Common use of Participation Clause in Contracts

Participation. If at any time the Company proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offering, then the Company shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 7 contracts

Samples: Preferred Restructuring Agreement (Equitrans Midstream Corp), Preferred Restructuring Agreement (EQM Midstream Partners, LP), Preferred Restructuring Agreement (EQM Midstream Partners, LP)

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Participation. If at any time the Company USWS proposes to file (i) at a Registration Statement (other than time when USWS is not a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.01(a)2.1(a) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)this Agreement that is currently effective, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as the Company USWS is a WKSI at such time or, whether or not the Company USWS is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Shelf Registration Statement or are included on in an effective Shelf Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Class A Common Stock by Other Holders in an Underwritten OfferingOffering for its own account and/or another Person, other than (a) a registration relating solely to employee benefit plans, (b) a registration relating solely to a Rule 145 transaction, or (c) a registration statement on any registration form which does not permit secondary sales, then the Company USWS shall give not less than four three (43) Business Days’ Days advance notice (including, but not limited to, notification by electronic e-mail) (the ; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least more than $15 5.0 million of Common Share Registrable Securities Securities, and such Piggyback Notice notice shall offer such Holder the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company USWS (A) shall not be required to offer include the Registrable Securities of the Holders in such opportunity (A) to such Holders Registration if the Holders, together with their Affiliates, Holders do not offer a minimum of $15 5.0 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company USWS has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the offering price, timing or probability of success of the distribution of the shares of Class A Common Stock in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b2.2(b). If USWS is not required to offer the opportunity for a Piggyback Registration in respect of a proposed Underwritten Offering as a result of the circumstance described in clause (B) of the proviso of the immediately preceding sentence, then USWS shall nevertheless be required to furnish to such Holders the Piggyback Notice in respect of such proposed Underwritten Offering, which notice shall describe USWS’s intention to conduct an Underwritten Offering and, if the determination described in clause (B) of the proviso of the immediately preceding sentence has been made at the time that the Piggyback Notice is required to be given by USWS, shall include notification that the Holders do not have the opportunity to include Registrable Securities in such Underwritten Offering because USWS has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have an adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock in the Underwritten Offering. If the circumstance described in clause (B) of the proviso of the immediately preceding sentence is made after the Piggyback Notice has been given, then USWS shall notify the Holders who were provided such Piggyback Notice (or if the two Business Day period referred to in the next sentence has lapsed, the Holders who have timely elected to include Registrable Securities in such offering) in writing of such circumstance and the aggregate number of Registrable Securities, if any, that can be included in such offering. Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 3.1 hereof and confirmation of receipt of such notice shall be confirmed and kept confidential by requested in the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madenotice. Each such The Holder will have four (4) two Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten OfferingPiggyback Registration. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, USWS shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company USWS may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company USWS of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company USWS requesting that such Holder not receive notice from the Company USWS of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by USWS pursuant to this Section 2.02(a2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 7 contracts

Samples: Registration Rights Agreement (U.S. Well Services, Inc.), Registration Rights Agreement (Crestview Partners III GP, L.P.), Registration Rights Agreement (U.S. Well Services, Inc.)

Participation. If at any time the Company proposes to file (i) at a time when the Company is not a WKSI, a Registration Statement (other than and such Holder has not previously included its Registrable Securities in a Registration Statement contemplated by Section 2.01(a)2.1(a) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)this Agreement that is currently effective, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective “automatic” registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or the account of another Person, other than (a) a registration relating solely to employee benefit plans, (b) a registration relating solely to a Rule 145 transaction, or (c) a registration on any registration form which does not permit secondary sales, then the Company shall give not less than four (4) three Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least ) owning more than $15 32.5 million of Common Share Registrable Securities Units, calculated on the basis of the Purchased Unit Price, and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (Aaa) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 20 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange NYSE for the shares of Common Stock Units for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (Bbb) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b2.2(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made3.1. Each such Holder will have four (4) two Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to specifically request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten OfferingPiggyback Registration. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1AA) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2BB) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Company pursuant to this Section 2.02(a2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 4 contracts

Samples: Registration Rights Agreement, Registration Rights Agreement (EnLink Midstream Partners, LP), Registration Rights Agreement (EnLink Midstream, LLC)

Participation. If at any time So long as a Holder has Common Unit Registrable Securities, if the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement to an effective shelf registration statement relating to the sale of shares equity securities of Common Stock by any Other Holders to an effective registration statementthe Partnership for its own account or that of another Person, so long as the Company is or both, other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01(a) and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten Offering for its own account or that of another Person, or both, then promptly following the selection of the Managing Underwriter for such Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 million the Piggyback Threshold Amount of the then-outstanding Common Share Unit Registrable Securities (calculated based on the Common Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Unit Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (A) the Company Partnership shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 million the Piggyback Threshold Amount of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Unit Registrable Securities owned by the average of the closing price (based on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticeUnit Price), or such lesser amount if it constitutes the remaining holdings of the Holder such Holder, and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Unit Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (x) if no Common Unit Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (y) if any Common Unit Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) five Business Days (or two (2) three Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Unit Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities as part of such Underwritten Offering for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Unit Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 4 contracts

Samples: Registration Rights Agreement (NGL Energy Partners LP), Purchase Agreement (NGL Energy Partners LP), Registration Rights Agreement (NGL Energy Partners LP)

Participation. If at any time the Company Eagle Rock proposes to file (i) a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf 2.01 of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)this Agreement, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentregistration statement, in each either case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, then the Company shall give as soon as practicable but not less than four three Business Days prior to the filing of (4x) Business Days’ any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (y) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (z) such registration statement, as the case may be, then Eagle Rock shall give notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Eagle Rock has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b)) of this Agreement. Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four three (43) Business Days after receiving such notice to request inclusion of Registrable Securities in the Underwritten Offering, except that such Holder shall have one (or two (21) Business Days in connection with any overnight or bought Underwritten Offering) Day after such Piggyback Notice has been delivered Holder confirms receipt of the notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersin the case of a “bought deal” or “overnight transaction” where no preliminary prospectus is used. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Eagle Rock shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Eagle Rock may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company Eagle Rock of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such offering. No Holder shall be entitled to participate in any such Underwritten OfferingOffering under this Section 2.02(a) unless such Holder (together with any Affiliate of such Holder) participating therein held at least $10,000,000 of Purchased Common Units as of the Closing Date. Any Notwithstanding the foregoing, any Holder may deliver written notice (a an Piggyback Opt-Opt Out Notice”) to the Company Eagle Rock requesting that such Holder not receive notice from the Company Eagle Rock of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofnotice.

Appears in 4 contracts

Samples: Common Unit Purchase Agreement (Eagle Rock Energy Partners L P), Registration Rights Agreement (Eagle Rock Energy Partners L P), Registration Rights Agreement (Eagle Rock Energy Partners L P)

Participation. If at any time the The Company proposes shall promptly give written notice to file (i) a Registration Statement (all other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Eligible Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing upon receipt of a post-effective amendment, in each case, request for the sale of shares of Common Stock by Other Holders in an Underwritten Offering, then the Company shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day Demand Registration pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the 2(a) above. Such other Eligible Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company and the Initiating Holder, within thirty (30) business days of the Company's notice, elect to join in a request for a Demand Registration pursuant to Section 2(a) above, with respect to any number of shares of Registrable Securities owned by such withdrawal at least one Eligible Holder. The Registrable Securities of the other Eligible Holders being offered in such Demand Registration shall be treated pari passu with the Registrable Securities being offered by the Initiating Holder for all purposes including "underwriter's cutbacks" under subsection (1e) Business Day prior of this Section and any such request by an Eligible Holder shall not be treated as either a request by such Eligible Holder for a Piggyback Registration under Section 3 or as a request by such Eligible Holder for a Demand Registration under this Section 2. The Company shall include in such Demand Registration such shares of Registrable Securities for which it has received written requests to the time of pricing of register such Underwritten Offering. Any Holder may deliver shares within thirty (30) days after such written notice (a “Piggyback Opt-Out Notice”) to has been given, provided that all the Company requesting that Registrable Securities for which the Initiating Holder and the other Eligible Holders have requested registration shall be covered by such Holder not receive notice from the Company of registration statement before any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writingother securities are included. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked)In addition, the Company shall not be required to deliver any promptly give written notice to all eligible Holders upon receipt of a request for a demand registration by any Person (such Holder Person, the "Initiating Person") pursuant to this Section 2.02(aany other registration rights agreement with the Company (whether such other registration rights agreement is entered into before or after the date hereof). Each Eligible Holder may, by written notice to the Company, within thirty (30) and such Holder shall no longer be entitled business days of the Company's notice, elect to participate in Underwritten Offerings for Other Holders request a Demand Registration pursuant to this Section 2.02(a)2(a) above, unless such Piggyback Opt-Out Notice is revoked with respect to any shares of Registrable Securities owned by such Eligible Holder. The Registrable Securities of the Eligible Holders listed on Schedule B being offered in such Demand Registration shall each be deemed to have delivered treated pari passu with the registrable securities being offered by the Initiating Person for all purposes including "underwriter's cutbacks" and any such request by an Eligible Holder shall not be treated as either a request by such Eligible Holder for a Piggyback Opt-Out Notice Registration under Section 3 or as a request by such Eligible Holder for a Demand Registration under this Section 2. The Company shall include in such demand registration such shares of Registrable Securities for which it has received written requests to register such shares within thirty (30) days after such written notice has been given, provided that all the date hereofRegistrable Securities for which the Initiating Person and the Eligible Holders have requested registration shall be covered by such registration statement before any other securities are included.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Fieldworks Inc), Fieldworks Inc, Fieldworks Inc

Participation. If at any time So long as a Holder has Registrable Securities, if the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement, other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement to an effective shelf registration statement relating to the sale of shares equity securities of Common Stock by any Other Holders to an effective registration statementthe Partnership, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statementcontemplated by Section 2.01(a), or in any case in which and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten Offering for its own account or that of another Person, or both, then promptly following the selection of the Managing Underwriter for such Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 million the Piggyback Threshold Amount of Common Share the then-outstanding Registrable Securities (calculated based on the Unit Purchase Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (A) the Company Partnership shall not be required to offer provide such opportunity (A) to such if, in the aggregate, the Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million the Piggyback Threshold Amount of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price (based on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticeUnit Purchase Price), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares Common Units in the Underwritten Offering, then (x) if, in the opinion of Common Stock the Managing Underwriter, no Registrable Securities can be included in the Underwritten Offering, the Partnership shall not be required to offer such opportunity to the Holders or (y) if, in the opinion of the Managing Underwriter, any Registrable Securities can be included in the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) three Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering. If a Holder’s written request for inclusion is not received within the specified time, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason to delay or not to undertake such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities as part of such Underwritten Offering for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writingOffering. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked)Holder, the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 3 contracts

Samples: Convertible Preferred Unit Purchase Agreement (Mid-Con Energy Partners, LP), Registration Rights Agreement (Mid-Con Energy Partners, LP), Registration Rights Agreement (Mid-Con Energy Partners, LP)

Participation. If at any time the Company proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a2.1(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective “automatic” registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, other than (a) a registration relating solely to employee benefit plans, (b) a registration relating solely to a Rule 145 transaction, or (c) a registration on any registration form which does not permit secondary sales, then the Company shall give not less than four (4) three Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least ) owning more than $15 75 million of Common Share Registrable Securities Units, calculated on the basis of the Purchased Unit Price, and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (Aaa) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 37.5 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange NYSE for the shares of Common Stock Units for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (Bbb) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing timing, or distribution of the shares of Common Stock Units in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b2.2(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made3.1. Each such Holder will have four (4) two Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1AA) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2BB) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Company pursuant to this Section 2.02(a2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 3 contracts

Samples: Operating Agreement (EnLink Midstream, LLC), Registration Rights Agreement (EnLink Midstream, LLC), Operating Agreement (EnLink Midstream Partners, LP)

Participation. If at any time the The Company proposes shall promptly give written notice to file (i) a Registration Statement (all other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Eligible Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing upon receipt of a post-effective amendment, in each case, request for the sale of shares of Common Stock by Other Holders in an Underwritten Offering, then the Company shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day Demand Registration pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the 2(a) above. Such other Eligible Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company and the Initiating Holder, within thirty (30) business days of the Company's notice, elect to join in a request for a Demand Registration pursuant to Section 2(a) above, with respect to any number of shares of Registrable Securities owned by such withdrawal at least one Eligible Holder. The Registrable Securities of the other Eligible Holders being offered in such Demand Registration shall be treated pari passu with the Registrable Securities being offered by the Initiating Holder for all purposes including "underwriter's cutbacks" under subsection (1e) Business Day prior of this Section and any such request by an Eligible Holder shall not be treated as either a request by such Eligible Holder for a Piggyback Registration under Section 3 or as a request by such Eligible Holder for a Demand Registration under this Section 2. The Company shall include in such Demand Registration such shares of Registrable Securities for which it has received written requests to the time of pricing of register such Underwritten Offering. Any Holder may deliver shares within thirty (30) days after such written notice (a “Piggyback Opt-Out Notice”) to has been given, provided that all the Company requesting that Registrable Securities for which the Initiating Holder and the other Eligible Holders have requested registration shall be covered by such Holder not receive notice from the Company of registration statement before any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writingother securities are included. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked)In addition, the Company shall not be required to deliver any promptly give written notice to all eligible Holders upon receipt of a request for a demand registration by any Person (such Holder Person, the "Initiating Person") pursuant to this Section 2.02(aany other registration rights agreement with the Company (whether such other registration rights agreement is entered into before or after the date hereof). Each Eligible Holder may, by written notice to the Company, within thirty (30) and such Holder shall no longer be entitled business days of the Company's notice, elect to participate in Underwritten Offerings for Other Holders request a Demand Registration pursuant to this Section 2.02(a)2(a) above, unless such Piggyback Opt-Out Notice is revoked with respect to any shares of Registrable Securities owned by such Eligible Holder. The Registrable Securities of the Eligible Holders listed being offered in such Demand Registration shall be treated pari passu with the registrable securities being offered by the Initiating Person (unless such Initiating Person is a holder of Series B Preferred Stock, Warrants issued to Industrial Works Holding Co., LLC, or Common Stock obtained on Schedule B exercise or conversion thereof, in which case the securities proposed to be registered by such Initiating Person should be given priority) for all purposes including "underwriter's cutbacks" and any such request by an Eligible Holder shall each not be deemed to have delivered treated as either a request by such Eligible Holder for a Piggyback Opt-Out Notice Registration under Section 3 or as a request by such Eligible Holder for a Demand Registration under this Section 2. The Company shall include in such demand registration such shares of Registrable Securities for which it has received written requests to register such shares within thirty (30) days after such written notice has been given, provided that all the date hereofRegistrable Securities for which the Initiating Person and the Eligible Holders have requested registration shall be covered by such registration statement before any other securities are included.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Glenmount International L P), Securities Purchase Agreement (Fieldworks Inc), Securities Purchase Agreement (Fieldworks Inc)

Participation. If at In the event the Registrable Securities may not be disposed of without restriction pursuant to any time section of Rule 144 (or any similar provision then in effect) under the Company Securities Act, if the Partnership proposes to file (i) a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (ii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (includingwhich may include, but not limited towithout limitation, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns holds in the aggregate at least $15 5.0 million of Common Share the then-outstanding Registrable Securities (based on the Common Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (i) the Company Partnership shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 5.0 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price (based on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticeUnit Price), or such lesser amount (ii) if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madehereof. Each such Holder will described in the proviso of the immediately preceding sentence shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering. If no written request for inclusion from such a Holder is received within the specified time, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell include any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback . Each of the Holders on Schedule A hereto who has indicated it is delivering an Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.

Appears in 3 contracts

Samples: Registration Rights Agreement (Teekay LNG Partners L.P.), Registration Rights Agreement (Teekay Offshore Partners L.P.), Registration Rights Agreement (Teekay Offshore Partners L.P.)

Participation. If at any time the Company Partnership proposes to file during the Effectiveness Period (i) a Registration Statement (shelf registration statement other than a Shelf Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously Shelf Registration Statement contemplated by Section 2.01(a) and Holders may be included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering Underwritten Offering without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten Offering for its own account or that of another Person, or both, then as soon as practicable following the selection of the Managing Underwriter for such Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 million the Threshold Amount of Common Share the then-outstanding Registrable Securities and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (A) the Company Partnership shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 million the Threshold Amount of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (i) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (ii) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided pursuant to this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities as part of such Underwritten Offering for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 3 contracts

Samples: Registration Rights Agreement (Sanchez Midstream Partners LP), Purchase Agreement (Sanchez Production Partners LP), Registration Rights Agreement (Sanchez Production Partners LP)

Participation. If at any time the Company proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on its own behalf relating to the sale of Common Stock or on behalf of any other Person Persons who has have or has have been granted registration rights related to an Underwritten Offering (the “Other HolderHolders), ) or (ii) a prospectus supplement relating to the sale of shares of Common Stock by the Company or any Other Holders to an effective “automatic” registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by the Company or Other Holders in an Underwritten OfferingOffering (including an Underwritten Offering undertaken pursuant to Section 2.03), then the Company shall give not less than four (4) Business Days’ notice (or two Business Days in connection with any overnight or bought Underwritten Offering) (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least ) owning more than $15 75 million of Common Share Stock (determined by multiplying the number of Registrable Securities owned by the Purchased Preferred Stock Price) or, in the case of any of Stonepeak and its Affiliates, owning any Registrable Securities, and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to any such Holders other than any of Stonepeak and its Affiliates if the Holders, together with their Affiliates, do not offer a minimum of $15 50 million of Common Share Registrable Securities, Securities in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Purchased Preferred Stock for the ten (10) trading days preceding the date of such noticePrice ), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter Underwriter, acting in good faith, that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt 3.01. If practical in the context of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandonedcontemplated offering, which the Company shall use reasonable efforts to increase the length of the Piggyback Notice to provide more time for the applicable Holders to the Holders reasonably promptly after the final make an election to participate; provided, however, that any decision to abandon a proposed Underwritten Offering has been madeincrease the length of the Piggyback Notice for longer than two Business Days shall be in the sole discretion of the Company. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) ), or such longer period as may be specified by the Company, in its sole discretion, in the Piggyback Notice, after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake such an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 3 contracts

Samples: Registration Rights Agreement (Targa Resources Corp.), Registration Rights Agreement (Targa Resources Corp.), Registration Rights Agreement (Targa Resources Corp.)

