contract

Samples: Registration Rights Agreement (Mavenir Private Holdings II Ltd.)

AutoNDA by SimpleDocs

Cutbacks. If the managing underwriters advise the Company and the selling Stockholders Shareholders that, in their opinion, the number of shares requested to be included in an underwritten offering exceeds the amount that can be sold in such offering without adversely affecting the distribution of the shares being offered, such offering will include only the number of shares that the underwriters advise can be sold in such offering without such adverse effect. The selling Stockholders Shareholders and the Company, to the extent it is selling shares in the offering, will be subject to cutback pro rata based on the respective number of shares initially requested by them to be included in such offering, without regard to who initiated or otherwise made the demand for such offering. offering Except as contemplated by Section 6.1(b), shares held by other selling stockholders (other than transferees to whom a Stockholder has assigned its rights under this Agreement) holders who are not Shareholders will be included in an underwritten offering as to which such a cutback has been applied only with the consent of Stockholders Shareholders holding a majority of the shares being sold in such offering, or, if in connection with a demanded offering (pursuant to Section 2.2), the demanding Shareholder.

Appears in 1 contract

Samples: Form of Registration Rights Agreement (Liberty TripAdvisor Holdings, Inc.)

Cutbacks. If the managing underwriters advise the Company and the selling Stockholders Equityholders that, in their opinion, the number of shares Shares requested to be included in an underwritten offering exceeds the amount that can be sold in such offering without adversely affecting the distribution of the shares Shares being offered, such offering will include only the number of shares Shares that the underwriters advise can be sold in such offering without such adverse effectoffering. The selling Stockholders and the Company, to To the extent it the number of Shares requested to be included in an underwritten offering exceeds the amount that can be sold in such offering, and in all other cases where the Company is not selling shares Shares in the relevant offering, the selling Equityholders will be subject to cutback pro rata based on the respective number of shares Shares initially requested by them to be included in such offering, without regard to distinguishing between Equityholders based on who initiated or otherwise made the demand for such offering. Except as contemplated by Section 6.1(b7.1(b), other selling stockholders (other than transferees to whom a Stockholder an Equityholder has assigned its rights under this Agreement) will be included in an underwritten offering as to which such a cutback has been applied only with the consent of Stockholders holding a majority of the shares being sold in such offeringLead Investor.

Appears in 1 contract

Samples: Registration Rights Agreement (SeaWorld Entertainment, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.