Participation. If at any time USWS proposes to file (i) at a 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 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included 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 Class A Common Stock in an Underwritten 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 USWS shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, and such notice shall offer such Holder the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if 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, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 3.1 hereof and confirmation of receipt of such notice shall be requested in the notice. The Holder will have two Business Days after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback Registration. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS of such withdrawal up to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS requesting that such Holder not receive notice from USWS of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 7 contracts
Sources: 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 USWS the Company proposes to file (i) at a time when USWS is not Registration Statement (other than a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a2.01(a)) on behalf of this Agreement that is currently effectiveany 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 shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS the Company is a WKSI at such time or, whether or not USWS 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 in 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 Class A shares of Common Stock by Other Holders in an Underwritten 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 salesOffering, then USWS the Company shall give not less than three four (34) Business Days advance Days’ notice (including, but not limited to, notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than at least $5.0 15 million of Common Share Registrable Securities, Securities and such notice Piggyback 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 USWS (A) the Company shall not be required to include the Registrable Securities of the offer such opportunity (A) to such Holders in such Registration if the Holders Holders, together with their Affiliates, do not offer a minimum of $5.0 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 USWS 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 the such Holders will have an adverse effect on the offering price, timing or probability of success of the distribution of the Class A shares of Common Stock in the 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 2.2(b2.02(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 3.1 hereof 3.01 and confirmation of receipt of such notice shall be requested in confirmed and kept confidential by the noticeHolders 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. The Each such Holder will have two four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after notice such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten OfferingOffering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified timetime 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 Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its the Company’s intention to undertake an Underwritten Offering for Other Holders and prior to the closing pricing of such Underwritten Offering, USWS shall determine for any reason not to undertake or to delay such Underwritten OfferingOffering is terminated or delayed pursuant to the provisions of this Agreement, USWS the Company may, at its election, give written notice of such determination to the Selling Holders and, (x1) in the case of a determination not to undertake 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 (y2) 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 USWS the Company of such withdrawal up at least one (1) Business Day prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS the Company requesting that such Holder not receive notice from USWS the Company of any proposed Underwritten OfferingOffering 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), USWS the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS for Other Holders pursuant to this Section 2.2(a2.02(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
Sources: Registration Rights Agreement (Equitrans Midstream Corp), Preferred Restructuring Agreement (Equitrans Midstream Corp), Preferred Restructuring Agreement (EQM Midstream Partners, LP)
Participation. If at any time USWS So long as a Holder has Common Unit Registrable Securities, if the Partnership proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in other than a Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective2.01(a), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under statement relating to the Securities Act)sale of equity securities of the Partnership for its own account or that of another Person, so long as USWS is or both, other than a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 Class A Common Stock Units in an Underwritten Offering for its own account and/or or that 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 statement on any registration form which does not permit secondary salesboth, then USWS promptly following the selection of the Managing Underwriter for such Underwritten Offering, the Partnership shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than $5.0 million ) holding at least the Piggyback Threshold Amount of the then-outstanding Common Unit Registrable Securities, Securities (calculated based on the Common Unit Price) and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Common Unit Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) the Partnership shall not be required to include the Registrable Securities of the Holders in provide such Registration if the Holders do opportunity to any such Holder that does not offer a minimum of $5.0 million the Piggyback Threshold Amount of Common Unit Registrable SecuritiesSecurities (based on the Common Unit Price), or such lesser amount if it constitutes the remaining holdings of such Holder, and (B) if USWS the Partnership has been advised by the Managing Underwriter that the inclusion of Common Unit 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 Units in 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 Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 Any 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 provided in this Section 2.02(a) to 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 3.1 hereof and confirmation of receipt of such notice shall be requested in confirmed by the noticeHolder. The Each such Holder will shall then have two five Business Days (or three Business Days in connection with any overnight or bought Underwritten Offering) after notice has been delivered to request in writing the inclusion of Common Unit Registrable Securities in the Underwritten Offering. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x1) in the case of a 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 (y2) 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 Unit Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Partnership pursuant to this Section 2.2(a2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 4 contracts