Participation. If the Company at any time the Company proposes to file a Registration Statement with respect to any offering of Company Shares for its own account or for the account of any other Persons (other than (i) a Registration Statement under Section 3.01 or Section 3.02, it being understood that this clause (other than a Registration Statement contemplated by i) does not limit the rights of Holders to make written requests pursuant to Section 2.01(a)) on behalf of any other Person who has 3.01 or has been granted registration rights related to an Underwritten Offering (Section 3.02 or otherwise limit the “Other Holder”)applicability thereof, or (ii) a prospectus supplement Registration Statement on Form S-4 or S-8 (or such other similar successor forms then in effect under the Securities Act), (iii) a registration of securities solely relating to an offering and sale to employees, directors or consultants of the sale of shares of Common Stock Company or its Subsidiaries pursuant to any employee stock plan or other employee benefit plan arrangement, (iv) a registration not otherwise covered by any Other Holders clause (iii) above pursuant to an effective registration statement, so long as which the Company is offering to exchange its own securities for other securities or (v) a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement relating solely to dividend reinvestment or are included on an effective similar plans) (a “Company Public Sale”), then, (A) as soon as practicable (but in no event less than 10 days prior to the proposed date of filing of such Registration Statement), or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offering, then the Company shall give not less than four (4) Business Days’ written notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering filing to each Holder that, together with its Affiliates, owns at least $15 million Investor Holdco and all Demand Parties and shall offer Investor Holdco and all Demand Parties the opportunity to Register under such Registration Statement such number of Common Share Registrable Securities as Investor Holdco and such Piggyback Notice Demand Parties may request in writing (provided that the number of Registrable Securities Registered by Investor Holdco pursuant to this Section 3.03(a) shall be pro rata among members of Investor Holdco based on the Registrable Securities beneficially owned by each such member of Investor Holdco, unless such member of Investor Holdco otherwise directs Investor Holdco to include less than its pro rata share of Registrable Securities in accordance with Section 2.02) delivered to the Company within ten (10) days of delivery of such written notice by the Company, and (B) subject to Section 3.03(c), as soon as practicable after the expiration of such 10-day period (but in no event less than fifteen (15) days prior to the proposed date of filing of such Registration Statement), the Company shall give written notice of such proposed filing to the remaining Holders, and such notice shall offer each such Holder the opportunity to include in Register under such Underwritten Offering for Other Holders Registration Statement such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing within ten (10) days of delivery of such written notice by the Company. Subject to Section 3.03(b) and (c), the Company shall include in such Registration Statement all such Registrable Securities that are requested by Holders to be included therein in compliance with the immediately foregoing sentence (a “Piggyback Registration”); provided, however, provided that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders Register any equity securities and prior to the pricing effective date of the Registration Statement filed in connection with such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementPiggyback Registration, the Company mayshall determine for any reason not to Register or to delay Registration of the equity securities covered by such Piggyback Registration, at its election, the Company shall give written notice of such determination to the Selling Holders each Holder that had requested to Register its, his or her Registrable Securities in such Registration Statement and, thereupon, (1) in the case of a termination of such Underwritten Offeringdetermination not to Register, shall be relieved of its obligation to sell Register any Included Registrable Securities in connection with such terminated Underwritten OfferingRegistration, without prejudice, however, to the rights of a Demand Party, to request that such Registration be effected as a Demand Registration under Section 3.01, and (2) in the case of a determination to delay Registering, in the absence of a request by a Demand Party, that such Underwritten OfferingRegistration be effected as a Demand Registration under Section 3.01, shall be permitted to delay offering Registering any Included Registrable Securities Securities, for the same period as the delay in Registering the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering other equity securities covered by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writingRegistration. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked)If the offering pursuant to such Registration Statement is to be underwritten, the Company shall not be required to deliver any so advise the Holders as a part of the written notice to such given pursuant this Section 3.03(a), and each Holder making a request for a Piggyback Registration pursuant to this Section 2.02(a3.03(a) must, and the Company shall make such arrangements with the managing underwriter or underwriters so that each such Holder may, participate in such Underwritten Offering, subject to the conditions of Section 3.03(b) and (c). If the offering pursuant to such Holder Registration Statement is to be on any other basis, the Company shall no longer be entitled to participate in Underwritten Offerings for Other so advise the Holders as part of the written notice given pursuant to this Section 2.02(a3.03(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall and each be deemed to have delivered Holder making a request for a Piggyback Opt-Out Notice as Registration pursuant to this Section 3.03(a) must, and the Company shall make such arrangements so that each such Holder may, participate in such offering on such basis, subject to the conditions of Section 3.03(b) and (c). Each Holder shall be permitted to withdraw all or part of its Registrable Securities from a Piggyback Registration at any time prior to the date hereofeffectiveness of such Registration Statement.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (C&J Energy Services, Inc.), Stockholders’ Agreement (Nextier Oilfield Solutions Inc.), Agreement and Plan of Merger (Keane Group, Inc.)

Participation. If at any time the Company xxxx Xxxxxx proposes to file (i) a Registration Statement (shelf registration statement other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)2.1, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statementcontemplated by Section 2.1, or in any case in which and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto that requires Seller to request acceleration of the same from the SEC, or (iii) a registration statement, other than a shelf registration statement, in each any case, for the sale of shares of Preferred Stock or Common Stock in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of counsel by Other Holders Seller to prepare the documents to be used in connection with an Underwritten Offering, then the Company Seller shall give not less than four (4) Business Days’ written notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share holding outstanding Registrable Securities and such Piggyback Notice notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Seller has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing (other than by reason of the notice periods set forth herein) or distribution of the shares of Preferred Stock or Common Stock in such the Underwritten Offering, then (a) Seller shall not be required to offer such opportunity to the Holders, in which case Seller shall provide the Holders written advisement of their exclusion (which notice need not include any explanation of the reasons for the exclusion) from the Underwritten Offering no later than 24 hours after the pricing of the Underwritten Offering, or (b) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b2.2(b), in which case Seller shall provide the Holders written advisement of their reduced participation (which notice need not include any explanation of the reasons for the reduced participation) in the Underwritten Offering no later than 24 hours after the pricing of the Underwritten Offering. Each Piggyback Notice Any notice required to be provided in this Section 2.2(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 3.1 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either Holder (x) provided that the failure of the Holder to confirm receipt shall not affect the validity or timing of delivery of such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madenotice). Each such Holder will shall have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice written notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Seller shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Seller may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Seller of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Freeport McMoran Copper & Gold Inc), Registration Rights Agreement (McMoran Exploration Co /De/), Registration Rights Agreement (Freeport McMoran Copper & Gold Inc)

Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), statement or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously Shelf Registration Statement and Holders may be included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in offering to which Holders may participate in such offering prospectus supplement relates without the filing of a post-effective amendmentamendment to such Shelf Registration Statement, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of counsel by the Partnership to prepare the documents to be used in connection with such Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification which may be given by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns holding at least $15 one million of Common Share Registrable Securities (subject to adjustment in accordance with Section 3.04) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities that are Fungible Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b2.03(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant Subject to Section 3.01 and receipt of 2.03(b), the Partnership shall include in such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company all included Registrable Securities that such proposed Underwritten Offering has been abandoned, are Fungible Securities with respect to which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering Partnership has been made. Each such Holder will have four (4) Business Days (or received requests within two (2) Business Days (or one (1) Business Day in connection with any overnight a “bought deal” or bought an “overnight” Underwritten Offering) after such Piggyback Notice the Partnership’s notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersaccordance with Section 3.01. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, Offering and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 2 contracts

Samples: Registration Rights Agreement (Foresight Energy LP), Registration Rights Agreement (Foresight Energy LP)

Participation. If at any time So long as a Holder has Common Stock Registrable Securities, if the Company proposes to file (i) a Registration Statement (shelf registration statement other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement to an effective shelf registration statement relating to the sale of shares equity securities of Common Stock by any Other Holders to an effective registration statement, so long as the Company is for its own account or that of another Person, or both, other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01(a) and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offering for its own account or that of another Person, or both, then promptly following the selection of the Managing Underwriter for such Underwritten Offering, then the Company shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 million the Piggyback Threshold Amount of the then-outstanding Common Share Stock Registrable Securities (calculated based on the Common Stock Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Stock Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (A) the Company shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares Piggyback Threshold Amount of Common Stock for Registrable Securities (based on the ten (10) trading days preceding the date of such noticeCommon Stock Price), or such lesser amount if it constitutes the remaining holdings of the Holder such Holder, and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Stock Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such the Underwritten Offering, then (x) if no Common Stock Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Company shall not be required to offer such opportunity to the Holders, or (y) if any Common Stock Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Stock Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) five Business Days (or two (2) three Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Stock Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities as part of such Underwritten Offering for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Stock Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Company pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 2 contracts

Samples: Registration Rights Agreement (Great Ajax Corp.), Registration Rights Agreement (Great Ajax Corp.)

Participation. If at any time So long as a Holder has Registrable Securities, if the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously Registration Statement contemplated by Section 2.01(a) of this Agreement and Holders may be included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering Underwritten Offering without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten Offering for its own account or that of another Person, or both, then as soon as practicable following the selection of the Managing Underwriter for such Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 million the Piggyback Threshold Amount of the then-outstanding Common Share Unit Registrable Securities (calculated based on the Common Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Unit Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (A) the Company Partnership shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 million the Piggyback Threshold Amount of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Unit Registrable Securities owned by the average of the closing price (based on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticeUnit Price), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Unit Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (i) if no Common Unit Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (ii) if any Common Unit Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Unit Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities as part of such Underwritten Offering for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Unit Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 2 contracts

Samples: Registration Rights Agreement (Crestwood Equity Partners LP), Registration Rights Agreement (Crestwood Midstream Partners LP)

Participation. If at In the event the Registrable Securities may not be disposed of without restriction pursuant to any time section of Rule 144 (or any similar provision then in effect) under the Company Securities Act, if the Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01(a) of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares LP Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 10.0 million of Common Share the then-outstanding Registrable Securities (based on the LP Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock LP Units in such the Underwritten Offering, then (A) the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed indicated on Schedule B A hereto shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.

Appears in 2 contracts

Samples: Registration Rights Agreement (Buckeye Partners, L.P.), Lp Unit Purchase Agreement (Buckeye Partners, L.P.)

Participation. If So long as a Unitholder has Registrable Securities, if at any time the Company proposes to file (i) a Registration Statement (other than registration statement and such Unitholder has not previously included its Registrable Securities in a Registration Statement contemplated by Section 2.01(a)2.1(a) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)this Agreement that is currently effective, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, statement so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously are included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders Unitholders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of EnLink Midstream Common Stock by Other Holders Units in an Underwritten Offeringunderwritten offering for its own account and/or another Person, other than (a) a registration relating solely to employee benefit plans, (b) a registration relating solely to a Rule 145 transaction, or (c) a registration statement on any registration form which does not permit secondary sales, then as soon as reasonably practicable following the engagement of counsel by the Company to prepare the documents to be used in connection with an underwritten offering, the Company shall give not less than four (4) Business Days’ notice (including, but not which may be limited to, to notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering underwritten offering to each Holder that, Unitholder (together with its Affiliates, owns ) holding at least $15 million of Common Share the then-outstanding Registrable Securities (calculated based on the volume-weighted average trading price of the EnLink Midstream Common Units for the 20 Business Days prior to the date of such notice) and such Piggyback Notice notice shall offer such Holder Unitholders the opportunity to include in such Underwritten Offering for Other Holders underwritten offering such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder Unitholder may request in writing (a “Piggyback Registration”)writing; provided, however, that (A) the Company shall not be required to offer provide such opportunity (A) unless the Unitholders propose to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securitiesoffer, in the aggregate (determined by multiplying the number aggregate, at least $50 million of Common Share Registrable Securities owned by (calculated based on the volume-weighted average trading price of the closing price on the National Securities Exchange EnLink Midstream Common Units for the shares of Common Stock for the ten (10) trading days preceding 20 Business Days prior to the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing managing Underwriter or Underwriters for such underwritten offering that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders the Unitholders will have an adverse effect on the price, timing or distribution of the shares EnLink Midstream Common Units in the underwritten offering, then (1) if no Registrable Securities can be included in the underwritten offering in the opinion of Common Stock the managing Underwriter or Underwriters, the Company shall not be required to offer such opportunity to the Unitholders or (2) if any Registrable Securities can be included in such Underwritten Offeringthe underwritten offering in the opinion of the managing Underwriter or Underwriters, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders Unitholders shall be determined based on in accordance with the provisions of Section 2.02(b2.1(d)(ii). Each Piggyback Notice Any notice required to be provided in this Section 2.2(a) to Unitholders shall be provided to Holders on a Business Day pursuant to Section 3.01 4.1 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeUnitholder. Each such Holder will Unitholder shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offeringunderwritten offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersunderwritten offering. If no written request for inclusion from a Holder Unitholder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder Unitholder shall have no further right to participate in such Underwritten Offeringunderwritten offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders underwritten offering and prior to the pricing closing of such Underwritten Offeringunderwritten offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreementunderwritten offering, the Company may, at its election, give written notice of such determination to the Selling Holders Unitholders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offeringunderwritten offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offeringunderwritten offering, and (2y) in the case of a determination to delay such Underwritten Offeringunderwritten offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offeringunderwritten offering. Any Selling Holder Unitholder shall have the right to withdraw such Selling HolderUnitholder’s request for inclusion of such Selling HolderUnitholder’s Common Share Registrable Securities in such Underwritten Offering underwritten offering by giving written notice to the Company of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offeringunderwritten offering. Any Holder Unitholder participating in an Underwriting Offering pursuant to this Section 2.2 shall be a “Participating Unitholder” for the purposes of this Agreement. Any Unitholder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company requesting that such Holder Unitholder not receive notice from the Company of any proposed Underwritten Offering for Other Holdersunderwritten offering; provided, however, that such Holder Unitholder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder Unitholder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder Unitholder pursuant to this Section 2.02(a2.2(a) and such Holder Unitholder shall no longer be entitled to participate in Underwritten Offerings for Other Holders underwritten offerings by the Company pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof2.2.

Appears in 2 contracts

Samples: Registration Rights Agreement (EnLink Midstream, LLC), Registration Rights Agreement (Devon Energy Corp/De)

Participation. If at any time If, the Company proposes to file (i) a Registration Statement (shelf registration statement other than a Registration Statement the registration statements contemplated by Section 2.01(a)Sections 4.01(a) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”and 4.01(b), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which registration statements contemplated by Sections 4.01(a) and 4.01(b) of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares of Common Stock in an Underwritten Offering for its own account or for the account of another stockholder of the Company, then as soon as practicable following the engagement of counsel by Other Holders the Company to prepare the documents to be used in connection with an Underwritten Offering, then the Company shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 5.0 million of Common Share the then-outstanding Registrable Securities (based on the VWAP Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share such Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such the Underwritten Offering, then (A) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Company shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b4.02(b). Each Piggyback Notice Any notice required to be provided in this Section 4.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 5.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four five (45) Business Days (or two one (21) Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a4.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Company pursuant to this Section 2.02(a4.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 2 contracts

Samples: Buy Back Agreement (Penn Virginia Corp), Buy Back Agreement (Magnum Hunter Resources Corp)

Participation. If at any time So long as a Holder holds Registrable Securities, if the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statementcontemplated by Section 2.01(a), or in any case in which Holders may participate in such offering without the filing of (iii) a post-effective amendmentregistration statement, other than a shelf registration statement, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account or that of another Person, or both, and Holders may be included in such Underwritten Offering without the filing of a post-effective amendment thereto, then the Company Partnership shall give not less than four (4) three Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least ) owning more than $15 10 million of Common Share Registrable Securities Securities, calculated on the basis of the Purchased Unit Price (the “Tag-Along Holders”), and such Piggyback Notice shall offer such Tag-Along Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Tag-Along Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such Tag-Along Holders if the Tag-Along Holders, together with their Affiliates, do not offer a minimum of $15 10 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange NYSE for the shares of Common Stock Units for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Tag-Along Holders if and to the extent that the Company Partnership has been advised in writing by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Tag-Along Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Tag-Along Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Tag-Along Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Tag-Along Holders until either (x) such proposed Underwritten Offering has been is (x) publicly announced by the Company or (y) the Holders have such Tag-Along Holder received notice from the Company that such proposed Underwritten Offering has been abandoned, which such abandonment notice shall be provided promptly by the Company shall provide Partnership to each Tag-Along Holder but no later than 14 days after delivery of the Holders reasonably promptly after the final decision Piggyback Notice to abandon a proposed Underwritten Offering has been madeTag-Along Holders. Each such Tag-Along Holder will have four (4) two Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Tag-Along Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Tag-Along Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 2 contracts

Samples: Registration Rights Agreement (KNOT Offshore Partners LP), Registration Rights Agreement (KNOT Offshore Partners LP)

Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statementcontemplated by Section 2.01(a), or in any case in which and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 25.0 million of Common Share the then-outstanding Registrable Securities (calculated based on the Common Unit Price) (the “Threshold Amount”) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders Holder until either (x) such proposed Underwritten Offering has been is (i) publicly announced by the Company or (yii) the Holders have received such Holder receives notice from the Company that such proposed Underwritten Offering has been abandoned, which such notice shall be provided promptly by the Company shall provide Partnership to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeeach Holder. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought deal Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities as part of such Underwritten Offering for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed indicated on Schedule B A hereto as having opted out shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.

Appears in 2 contracts

Samples: Registration Rights Agreement (Energy Transfer Equity, L.P.), Common Unit Purchase Agreement (Energy Transfer Equity, L.P.)

Participation. If at any time the Company proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on its own behalf relating to the sale of Common Stock or on behalf of any other Person Persons who has have or has have been granted registration rights related to an Underwritten Offering (the “Other HolderHolders), ) or (ii) a prospectus supplement relating to the sale of shares of Common Stock by the Company or any Other Holders to an effective “automatic” registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in the case of each caseof clause (i) and (ii), for the sale of shares of Common Stock by the Company or Other Holders in an Underwritten OfferingOffering (including an Underwritten Offering undertaken pursuant to Section 2.03), then the Company shall give not less than four (4) Business Days’ notice (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to Stonepeak Purchasers and their respective Affiliates and to each other Holder that, (together with its Affiliates, owns at least ) owning more than $15 25 million of Common Share Stock (determined by multiplying the number of Registrable Securities owned by the Purchased Common Stock Price), and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to any such Holders (other than any Stonepeak Purchaser and any of such Stonepeak Purchaser’s respective Affiliates) if the such Holders, together with their Affiliates, do not offer a minimum of $15 10 million of Common Share Registrable Securities, Securities in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Purchased Common Stock for the ten (10) trading days preceding the date of such noticePrice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such any Holders if and to the extent that the Company has been advised by the Managing Underwriter Underwriter, acting in good faith, that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then in which case the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt 3.01. If practical in the context of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandonedcontemplated offering, which the Company shall use reasonable efforts to increase the length of the Piggyback Notice to provide more time for the applicable Holders to the Holders reasonably promptly after the final make an election to participate; provided, however, that any decision to abandon a proposed Underwritten Offering has been madeincrease the length of the Piggyback Notice for longer than two Business Days shall be in the sole discretion of the Company. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.or

Appears in 2 contracts

Samples: Registration Rights Agreement (Evolve Transition Infrastructure LP), Registration Rights Agreement (Evolve Transition Infrastructure LP)

Participation. If at any time the Company Partnership proposes to file during the Effectiveness Period (i) a Registration Statement (shelf registration statement other than a Shelf Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously Shelf Registration Statement contemplated by Section 2.01(a) and Holders may be included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering Underwritten Offering without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten Offering for its own account or that of another Person, or both, then as soon as practicable following the selection of the Managing Underwriter for such Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 million the Piggyback Threshold Amount of Common Share the then-outstanding Registrable Securities (calculated based on the Common Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (A) the Company Partnership shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 million the Piggyback Threshold Amount of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price (based on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticeUnit Price), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the amount, price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (i) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (ii) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided pursuant to this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities as part of such Underwritten Offering for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a). Notwithstanding anything in this Agreement to the contrary, unless such Piggyback Opt-Out Notice is revoked Holders under this Agreement shall not be entitled to participate in a demand registration or a “shelf takedown” with respect to the Existing Registration Rights Agreements in connection with registrations or offerings by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as “Holders” under either of the date hereofExisting Registration Rights Agreements or the registration statements, prospectuses and prospectus supplements filed in connection therewith.

