Common use of Effective Registration and Expenses Clause in Contracts

Effective Registration and Expenses. A registration will not count as a Demand Registration until it has become effective (unless the Requesting Holders withdraw their Demand Request, in which case such demand will count as a Demand Registration unless (i) the Requesting Holders pay all Registration Expenses in connection with such withdrawn registration, (ii) during the registration process material adverse information regarding the Company is disclosed that was not known by such Requesting Holders at the time the request for such Demand Registration was made or (iii) the Company has not complied in all material respects with its obligations hereunder required to have been taken prior to such withdrawal); provided that if, after it has become effective, an offering of Registrable Securities pursuant to a registration is interfered with by any stop order, injunction or other order or requirement of the SEC or other governmental agency or court, such registration will be deemed not to have been effected and will not count as a Demand Registration.

Effective Registration and Expenses. A registration will not count as a Demand Registration until it has become effective (unless the Requesting Holders holding a majority of the Registrable Shares held by Requesting Holders for which registration was previously requested withdraw their Demand RequestRequest and the Company has performed its obligations hereunder in all material respects, in which case such demand registration will count as a Demand Registration unless either (i) the Requesting Holders pay all Registration Expenses in connection with such withdrawn registration, registration or (ii) during the registration process material adverse information regarding the Company is disclosed that was not known by such Requesting Holders at withrew such Registrable Shares pursuant to the time the request for such Demand Registration was made or (iii) the Company has not complied in all material respects with its obligations hereunder required to have been taken prior to such withdrawalsecond sentence of Section 1.1(d); provided provided, that if, after it has become effective, an offering of Registrable Securities Shares pursuant to a registration is interfered with by any stop order, injunction or other order or requirement of the SEC or other governmental agency or court, such registration will be deemed not to have been effected and will not count as a Demand Registration.