Sources: Registration Rights Agreement (NGL Energy Partners LP), Class D Preferred Unit and Warrant Purchase Agreement (NGL Energy Partners LP), Registration Rights Agreement (NGL Energy Partners LP)
Participation. If at any time USWS the Company proposes to file (i) at a time when USWS the Company is not a WKSI, a registration statement Registration Statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf automatic” registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS the Company is a WKSI at such time or, whether or not USWS the Company is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf shelf Registration Statement or are included in 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 Class A Common Stock Units in an Underwritten Offering 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 statement on any registration form which does not permit secondary sales, then USWS the Company shall give not less than three (3) Business Days advance Days’ notice (including, but not limited to, notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) owning more than $5.0 32.5 million of Registrable SecuritiesCommon Units, calculated on the basis of the Purchased Unit Price, and such notice Piggyback Notice shall offer such Holder the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) the Company shall not be required to include the Registrable Securities of the offer such opportunity (aa) to such Holders in such Registration if the Holders Holders, together with their Affiliates, do not offer a minimum of $5.0 20 million of Registrable Securities, in the aggregate (determined by multiplying the number of Registrable Securities owned by the average of the closing price on the NYSE for the Common Units for the ten trading days preceding the date of such notice), or (Bbb) to such Holders if USWS and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the such Holders will have an a material adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 3.1 hereof and confirmation of receipt of 3.1. Each such notice shall be requested in the notice. The Holder will have two Business Days (or one Business Day in connection with any overnight or bought Underwritten Offering) after notice such Piggyback Notice has been delivered to specifically request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback Registration. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Company shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Company may, at its election, give written notice of such determination to the Selling Holders and, (xAA) in the case of a 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 (yBB) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Company of such withdrawal up to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS the Company requesting that such Holder not receive notice from USWS the Company of any proposed Underwritten Offering; 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), USWS the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Company pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 4 contracts
Sources: Registration Rights Agreement (EnLink Midstream, LLC), Securities Purchase Agreement (EnLink Midstream Partners, LP), Securities Purchase Agreement (EnLink Midstream Partners, LP)
Participation. If at any time USWS Eagle Rock proposes to file (i) at a 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 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf Registration Statementcontemplated by Section 2.01 of this Agreement, or in any case in which Holders may participate in such offering without the filing of (ii) a post-effective amendmentregistration statement, other than a shelf registration statement, in each either case, for the sale of Class A Common Stock Units in an Underwritten 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 USWS shall give as soon as practicable but not less than three (3) Business Days advance 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 Eagle Rock shall give notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, the Holders and such notice shall offer such Holder the Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Eagle Rock has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have an a material adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 (B2.02(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 this Agreement. The 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 provided in this Section 2.02(a) to 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 3.1 3.01 hereof and confirmation of receipt of such notice shall be requested in the noticeconfirmed by such Holder. The Each such Holder will shall then have two three (3) Business Days after receiving such notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering, except that such Holder shall have one (1) Business Day after such Holder confirms receipt of the notice to request inclusion of Registrable Securities in the Underwritten Offering in 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 within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS Eagle Rock shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS Eagle Rock may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering offering by giving written notice to USWS Eagle Rock of such withdrawal up to and including the time of pricing of such offering. Any No Holder shall be entitled to participate in any such Underwritten Offering 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. Notwithstanding the foregoing, any Holder may deliver written notice (a an “Piggyback Opt-Opt Out Notice”) to USWS Eagle Rock requesting that such Holder not receive notice from USWS Eagle Rock of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holdernotice.
