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 Executive withdraws the Common Shares, in which case such demand will count as a Demand Registration unless the Executive agrees to pay all the expenses of such registration). The Corporation shall be solely responsible for any and all costs and expenses of all registrations and qualifications under the Securities Act, and of all other actions the Corporation is required to take in order to effect the registration of Common Shares under the Securities Act whether pursuant to this Agreement or otherwise.

Effective Registration and Expenses. A registration will not count as a Demand Registration until it has become effective (unless the Executive Purchaser withdraws the Common Shares, in which case such demand will count as a Demand Registration unless the Executive Purchaser agrees to pay all the expenses of such registrationRegistration Expenses). The Corporation Company shall be solely responsible for any and all costs and expenses of all registrations and qualifications under the Securities Act, and of all other actions the Corporation Company is required to take in order to effect the registration of Common Shares under the Securities Act whether pursuant to this Agreement or otherwise.