Appears in 2 contracts

Samples: Registration Rights Agreement (Sanchez Production Partners LP), Registration Rights Agreement (Sanchez Production Partners LP)

Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock Units by any Other Holders to an effective registration statement, so long as the Company Partnership is a WKSI at such time or, whether or not the Company Partnership is a WKSI, so long as the Common Share Unit Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock Units by Other Holders in an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 25 million of Common Share Unit Registrable Securities and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Unit Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 25 million of Common Share Unit Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Unit Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock Units for the ten (10) 10 trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Unit Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then the amount of Common Share Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company Partnership or (y) the Holders have received notice from the Company Partnership that such proposed Underwritten Offering has been abandoned, which the Company Partnership shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company Partnership the inclusion of Common Share Unit Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company Partnership within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the CompanyPartnership’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Unit Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 2 contracts

Samples: Registration Rights Agreement (Equitrans Midstream Corp), Registration Rights Agreement (EQM Midstream Partners, LP)

Participation. If at any time the Company proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on its own behalf relating to the sale of Common Stock or on behalf of any other Person Persons who has have or has have been granted registration rights related to an Underwritten Offering (the “Other HolderHolders), ) or (ii) a prospectus supplement relating to the sale of shares of Common Stock by the Company or any Other Holders to an effective “automatic” registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by the Company or Other Holders in an Underwritten OfferingOffering (including an Underwritten Offering undertaken pursuant to Section 2.03), then the Company shall give not less than four (4) Business Days’ notice (or two Business Days in connection with any overnight or bought Underwritten Offering) (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least ) owning more than $15 75 million of Common Share Stock (determined by multiplying the number of Registrable Securities owned by the Purchased Preferred Stock Price) or, in the case of any of Stonepeak and its Affiliates, owning any Registrable Securities, and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to any such Holders other than any of Stonepeak and its Affiliates if the Holders, together with their Affiliates, do not offer a minimum of $15 50 million of Common Share Registrable Securities, Securities in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Purchased Preferred Stock for the ten (10) trading days preceding the date of such noticePrice ), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter Underwriter, acting in good faith, that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt 4.01. If practical in the context of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandonedcontemplated offering, which the Company shall use reasonable efforts to increase the length of the Piggyback Notice to provide more time for the applicable Holders to the Holders reasonably promptly after the final make an election to participate; provided, however, that any decision to abandon a proposed Underwritten Offering has been madeincrease the length of the Piggyback Notice for longer than two Business Days shall be in the sole discretion of the Company. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) ), or such longer period as may be specified by the Company, in its sole discretion, in the Piggyback Notice, after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake such an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 2 contracts

Samples: Registration Rights Agreement (Targa Resources Corp.), Registration Rights Agreement (Targa Resources Corp.)

Participation. If at In the event those Registrable Securities that are LP Units may not be disposed of without restriction pursuant to any time section of Rule 144 (or any similar provision then in effect) under the Company Securities Act, if the Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01(a) of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares LP Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 10.0 million of Common Share the then-outstanding Registrable Securities that are LP Units (based on the LP Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities that are LP Units (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share such Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock LP Units in such the Underwritten Offering, then (A) the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities that are LP Units can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share such Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share those Registrable Securities that are LP Units in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed indicated on Schedule B A hereto shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.

Appears in 2 contracts

Samples: Class B Unit Purchase Agreement (Buckeye Partners, L.P.), Registration Rights Agreement (Buckeye Partners, L.P.)

Participation. If at any time the Company Linn Energy proposes to file (i) a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf 2.01 of any other Person who has or has been granted this Agreement and the registration rights related to an Underwritten Offering (statement covering the “Other Holder”)units held by the June 2007 Holders, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentregistration statement, in each either case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, then the Company shall give as soon as practicable but not less than four three Business Days prior to the filing of (4x) Business Days’ any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (y) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (z) such registration statement, as the case may be, then Linn Energy shall give notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Linn Energy has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b)) of this Agreement. Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) three Business Days (or two (2) Business Days after receiving such notice to request inclusion of Registrable Securities in connection with any overnight or bought the Underwritten Offering) , except that such Holder shall have one Business Day after such Piggyback Notice has been delivered Holder confirms receipt of the notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersin the case of a “bought deal” or “overnight transaction” where no preliminary prospectus is used. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Linn Energy shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Linn Energy may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company Linn Energy of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Each Holder’s rights under this Section 2.02(a) shall terminate when such Holder (together with any Affiliates of such Holder) holds less than $40 million of Purchased Class D Units (or Units issued upon conversion of the Class D Units) and Purchased Units, based on the Commitment Amounts. Notwithstanding the foregoing, any Holder may deliver written notice (a an Piggyback Opt-Opt Out Notice”) to the Company Linn Energy requesting that such Holder not receive notice from the Company Linn Energy of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofnotice.

Appears in 2 contracts

Samples: Registration Rights Agreement (Linn Energy, LLC), Class D Unit and Unit Purchase Agreement (Linn Energy, LLC)

Participation. If at any time the Company Partnership proposes to file undertake a (i) a primary Underwritten Offering within three years from the date the Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has becomes or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), is declared effective or (ii) a prospectus supplement relating to the sale of shares secondary Underwritten Offering of Common Stock Units by any Other Holders to an effective registration statementUSA Compression Holdings, so long as the Company is a WKSI at such time or, whether LLC or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offeringits successors, then as soon as practicable following the Company engagement of counsel by the Partnership to prepare the documents to be used in connection with either clause (i) or clause (ii) above, the Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 25.0 million of Common Share the then-outstanding Registrable Securities and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company number of Included Registrable Securities shall at least equal $25.0 million of Registrable Securities; provided, further, that the Partnership shall not be required in connection with clause (ii) above to offer such opportunity (A) include the Registrable Securities of the Holders in any registration statement prior to such Holders the expiration of the lock-up agreement as set forth in the Distribution Reinvestment and Lock-Up Agreement by and between the Partnership and the holders party thereto; and provided, further, that if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b2.2(b). Each Piggyback Notice Any notice required to be provided in this Section 2.2(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 3.1 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) two Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 2 contracts

Samples: Contribution Agreement (USA Compression Partners, LP), Registration Rights Agreement (USA Compression Partners, LP)

Participation. If at any time the Company Atlas Pipeline Holdings proposes to file (i) a shelf registration statement other than the Registration Statement (other than in which event Atlas Pipeline Holdings covenants and agrees to include thereon a Registration Statement contemplated by Section 2.01(a)) on behalf description of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”transaction under which the Purchasers acquired the Registrable Securities), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01 of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each either case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, then the Company shall give as soon as practicable but not less than four three Business Days prior to the filing of (4x) Business Days’ the initial preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (y) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (z) such registration statement, as the case may be, then Atlas Pipeline Holdings shall give notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities Units (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Atlas Pipeline Holdings has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b)) of this Agreement. Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) three Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after receiving such Piggyback Notice has been delivered notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Atlas Pipeline Holdings shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Atlas Pipeline Holdings may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company Atlas Pipeline Holdings of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Each Holder’s rights under this Section 2.02(a) shall terminate when such Holder (together with any Affiliates of such Holder) holds less than $2 million, in aggregate, of Registrable Securities, based on the Unit Price. Notwithstanding the foregoing, any Holder may deliver written notice (a an Piggyback Opt-Opt Out Notice”) to the Company Atlas Pipeline Holdings requesting that such Holder not receive notice from the Company Atlas Pipeline Holdings of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofnotice.

Appears in 2 contracts

Samples: Registration Rights Agreement (Atlas Pipeline Holdings, L.P.), Common Unit Purchase Agreement (Atlas Pipeline Holdings, L.P.)

Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person Holder who has or has been granted registration rights related to an Underwritten Offering undertaken pursuant to Section 2.03 (the “Other Holder”), or (ii) following the Series A Conversion Date, a prospectus supplement relating to the sale of shares of Common Stock Units by any Other Holders to an effective “automatic” registration statement, so long as the Company Partnership is a WKSI at such time or, whether or not the Company Partnership is a WKSI, so long as the Common Share Unit Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock Units by Other Holders in an Underwritten OfferingOffering undertaken pursuant to Section 2.03, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least $15 million of ) owning Common Share Unit Registrable Securities and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Unit Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 50 million of Common Share Unit Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Unit Registrable Securities owned by the average of the closing price on the National Securities Exchange NYSE for the shares of Common Stock Units for the ten (10) 10 trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Unit Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then the amount of Common Share Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company Partnership or (y) the Holders have received notice from the Company Partnership that such proposed Underwritten Offering has been abandoned, which the Company Partnership shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company Partnership the inclusion of Common Share Unit Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company Partnership within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the CompanyPartnership’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Unit Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 2 contracts

Samples: Registration Rights Agreement (MPLX Lp), Registration Rights Agreement (MPLX Lp)

Participation. If at any time the Company Atlas Pipeline Partners proposes to file (i) a shelf registration statement other than the Registration Statement (other than in which event Atlas Pipeline Partners covenants and agrees to include thereon a Registration Statement contemplated by Section 2.01(a)) on behalf description of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”transaction under which the Purchasers acquired the Registrable Securities), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01 of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each either case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, then the Company shall give as soon as practicable but not less than four three Business Days prior to the filing of (4x) Business Days’ the initial preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (y) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (z) such registration statement, as the case may be, then Atlas Pipeline Partners shall give notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities Units (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Atlas Pipeline Partners has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b)) of this Agreement. Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) three Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after receiving such Piggyback Notice has been delivered notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Atlas Pipeline Partners shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Atlas Pipeline Partners may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company Atlas Pipeline Partners of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Each Holder’s rights under this Section 2.02(a) shall terminate when such Holder (together with any Affiliates of such Holder) holds less than $15 million, in aggregate, of Registrable Securities, based on the Unit Price. Notwithstanding the foregoing, any Holder may deliver written notice (a an Piggyback Opt-Opt Out Notice”) to the Company Atlas Pipeline Partners requesting that such Holder not receive notice from the Company Atlas Pipeline Partners of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofnotice.

Appears in 2 contracts

Samples: Common Unit Purchase Agreement (Atlas Pipeline Holdings, L.P.), Registration Rights Agreement (Atlas Pipeline Partners Lp)

Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01(a) of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 25 million of Common Share the then-outstanding Registrable Securities (based on the Purchase Price per Common Unit under the Purchase Agreement) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) two Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed indicated on Schedule B A hereto as having opted out shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.

Appears in 2 contracts

Samples: Common Unit Purchase Agreement (American Midstream Partners, LP), Registration Rights Agreement (American Midstream Partners, LP)

Participation. If ETE at any time the Company proposes to file (i) a Registration Statement (other than registration statement or a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted prospectus supplement to an effective registration rights related statement with respect to an Underwritten Offering of Common Units for its own account or to register any Common Units for its own account for sale to the public in an Underwritten Offering other than (the “Other Holder”)x) a registration relating solely to employee benefit plans, (y) a registration relating solely to a Rule 145 transaction, or (iiz) a prospectus supplement relating registration on any registration form which does not permit secondary sales or does not include substantially the same information as would be required to be included in a registration statement covering the sale of shares Registrable Securities, then, as soon as practicable following the engagement of Common Stock by any Other Holders counsel to an effective registration statement, so long as ETE to prepare the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included documents to be used in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in connection with an Underwritten Offering, then the Company ETE shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company ETE shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company ETE has been advised by the a Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units. Subject to the preceding sentence and subject to Section 2.02(b), ETE shall include in such Underwritten Offering, then the amount of Common Share Offering all such Registrable Securities (“Included Registrable Securities”) with respect to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such which ETE has received requests within ten days after ETE’s notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersaccordance with Section 7.01. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten OfferingPiggyback Registration. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, ETE shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company ETE may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company ETE of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Notwithstanding the foregoing, any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company ETE requesting that such Holder not receive notice from the Company ETE of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofnotice.

Appears in 2 contracts

Samples: Unitholder Rights and Restrictions Agreement (Energy Transfer Equity, L.P.), Unitholder Rights and Restrictions Agreement (Enterprise GP Holdings L.P.)

Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Shelf Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)2.01, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentregistration statement, in each either case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account, then the Company shall give as soon as practicable but not less than four three (43) Business Days’ Days prior to the filing of (x) any preliminary prospectus supplement to a prospectus relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (y) the prospectus supplement to a prospectus relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (z) such registration statement, as the case may be, the Partnership shall give notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, howeverthat each such Holder shall keep all information relating to such Underwritten Offering in confidence and shall not make use of, disseminate or in any way disclose any such information; provided, further, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madehereof. Each such Holder will shall then have four (4) three Business Days (or two (2) Business Days after receiving such notice to request inclusion of Registrable Securities in connection with any overnight or bought the Underwritten Offering) , except that such Holder shall have one Business Day after such Piggyback Notice has been delivered Holder confirms receipt of the notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersin the case of a “bought deal” or “overnight transaction” where no preliminary prospectus is used. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Each Holder’s request for inclusion rights under this Section 2.02(a) shall terminate when such Holder (together with any Affiliates of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to ) holds less than $15 million of Purchased Units, based on the Company purchase price per unit under the Purchase Agreement. Notwithstanding the foregoing, any Holder holding greater than $15 million of such withdrawal at least one (1) Business Day prior to Purchased Units, based on the time of pricing of such Underwritten Offering. Any Holder purchase price per unit under the Purchase Agreement, may deliver written notice (a an Piggyback Opt-Opt Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, howeverthat, that such Holder may later revoke any such Piggyback Opt-Opt Out Notice in writingNotice. Following receipt of a Piggyback Opt-an Opt Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 2 contracts

Samples: Registration Rights Agreement (Universal Compression Partners, L.P.), Common Unit Purchase Agreement (Universal Compression Partners, L.P.)

Participation. If Within twenty (20) days after receipt of the Issuance Notice, each Investor may elect to purchase or otherwise acquire, at any time the price and on the terms specified in the Issuance Notice, up to that portion of such New Securities which equals the proportion that the number of Ordinary Shares ( assuming full conversion and exercise of all convertible or exercisable securities of the Company proposes to file (iheld by such Investor) a Registration Statement (other than a Registration Statement contemplated then held by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating such Investor bears to the sale total number of shares Ordinary Shares then outstanding ( assuming full conversion and exercise of Common Stock by any Other Holders to an effective registration statement, so long as all convertible or exercisable securities of the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offering, then the Company shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mailCompany) (the “Piggyback Pro Rata Portion”). Upon the expiration of such twenty (20) day period, the Company shall promptly notify in writing (the “Overallotment Notice”) each Investor that elects to purchase all the New Securities available to it ( each, a “Fully Exercising Investor”) of any other Investor’s failure to do likewise. Within ten (10) days after receipt of the Overallotment Notice, each Fully Exercising Investor shall be entitled to purchase or otherwise acquire, in addition to such proposed Underwritten Offering Investor’s Pro Rata Portion of the New Securities, any New Securities that any Investor had the right to each Holder thatpurchase or otherwise acquire pursuant to this Section 8 but which were not so subscribed for by such Investor (in the aggregate, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Unsubscribed New Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securitiesthat, in the aggregate (determined by multiplying event the Fully Exercising Investors elect to purchase more than the total number of Common Share Registrable Unsubscribed New Securities, each Fully Exercising Investor that elects to purchase or otherwise acquire any Unsubscribed New Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw purchase or otherwise acquire that portion of the Unsubscribed New Securities which equals the proportion (the “Unsubscribed Pro Rata”) that the number of Ordinary Shares (assuming full conversion and exercise of all convertible or exercisable securities of the Company held by such Selling Holder’s request for inclusion of Fully Exercising Investor) then held by such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice Fully Exercising Investor bears to the Company total number of Ordinary Shares (assuming full conversion and exercise of all convertible or exercisable securities of the Company) then held by all Fully Exercising Investors who wish to purchase or otherwise acquire any Unsubscribed New Securities (with any Unsubscribed New Securities remaining after such withdrawal at least one (1) Business Day prior initial calculation due to any Fully Exercising Investor not electing to purchase its full Unsubscribed Pro Rata being apportioned to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (Fully Exercising Investors that elect to purchase more than their Unsubscribed Pro Rata on a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(aprorated basis), unless such Piggyback Opt-Out Notice another method of apportionment is revoked mutually agreed to by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofFully Exercising Investors.

Appears in 2 contracts

Samples: Investor Rights Agreement (ShouTi Inc.), Investor Rights Agreement (Structure Therapeutics Inc.)

Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person Holder, other than DRI or any of its Affiliates, who has or has been granted registration rights related to an Underwritten Offering undertaken pursuant to Section 2.03 (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock Units by any Other Holders to an effective “automatic” registration statement, so long as the Company Partnership is a WKSI at such time or, whether or not the Company Partnership is a WKSI, so long as the Common Share Unit Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock Units by Other Holders in an Underwritten OfferingOffering undertaken pursuant to Section 2.03, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, including notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least $15 million of ) owning Common Share Unit Registrable Securities and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Unit Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 25 million of Common Share Unit Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Unit Registrable Securities owned by the average of the closing price on the National Securities Exchange Average VWAP for the shares of Common Stock for the ten (10) trading days 10 Trading Days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or or, (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Unit Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then in which case the amount of Common Share Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company Partnership or (y) the Holders have received notice from the Company Partnership that such proposed Underwritten Offering has been abandoned, which the Company Partnership shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company Partnership the inclusion of Common Share Unit Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company Partnership within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the CompanyPartnership’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Unit Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 2 contracts

Samples: Registration Rights Agreement (Dominion Midstream Partners, LP), Registration Rights Agreement (Dominion Midstream Partners, LP)

Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), statement or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously Shelf Registration Statement and Holders may be included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in offering to which Holders may participate in such offering prospectus supplement relates without the filing of a post-effective amendmentamendment to such Shelf Registration Statement, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of counsel by the Partnership to prepare the documents to be used in connection with such Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, including notification by electronic mail) (the “Piggyback Notice”email) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns holding at least $15 million 2% of Common Share the then-outstanding Registrable Securities and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b2.03(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant Subject to Section 3.01 and receipt of 2.03(b), the Partnership shall include in such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that all such proposed Underwritten Offering has been abandoned, Registrable Securities with respect to which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering Partnership has been made. Each such Holder will have four (4) Business Days (or received requests within two (2) Business Days (or one (1) Business Day in connection with any overnight a “bought deal” or bought an “overnight” Underwritten Offering) after such Piggyback Notice the Partnership’s notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersaccordance with Section 3.01. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, Offering and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 2 contracts

Samples: Registration Rights Agreement (Arc Logistics Partners LP), Form of Registration Rights Agreement (Arc Logistics Partners LP)

Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01(a) of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 10.0 million of Common Share the then-outstanding Registrable Securities (based on the Purchase Price per Common Unit under the Purchase Agreement) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed indicated on Schedule B A hereto as having opted out shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.

Appears in 2 contracts

Samples: Registration Rights Agreement (DCP Midstream Partners, LP), Common Unit Purchase Agreement (DCP Midstream Partners, LP)

Participation. If at any time the Company CEI proposes to file (i) a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf 2.01 of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)this Agreement, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentregistration statement, in each either case, for the sale of shares of Common Stock by Other Holders in an Underwritten OfferingOffering for its own account, then the Company shall give as soon as practicable but not less than four three Business Days prior to the filing of (4x) Business Days’ any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (y) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (z) such registration statement, as the case may be, then CEI shall give notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company CEI has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts account of Holders shall be determined based on the provisions of Section 2.02(b)) of this Agreement. Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) three Business Days (or two (2) Business Days after receiving such notice to request inclusion of Registrable Securities in connection with any overnight or bought the Underwritten Offering) , except that such Holder shall have one Business Day after such Piggyback Notice has been delivered Holder confirms receipt of the notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersin the case of a “bought deal”, “registered direct offering” or “overnight transaction” where no preliminary prospectus is used. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, CEI shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company CEI may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company CEI of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such offering. No Holder shall be entitiled to participate in any such Underwritten OfferingOffering under this Section 2.02(a) unless such Holder (together with any Affiliate of such Holder) participating therein held at least $10,000,000 of Common Stock as of the Closing Date, based on a valuation price of $0.7164 per share of Common Stock. Any Notwithstanding the foregoing, any Holder may deliver written notice (a an Piggyback Opt-Opt Out Notice”) to the Company CEI requesting that such Holder not receive notice from the Company CEI of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofnotice.

Appears in 2 contracts

Samples: Master Services Agreement (CAMAC Energy Inc.), Registration Rights Agreement (CAMAC Energy Inc.)

Participation. If If, at any time or from time to time after the date hereof, the Company proposes shall determine to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf register the sale of any other Person who has of its securities or has been granted registration rights related to conduct an offering of registered securities in connection with an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating of its securities to the sale general public for cash on a form which would permit the registration or offering of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in secondary sales (including, for the underlying shelf Registration Statement or are included on an effective avoidance of doubt, pursuant to a Shelf Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment), in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offeringits own account and/or another Person, then the Company shall give not less than four (4) three Business Days’ Days advance notice (including, but not limited to, notification by electronic e-mail) (the ; such notice, a “Piggyback Notice”) of such proposed registration or Underwritten Offering to each Holder thatHolder, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice notice shall offer such Holder the opportunity to include participate in any such registration or Underwritten Offering for Other Holders and to include therein such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an material and adverse effect on the offering price, timing or probability of success of the distribution of the shares of Common Stock in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b2.2(b). If the Company is not required to offer the opportunity for a Piggyback Registration in respect of a proposed Underwritten Offering as a result of the circumstance described in the immediately preceding sentence, then the Company shall nevertheless be required to furnish to such Holders the Piggyback Notice in respect of such proposed Underwritten Offering, which notice shall describe the Company’s intention to conduct an Underwritten Offering and, if the determination described in the immediately preceding sentence has been made at the time that the Piggyback Notice is required to be given by the Company, shall include notification that the Holders do not have the opportunity to include Registrable Securities in such Underwritten Offering because the Company has been advised by the Managing Underwriter in writing that the inclusion of Registrable Securities for sale for the benefit of the Holders will have a material and adverse effect on the offering price, timing or probability of success of the distribution of the Common Stock in the Underwritten Offering. If the Company is so advised by the Managing Underwriter after the Piggyback Notice has been given, then the Company shall notify the Holders who were provided such Piggyback Notice (or if the five Business Day period referred to in the next sentence has lapsed, the Holders who have timely elected to include Registrable Securities in such offering) in writing of such circumstance and the aggregate number of Registrable Securities, if any, that can be included in such offering. Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 3.1 hereof and confirmation of receipt of such notice shall be confirmed requested in the notice, and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such each Holder will have four (4) five Business Days (or, in the case of an “overnight” offering or two (2) a “bought deal,” one Business Days in connection with any overnight or bought Underwritten OfferingDay) after such a Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersPiggyback Registration referenced therein. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten OfferingPiggyback Registration. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked)Holder, the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Company pursuant to this Section 2.02(a2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 2 contracts

Samples: Conversion Agreement (Calumet Specialty Products Partners, L.P.), Conversion Agreement (Calumet Specialty Products Partners, L.P.)

Participation. If at any time the Company Concho proposes to file (i) a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf 2.01 of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)this Agreement, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentregistration statement, in each either case, for the sale of shares of Common Stock by Other Holders in an Underwritten OfferingOffering for its own account and/or another Person, then the Company shall give as soon as practicable but not less than four three Business Days prior to the filing of (4x) Business Days’ any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (y) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (z) such registration statement, as the case may be, then Concho shall give notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Concho has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b)) of this Agreement. Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) three Business Days (or two (2) Business Days after receiving such notice to request inclusion of Registrable Securities in connection with any overnight or bought the Underwritten Offering) , except that such Holder shall have one Business Day after such Piggyback Notice has been delivered Holder confirms receipt of the notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersin the case of a “bought deal” or “overnight transaction” where no preliminary prospectus is used. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Concho shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Concho may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company Concho of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Each Holder’s rights under this Section 2.02(a) shall terminate when such Holder (together with any Affiliates of such Holder) holds less than $5 million of Purchased Common Stock, based on the Commitment Amounts. Notwithstanding the foregoing, any Holder may deliver written notice (a an Piggyback Opt-Opt Out Notice”) to the Company Concho requesting that such Holder not receive notice from the Company Concho of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofOffering.

Appears in 2 contracts

Samples: Purchase Agreement (Concho Resources Inc), Registration Rights Agreement (Concho Resources Inc)

Participation. If Commencing on the conversion of the Purchased Units to Common Units, if Crosstex at any time the Company proposes to file (i) a prospectus supplement to an effective Shelf Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related with respect to an Underwritten Offering of Common Units for its own account or to register any Common Units for its own account for sale to the public in an Underwritten Offering or otherwise file any registration statement with the Commission relating to any Underwritten Offering of Common Units other than (the “Other Holder”), x) a registration statement on Form S-8 (or any successor form) relating solely to employee benefit plans or (iiy) a prospectus supplement registration statement on Form S-4 (or any successor form) relating solely to a Rule 145 transaction, then, as soon as practicable following the sale engagement of shares of Common Stock by any Other Holders counsel to an effective registration statement, so long as Crosstex to prepare the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included documents to be used in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in connection with an Underwritten Offering, then the Company Crosstex shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder thatthe Holders, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Crosstex shall not be required to offer such opportunity (A) to such Holders if (i) the Holders, together with their Affiliates, Holders do not offer a minimum of $15 million 5,000,000 of Common Share Registrable Securities and Other Registrable Securities, in the aggregate aggregate, (determined by multiplying the number of Common Share Registrable Securities and Other Registrable Securities owned by the average of the closing price on the National Securities Exchange NASDAQ for the shares of Common Stock Units for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B. The notice required to be provided in this Section 2.2(a) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 3.1 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders Holder. Holder shall then have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.Piggyback

Appears in 2 contracts

Samples: Registration Rights Agreement (Crosstex Energy Lp), Unit Purchase Agreement (Crosstex Energy Inc)

Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person Persons who has have or has have been granted registration rights related to an Underwritten Offering by the Partnership (the “Other HolderHolders), ) or (ii) a prospectus supplement relating to the sale of shares of Common Stock Units by any Other Holders pursuant to an effective “automatic” registration statement, so long as the Company Partnership is a WKSI at such time or, whether or not the Company Partnership is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any other case in which Holders may participate in such offering without the filing of a post-effective amendmentamendment of a registration statement, in each case, for the sale of shares of Common Stock Units by Other Holders in an Underwritten OfferingOffering (including an Underwritten Offering undertaken pursuant to Section 2.03), then the Company Partnership shall give not less than four (4) three Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least ) owning more than $15 100 million of Registrable Securities, calculated on the basis of the Average Common Share Registrable Securities Unit Price as of the date of the Piggyback Notice, and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 50 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned offered by the average of the closing price on the National Securities Exchange for the shares of Average Common Stock for the ten (10) trading days preceding the date of such noticeUnit Price), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to the applicable Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made3.01. Each such Holder will have four (4) two Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten OfferingOffering for Other Holders, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten OfferingOffering for Other Holders. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 2 contracts

Samples: Registration Rights Agreement (Plains All American Pipeline Lp), Registration Rights Agreement (Plains Gp Holdings Lp)

Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a2.1(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) following the Series B Conversion Date, a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective “automatic” registration statement, so long as the Company Partnership is a WKSI at such time or, whether or not the Company Partnership is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, other than (a) a registration relating solely to employee benefit plans, (b) a registration relating solely to a Rule 145 transaction, or (c) a registration on any registration form which does not permit secondary sales, then the Company Partnership shall give not less than four (4) three Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least ) owning more than $15 75 million of Common Share Registrable Securities Units, calculated on the basis of the Purchased Unit Price, and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (Aaa) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 37.5 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange NYSE for the shares of Common Stock Units for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (Bbb) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b2.2(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made3.1. Each such Holder will have four (4) two Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1AA) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2BB) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 2 contracts

Samples: Registration Rights Agreement (EnLink Midstream Partners, LP), Convertible Preferred Unit Purchase Agreement (EnLink Midstream Partners, LP)

Participation. If at any time So long as a Holder has Registrable Securities if (x) the Company Corporation proposes to file (i) a Registration Statement (shelf registration statement other than a Registration Statement contemplated by Section 2.01(a)) registration statement on behalf of Forms S-4 or S-8 and any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)successor forms, or (ii) a prospectus supplement to an effective Shelf Registration Statement relating to the sale of shares equity securities of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Corporation and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a registration statement on Forms S-4 or S-8 and any successor forms, in each case, for the sale of shares of Common Stock by Other Holders Shares in an Underwritten Offering for its own account or that of another Person, or both, and (y) such filing would permit inclusion of securities pursuant to Section 2.04 of the GSO Registration Rights Agreement, then promptly following the selection of the Managing Underwriter for such Underwritten Offering, then the Company Corporation shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least $15 million of Common Share Registrable Securities ) and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Corporation has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Shares in such the Underwritten Offering, then (x) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Corporation shall not be required to offer such opportunity to the Holders or (y) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b2.01(b). Each Piggyback Notice Any notice required to be provided in this Section 2.01(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) three Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Corporation shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Corporation may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities as part of such Underwritten Offering for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Corporation of such withdrawal at least or prior to one (1) Business Day prior to before the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company Corporation requesting that such Holder not receive notice from the Company Corporation of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writingwriting prior to one Business Day before the time of pricing of such Underwritten Offering. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Corporation shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a2.01(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Corporation pursuant to this Section 2.02(a2.01(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 2 contracts

Samples: Registration Rights Agreement (Sanchez Energy Corp), Securities Purchase Agreement (Sanchez Energy Corp)

Participation. If Subject to Section 4(b) hereof, if at any time after the date hereof the Company proposes to file (i) files a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) registration on behalf Form S-4 or S-8 or any successor form to such Forms or any registration of any other Person who has or has been granted registration rights related securities as it relates to an Underwritten Offering (offering and sale to management of the “Other Holder”), Company pursuant to any employee stock plan or (iiother employee benefit plan arrangement) a prospectus supplement relating with respect to the sale of an offering that includes any shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten OfferingStock, then the Company shall give not less than four (4) Business Days’ prompt notice (including, but not limited to, notification by electronic mailthe "Initial Notice") (to the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities Investor and such Piggyback Notice the Investor shall offer such Holder the opportunity be entitled to include in such Underwritten Offering for Other Holders such number of Common Share Registration Statement any Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); held by it, provided, however, that the Company Investor shall not be required entitled to offer such opportunity participation rights with respect to the Registration Statement to be filed within ninety (A90) days following the issuance of securities under the Company's convertible senior subordinated notes offering (and the common stock issued upon conversion thereof) which closed on March 15, 2001, as such offering may be revised, amended, altered or supplemented in the discretion of the Company. If the Investor elects to include any or all of its Registrable Securities in such Registration Statement, then the Company shall give prompt notice (the "Piggyback Notice") to each Holder (excluding the Investor) and each such Holders if Holder shall be entitled to include in such Registration Statement any Registrable Securities held by it. The Initial Notice and Piggyback Notice shall offer the Investor and the Holders, together with their Affiliatesrespectively, do not offer a minimum the opportunity to register such number of $15 million shares of Common Share Registrable Securities, in Securities as the aggregate Investor and each Holder may request and shall set forth (determined by multiplying i) the anticipated filing date of such Registration Statement and (ii) the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date that is proposed to be included in such Registration Statement. The Company shall include in such Registration Statement such shares of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of which it has received written requests to register such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly within 15 days after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) Initial Notice and 7 days after such the Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofgiven.

Appears in 2 contracts

Samples: Registration Rights Agreement (Fleming Companies Inc /Ok/), Registration Rights Agreement (Fleming Companies Inc /Ok/)

Participation. If at any time the Company Partnership proposes to file file, whether for its own account or for the account of any Holders or any third parties: (i) a Registration Statement shelf registration statement (other than including a Shelf Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”2.01), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statementcontemplated by Section 2.01, or in (iii) a registration statement other than a shelf registration statement (other than a registration statement on Forms S-4 or S-8 or any case in which Holders may participate in such offering without the filing of successor forms thereto) (each, a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offering“Piggyback Registration”), then the Company Partnership shall give not less than four (4) Business Days’ prompt written notice (including, but not limited to, notification by electronic mail) (the a “Piggyback Notice”) of such proposed Underwritten Offering (including notice by electronic mail) to each Holder that, together with its Affiliates, owns holding at least $15 million three percent (3%) of Common Share the then-outstanding Registrable Securities regarding such proposed registration, and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders Piggyback Registration such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b)request. Each Piggyback Notice shall specify, at a minimum, the number of Registrable Securities proposed to be provided to Holders on a Business Day pursuant to Section 3.01 and receipt registered, the proposed date of filing of such notice shall be confirmed Piggyback Registration with the Commission, the proposed means of distribution, the proposed Managing Underwriter or underwriters (if any and kept confidential if known) and a good faith estimate by the Holders until either (x) Partnership of the proposed minimum offering price of such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeRegistrable Securities. Each such Holder will have four shall make such request in writing to the Partnership (4including by electronic mail) Business Days within 5 business days (or two (2) Business Days one business day in connection with any overnight or bought Underwritten Offering) after the receipt of any such Piggyback Notice has been delivered Notice, which request shall specify the number of Registrable Securities intended to request in writing be disposed of by such Holder and, subject to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders terms and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions conditions of this Agreement, the Company may, at Partnership shall use its election, give written notice of such determination commercially reasonable efforts to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included cause all Registrable Securities in connection with held by such terminated Underwritten Offering, and (2) in the case of a determination Holders to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities included in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersRegistration; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.provided that:

Appears in 2 contracts

Samples: Registration Rights Agreement (Lehigh Gas Partners LP), Registration Rights Agreement (Lehigh Gas Partners LP)

Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01(a) of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 10.0 million of Common Share the then-outstanding Registrable Securities (based on the Purchase Price per Common Unit under the Purchase Agreement) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madehereof. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed indicated on Schedule B A hereto as having opted out shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.

Appears in 2 contracts

Samples: Common Unit Purchase Agreement (Rose Rock Midstream, L.P.), Registration Rights Agreement (Rose Rock Midstream, L.P.)

Participation. If at any time (i) on or after the Company 1st of January following the Issuance Date and (ii) except in connection with the exercise of a demand registration pursuant to Section 2.03, prior to the 31st of December following the fourth (4th) anniversary of the Issuance Date, the Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)Offering, or (ii) a prospectus supplement relating including pursuant to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten OfferingSection 2.03, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, including notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder thatGEPIF, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice shall offer such Holder GEPIF (on behalf of itself and as representative of each other Holder) the opportunity to include in such Underwritten Offering for Other Holders such up to one-third (including the securities being registered pursuant to Section 2.03) of the aggregate number of Common Share Registrable Securities that would be outstanding as of the Issuance Date if all of the Non-Voting NEP Common Units issued on the Issuance Date were converted on such Issuance Date into Common Units (or such larger number of Registrable Securities to the extent consented to by the Partnership in its sole and absolute discretion) (the “Included Registrable Securities”) ), as such Holder GEPIF may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such if GEPIF and the other Holders if the Holders, together with their Affiliates, do not offer request registration of a minimum of $15 50 million of Common Share Registrable Securities, Securities in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange Average VWAP for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.ten

Appears in 2 contracts

Samples: Registration Rights Agreement (Nextera Energy Partners, Lp), Membership Interest Purchase Agreement (NextEra Energy Partners, LP)

Participation. If at any time the Company proposes to file (i) a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)2.01, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentregistration statement, in each either case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, then as soon as practicable but not less than three Business Days prior to the filing of (x) any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (y) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (z) such registration statement, as the case may be, then the Company shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) three Business Days (or two (2) Business Days after receiving such notice to request inclusion of Registrable Securities in connection with any overnight or bought the Underwritten Offering) , except that such Holder shall have one Business Day after such Piggyback Notice has been delivered Holder confirms receipt of the notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersin the case of a “bought deal” or “overnight transaction” where no preliminary prospectus is used. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any No Holder’s rights under this Section 2.02(a) shall apply at any time when such Holder (together with any Affiliates of such Holder) holds less than $5,000,000 of Purchased Common Units, based on the Common Unit Price. Notwithstanding the foregoing, any Holder may deliver written notice (a an Piggyback Opt-Opt Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofnotice.