Appears in 4 contracts
Sources: Common Unit Purchase Agreement (Eagle Rock Energy Partners L P), Registration Rights Agreement (Eagle Rock Energy Partners L P), Common Unit Purchase Agreement (Eagle Rock Energy Partners L P)
Participation. If If, at any time USWS proposes or from time to file (i) at time after the date hereof, the Company shall determine to register the sale of any of its securities or conduct an offering of registered securities in connection with an Underwritten Offering of its securities to the general public for cash on a time when USWS is not a WKSI, a form which would permit the registration statement and such Holder has not previously included its or offering of Registrable Securities in secondary sales (including, for the avoidance of doubt, pursuant to a Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities ActStatement), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included 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 Class A Common Stock in an Underwritten 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 USWS the Company shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-mail; such notice, a “Piggyback Notice”) of such proposed registration or Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable SecuritiesHolder, and such notice shall offer such Holder the opportunity to participate in any such registration or Underwritten Offering and to include in such Underwritten Offering therein such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Company has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have an material and adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock in the Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b). If USWS 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 clause (B) of the proviso of the immediately preceding sentence, then USWS 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 USWSthe Company’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 USWSthe Company, shall include notification that the Holders do not have the opportunity to include Registrable Securities in such Underwritten Offering because USWS 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 an a material and 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 Company is so advised by the proviso of the immediately preceding sentence is made Managing Underwriter after the Piggyback Notice has been given, then USWS the Company shall notify the Holders who were provided such Piggyback Notice (or if the two 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 3.1 hereof and confirmation of receipt of such notice shall be requested in the notice. The , and each Holder will have two five Business Days (or, in the case of an “overnight” offering or a “bought deal,” one Business Day) after notice a Piggyback Notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten OfferingPiggyback Registration referenced therein. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback Registration. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Company shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Company may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Company of such withdrawal up to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS the Company requesting that such Holder not receive notice from USWS the Company of any proposed Underwritten Offering; 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, USWS the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Company pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 3 contracts
Sources: Registration Rights Agreement (Calumet, Inc. /DE), Conversion Agreement (Calumet Specialty Products Partners, L.P.), Conversion Agreement (Calumet Specialty Products Partners, L.P.)
Participation. If at any time USWS the Partnership proposes to file during the Effectiveness Period (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in other than a Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective2.01(a), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS is other than a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are contemplated by Section 2.01(a) and Holders may be included in an effective Shelf 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 Class A Common Stock Units in an Underwritten Offering for its own account and/or or that 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 statement on any registration form which does not permit secondary salesboth, then USWS as soon as practicable following the selection of the Managing Underwriter for such Underwritten Offering, the Partnership shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than $5.0 million ) holding at least the Threshold Amount of the then-outstanding Registrable Securities, Securities and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) the Partnership shall not be required to include the Registrable Securities of the Holders in provide such Registration if the Holders do opportunity to any such Holder that does not offer a minimum of $5.0 million the Threshold Amount of Registrable Securities, or and (B) if USWS the Partnership 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 Units in 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 Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 Any 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 provided pursuant to this Section 2.02(a) to 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 3.1 hereof and confirmation of receipt of such notice shall be requested in confirmed by the noticeHolder. The Each such Holder will shall then have two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Partnership pursuant to this Section 2.2(a2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 3 contracts
Sources: Registration Rights Agreement (Sanchez Midstream Partners LP), Registration Rights Agreement (Sanchez Production Partners LP), Class B Preferred Unit Purchase Agreement (Sanchez Production Partners LP)
Participation. If at any time USWS the Partnership proposes to file (i) at a time when USWS is not Registration Statement (other than a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a2.01(a)) on behalf of this Agreement that is currently effectiveany other Holder, other than DRI or any of its Affiliates, who has registration rights related to an Underwritten Offering undertaken pursuant to Section 2.03 (“Other Holder”), or (ii) a prospectus supplement relating to the sale of Common Units by any Other Holders to an effective “automatic shelf automatic” registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS the Partnership is a WKSI at such time or, whether or not USWS the Partnership is a WKSI, so long as the Common Unit Registrable Securities were previously included in the underlying Shelf shelf Registration Statement or are included in 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 Class A Common Stock Units by Other Holders in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely undertaken pursuant 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 salesSection 2.03, then USWS the Partnership shall give not less than three (3) four Business Days advance Days’ notice (including, but not limited to, including notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than $5.0 million of ) owning Common Unit Registrable Securities, Securities and such notice Piggyback Notice shall offer such Holder the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Common Unit Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) the Partnership shall not be required to include