Common use of Multiple Holders Clause in Contracts

Multiple Holders. In the event that more than one Person shall constitute the "Holder" under this Agreement each such Person shall have the rights and duties of the Holder hereunder with respect to its Registrable Securities but not those of any other such Persons. In that event, however, Catalyst (or if Catalyst no longer is a Person constituting the Holder, such other Person as all of the Persons constituting the Holder shall designate with the Company's consent) shall act as representative of all such Persons constituting the Holder (the "Holders' Representative") for the purposes of giving and receiving consents, notices, amendments, and documents and exercising the rights of the Holder. Accordingly, if more than one Person shall constitute the Holder (a) any amendment signed by the Holders' Representative shall be conclusively deemed, as between the parties hereto, as having been signed by the Holder, (b) any consent required or permitted to be obtained from the Holder shall be obtained only from the Holders' Representative, and (c) any notice required to be given or document delivered pursuant to this Agreement shall be deemed duly given or delivered only if given to the Holders' Representative in accordance with Section 4.3. In no event, however, shall the Holder's Representative or any other Person constituting the Holder be liable for information supplied by a Person constituting the Holder, and that Person and the Company shall deal directly with each other with respect to matters in Section 2.6.

Appears in 1 contract

Sources: Registration Rights Agreement (Gexa Corp)

Multiple Holders. In the event that more than one Person shall constitute the "Holder" under this Agreement each such Person shall have the rights and duties of the Holder hereunder with respect to its Registrable Registerable Securities but not those of any other such Persons. In that event, however, Catalyst (or if Catalyst no longer is a Person constituting the Holder, such other Person as all of the Persons constituting the Holder shall designate with the Company's consent) shall act as representative of all such Persons constituting the Holder (the "Holders' Representative") for the purposes of giving and receiving consents, notices, amendments, and documents and exercising the rights of the Holder. Accordingly, if more than one Person shall constitute the Holder (a) any amendment signed by the Holders' Representative shall be conclusively deemed, as between the parties hereto, as having been signed by the Holder, (b) any consent required or permitted to be obtained from the Holder shall be obtained only from the Holders' Representative, and (c) any notice required to be given or document delivered pursuant to this Agreement shall be deemed duly given or delivered only if given to the Holders' Representative in accordance with Section 4.3. In no event, however, shall the Holder's Representative or any other Person constituting the Holder be liable for information supplied by a Person constituting the Holder, and that Person and the Company shall deal directly with each other with respect to matters in Section 2.6.

Appears in 1 contract

Sources: Registration Rights Agreement (Acr Group Inc)

Multiple Holders. In the event that more than one Person shall constitute the "Holder" under this Agreement each such Person shall have the rights and duties of the Holder hereunder with respect to its Registrable Registerable Securities but not those of any other such Persons. In that event, however, Catalyst SWCC (or if Catalyst SWCC no longer is a Person constituting the Holder, such other Person as all of the Persons constituting the Holder shall designate with the Company's consent) shall act as representative of all such Persons constituting the Holder (the "Holders' Representative") for the purposes of giving and receiving consents, notices, amendments, and documents and exercising the rights of the Holder. Accordingly, if more than one Person shall constitute the Holder (a) any amendment signed by the Holders' Representative shall be conclusively deemed, as between the parties hereto, as having been signed by the Holder, (b) any consent required or permitted to be obtained from the Holder shall be obtained only from the Holders' Representative, and (c) any notice required to be given or document delivered pursuant to this Agreement shall be deemed duly given or delivered only if given to the Holders' Representative in accordance with Section 4.3. In no event, however, shall the Holder's Representative or any other Person constituting the Holder be liable for information supplied by a Person constituting the Holder, and that Person and the Company shall deal directly with each other with respect to matters in Section 2.6.

Appears in 1 contract

Sources: Registration Rights Agreement (Acr Group Inc)