Appears in 2 contracts

Samples: Registration Rights Agreement (EV Energy Partners, LP), Registration Rights Agreement (EV Energy Partners, LP)

Participation. If at any time after the Consummation Date, the Company proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, statement for the sale of shares of Common Stock by Other Holders in an Underwritten OfferingOffering for its own account and/or another Person, then as soon as practicable but not less than ten Business Days prior to the filing of such registration statement, the Company shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Rights Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”but only to the extent that such Registrable Securities are not then subject to lock-up provisions under any lock-up or similar agreement); provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in offered by the Company under such Underwritten Offeringregistration statement, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 3.02 hereof and receipt of such notice shall be confirmed and kept confidential deemed to be received by Holders on the Holders until either next Business Day. Holder shall then have three (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (43) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered deemed receipt of the notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersby providing a written notice (“Piggy Back Registration Notice”) to the Company within such period. If no request for inclusion Piggy Back Registration Notice from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, then such Holder shall have no further right to participate in such Underwritten Offering. If a Holder decides not include some or all of its Registrable Securities in any registration statement filed by the Company as described in this Section 2.02(a) as stated in the Piggy Back Registration Notice, such Holder shall nevertheless continue to have the right to include any Registrable Securities in any subsequent registration statement or registration statements as may be filed by the Company with respect to the offering by the Company of its securities, all upon the terms and conditions set forth herein. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders the timely provided a Piggy Back Registration Rights Agreement and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company of such withdrawal at least one (1) up to and including the Business Day prior to immediately preceding the time Business Day on which the underwriters price such offering. Each Holder agrees that upon receiving a Piggyback Rights Notice that it will not trade any securities of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that if such Holder participates in the Underwritten Offering and in any event will not receive notice from trade (buy or sell) any securities of the Company in each case, in violation of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) applicable law including xxxxxxx xxxxxxx and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.Regulation M.

Appears in 2 contracts

Samples: Subscription Agreement (Legacy Education Alliance, Inc.), Registration Rights Agreement (Legacy Education Alliance, Inc.)

Participation. If at In the event the Registrable Securities may not be disposed of without restriction pursuant to any time section of Rule 144 (or any similar provision then in effect) under the Company Securities Act, if the Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a Registration Statement the registration statements contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”and Section 2.01(b), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which registration statements contemplated by Section 2.01(a) and Section 2.01(b) of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 10.0 million of Common Share the then-outstanding Registrable Securities (based on the Common Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share such Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 2 contracts

Samples: Registration Rights Agreement (Penn Virginia Resource Partners L P), Class B Unit Purchase Agreement (Penn Virginia Resource Partners L P)

Participation. If at any time that is on or after 90 days after the Company date of the Closing the Partnership proposes to file (i) a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Shelf Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or 2.01, at a time at which the Shelf Registration Statement contemplated by Section 2.01 has been granted registration rights related to an Underwritten Offering (declared effective by the “Other Holder”)Commission and remains so effective, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentregistration statement, in each either case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, then the Company shall give as soon as practicable but not less than four three (43) Business Days’ Days prior to the filing of (x) any preliminary prospectus supplement to a prospectus relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (y) the prospectus supplement to a prospectus relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (z) such registration statement, as the case may be, the Partnership shall give notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, that each such Holder shall keep all information relating to such Underwritten Offering in confidence and shall not make use of, disseminate or in any way disclose any such information; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madehereof. Each such Holder will shall then have four (4) two Business Days (or two (2) Business Days after receiving such notice to request inclusion of Registrable Securities in connection with any overnight or bought the Underwritten Offering) , except that such Holder shall have one Business Day after such Piggyback Notice has been delivered Holder confirms receipt of the notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersin the case of a “bought deal” or “overnight transaction” where no preliminary prospectus is used. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Each Holder’s request for inclusion rights under this Section 2.02(a) shall terminate when such Holder (together with any Affiliates of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to ) holds less than $20 million of Purchased Units, based on the Company purchase price per unit under the Purchase Agreement. Notwithstanding the foregoing, any Holder holding greater than $20 million of such withdrawal at least one (1) Business Day prior to Purchased Units, based on the time of pricing of such Underwritten Offering. Any Holder purchase price per unit under the Purchase Agreement, may deliver written notice (a an Piggyback Opt-Opt Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, howeverthat, that such Holder may later revoke any such Piggyback Opt-Opt Out Notice in writingNotice. Following receipt of a Piggyback Opt-an Opt Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (DCP Midstream Partners, LP)

Participation. If at any time the Company Crosstex proposes to file (i) during the Effectiveness Period a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Shelf Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)2.1, or (ii) prior to (A) the expiration of the Effectiveness Period or (B) if the Effectiveness Period has not begun by the Eighth Anniversary Date, the Eighth Anniversary Date, a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentregistration statement, in each caseeither case (i) or (ii), for the sale of shares Common Units in an Underwritten Offering for its own account and/or the account of Common Stock by Other Holders another Person, then, as soon as practicable following the engagement of counsel to Crosstex to prepare the documents to be used in connection with an Underwritten Offering, then the Company Crosstex shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder thatthe Holders as soon as practicable but not less than three Business Days following such engagement of counsel by Crosstex, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Crosstex shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, Holders do not offer a minimum of $15 million 5,000,000 of Common Share Registrable Securities and Other Registrable Securities, in the aggregate aggregate, (determined by multiplying the number of Common Share Registrable Securities and Other Registrable Securities owned by the average of the closing price on the National Securities Exchange NASDAQ for the shares of Common Stock Units for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B. The notice required to be provided in this Section 2.2(a) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 3.1 hereof and confirmation of receipt of such notice shall be confirmed and kept confidential by requested in the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders notice. Holder shall then have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten OfferingPiggyback Registration. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Crosstex shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Crosstex may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Crosstex of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company No Holders shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in any such Underwritten Offerings for Other Holders pursuant to Offering under this Section 2.02(a), 2.2(a) unless such Piggyback Opt-Out Notice is revoked Holder (together with any Affiliates that are Selling Holders) participating therein holds at least fifteen million dollars ($15,000,000) of Registrable Securities and Other Registrable Securities, in the aggregate, (determined by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as multiplying the number of Registrable Securities and Other Registrable Securities owned by the average of the closing price for Common Units for the ten (10) trading days preceding the date hereofof such notice).

Appears in 1 contract

Samples: Registration Rights Agreement (Crosstex Energy Lp)

Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (other than a shelf Registration Statement contemplated by Section 2.01(a)Statement) relating to the sale of Common Units in an Underwritten Offering on its own behalf or on behalf of any other Person Persons who has have or has have been granted registration rights related to an Underwritten Offering (the “Other HolderHolders), ) or (iii) a prospectus supplement relating to the sale of shares of Common Stock Units in an Underwritten Offering by the Partnership or any Other Holders Holder pursuant to an effective “automatic” registration statement, so long as the Company Partnership is a WKSI at such time or, whether or not the Company Partnership is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offering, then the Company Partnership shall give not less than four (4) five Business Days’ notice (including, but not limited to, including notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least $15 million of Common Share ) owning Registrable Securities and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Unit Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 10 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange Average VWAP for the shares of Common Stock for the ten (10) trading days 10 Trading Days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or or, (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then in which case, the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b); provided further that the Partnership shall not permit any Other Holder to participate in any public offering of Common Units unless the Partnership complies with the terms of this Section 2.02. Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company Partnership or (y) the Holders have received notice from the Company Partnership that such proposed Underwritten Offering has been abandoned, which the Company Partnership shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made; provided that if the Underwritten Offering contemplated by a Piggyback Notice is not consummated within 60 days of such notice, the Partnership shall be required to deliver an additional Piggyback Notice before recommencing such Piggyback Registration. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such a Piggyback Notice has been delivered to request in writing to the Company Partnership the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company Partnership within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the CompanyPartnership’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreementdelayed, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.such

Appears in 1 contract

Samples: Registration Rights Agreement (Natural Resource Partners Lp)

Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person Holder who has or has been granted registration rights related to an Underwritten Offering undertaken pursuant to Section 2.03 (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock Units by any Other Holders to an effective “automatic” registration statement, so long as the Company Partnership is a WKSI at such time or, whether or not the Company Partnership is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock Units by Other Holders in an Underwritten OfferingOffering undertaken pursuant to Section 2.03, then the Company Partnership shall give not less than four six (46) Business Days’ notice (including, but not limited to, including notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least $15 million of Common Share ) owning Registrable Securities and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 5 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange Average VWAP for the shares of Common Stock for the ten thirty (1030) trading days Trading Days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or or, (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then in which case the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to in accordance with the notice provisions of Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company Partnership or (y) the Holders have received notice from the Company Partnership that such proposed Underwritten Offering has been abandoned, which the Company Partnership shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four five (45) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company Partnership the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company Partnership within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the CompanyPartnership’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders Holders, if any, listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Stonemor Partners Lp)

Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock Units by any Other Holders to an effective registration statement, so long as the Company Partnership is a WKSI at such time or, whether or not the Company Partnership is a WKSI, so long as the Common Share Unit Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock Units by Other Holders in an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 25 million of Common Share Unit Registrable Securities and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Unit Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 25 million of Common Share Unit Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Unit Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock Units for the ten (10) 10 trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Unit Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then the amount of Common Share Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company Partnership or (y) the Holders have received notice from the Company Partnership that such proposed Underwritten Offering has been abandoned, which the Company Partnership shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company Partnership the inclusion of Common Share Unit Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company Partnership within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.,

Appears in 1 contract

Samples: Convertible Preferred Unit Purchase Agreement (EQM Midstream Partners, LP)

Participation. If at any time the Company proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a2.1(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective “automatic” registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, other than (a) a registration relating solely to employee benefit plans, (b) a registration relating solely to a Rule 145 transaction, or (c) a registration on any registration form which does not permit secondary sales, then the Company shall give not less than four three (43) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least ) owning more than $15 75 million of Common Share Registrable Securities Units, calculated on the basis of the Unit Price, and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (Aaa) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 37.5 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange NYSE for the shares of Common Stock Units for the ten (10) 10 trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (Bbb) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing timing, or distribution of the shares of Common Stock Units in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b2.2(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made3.1. Each such Holder will have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1AA) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2BB) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Company pursuant to this Section 2.02(a2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (EnLink Midstream, LLC)

Participation. If at any time the Company Copano proposes to file (i) a Registration Statement (other than a prospectus supplement to an effective shelf registration statement, including the Shelf Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)2.01, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentregistration statement, in each either case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, then the Company shall give as soon as practicable but not less than four three (43) Business Days’ notice Days prior to the filing of (includingx) any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b), but not limited to, notification by electronic mail(y) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) (if no preliminary prospectus supplement is used) or (z) such registration statement as the “Piggyback Notice”) case may be, then, Copano shall give notice of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Copano has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten OfferingUnits, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders Holder. Holder shall then have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly three Business Days after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days confirms receipt of the notice to request inclusion of Registrable Securities in connection with any overnight or bought the Underwritten Offering) , except that Holder shall have one Business Day after such Piggyback Notice has been delivered Holder confirms receipt of the notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersin the case of a “bought deal” or “overnight transaction”. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Copano shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Copano may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company Copano of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Each Holder’s rights under this Section 2.02(a) shall terminate when such Holder holds less than five million ($5,000,000) of Purchased Common Units, as determined based on the closing price of Copano’s Common Units on the date immediately preceding such determination. In addition, at any time, any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company requesting that such Holder Copano instructing Copano not receive to deliver any written notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that pursuant to this Section 2.02(a) to such Holder may later revoke any such Piggyback Opt-Out Notice in writingHolder. Following After receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked)Holder, the Company Copano shall not be required to deliver any notice to such Holder pursuant to have no further obligation under this Section 2.02(a) to deliver a written notice of any proposed Underwritten Offering to such Holder and such Holder shall have no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to further rights under this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed ) to have delivered a Piggyback Opt-Out Notice as of the date hereofany Registrable Securities included in any such Underwritten Offering.

Appears in 1 contract

Samples: Registration Rights Agreement (Copano Energy, L.L.C.)

Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person Persons who has have or has have been granted registration rights related to an Underwritten Offering by the Partnership (the “Other HolderHolders), ) or (ii) a prospectus supplement relating to the sale of shares of Common Stock Units by any Other Holders to an effective “automatic” registration statement, so long as the Company Partnership is a WKSI at such time or, whether or not the Company Partnership is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any other case in which Holders may participate in such offering without the filing of a post-effective amendmentamendment of a registration statement, in each case, for the sale of shares of Common Stock Units by Other Holders in an Underwritten OfferingOffering (including an Underwritten Offering undertaken pursuant to Section 2.03), then the Company Partnership shall give not less than four (4) three Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least ) owning more than $15 100 million of Registrable Securities, calculated on the basis of the Average Common Share Registrable Securities Unit Price as of the date of the Piggyback Notice, and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 50 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned offered by the average of the closing price on the National Securities Exchange for the shares of Average Common Stock for the ten (10) trading days preceding the date of such noticeUnit Price), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made3.01. Each such Holder will have four (4) two Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten OfferingOffering for Other Holders, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten OfferingOffering for Other Holders. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Plains All American Pipeline Lp)

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Participation. If on or at any time after the date ninety (90) days after the Emergence Effective Date the Company proposes to file (i) a Registration Statement on a form which would permit the registration of Registrable Securities (other than a Registration Statement contemplated on Form S-4 or S-8) for purposes of registering the offer and sale of Common Shares by Section 2.01(a)) the Company or on behalf of any other Person Persons who has have or has have been granted registration rights related to an Underwritten Offering (the “Other HolderHolders”), including pursuant to this Agreement, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders Shares pursuant to an effective “automatic” registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a new Registration Statement or a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders Shares in an Underwritten OfferingOffering (including an Underwritten Offering undertaken pursuant to Section 2.03), then the Company shall give not less than four (4) three Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders by 9:00 a.m. New York City time on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made3.01. Each such Holder will have four (4) two Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Titan Energy, LLC)

Participation. If at any time So long as a Holder holds Registrable Securities, if the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”Section 2.01(b), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as the Company is other than a WKSI at such time or, whether Registration Statement contemplated by Section 2.01(a) or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously Section 2.01(b) of this Agreement and Holders may be included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering Underwritten Offering without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account or that of Common Stock another Person, or both, and Holders may be included in such Underwritten Offering without the filing of a post-effective amendment thereto, then as soon as practicable following the engagement of counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 million the Piggyback Threshold Amount of the then-outstanding Common Unit Registrable Securities (calculated based on the product of the Common Unit Price times the number of Common Share Unit Registrable Securities Securities) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Unit Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (A) the Company Partnership shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 million the Piggyback Threshold Amount of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Unit Registrable Securities owned by the average of the closing price (based on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticeUnit Price), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Unit Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (1) the Partnership shall not be required to offer such opportunity to the Holders or (2) if any Common Unit Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall Any notice required to be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.this

Appears in 1 contract

Samples: Registration Rights Agreement (Teekay Offshore Partners L.P.)

Participation. If at any time the Company Constellation Energy proposes to file (i) a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf 2.01 of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)this Agreement, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentregistration statement, in each either case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, then the Company shall give as soon as practicable but not less than four three Business Days prior to the filing of (4x) Business Days’ any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (y) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (z) such registration statement, as the case may be, then Constellation Energy shall give notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing, which shall not be fewer than 100,000 Registrable Securities; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Constellation Energy has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b)) of this Agreement. Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) three Business Days (or two (2) Business Days after receiving such notice to request inclusion of Registrable Securities in connection with any overnight or bought the Underwritten Offering) , except that such Holder shall have one Business Day after such Piggyback Notice has been delivered Holder confirms receipt of the notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersin the case of a “bought deal” or “overnight transaction” where no preliminary prospectus is used. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Constellation Energy shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Constellation Energy may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company Constellation Energy of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such offering. No Holder shall be entitled to participate in any such Underwritten OfferingOffering under this Section 2.02(a) unless such Holder (together with any Affiliate of such Holder) participating therein held at least $5,000,000 of Purchased Common Units as of the Closing Date. Any Notwithstanding the foregoing, any Holder may deliver written notice (a an Piggyback Opt-Opt Out Notice”) to the Company Constellation Energy requesting that such Holder not receive notice from the Company Constellation Energy of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofnotice.

Appears in 1 contract

Samples: Registration Rights Agreement (Constellation Energy Partners LLC)

Participation. If on or at any time after the date ninety (90) days after the Closing Date the Company proposes to file (i) a Registration Statement on a form which would permit the registration of Registrable Securities (other than a Registration Statement contemplated on Form S-4 or S-8) for purposes of registering the offer and sale of Common Units by Section 2.01(a)) the Company or on behalf of any other Person Persons who has have or has have been granted registration rights related to an Underwritten Offering (the “Other HolderHolders), ) or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders Units pursuant to an effective “automatic” registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering (including an Underwritten Offering undertaken pursuant to Section 2.03), then the Company shall give not less than four (4) three Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least $15 million of Common Share Registrable Securities ) and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Atlas Energy Group, LLC)

Participation. If MarkWest, MarkWest Hydrocarbon or any subsidiary of MarkWest Hydrocarbon at any time the Company proposes to file (i) file a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted prospectus supplement to an effective shelf registration rights related statement with respect to an Underwritten Offering (the “Other Holder”), of Common Units for its own account or (ii) a prospectus supplement relating register any Common Units for its own account for sale to the sale of shares of Common Stock by any Other Holders to public in an effective registration statementUnderwritten Offering other than, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statementcase of clause (ii), (a) a registration relating solely to employee benefit plans, (b) a registration relating solely to a Rule 145 transaction, or (c) a registration on any registration form which does not permit secondary sales, then, as soon as practicable following the engagement of counsel by MarkWest to prepare the documents to be used in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in connection with an Underwritten Offering, then the Company MarkWest shall give not less than four (4) Business Days’ written notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company MarkWest shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company MarkWest has been advised in writing by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a materially adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities Units. The notice required to be offered for the accounts of provided in this Section 2.02(a) to Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) Holder. Subject to Section 2.02(b), MarkWest shall include in such proposed Underwritten Offering all such Registrable Securities (“Included Registrable Securities”) with respect to which MarkWest has been publicly announced by the Company or (y) the Holders have received requests within one Business Day after MarkWest’s notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersaccordance with Section 3.01. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten OfferingPiggyback Registration. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, MarkWest shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company MarkWest may, at its election, give written notice of such determination to the Selling Holders and, (1i) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2ii) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company MarkWest of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company No Holders shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in any such Underwritten Offerings Offering under this Section 2.02(a) unless such Holder (together with any Affiliate that owns Registrable Securities and is a Selling Holder) participating therein (i) held at least 335,000 Registrable Securities as of the Closing and (ii) holds at least 100,000 Registrable Securities as of the date such Holder returns its request for Other Holders pursuant to inclusion in such Underwritten Offering within the specified time set forth in this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Markwest Hydrocarbon Inc)

Participation. If at In the event the Registrable Securities may not be disposed of without restriction pursuant to any time section of Rule 144 (or any similar provision then in effect) under the Company Securities Act, if the Partnership proposes to file (i) a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (ii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (includingwhich may include, but not limited towithout limitation, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns holds in the aggregate at least $15 10.0 million of Common Share the then-outstanding Registrable Securities (based on the Common Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (i) the Company Partnership shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 10.0 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price (based on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticeUnit Price), or such lesser amount (ii) if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madehereof. Each such Holder will described in the proviso of the immediately preceding sentence shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering. If no written request for inclusion from such a Holder is received within the specified time, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell include any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback . Each of the Holders on Schedule A hereto who has indicated it is delivering an Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Teekay Offshore Partners L.P.)