the Registrable Securities of the offer such opportunity (A) to such Holders in such Registration if the Holders Holders, together with their Affiliates, do not offer a minimum of $5.0 25 million of Common Unit Registrable Securities, in the aggregate (determined by multiplying the number of Common Unit Registrable Securities owned by the Average VWAP for the 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 USWS the Partnership has been advised by the Managing Underwriter that the inclusion of Common Unit Registrable Securities for sale for the benefit of the such Holders will have an adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the such Underwritten Offering, then in which case the amount of Common Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 3.1 hereof 3.01 and confirmation of receipt of such notice shall be requested in confirmed and kept confidential by the noticeHolders until either (x) such proposed Underwritten Offering has been publicly announced by the Partnership or (y) the Holders have received notice from the Partnership that such proposed Underwritten Offering has been abandoned, which the Partnership shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. The Each such Holder will have four Business Days (or two Business Days in connection with any overnight or bought Underwritten Offering) after notice such Piggyback Notice has been delivered to request in writing to the Partnership the inclusion of Common Unit Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received by the Partnership within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its the Partnership’s intention to undertake an Underwritten Offering and prior to the closing pricing of such Underwritten Offering, USWS shall determine for any reason not to undertake or to delay such Underwritten OfferingOffering is terminated or delayed pursuant to the provisions of this Agreement, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x1) in the case of a determination not to undertake 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 (y2) 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 Unit Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at least one Business Day prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a2.02(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
Sources: Registration Rights Agreement, Registration Rights Agreement (Dominion Midstream Partners, LP), Purchase Agreement (Dominion Midstream Partners, LP)
Participation. If at any time USWS the Partnership proposes to file (i) at a time when USWS is not Registration Statement (other than a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a2.01(a)) on behalf of this Agreement that is currently effective, any other Persons who have or have been granted registration rights by the Partnership (the “Other Holders”) or (ii) a prospectus supplement relating to the sale of Common Units by any Other Holders pursuant to an effective “automatic shelf automatic” registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS the Partnership is a WKSI at such time or, whether or not USWS the Partnership is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf shelf Registration Statement or are included in on an effective Shelf 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 Class A Common Stock Units by Other Holders in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely including an Underwritten Offering undertaken pursuant 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 salesSection 2.03), then USWS the Partnership shall give not less than three (3) Business Days advance Days’ notice (including, but not limited to, notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) owning more than $5.0 100 million of Registrable Securities, calculated on the basis of the Average Common Unit Price as of the date of the Piggyback Notice, and such notice Piggyback 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 Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) the Partnership shall not be required to include the Registrable Securities of the offer such opportunity (A) to such Holders in such Registration if the Holders Holders, together with their Affiliates, do not offer a minimum of $5.0 50 million of Registrable Securities, in the aggregate (determined by multiplying the number of Registrable Securities offered by the Average Common Unit Price), or (B) to such Holders if USWS and to the extent that the Partnership has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the such Holders will have an adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the such Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 the applicable Holders on a Business Day pursuant to Section 3.1 hereof and confirmation of receipt of 3.01. Each such notice shall be requested in the notice. The Holder will have two Business Days (or one Business Day in connection with any overnight or bought Underwritten Offering) after notice such Piggyback Notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten OfferingOffering for Other Holders. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering for Other Holders and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x1) in the case of a 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 (y2) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at least one Business Day prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten OfferingOffering 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS for Other Holders pursuant to this Section 2.2(a2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 3 contracts
Sources: Limited Partnership Agreement, Limited Partnership Agreement (Plains Gp Holdings Lp), Registration Rights Agreement (Plains All American Pipeline Lp)
Participation. If at any time USWS the Partnership proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in a Shelf other than the Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective2.01(a), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 Class A Common Stock Units in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely then as soon as practicable following the engagement of counsel by the Partnership to employee benefit plansprepare the documents to be used in connection with an Underwritten Offering, (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 USWS the Partnership shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than ) holding at least $5.0 10.0 million of the then-outstanding Registrable Securities, Securities (based on the Purchase Price per Common Unit under the Purchase Agreement) and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Partnership 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 Units in 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 Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 Any 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 provided in this Section 2.02(a) to 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 3.1 hereof and confirmation of receipt of 3.01 hereof. Each such notice Holder shall be requested in the notice. The Holder will then have two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Partnership pursuant to this Section 2.2(a2.02(a), unless such Piggyback . The Holders indicated on Schedule A hereto as having opted out shall each be deemed to have delivered an Opt-Out Notice is revoked by such Holderas of the date hereof.
Appears in 3 contracts
Sources: Common Unit Purchase Agreement, Common Unit Purchase Agreement (Rose Rock Midstream, L.P.), Registration Rights Agreement (Rose Rock Midstream, L.P.)