Participation. If at In the event the Registrable Securities may not be disposed of without restriction pursuant to any time section of Rule 144 (or any similar provision then in effect) under the Company Securities Act, if the Partnership proposes to file (i) a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (ii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (includingwhich may include, but not limited towithout limitation, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns holds in the aggregate at least $15 10.0 million of Common Share the then-outstanding Registrable Securities (based on the Common Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (i) the Company Partnership shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 10.0 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price (based on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticeUnit Price), or such lesser amount (ii) if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madehereof. Each such Holder will described in the proviso of the immediately preceding sentence shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering. If no written request for inclusion from such a Holder is received within the specified time, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell include any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed indicated on Schedule B A hereto shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.

Appears in 1 contract

Samples: Common Unit Purchase Agreement (Teekay Offshore Partners L.P.)

Participation. If at any time (i) on or after [January 1, 2026], and (ii) except in connection with the Company exercise of a demand registration pursuant to Section 2.03, prior to [December 31, 2031], (x) the Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (iiy) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statementstatement of the Partnership, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offeringincluding pursuant to Section 2.03, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, including notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder thatInvestor, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice shall offer such Holder Investor (on behalf of and as representative of each Holder) the opportunity to include in such Underwritten Offering for Other Holders such a number of Common Share Registrable Securities (including the securities being registered pursuant to Section 2.03) (the “Included Registrable Securities”); provided, however, that the aggregate amount of Registrable Securities that may be included in Underwritten Offerings pursuant to piggyback registration rights exercised in any twelve month period pursuant to this Section 2.02 shall not exceed one fourth of the aggregate number of Registrable Securities that is the sum of: (A) a number of Registrable Securities that would be outstanding if the NEP Member exercised its Call Option for all outstanding Class B Units 881162.02-WILSR01A - MSW in full on the date of the Piggyback Notice (assuming the Class B Purchasers requested pursuant to Section 7.02(b) of the Company LLC Agreement to receive Common Units with respect to such Call Option) equal to (x) the product of the Call Option Purchase Price with respect to all then outstanding Class B Units and (y) 0.70, divided by the 10-day VWAP average on the date of the Piggyback Notice and (B) the number of Registrable Securities that would be outstanding as of the date of the Piggyback Notice if all of the Non-Voting NEP Common Units issued on such Holder date were converted on such date into Common Units, (or such larger number of Registrable Securities, to the extent consented to by the Partnership in its sole and absolute discretion) (the “Maximum Number”), as Investor may request in writing (a “Piggyback Registration”); provided, however, provided further that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Investor (on behalf of all Holders, together with their Affiliates, do ) does not offer request registration of a minimum of $15 50 million of Common Share Registrable Securities, Securities in the aggregate (determined by multiplying the number of Common Share Included Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock Average VWAP for the ten (10) trading days Trading Days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, Piggyback Notice) or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Class B Purchasers and the other Holders will have an a materially adverse effect on the price, timing timing, or distribution of the shares of Common Stock Units in such Underwritten Offering, then in which case the amount of Common Share Registrable Securities to be offered for the accounts of the Class B Purchasers and the other Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders Investor on a Business Day pursuant to Section 3.01 3.01, and receipt of such notice shall be confirmed and kept confidential by the Class B Purchasers and the other Holders (and neither the Class B Purchasers nor any other Holder receiving such notice shall purchase or sell Common Units) (provided that any Holder may provide such notice to its personnel, advisors, and other representatives on a confidential basis) until either (x) such proposed Underwritten Offering has been publicly announced by the Company Partnership or (y) the Holders have Investor has received notice from the Company Partnership that such proposed Underwritten Offering has been abandoned, which the Company Partnership shall provide to the Holders Investor reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder Investor will have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to (on behalf of all Holders) that the Company the inclusion Partnership include a number of Common Share Registrable Securities in the Underwritten Offering for Other Holdersup to the Maximum Number. If no request for inclusion from a Holder Investor is received by the Company Partnership within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such neither Investor nor any Holder shall have no any further right to participate in such Underwritten Offering. If, at any time after giving written notice of the CompanyPartnership’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, Partnership shall give written notice of such determination to the Selling Holders andInvestor (on behalf of all Holders), and (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Investor (on behalf of any Selling Holder Holder) shall have the right to withdraw such Selling Holder’s its request for inclusion of such Selling Holder’s Common Share Registrable Securities Securities, in whole or in part (subject to the other provisions of this Agreement), in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one two (12) Business Day Days prior to the time of pricing of such Underwritten Offering. Any Holder Investor may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder Investor (on behalf of all Holders) not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder Investor may later revoke any such 881162.02-WILSR01A - MSW Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Investor or any Holder pursuant to this Section 2.02(a) ), and such Holder the Holders shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is subsequently revoked by Investor. Investor shall have the right (on behalf of all Holders) to exercise the piggyback registration rights set forth in this Section 2.02 up to four (4) times, but not more frequently than once in any six-month period; provided, however, that if the number of Included Registrable Securities included in the Underwritten Offering is reduced by fifty percent (50%) or more, Investor (on behalf of all Holders) will have the right to withdraw from such Holder. The Holders listed on Schedule B Underwritten Offering by delivering written notice to the Partnership at least two (2) Business Days prior to the time of pricing of such Underwritten Offering, and such exercise of piggyback registration rights will not decrease the number of piggyback registration rights that Investor shall each be deemed have the right to have delivered a Piggyback Opt-Out Notice as of the date hereofrequest under this Section 2.02(a).

Appears in 1 contract

Samples: Build Out Agreement (NextEra Energy Partners, LP)

Participation. If at any time the Company Contango proposes to file (i) at a Registration Statement (other than time when Contango is not a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.01(a)2.1(a) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)this Agreement that is currently effective, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as the Company Contango is a WKSI at such time or, whether or not the Company Contango is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Shelf Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten OfferingOffering for its own account and/or another Person, other than (a) a registration relating solely to employee benefit plans, (b) a registration relating solely to a Rule 145 transaction, or (c) a registration statement on any registration form which does not permit secondary sales, then the Company Contango shall give not less than four three (43) Business Days’ Days advance notice (including, but not limited to, notification by electronic e-mail) (the ; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least more than $15 2.5 million of Common Share Registrable Securities Securities, and such Piggyback Notice notice shall offer such Holder the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Contango (A) shall not be required to offer include the Registrable Securities of the Holders in such opportunity (A) to such Holders Registration if the Holders, together with their Affiliates, Holders do not offer a minimum of $15 2.5 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Contango has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an material and adverse effect on the offering price, timing or probability of success of the distribution of the shares of Common Stock in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b2.2(b). If Contango is not required to offer the opportunity for a Piggyback Registration in respect of a proposed Underwritten Offering as a result of the circumstance described in clause (B) of the proviso of the immediately preceding sentence, then Contango shall nevertheless be required to furnish to such Holders the Piggyback Notice in respect of such proposed Underwritten Offering, which notice shall describe Contango’s intention to conduct an Underwritten Offering and, if the determination described in clause (B) of the proviso of the immediately preceding sentence has been made at the time that the Piggyback Notice is required to be given by Contango, shall include notification that the Holders do not have the opportunity to include Registrable Securities in such Underwritten Offering because Contango has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have a material and adverse effect on the offering price, timing or probability of success of the distribution of the Common Stock in the Underwritten Offering. If the circumstance described in clause (B) of the proviso of the preceding sentence is made after the Piggyback Notice has been given, then Contango shall notify the Holders who were provided such Piggyback Notice (or if the two Business Day period referred to in the next sentence has lapsed, the Holders who have timely elected to include Registrable Securities in such offering) in writing of such circumstance and the aggregate number of Registrable Securities, if any, that can be included in such offering. Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 3.1 hereof and confirmation of receipt of such notice shall be confirmed and kept confidential by requested in the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madenotice. Each such The Holder will have four (4) two Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten OfferingPiggyback Registration. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Contango shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Contango may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Contango of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Contango requesting that such Holder not receive notice from the Company Contango of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Contango shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by Contango pursuant to this Section 2.02(a2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 1 contract

Samples: Purchase Agreement (Contango Oil & Gas Co)

Participation. If at any time So long as a Holder has Registrable Securities, if the Company Partnership proposes to file file, whether for its own account or for the account of the Holders: (i1) a Registration Statement shelf registration statement (other than a the Shelf Registration Statement contemplated by Section 2.01(a2.01) or (2) a registration statement other than a shelf registration statement (other than a registration statement on Form S-4 or S-8 or any successor forms thereto) including a registration statement for a Secondary Offering or a Primary Offering as contemplated by Section 2.02(a) or Section 2.02(b), respectively, (each of (1) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering and (the 2), a Other HolderPiggyback Registration”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ prompt written notice (including, but not limited to, notification by electronic mail) (the a “Piggyback Notice”) of such proposed Underwritten Offering (including notice by electronic mail) to each Holder that, together with its Affiliates, owns holding at least $15 5.0 million of Common Share the then-outstanding Registrable Securities (based on the last sales price of the Common Units as of the trading date prior to the time of such registration) regarding such proposed registration, and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders Piggyback Registration: (x) such number of Common Share Registrable Securities as each such Holder may request, or (the “Included y) a number of Primary Units in order to effect a Redemption of Registrable Securities”) Securities as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b)request. Each Piggyback Notice shall specify, at a minimum, the number and type of securities proposed to be provided to Holders on a Business Day pursuant to Section 3.01 and receipt registered, the proposed date of filing of such notice shall be confirmed Piggyback Registration with the Commission, the proposed means of distribution, the proposed Managing Underwriter or underwriters (if any and kept confidential if known) and a good faith estimate by the Holders until either (x) Partnership of the proposed minimum offering price of such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madesecurities. Each such Holder will have four shall make such request in writing to the Partnership (4including by electronic mail) Business Days within five (5) business days (or two one (21) Business Days business day in connection with any overnight or bought Underwritten Offering) after the receipt of any such Piggyback Notice has been delivered Notice, which request shall specify the number of Registrable Securities intended to request in writing be disposed of by such Holder or the number of Registrable Securities such Holder intends to have redeemed by the Partnership, and, subject to the Company terms and conditions of this Agreement, the inclusion of Common Share Partnership shall use its reasonable best efforts to include in such Piggyback Registration all Registrable Securities in held by such Holders and/or a number Primary Units required to effect a Redemption of the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringrequested by such Holders; provided, such Holder shall have no further right to participate in such Underwritten Offering. Ifthat if, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders register equity securities and prior to the pricing effective date of the registration statement filed in connection with such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreementregistration, the Company Partnership shall determine for any reason not to register such equity securities, the Partnership may, at its election, give written notice of such determination within five business days thereof to the Selling Holders each Holder of Registrable Securities and, (1) in the case of a termination of such Underwritten Offeringthereupon, shall not be relieved of its obligation obligated to sell register any Included Registrable Securities or Primary Units in connection with such terminated Underwritten Offeringregistration (but shall nevertheless pay the Registration Expenses in connection therewith), and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; providedwithout prejudice, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), to the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as rights of the date hereofHolders of Registrable Securities that a registration be effected under Section 2.01 or Section 2.02.

Appears in 1 contract

Samples: Registration Rights Agreement (Emerge Energy Services LP)

Participation. If Except as provided in Section 2.02(b), if at any time during the Company Effectiveness Period, the Partnership proposes to file (i) a Registration Statement shelf registration statement (in which shelf registration statement the Partnership covenants and agrees to include thereon a description of the transaction under which the Purchasers acquired the Registrable Securities) other than a the Shelf Registration Statement contemplated by Section 2.01(a)) on behalf of any this Agreement and other Person who has or has been granted registration rights related to than an Underwritten Offering (the “Other Holder”)Automatic Shelf Registration Statement, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Shelf Registration Statement or are contemplated by Section 2.01(a) of this Agreement and other than, for the avoidance of doubt, the Partnership’s shelf registration statement filed on January 8, 2015, and Holders could be included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentamendment thereto (other than a post-effective amendment that is immediately effective), or (iii) a registration statement, other than a shelf registration statement, in the case of each caseof clause (i), (ii) or (iii), for the sale of shares of Common Stock by Other Holders Units in an Underwritten Offering or Overnight Underwritten Offering for its own account and/or another Person, then as soon as practicable but not less than ten Business Days (or one Business Day in the case of an Overnight Underwritten Offering) prior to the filing of (A) any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (B) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (C) such registration statement (other than a Shelf Registration Statement), as the case may be (an “Underwritten Offering Filing”), then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering (a “Piggyback Offering”) to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of the Common Share Unit Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter Underwriter, and the Partnership has advised the Selling Holders in writing, that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Selling Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Selling Holders shall be determined based on the provisions of Section 2.02(b)2.02(c) of this Agreement. Each The notice required to be provided in this Section 2.02(a) to each Holder (the “Piggyback Notice Notice”) shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madehereof. Each such Holder will shall then have four (4) five Business Days (or two (2) one Business Days Day in connection with any overnight or bought the case of an Overnight Underwritten Offering) after such the date on which the Holders received the Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringsuch period, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Board of Directors of the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Notwithstanding the foregoing, any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Breitburn Energy Partners LP)

Participation. If ETE at any time the Company proposes to file (i) a Registration Statement (other than registration statement or a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted prospectus supplement to an effective registration rights related statement with respect to an Underwritten Offering of Common Units for its own account or to register any Common Units for its own account for sale to the public in an Underwritten Offering other than (the “Other Holder”)x) a registration relating solely to employee benefit plans, (y) a registration relating solely to a Rule 145 transaction, or (iiz) a prospectus supplement relating registration on any registration form which does not permit secondary sales or does not include substantially the same information as would be required to be included in a registration statement covering the sale of shares Registrable Securities, then, as soon as practicable following the engagement of Common Stock by any Other Holders counsel to an effective registration statement, so long as ETE to prepare the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included documents to be used in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in connection with an Underwritten Offering, then the Company ETE shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company ETE shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company ETE has been advised by the a Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units. Subject to the preceding sentence and subject to Section 2.02(b), ETE shall include in such Underwritten Offering, then the amount of Common Share Offering all such Registrable Securities (“Included Registrable Securities”) with respect to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such which ETE has received requests within ten days after ETE’s notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersaccordance with Section 3.01. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten OfferingPiggyback Registration. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, ETE shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company ETE may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company ETE of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofoffering.

Appears in 1 contract

Samples: Registration Rights Agreement (Energy Transfer Equity, L.P.)

Participation. If ETE at any time the Company proposes to file (i) a Registration Statement (other than registration statement or a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted prospectus supplement to an effective registration rights related statement with respect to an Underwritten Offering of Common Units for its own account or to register any Common Units for its own account for sale to the public in an Underwritten Offering other than (the “Other Holder”)x) a registration relating solely to employee benefit plans, (y) a registration relating solely to a Rule 145 transaction, or (iiz) a prospectus supplement relating registration on any registration form which does not permit secondary sales or does not include substantially the same information as would be required to be included in a registration statement covering the sale of shares Registrable Securities, then, as soon as practicable following the engagement of Common Stock by any Other Holders counsel to an effective registration statement, so long as ETE to prepare the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included documents to be used in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in connection with an Underwritten Offering, then the Company ETE shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company ETE shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company ETE has been advised by the a Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units. Subject to the preceding sentence and subject to Section 2.02(b), ETE shall include in such Underwritten Offering, then the amount of Common Share Offering all such Registrable Securities (“Included Registrable Securities”) with respect to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such which ETE has received requests within ten days after ETE’s notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersaccordance with Section 3.01. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten OfferingPiggyback Registration. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, ETE shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company ETE may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company ETE of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Notwithstanding the foregoing, any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company ETE requesting that such Holder not receive notice from the Company ETE of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofnotice.

Appears in 1 contract

Samples: Registration Rights Agreement (Energy Transfer Equity, L.P.)

Participation. If at any time after the Consummation Date, the Company proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, statement for the sale of shares of Common Stock by Other Holders in an Underwritten OfferingOffering for its own account and/or a Priority Holder, then as soon as practicable but not less than ten Business Days prior to the filing of such registration statement, the Company shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”but only to the extent that such Registrable Securities are not then subject to lock-up provisions under any lock-up or similar agreement); provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in offered by the Company under such Underwritten Offeringregistration statement or if the registration rights granted by the Company to the Priority Holders require that the securities held by the Priority Holders be given priority, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 3.02 hereof and receipt of such notice shall be confirmed and kept confidential deemed to be received by Holders on the Holders until either next Business Day. Holder shall then have three (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (43) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered deemed receipt of the notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersby providing a written notice (“Piggy Back Registration Notice”) to the Company within such period. If no request for inclusion Piggy Back Registration Notice from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, then such Holder shall have no further right to participate in such Underwritten Offering. If a Holder decides not include some or all of its Registrable Securities in any registration statement filed by the Company as described in this Section 2.02(a) as stated in the Piggy Back Registration Notice, such Holder shall nevertheless continue to have the right to include any Registrable Securities in any subsequent registration statement or registration statements as may be filed by the Company with respect to the offering by the Company of its securities, all upon the terms and conditions set forth herein. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders the timely provided a Piggy Back Registration Rights Agreement and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company of such withdrawal at least one (1) up to and including the Business Day prior to immediately preceding the time of pricing of Business Day on which the underwriters price such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofoffering.

Appears in 1 contract

Samples: Registration Rights Agreement (Cardax, Inc.)