Participation. If at any time USWS during the Shelf Period, the Company proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement other than the Shelf Registration Statement (in which event the Company covenants and such Holder has not previously included its agrees to include thereon a description of the transaction under which Navy acquired the Registrable Securities in Securities), (ii) a Prospectus supplement to an effective shelf registration statement, other than any Shelf Registration Statement contemplated by Section 2.1(a2.01(a) of this Agreement that is currently effectiveAgreement, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously and Holders could be included in the underlying Shelf Registration Statement or are included 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 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 Class A Common Stock Company Shares in an Underwritten Offering for its own account and/or another PersonPerson (a “Company Public Sale”), other than (a) a registration relating solely to employee benefit plansthen, (b) a registration relating solely to a Rule 145 transactionas soon as practicable, or (c) a registration statement on any registration form which does not permit secondary sales, then USWS shall give but not less than three (3) five Business Days advance 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 or immediately effective post-effective amendment, as the case may be, the Company shall give notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, the Holders (the “Piggyback Notice”) and such notice shall offer such Holder the Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities Covered Company Shares (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) shall not be required to include the Registrable Securities within three Business Days of the Holders in such Registration if issuance of the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Piggyback Notice. If the Company has been advised in writing (including but not limited to electronic communications) by the Managing Underwriter or Underwriters that the inclusion of Registrable Securities for sale for the benefit of the Holders will have an a significant adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Company Shares in the Underwritten OfferingOffering or the market for the Company Shares, then the amount of Registrable Securities to be offered for the accounts of the Holders shall be determined based on the provisions of Section 2.2(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 (B2.02(b) of the proviso of the immediately preceding sentence, then USWS shall nevertheless be required to furnish to such Holders the this Agreement. 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 provided in this Section 2.02(a) to 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 3.1 hereof and confirmation of receipt of such notice shall be requested in the notice. The Holder will have two Business Days after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering3.04 hereof. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Company shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Company may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 without prejudice to the right of Navy to immediately request an Underwritten Offering pursuant to Section 2.01(c), and (y) 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 its Registrable Securities in such Underwritten Offering offering by giving written notice to USWS the Company of such withdrawal up to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”Each Holder’s rights under this Section 2.02(a) to USWS requesting that shall terminate when such Holder not receive notice from USWS (together with any Affiliates of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder) first holds, directly or indirectly, less than $25 million in the aggregate of Registrable Securities, based on the volume weighted average closing price of Company Shares for the ten trading days immediately preceding the date on which the determination is made.
Appears in 3 contracts
Sources: Registration Rights Agreement (Nabors Industries LTD), Registration Rights Agreement (C&J Energy Services Ltd.), Registration Rights Agreement (Nabors Red Lion LTD)
Participation. If at any time USWS the Company proposes to file (i) at a time when USWS is not Registration Statement (other than a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a)) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf automatic” registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS the Company is a WKSI at such time or, whether or not USWS the Company is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf shelf Registration Statement or are included in 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 Class A Common Stock Units in an Underwritten 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 USWS the Company shall give not less than three (3) Business Days advance Days’ notice (including, but not limited to, notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) owning more than $5.0 75 million of Registrable SecuritiesCommon Units, calculated on the basis of the Purchased Unit Price, and such notice Piggyback Notice shall offer such Holder the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) the Company shall not be required to include the Registrable Securities of the offer such opportunity (aa) to such Holders in such Registration if the Holders Holders, together with their Affiliates, do not offer a minimum of $5.0 37.5 million of Registrable Securities, in the aggregate (determined by multiplying the number of Registrable Securities owned by the average of the closing price on the NYSE for the Common Units for the ten trading days preceding the date of such notice), or (Bbb) to such Holders if USWS and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the such Holders will have an adverse effect on the offering price, timing timing, or probability of success of the distribution of the Class A Common Stock Units in the such Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 3.1 hereof and confirmation of receipt of 3.1. Each such notice shall be requested in the notice. The Holder will have two Business Days (or one Business Day in connection with any overnight or bought Underwritten Offering) after notice such Piggyback Notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Company shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Company may, at its election, give written notice of such determination to the Selling Holders and, (xAA) in the case of a 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 (yBB) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Company of such withdrawal up at least one Business Day prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS the Company requesting that such Holder not receive notice from USWS the Company of any proposed Underwritten Offering; 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), USWS the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Company pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 3 contracts
Sources: Registration Rights Agreement (EnLink Midstream, LLC), Preferred Restructuring Agreement (EnLink Midstream, LLC), Preferred Restructuring Agreement (EnLink Midstream Partners, LP)
Participation. If at In the event the Registrable Securities may not be disposed of without restriction pursuant to any time USWS section of Rule 144 (or any similar provision then in effect) under the Securities Act, if the Partnership proposes to file (i) at a 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 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 (ii) a registration statement, other than a shelf registration statement, in each case, for the sale of Class A Common Stock Units in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely then as soon as practicable following the engagement of counsel by the Partnership to employee benefit plansprepare the documents to be used in connection with an Underwritten Offering, (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 USWS the Partnership shall give not less than three (3) Business Days advance notice (includingwhich may include, but not limited towithout limitation, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than holds in the aggregate at least $5.0 million of the then-outstanding Registrable Securities, Securities (based on the Common Unit Price) and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (Ai) the Partnership shall not be required to include the Registrable Securities of the Holders in provide such Registration if the Holders do opportunity to any such Holder that does not offer a minimum of $5.0 million of Registrable SecuritiesSecurities (based on the Common Unit Price), or (Bii) if USWS the Partnership 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 Units in 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 Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(b). If USWS is not Any notice required to offer the opportunity for be provided in this Section 2.02(a) to Holders shall be provided on a Piggyback Registration in respect of a proposed Underwritten Offering as a result of the circumstance Business Day pursuant to Section 3.01 hereof. Each such Holder 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 then have the opportunity to include Registrable Securities two (2) Business Days (or one (1) Business Day 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 connection with any overnight or probability of success of the distribution of the Class A Common Stock in the bought 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 3.1 hereof and confirmation of receipt of such notice shall be requested in the notice. The Holder will have two Business Days after notice has been delivered to request in writing the inclusion of 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 Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Partnership pursuant to this Section 2.2(a2.02(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 Holdershall be deemed to have delivered an Opt-Out Notice as of the date hereof.
Appears in 3 contracts
Sources: 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 the Company at any time USWS 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) at a time when USWS is Registration under Section 3.01 or Section 3.02, it being understood that this clause (i) does not a WKSIlimit the rights of Holders to make written requests pursuant to Section 3.01 or Section 3.02 or otherwise limit the applicability thereof, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” Registration Statement on Form S-4 or S-8 (as defined or such other similar successor forms then in Rule 405 effect under the Securities Act), so long (iii) a registration of securities solely relating to an offering and sale to employees, directors or consultants of the Company or its Subsidiaries pursuant to any employee stock plan or other employee benefit plan arrangement, (iv) a registration not otherwise covered by clause (iii) above pursuant to which the Company is offering to exchange its own securities for other securities or (v) a Registration Statement relating solely to dividend reinvestment or similar plans) (a “Company Public Sale”), then, (A) as USWS is a WKSI at soon as practicable (but in no event less than 10 days prior to the proposed date of filing of such time orRegistration Statement), whether or not USWS is a WKSI, so long the Company shall give written notice of such proposed filing to 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 Registrable Securities as Investor Holdco and such 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 were previously included 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 underlying Shelf Registration Statement or are included 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 an effective Shelf no event less than fifteen (15) 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 Class A Common Stock in an Underwritten 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 USWS Company shall give not less than three (3) Business Days advance written notice (including, but not limited to, notification by e-mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering filing to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securitiesthe remaining Holders, and such notice shall offer each such Holder the opportunity to participate in any Underwritten Offering and to include in Register under such Underwritten Offering Registration Statement such number of Registrable Securities (the “Included Registrable Securities”) as each 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 USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if 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, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 3.1 hereof and confirmation of receipt of such notice shall be requested in the notice. The Holder will have two Business Days after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback Registration. If, at any time after giving written notice of its intention to undertake an Underwritten Offering Register any equity securities and prior to the closing effective date of the Registration Statement filed in connection with such Underwritten OfferingPiggyback Registration, USWS the Company shall determine for any reason not to undertake Register or to delay Registration of the equity securities covered by such Underwritten OfferingPiggyback Registration, USWS may, 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, (x1) in the case of a determination not to undertake such Underwritten OfferingRegister, 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 (y2) 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 Offeringother equity securities covered by such Piggyback Registration. Any Selling If the offering pursuant to such Registration Statement is to be underwritten, the Company shall so advise the Holders as a part of the written notice given pursuant this Section 3.03(a), and each Holder shall have the right to withdraw such Selling Holder’s making a request for inclusion of such Selling Holder’s Registrable Securities in such Underwritten Offering by giving written notice to USWS of such withdrawal up to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS requesting that such Holder not receive notice from USWS of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder Registration pursuant to this Section 2.2(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 by USWS so advise the Holders as part of the written notice given pursuant to this Section 2.2(a3.03(a), unless and each Holder making a request for a Piggyback 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 Opt-Out Notice is revoked by Registration at any time prior to the effectiveness of such HolderRegistration Statement.