Participation. If at any time So long as a holder has Registrable Securities, if the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously Registration Statement contemplated by Section 2.01(a) of this Agreement and Holders may be included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering Underwritten Offering without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 10.0 million of Common Share the then-outstanding Registrable Securities (calculated based on the Common Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (A) the Company Partnership shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 5.0 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price (based on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticeUnit Price), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (i) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (ii) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed indicated on Schedule B A hereto as having opted out shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Inergy Midstream, L.P.)

Participation. If at any time the Company TMC proposes to file (i) at a Registration Statement (other than time when TMC is not a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.01(a)2.1(a) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)this Agreement that is currently effective, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as the Company TMC is a WKSI at such time or, whether or not the Company TMC is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Shelf Registration Statement or are included on in an effective Shelf Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten OfferingOffering for its own account and/or another Person, other than (a) a registration relating solely to employee benefit plans, (b) a registration relating solely to a Rule 145 transaction, (c) a registration statement relating solely to an at-the-market offering by TMC or (d) a registration statement on any registration form which does not permit secondary sales, then the Company TMC shall give not less than four three (43) Business Days’ Days advance notice (including, but not limited to, notification by electronic e-mail) (the ; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice notice shall offer such Holder the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company TMC has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the offering price, timing or probability of success of the distribution of the shares of Common Stock in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b2.2(b). If TMC is not required to offer the opportunity for a Piggyback Registration in respect of a proposed Underwritten Offering as a result of the circumstance described in the immediately preceding sentence, then TMC shall nevertheless be required to furnish to such Holders the Piggyback Notice in respect of such proposed Underwritten Offering, which notice shall describe TMC’s intention to conduct an Underwritten Offering and, if the determination described in the immediately preceding sentence has been made at the time that the Piggyback Notice is required to be given by TMC, shall include notification that the Holders do not have the opportunity to include Registrable Securities in such Underwritten Offering because TMC has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have an adverse effect on the offering price, timing or probability of success of the distribution of the Common Stock in the Underwritten Offering. If the circumstance described in the immediately preceding sentence is made after the Piggyback Notice has been given, then TMC shall notify the Holders who were provided such Piggyback Notice (or if the two Business Day period referred to in the next sentence has lapsed, the Holders who have timely elected to include Registrable Securities in such offering) in writing of such circumstance and the aggregate number of Registrable Securities, if any, that can be included in such offering. Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 3.1 hereof and confirmation of receipt of such notice shall be confirmed and kept confidential by requested in the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madenotice. Each such The Holder will have four (4) two Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten OfferingPiggyback Registration. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, TMC shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company TMC may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company TMC of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company TMC requesting that such Holder not receive notice from the Company TMC of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company TMC shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by TMC pursuant to this Section 2.02(a2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Tuesday Morning Corp/De)

Participation. If at In the event the Registrable Securities may not be disposed of without restriction pursuant to any time section of Rule 144 (or any similar provision then in effect) under the Company Securities Act, if the Partnership proposes to file (i) a Registration Statement (prospectus supplement to an existing or future effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (includingwhich may include, but not limited towithout limitation, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns holds in the aggregate at least $15 20.0 million of Common Share the then-outstanding Registrable Securities (based on the Common Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (i) the Company Partnership shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 20.0 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price (based on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticeUnit Price), or such lesser amount (ii) if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madehereof. Each such Holder will described in the proviso of the immediately preceding sentence shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering. If no written request for inclusion from such a Holder is received within the specified time, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell include any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback . Each of the Holders on Schedule A hereto who has indicated it is delivering an Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Teekay Offshore Partners L.P.)

Participation. If Subject to Section 4(b) hereof, if at any time ------------- after the date hereof the Company proposes to file (i) files a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) registration on behalf Form S-4 or S-8 or any successor form to such Forms or any registration of any other Person who has or has been granted registration rights related securities as it relates to an Underwritten Offering (offering and sale to management of the “Other Holder”), Company pursuant to any employee stock plan or (iiother employee benefit plan arrangement) a prospectus supplement relating with respect to the sale of an offering that includes any shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten OfferingStock, then the Company shall give not less than four (4) Business Days’ prompt notice (including, but not limited to, notification by electronic mailthe "Initial Notice") (to the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities Investor and such Piggyback Notice the Investor shall offer such Holder the opportunity be entitled to include in such Underwritten Offering for Other Holders such number of Common Share Registration Statement any Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); held by it, provided, however, that the Company -------- ------- Investor shall not be required entitled to offer such opportunity participation rights with respect to the Registration Statement to be filed within ninety (A90) days following the issuance of securities under the Company's convertible senior subordinated notes offering (and the common stock issued upon conversion thereof) which closed on March 15, 2001, as such offering may be revised, amended, altered or supplemented in the discretion of the Company. If the Investor elects to include any or all of its Registrable Securities in such Registration Statement, then the Company shall give prompt notice (the "Piggyback Notice") to each Holder (excluding the Investor) and each such Holders if Holder shall be entitled to include in such Registration Statement any Registrable Securities held by it. The Initial Notice and Piggyback Notice shall offer the Investor and the Holders, together with their Affiliatesrespectively, do not offer a minimum the opportunity to register such number of $15 million shares of Common Share Registrable Securities, in Securities as the aggregate Investor and each Holder may request and shall set forth (determined by multiplying i) the anticipated filing date of such Registration Statement and (ii) the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date that is proposed to be included in such Registration Statement. The Company shall include in such Registration Statement such shares of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of which it has received written requests to register such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly within 15 days after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) Initial Notice and 7 days after such the Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofgiven.

Appears in 1 contract

Samples: Registration Rights Agreement (Yucaipa Companies)

Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01(a) of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 25 million of Common Share the then-outstanding Registrable Securities (based on the Purchase Price per Common Unit under the Purchase Agreement) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 4.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) two Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed indicated on Schedule B A hereto as having opted out shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.

Appears in 1 contract

Samples: Securities Agreement (American Midstream Partners, LP)

Participation. If at any time after the Company Lock-Up Date the Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a the Shelf Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), 2.01 or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01 of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) at any time after the Lock-up Date and after the Registration Statement has been declared effective the Partnership proposes to file a registration statement, other than a shelf registration statement, in each either case, for the sale of shares Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable but not less than three Business Days following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (a) the Partnership shall not be required to offer such opportunity to the Holders or (b) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b); and, provided, further, that the Partnership shall not be obligated to include any Registrable Securities in any Underwitten Offering unless the Holders request inclusion of at least $10.0 million of Registrable Securities in the aggregate in such Underwritten Offering. Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offering. Any Notwithstanding the foregoing, any Holder holding $10.0 million or more of Restricted Units, based on the Unit Purchase Price, may deliver written notice (a an Piggyback Opt-Opt Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, howeverthat, that such Holder may later revoke any such Piggyback Opt-Opt Out Notice in writingNotice. Following receipt of a Piggyback Opt-an Opt Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Legacy Reserves Lp)

Participation. If at In the event the Registrable Securities may not be disposed of without restriction pursuant to any time section of Rule 144 (or any similar provision then in effect) under the Company Securities Act, if the Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01(a) of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 30 million of Common Share the then-outstanding Registrable Securities (based on the Common Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed indicated on Schedule B A hereto shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.

Appears in 1 contract

Samples: Common Unit Purchase Agreement (Shell Midstream Partners, L.P.)

Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person Persons who has have or has have been granted registration rights related to an Underwritten Offering (the “Other HolderHolders), ) or (ii) following the Series B Conversion Date, a prospectus supplement relating to the sale of shares of Common Stock Units by any Other Holders to an effective “automatic” registration statement, so long as the Company Partnership is a WKSI at such time or, whether or not the Company Partnership is a WKSI, so long as the Common Share Conversion Unit Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock Units by Other Holders in an Underwritten OfferingOffering (including an Underwritten Offering undertaken pursuant to Section 2.03), then the Company Partnership shall give not less than four (4) three Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least ) owning more than $15 25 million of Common Share Conversion Unit Registrable Securities Securities, calculated on the basis of the Preferred Unit Price, and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Conversion Unit Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 25 million of Common Share Conversion Unit Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Conversion Unit Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock Units for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Conversion Unit Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then the amount of Common Share Conversion Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company Partnership or (y) the Holders have received notice from the Company Partnership that such proposed Underwritten Offering has been abandoned, which the Company Partnership shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) two Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Conversion Unit Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten OfferingOffering for Other Holders, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten OfferingOffering for Other Holders. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Conversion Unit Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Black Stone Minerals, L.P.)

Participation. If MarkWest, MarkWest Hydrocarbon or any subsidiary of MarkWest Hydrocarbon at any time the Company proposes to file (i) file a Registration Statement prospectus supplement to an effective shelf registration statement with respect to an Underwritten Offering of Common Units, (ii) register any Common Units for its own account for sale to the public in an Underwritten Offering other than than, in the case of this clause (ii), (a) a Registration Statement contemplated by Section 2.01(a)registration relating solely to employee benefit plans, (b) a registration relating solely to a Rule 145 transaction, or (c) a registration on any registration form which does not permit secondary sales, or (iii) register any Common Units on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, person for the sale of shares of Common Stock by Other Holders Units in an Underwritten Offering, then then, as soon as practicable following the Company engagement of counsel by MarkWest to prepare the documents to be used in connection with an Underwritten Offering, MarkWest shall give not less than four (4) Business Days’ written notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company MarkWest shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company MarkWest has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a materially adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities Units. The notice required to be offered for the accounts of provided in this Section 2.02(a) to Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) Holder. Subject to Section 2.02(b), MarkWest shall include in such proposed Underwritten Offering all such Registrable Securities (“Included Registrable Securities”) with respect to which MarkWest has been publicly announced by the Company or (y) the Holders have received requests within one Business Day after MarkWest’s notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersaccordance with Section 3.01. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten OfferingPiggyback Registration. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, MarkWest shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company MarkWest may, at its election, give written notice of such determination to the Selling Holders and, (1i) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2ii) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company MarkWest of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offering. Any No Holders shall be entitled to participate in any such Underwritten Offering under this Section 2.02(a) unless such Holder (together with any Affiliate that owns Registrable Securities and is a Selling Holder) holds at least $5 million of Registrable Securities in such offering (determined by multiplying the number of Registrable Securities owned by the average of the closing price for Common Units for the ten (10) trading days preceding the date of such notice). Notwithstanding the foregoing, any Holder may deliver written notice (a an Piggyback Opt-Opt Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, provided that any such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofnotice.

Appears in 1 contract

Samples: Registration Rights Agreement (Markwest Energy Partners L P)

Participation. If at any time So long as a Holder has Registrable Shares, if the Company proposes to file (i) a Registration Statement (shelf registration statement other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement to an effective shelf registration statement relating to the sale of shares equity securities of Common Stock by any Other Holders to an effective registration statement, so long as the Company is for its own account or that of another Person, or both, other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01(a) and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offering for its own account or that of another Person, or both, then promptly following the selection of the Managing Underwriter for such Underwritten Offering, then the Company shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 million the Piggyback Threshold Amount of Common Share the then-outstanding Registrable Securities Shares and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities Shares (the “Included Registrable SecuritiesShares”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (A) the Company shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 million the Piggyback Threshold Amount of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice)Shares, or such lesser amount if it constitutes the remaining holdings of the Holder such Holder, and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities Shares for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such the Underwritten Offering, then (x) if no Registrable Shares can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Company shall not be required to offer such opportunity to the Holders, or (y) if any Registrable Shares can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities Shares to be offered for the accounts of Holders shall be determined based on the provisions of allocation set forth in Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will shall then have four (4) five Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities Shares in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities Shares in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities Shares as part of such Underwritten Offering for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities Shares in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and in respect of such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofOffering.

Appears in 1 contract

Samples: Registration Rights Agreement (Guild Holdings Co)

Participation. If at any time So long as a Holder has Registrable Securities, if the Company Partnership proposes to file file, whether for its own account or for the account of the Holders: (i1) a Registration Statement shelf registration statement (other than a the Registration Statement contemplated by Section 2.01(a2.01) or (2) a registration statement other than a shelf registration statement (other than a registration statement on Form S-4 or S-8 or any successor forms thereto), including a registration statement for a Secondary Offering or a Primary Offering as contemplated by Section 2.02(a) on behalf or Section 2.02(b), respectively (each of any other Person who has or has been granted registration rights related to an Underwritten Offering (the 1) and (2), a Other HolderPiggyback Registration”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ prompt written notice (including, but not limited to, notification by electronic mail) (the a “Piggyback Notice”) of such proposed Underwritten Offering (including notice by electronic mail) to each Holder that, together with its Affiliates, owns holding at least $15 $ million of Common Share the then-outstanding Registrable Securities (based on the last sales price of the Common Units as of the trading date prior to the time of such registration) regarding such proposed registration, and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders Piggyback Registration: (x) such number of Common Share Registrable Securities as each such Holder may request, or (the “Included y) a number of Primary Units in order to effect a Redemption of Registrable Securities”) Securities as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b)request. Each Piggyback Notice shall specify, at a minimum, the number and type of securities proposed to be provided to Holders on a Business Day pursuant to Section 3.01 and receipt registered, the proposed date of filing of such notice shall be confirmed Piggyback Registration with the Commission, the proposed means of distribution, the proposed Managing Underwriter or underwriters (if any and kept confidential if known) and a good faith estimate by the Holders until either (x) Partnership of the proposed minimum offering price of such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madesecurities. Each such Holder will have four shall make such request in writing to the Partnership (4including by electronic mail) Business Days within five (5) business days (or two one (21) Business Days business day in connection with any overnight or bought Underwritten Offering) after the receipt of any such Piggyback Notice has been delivered Notice, which request shall specify the number of Registrable Securities intended to request in writing be disposed of by such Holder or the number of Registrable Securities such Holder intends to have redeemed by the Partnership, and, subject to the Company terms and conditions of this Agreement, the inclusion of Common Share Partnership shall use its reasonable best efforts to include in such Piggyback Registration all Registrable Securities in held by such Holders and/or a number Primary Units required to effect a Redemption of the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringrequested by such Holders; provided, such Holder shall have no further right to participate in such Underwritten Offering. Ifthat if, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders register equity securities and prior to the pricing effective date of the registration statement filed in connection with such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreementregistration, the Company Partnership shall determine for any reason not to register such equity securities, the Partnership may, at its election, give written notice of such determination within five business days thereof to the Selling Holders each Holder of Registrable Securities and, (1) in the case of a termination of such Underwritten Offeringthereupon, shall not be relieved of its obligation obligated to sell register any Included Registrable Securities or Primary Units in connection with such terminated Underwritten Offeringregistration (but shall nevertheless pay the Registration Expenses in connection therewith), and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; providedwithout prejudice, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), to the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as rights of the date hereofHolders of Registrable Securities that a registration be effected under Section 2.01 or Section 2.02.

Appears in 1 contract

Samples: Registration Rights Agreement (PennTex Midstream Partners, LP)

Participation. If at any time (i) on or after January 1, 2023, and (ii) except in connection with the Company exercise of a demand registration pursuant to Section 2.03, prior to December 31, 2027, (x) the Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (iiy) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statementstatement of the Partnership, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offeringincluding pursuant to Section 2.03, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, including notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder thatInvestor, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice shall offer such Holder Investor (on behalf of and as representative of each Holder) the opportunity to include in such Underwritten Offering for Other Holders such a number of Common Share Registrable Securities (including the securities being registered pursuant to Section 2.03) (the “Included Registrable Securities”); provided, however, that the aggregate amount of Registrable Securities that may be included in Underwritten Offerings pursuant to piggyback registration rights exercised in any twelve month period pursuant to this Section 2.02 shall not exceed one third of the aggregate number of Registrable Securities that is the sum of: (A) a number of Registrable Securities that would be outstanding if the NEP Member exercised its Call Option for all outstanding Class B Units in full on the date of the Piggyback Notice equal to (x) the product of the Call Option Purchase Price with respect to all then outstanding Class B Units and (y) 0.70, divided by the 10-day VWAP average on the date of the Piggyback Notice and (B) the number of Registrable Securities outstanding as of the date of the Piggyback Notice (or such Holder larger number of Registrable Securities, to the extent consented to by the Partnership in its sole and absolute discretion) (the “Maximum Number”), as Investor may request in writing (a “Piggyback Registration”); provided, however, provided further that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Investor (on behalf of all Holders, together with their Affiliates, do ) does not offer request registration of a minimum of $15 50 million of Common Share Registrable Securities, Securities in the aggregate (determined by multiplying the number of Common Share Included Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock Average VWAP for the ten (10) trading days Trading Days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, Piggyback Notice) or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Class B Purchasers and the other Holders will have an a materially adverse effect on the price, timing timing, or distribution of the shares of Common Stock Units in such Underwritten Offering, then in which case the amount of Common Share Registrable Securities to be offered for the accounts account of the Investor and the other Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders Investor on a Business Day pursuant to Section 3.01 3.01, and receipt of such notice shall be confirmed and kept confidential by Investor and the other Holders (and neither Investor nor any other Holder receiving such notice shall purchase or sell Common Units) (provided that any Holder may provide such notice to its personnel, advisors, and other representatives on a confidential basis) until either (x) such proposed Underwritten Offering has been publicly announced by the Company Partnership or (y) the Holders have Investor has received notice from the Company Partnership that such proposed Underwritten Offering has been abandoned, which the Company Partnership shall provide to the Holders Investor reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder Investor will have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to (on behalf of all Holders) that the Company the inclusion Partnership include a number of Common Share Registrable Securities in the Underwritten Offering for Other Holdersup to the Maximum Number. If no request for inclusion from a Holder Investor is received by the Company Partnership within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such neither Investor nor any Holder shall have no any further right to participate in such Underwritten Offering. If, at any time after giving written notice of the CompanyPartnership’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, Partnership shall give written notice of such determination to the Selling Holders andInvestor (on behalf of all Holders), and (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Investor (on behalf of any Selling Holder Holder) shall have the right to withdraw such Selling Holder’s its request for inclusion of such Selling Holder’s Common Share Registrable Securities Securities, in whole or in part (subject to the other provisions of this Agreement), in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one two (12) Business Day Days prior to the time of pricing of such Underwritten Offering. Any Holder Investor may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder Investor (on behalf of all Holders) not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder Investor may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Investor or any Holder pursuant to this Section 2.02(a) ), and such Holder the Holders shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is subsequently revoked by Investor. Investor shall have the right (on behalf of all 8 Holders) to exercise the piggyback registration rights set forth in this Section 2.02 up to four (4) times, but not more frequently than once in any six-month period; provided, however, that if the number of Included Registrable Securities included in the Underwritten Offering is reduced by fifty percent (50%) or more, Investor (on behalf of all Holders) will have the right to withdraw from such Holder. The Holders listed on Schedule B Underwritten Offering by delivering written notice to the Partnership at least two (2) Business Days prior to the time of pricing of such Underwritten Offering, and such exercise of piggyback registration rights will not decrease the number of piggyback registration rights that Investor shall each be deemed have the right to have delivered a Piggyback Opt-Out Notice as of the date hereofrequest under this Section 2.02(a).