Appears in 3 contracts
Sources: Stockholders’ Agreement (Nextier Oilfield Solutions Inc.), Merger Agreement (C&J Energy Services, Inc.), Merger Agreement (Keane Group, Inc.)
Participation. If at any time USWS So long as a Holder has Registrable Securities, if the Partnership proposes to file (i) at a time when USWS is not shelf registration statement, other than a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective2.01(a), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under statement relating to the Securities Actsale of equity securities of the Partnership, other than a Registration Statement contemplated by Section 2.01(a), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf Registration Statement, 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 Class A Common Stock Units in an Underwritten Offering for its own account and/or or that 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 statement on any registration form which does not permit secondary salesboth, then USWS promptly following the selection of the Managing Underwriter for such Underwritten Offering, the Partnership shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than $5.0 million ) holding at least the Piggyback Threshold Amount of the then-outstanding Registrable Securities, Securities (calculated based on the Unit Purchase Price) and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) the Partnership shall not be required to include provide such opportunity if, in the Registrable Securities of the Holders in such Registration if aggregate, the Holders do not offer a minimum of $5.0 million the Piggyback Threshold Amount of Registrable SecuritiesSecurities (based on the Unit Purchase Price), or and (B) if USWS the Partnership 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 Units in the Underwritten Offering, then (x) if, in the opinion of 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 Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 Any 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 provided in this Section 2.02(a) to 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 3.1 hereof and confirmation of receipt of such notice shall be requested in confirmed by the noticeHolder. The Each such Holder will shall then have two three Business Days (or one Business Day in connection with any overnight or bought Underwritten Offering) after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no a Holder’s written request for inclusion from a Holder is not received within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason to delay or not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x1) in the case of a 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 (y2) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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)Holder, USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Partnership pursuant to this Section 2.2(a2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 3 contracts
Sources: Registration Rights Agreement (Mid-Con Energy Partners, LP), Class B Convertible Preferred Unit Purchase Agreement (Mid-Con Energy Partners, LP), Registration Rights Agreement (Mid-Con Energy Partners, LP)
Participation. If at any time USWS the Company proposes to file (i) at a time when USWS is not Registration Statement (other than a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a2.01(a)) on its own behalf relating to the sale of this Agreement that is currently effective, Common Stock or on behalf of any other Persons who have or have been granted registration rights (the “Other Holders”) or (ii) a prospectus supplement relating to the sale of Common Stock by the Company or any Other Holders to an effective “automatic shelf automatic” registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS the Company is a WKSI at such time or, whether or not USWS the Company is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf shelf Registration Statement or are included in 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 Class A Common Stock by the Company or Other Holders in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely including an Underwritten Offering undertaken pursuant 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 salesSection 2.03), then USWS the Company shall give not less than three four Business Days’ notice (3) or two Business Days advance notice in connection with any overnight or bought Underwritten Offering) (including, but not limited to, notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) owning more than $5.0 75 million of Common 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 notice Piggyback Notice shall offer such Holder the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) the Company shall not be required to include the Registrable Securities offer such opportunity (A) to any such Holders other than any of the Holders in such Registration Stonepeak and its Affiliates if the Holders Holders, together with their Affiliates, do not offer a minimum of $5.0 50 million of Registrable SecuritiesSecurities in the aggregate (determined by multiplying the number of Registrable Securities owned by the Purchased Preferred Stock Price ), or (B) to such Holders if USWS and to the extent that the Company has been advised by the Managing Underwriter Underwriter, acting in good faith, that the inclusion of Registrable Securities for sale for the benefit of the such 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 such Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 3.1 hereof and confirmation 3.01. If practical in the context of receipt the contemplated offering, the Company shall use reasonable efforts to increase the length of such notice the Piggyback Notice to provide more time for the applicable Holders to make an election to participate; provided, however, that any decision to increase the length of the Piggyback Notice for longer than two Business Days shall be requested in the noticesole discretion of the Company. The Each such Holder will have four Business Days (or two 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 notice such Piggyback Notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake such an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Company shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Company may, at its election, give written notice of such determination to the Selling Holders and, (x1) in the case of a 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 (y2) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Company of such withdrawal up at least one Business Day prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS the Company requesting that such Holder not receive notice from USWS the Company of any proposed Underwritten Offering; 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), USWS the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 3 contracts
Sources: Series a Preferred Stock Purchase Agreement (Targa Resources Corp.), Purchase Agreement (Targa Resources Corp.), Registration Rights Agreement (Targa Resources Corp.)