Appears in 1 contract

Samples: Contribution Agreement (NextEra Energy Partners, LP)

Participation. If at any time after the Company first anniversary of the Closing Date the Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”including pursuant to Section 2.03), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least $15 million of Common Share ) owning Registrable Securities and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Unit Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that (A) the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 50 million of Common Share Unit Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Unit Registrable Securities owned by the average of VWAP Price for the closing price 30 consecutive trading days ending on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days date immediately preceding the date of such noticethe Piggyback Notice), or such lesser amount if it constitutes the remaining holdings of the Holder Holders and its their Affiliates, or and (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Unit Registrable Securities for sale for the benefit of such Holders will have an a material adverse effect on the price, timing or distribution of the shares of any Class A Common Stock Units in such Underwritten Offering, then the amount of Common Share Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company Partnership or (y) the Holders have received notice from the Company Partnership that such proposed Underwritten Offering has been abandoned, which the Company Partnership shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company Partnership the inclusion of Common Share Unit Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company Partnership within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the CompanyPartnership’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Unit Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) 2.02 and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a)2.02, unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule SCHEDULE B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Genesis Energy Lp)

Participation. If at any time during the Company Registration Period, Atlas proposes to file (i) a shelf registration statement other than the Registration Statement (other than in which event Atlas covenants and agrees to include thereon a Registration Statement contemplated by Section 2.01(a)) on behalf description of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”transaction under which the Titan Unitholders acquired the Registrable Securities), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are contemplated by Section 2.01(a)(i) of this Agreement and Holders could be included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each either case, for the sale of shares of Atlas Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, then the Company shall give as soon as practicable but not less than four three Business Days prior to the filing of (4A) Business Days’ any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (B) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (C) such registration statement, as the case may be, then Atlas shall give notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each the Majority Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Atlas Common Share Registrable Securities Units (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Atlas has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Atlas Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b)) of this Agreement. Each The notice required to be provided in this Section 2.02(a) to the Majority Holder (the “Piggyback Notice Notice”) shall be provided to Holders on a Business Day pursuant to Section 3.01 and hereof. Promptly upon receipt of such notice the Piggyback Notice, the Majority Holder shall be confirmed and kept confidential by notify the other Holders until either (xif any) such proposed of the opportunity to include in the Underwritten Offering has been publicly announced by such number of Atlas Common Units as each such Holder may request in writing. Each Holder shall then have three Business Days after the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, date on which the Company shall provide to Majority Holder received the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Atlas shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Atlas may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company Atlas of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to Each Holder’s rights under this Section 2.02(a) and shall terminate when such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by (together with any Affiliates of such Holder. The Holders listed ) holds, directly or indirectly, less than $15 million in the aggregate of Registrable Securities, based on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofCommon Unit Price.

Appears in 1 contract

Samples: Registration Rights Agreement (Atlas Resource Partners, L.P.)

Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a the Shelf Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)2.01, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01 of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each either case, for the sale of shares Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least Holders holding $15 30.0 million or more of Common Share Registrable Securities Purchased Units based on the purchase price per unit under the Purchase Agreement and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (a) the Partnership shall not be required to offer such opportunity to the Holders or (b) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b); and provided, further, that the Partnership shall not be obligated to include any Registrable Securities in any Underwritten Offering unless the Holders request inclusion of at least $5.0 million of Registrable Securities in the aggregate in such Underwritten Offering. Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offering. Any Notwithstanding the foregoing, any Holder holding $30.0 million or more of Purchased Units, based on the purchase price per unit under the Purchase Agreement, may deliver written notice (a an Piggyback Opt-Opt Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, howeverthat, that such Holder may later revoke any such Piggyback Opt-Opt Out Notice in writingNotice. Following receipt of a Piggyback Opt-an Opt Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Enterprise GP Holdings L.P.)

Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person Holder, other than Xxxxxxxx 66 or any of its Affiliates, who has or has been granted registration rights related to an Underwritten Offering undertaken pursuant to Section 2.03 (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock Units by any Other Holders to an effective “automatic” registration statement, so long as the Company Partnership is a WKSI at such time or, whether or not the Company Partnership is a WKSI, so long as the Common Share Unit Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock Units by Other Holders in an Underwritten OfferingOffering undertaken pursuant to Section 2.03, then the Company Partnership shall give not less than four (4) three Business Days’ notice (including, but not limited to, or two Business Days’ notice in connection with any overnight or bought Underwritten Offering) (including notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 20 million of Common Share Unit Registrable Securities (based on the Common Unit Price), and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 20 million of Common Share Unit Registrable SecuritiesSecurities (based on the Common Unit Price), in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliatesaggregate, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Unit Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then in which case the amount of Common Share Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company Partnership or (y) the Holders have received notice from the Company Partnership that such proposed Underwritten Offering has been abandoned, which the Company Partnership shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) three Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company Partnership the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company Partnership within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the CompanyPartnership’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Unit Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof. Each Holder’s rights under this Section 2.02(a) shall terminate upon such Holder (together with its Affiliates) ceasing to hold at least $20 million of Common Unit Registrable Securities (based on the Common Unit Price). Each Holder shall notify the Partnership in writing when such Holder (together with its Affiliates) holds less than $20 million of Common Unit Registrable Securities (based on the Common Unit Price).

Appears in 1 contract

Samples: Registration Rights Agreement (Phillips 66 Partners Lp)

Participation. If at In the event the Registrable Securities may not be disposed of without restriction pursuant to any time section of Rule 144 (or any similar provision then in effect) under the Securities Act, if the Company proposes to file (i) a Registration Statement (prospectus supplement to an existing or future effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Shares in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Company to prepare the documents to be used in connection with an Underwritten Offering, then the Company shall give not less than four (4) Business Days’ notice (includingwhich may include, but not limited towithout limitation, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns holds in the aggregate at least $15 10.0 million of the then-outstanding Registrable Securities (based on the Common Share Registrable Securities Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (i) the Company shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 10.0 million of Registrable Securities (based on the Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticePrice), or such lesser amount (ii) if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Shares in such the Underwritten Offering, then (A) the Company shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madehereof. Each such Holder will described in the proviso of the immediately preceding sentence shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering. If no written request for inclusion from such a Holder is received within the specified time, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell include any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Company pursuant to this Section 2.02(a), unless such Piggyback . Each of the Holders on Schedule A hereto who has indicated it is delivering an Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Teekay Corp)

Participation. If at any time the Company CEI proposes to file (i) a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf 2.01 of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)this Agreement, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentregistration statement, in each either case, for the sale of shares of Common Stock by Other Holders in an Underwritten OfferingOffering for its own account, then the Company shall give as soon as practicable but not less than four three Business Days prior to the filing of (4x) Business Days’ any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (y) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (z) such registration statement, as the case may be, then CEI shall give notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company CEI has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts account of Holders shall be determined based on the provisions of Section 2.02(b)) of this Agreement. Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) three Business Days (or two (2) Business Days after receiving such notice to request inclusion of Registrable Securities in connection with any overnight or bought the Underwritten Offering) , except that such Holder shall have one Business Day after such Piggyback Notice has been delivered Holder confirms receipt of the notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersin the case of a “bought deal,” “registered direct offering” or “overnight transaction” where no preliminary prospectus is used. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, CEI shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company CEI may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company CEI of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such offering. No Holder shall be entitled to participate in any such Underwritten OfferingOffering under this Section 2.02(a) unless such Holder (together with any Affiliate of such Holder) participating therein held at least $10,000,000 of Common Stock as of the Closing Date, based on a valuation price of $0.7164 per share of Common Stock. Any Notwithstanding the foregoing, any Holder may deliver written notice (a an Piggyback Opt-Opt Out Notice”) to the Company CEI requesting that such Holder not receive notice from the Company CEI of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofnotice.

Appears in 1 contract

Samples: Registration Rights Agreement (CAMAC Energy Inc.)

Participation. If at any time the Company Linn proposes to file (i) a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf 2.01 of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)this Agreement, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentregistration statement, in each either case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, then the Company shall give as soon as practicable but not less than four three Business Days prior to the filing of (4x) Business Days’ any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (y) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (z) such registration statement, as the case may be, then Linn shall give notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Linn has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b)) of this Agreement. Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) three Business Days (or two (2) Business Days after receiving such notice to request inclusion of Registrable Securities in connection with any overnight or bought the Underwritten Offering) , except that such Holder shall have one Business Day after such Piggyback Notice has been delivered Holder confirms receipt of the notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersin the case of a “bought deal” or “overnight transaction” where no preliminary prospectus is used. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Linn shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Linn may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company Linn of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Each Holder’s rights under this Section 2.02(a) shall terminate when such Holder (together with any Affiliates of such Holder) holds less than $10,000,000 of Purchased Class C Units (or Units issued upon conversion of the Class C Units) and Purchased Units, based on the Commitment Amounts. Notwithstanding the foregoing, any Holder may deliver written notice (a an Piggyback Opt-Opt Out Notice”) to the Company Linn requesting that such Holder not receive notice from the Company Linn of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofnotice.

Appears in 1 contract

Samples: Registration Rights Agreement (Linn Energy, LLC)

Participation. If at In the event the Registrable Securities may not be disposed of without restriction pursuant to any time section of Rule 144 (or any similar provision then in effect) under the Company Securities Act, if the Partnership proposes to file (i) a Registration Statement (prospectus supplement to an existing or future effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (includingwhich may include, but not limited towithout limitation, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns holds in the aggregate at least $15 10.0 million of Common Share the then-outstanding Registrable Securities (based on the Common Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (i) the Company Partnership shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 10.0 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price (based on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticeUnit Price), or such lesser amount (ii) if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madehereof. Each such Holder will described in the proviso of the immediately preceding sentence shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering. If no written request for inclusion from such a Holder is received within the specified time, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell include any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback . Each of the Holders on Schedule A hereto who has indicated it is delivering an Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Teekay Offshore Partners L.P.)

Participation. If at any time the Company PAPI proposes to file (i) a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf 2.01 of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)this Agreement, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentregistration statement, in each either case, for the sale of shares of Common Stock by Other Holders in an Underwritten OfferingOffering for its own account and/or another Person, then the Company shall give as soon as practicable but not less than four three Business Days prior to the filing of (4x) Business Days’ any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (y) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (z) such registration statement, as the case may be, then PAPI shall give notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company PAPI has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b)) of this Agreement. Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) three Business Days (or two (2) Business Days after receiving such notice to request inclusion of Registrable Securities in connection with any overnight or bought the Underwritten Offering) , except that such Holder shall have one Business Day after such Piggyback Notice has been delivered Holder confirms receipt of the notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersin the case of a “bought deal”, “registered direct offering” or “overnight transaction” where no preliminary prospectus is used. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, PAPI shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company PAPI may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in EXECUTION COPY connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company PAPI of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such offering. No Holder shall be entitled to participate in any such Underwritten OfferingOffering under this Section 2.02(a) unless such Holder (together with any Affiliate of such Holder) participating therein held at least $10,000,000 of Purchased Common Stock as of the Closing Date. Any Notwithstanding the foregoing, any Holder may deliver written notice (a an Piggyback Opt-Opt Out Notice”) to the Company PAPI requesting that such Holder not receive notice from the Company PAPI of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofnotice.

Appears in 1 contract

Samples: Registration Rights Agreement (Pacific Asia Petroleum Inc)

Participation. If at any time the Company Linn Energy proposes to file (i) a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf 2.01 of any other Person who has or has been granted this Agreement and the registration rights related to an Underwritten Offering (statement covering the “Other Holder”)units held by the Class B Holders and the Class C Holders, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentregistration statement, in each either case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, then the Company shall give as soon as practicable but not less than four three Business Days prior to the filing of (4x) Business Days’ any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (y) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (z) such registration statement, as the case may be, then Linn Energy shall give notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Linn Energy has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b)) of this Agreement. Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) three Business Days (or two (2) Business Days after receiving such notice to request inclusion of Registrable Securities in connection with any overnight or bought the Underwritten Offering) , except that such Holder shall have one Business Day after such Piggyback Notice has been delivered Holder confirms receipt of the notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersin the case of a “bought deal” or “overnight transaction” where no preliminary prospectus is used. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Linn Energy shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Linn Energy may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company Linn Energy of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Each Holder’s rights under this Section 2.02(a) shall terminate when such Holder (together with any Affiliates of such Holder) holds less than $25,000,000 of Purchased Units, based on the Commitment Amounts. Notwithstanding the foregoing, any Holder may deliver written notice (a an Piggyback Opt-Opt Out Notice”) to the Company Linn Energy requesting that such Holder not receive notice from the Company Linn Energy of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofnotice.

Appears in 1 contract

Samples: Registration Rights Agreement (Linn Energy, LLC)

Participation. If (a) At any time or from time-to-time (prior to the time with respect to any Holder as the rights of such Holder under this Agreement may be terminated pursuant to Section 2.4), if Parent at any time the Company proposes to file (i) file a Registration Statement (including a secondary registration) with respect to any offering and sale of its Common Stock for its own account or for the account of any shareholder who holds its securities (other than (A) a Registration Statement contemplated by Section 2.01(a)registration on Form S-4 or S-8 or any successor form to such forms, (B) on behalf a registration of securities solely relating to an offering and sale to employees, directors or consultants of Parent pursuant to any employee stock plan or other Person employee benefit plan arrangement, (C) a registration of debt securities, or (D) solely for security holders who has or has been granted have registration rights related as of the date of this Agreement (and solely to the extent they have such rights); provided that, this exception shall not apply to an Underwritten Offering (the “Other Holder”)Offering, or (ii) engage in or arrange a prospectus supplement relating private offering and sale of its Common Stock, for its own account and for the account of any shareholder who holds its securities (each, a “Parent Sale”); then, as expeditiously as reasonably practicable (but in no event less than twenty (20) days prior to the sale proposed date of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at filing such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statementproposed closing of the private offering and sale (as applicable), or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offering, then the Company Parent shall give not less than four (4) Business Days’ written notice (including, but not limited to, notification by electronic mail) (the “Piggyback Sale Rights Notice”) of such proposed Underwritten Offering filing or sale to each Holder thatall Holders of Registrable Securities, together with its Affiliates, owns at least $15 million and such notice shall offer the Holders of Common Share such Registrable Securities and such Piggyback Notice shall offer such Holder the opportunity to include participate in such Underwritten Offering for Other Holders sale by selling such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback RegistrationSale Right”); provided, however, that that, the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable SecuritiesSecurities included in each Parent Sale, in the aggregate aggregate, shall not exceed thirty percent (determined by multiplying 30%) of all the securities proposed to be sold in the applicable Parent Sale and if Participating Holders have requested the inclusion of Registrable Securities in the Parent Sale that would exceed such thirty percent (30%) limitation, then the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for included in the accounts of Holders Parent Sale shall be determined reduced, pro rata based on the provisions number of Section 2.02(b)securities requested to be included by each Participating Holder. Each Piggyback Notice shall be provided to Holders on a Business Day pursuant Subject to Section 3.01 and receipt of 2.1(d) below, Parent shall include in Parent Sale all such notice shall Registrable Securities which are properly requested to be confirmed and kept confidential by the Holders until either included therein within fifteen (x15) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly days after the final decision Sale Rights Notice is given to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or Solely with respect to this Article II, if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders a Sale Rights Notice and prior to (i) the pricing effective date of the Registration Statement filed in connection with such Underwritten OfferingParent Sale or (ii) the closing of a private Parent Sale, such Underwritten Offering is terminated Parent shall determine for any reason not to complete or delayed pursuant to delay the provisions of this AgreementParent Sale, the Company Parent may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case each Holder of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.and,

Appears in 1 contract

Samples: Sale Rights Agreement (Quepasa Corp)

Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person Persons, other than Anadarko Petroleum Corporation and its Affiliates (collectively, “APC”), who has have or has have been granted registration rights related to an Underwritten Offering (the “Other HolderHolders), ) or (ii) following the Series A Conversion Date, a prospectus supplement relating to the sale of shares of Common Stock Units by any Other Holders to an effective “automatic” registration statement, so long as the Company Partnership is a WKSI at such time or, whether or not the Company Partnership is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock Units by Other Holders in an Underwritten OfferingOffering (including an Underwritten Offering undertaken pursuant to Section 2.03), then the Company Partnership shall give not less than four (4) three Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least ) owning more than $15 50 million of Common Share Registrable Securities Securities, calculated on the basis of the Purchased Unit Price (the “Tag-Along Holders”), and such Piggyback Notice shall offer such Tag-Along Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Tag-Along Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such Tag-Along Holders if the Tag-Along Holders, together with their Affiliates, do not offer a minimum of $15 25 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange NYSE for the shares of Common Stock Units for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Tag-Along Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Tag-Along Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Tag-Along Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Tag-Along Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Tag-Along Holders until either (x) such proposed Underwritten Offering has been is (x) publicly announced by the Company or (y) the Holders have such Tag-Along Holder received notice from the Company that such proposed Underwritten Offering has been abandoned, which such abandonment notice shall be provided promptly by the Company shall provide Partnership to each Tag-Along Holder but no later than 14 days after delivery of the Holders reasonably promptly after the final decision Piggyback Notice to abandon a proposed Underwritten Offering has been madeTag-Along Holders. Each such Tag-Along Holder will have four (4) two Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Tag-Along Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Tag-Along Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten OfferingOffering for the Other Holders, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten OfferingOffering for Other Holders. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Western Gas Partners LP)

Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person Persons who has have or has have been granted registration rights related to an Underwritten Offering (the “Other HolderHolders), ) or (ii) following the Series B Conversion Date, a prospectus supplement relating to the sale of shares of Common Stock Units by any Other Holders to an effective “automatic” registration statement, so long as the Company Partnership is a WKSI at such time or, whether or not the Company Partnership is a WKSI, so long as the Common Share Conversion Unit Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock Units by Other Holders in an Underwritten OfferingOffering (including an Underwritten Offering undertaken pursuant to Section 2.03), then the Company Partnership shall give not less than four (4) three Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least ) owning more than $15 25 million of Common Share Conversion Unit Registrable Securities Securities, calculated on the basis of the Preferred Unit Price, and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Conversion Unit Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 25 million of Common Share Conversion Unit Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Conversion Unit Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock Units for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Conversion Unit Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then the amount of Common Share Conversion Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company Partnership or (y) the Holders have received notice from the Company Partnership that such proposed Underwritten Offering has been abandoned, which the Company Partnership shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) two Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Conversion Unit Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten OfferingOffering for Other Holders, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten OfferingOffering for Other Holders. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Conversion Unit Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Black Stone Minerals, L.P.)

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