Participation. If at any time USWS Concho proposes to file (i) at a 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 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf Registration Statementcontemplated by Section 2.01 of this Agreement, or in any case in which Holders may participate in such offering without the filing of (ii) a post-effective amendmentregistration statement, other than a shelf registration statement, in each either case, for the sale of Class A Common Stock in an Underwritten 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 USWS shall give as soon as practicable but not less than three (3) Business Days advance 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 Concho shall give notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, the Holders and such notice shall offer such Holder the Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Concho has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have an a material adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock in the Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 (B2.02(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 this Agreement. The 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 provided in this Section 2.02(a) to 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 3.1 3.01 hereof and confirmation of receipt of such notice shall be requested in the noticeconfirmed by such Holder. The Each such Holder will shall then have two three Business Days after receiving such notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering, except that such Holder shall have one Business Day after such Holder confirms receipt of the notice to request inclusion of Registrable Securities in the Underwritten Offering in 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 within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS Concho shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS Concho may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering offering by giving written notice to USWS Concho of such withdrawal up to and including the time of pricing of such offering. 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 USWS Concho requesting that such Holder not receive notice from USWS Concho of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 2 contracts
Sources: Registration Rights Agreement (Concho Resources Inc), Common Stock Purchase Agreement (Concho Resources Inc)
Participation. If at any time USWS the Partnership proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in a Shelf other than the Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective2.01(a), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 Class A Common Stock Units in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely then as soon as practicable following the engagement of counsel by the Partnership to employee benefit plansprepare the documents to be used in connection with an Underwritten Offering, (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 USWS the Partnership shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than ) holding at least $5.0 25 million of the then-outstanding Registrable Securities, Securities (based on the Purchase Price per Common Unit under the Purchase Agreement) and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Partnership 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 Units in 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 Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 Any 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 provided in this Section 2.02(a) to 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 3.1 3.01 hereof and confirmation of receipt of such notice shall be requested in confirmed by the noticeHolder. The Each such Holder will shall then have two Business Days (or one Business Day in connection with any overnight or bought Underwritten Offering) after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Partnership pursuant to this Section 2.2(a2.02(a), unless such Piggyback . The Holders indicated on Schedule A hereto as having opted out shall each be deemed to have delivered an Opt-Out Notice is revoked by such Holderas of the date hereof.
Appears in 2 contracts
Sources: Registration Rights Agreement (American Midstream Partners, LP), Common Unit Purchase Agreement (American Midstream Partners, LP)
Participation. If ETE at any time USWS proposes to file (i) at a 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 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under 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 Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included 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 Class A Common Stock public in an Underwritten Offering for its own account and/or another Person, other than (ax) a registration relating solely to employee benefit plans, (by) a registration relating solely to a Rule 145 transaction, or (cz) a registration statement on any registration form which does not permit secondary salessales or does not include substantially the same information as would be required to be included in a registration statement covering the sale of Registrable Securities, then USWS then, as soon as practicable following the engagement of counsel to ETE to prepare the documents to be used in connection with an Underwritten Offering, ETE shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, the Holders and such notice shall offer such Holder the Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) ETE shall not be required to include the Registrable Securities of the offer such opportunity to Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS ETE has been advised by the a Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have an a material adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock in Units. Subject to the Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 and subject to be given by USWSSection 2.02(b), ETE 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 all such 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 “Included Registrable Securities, if any, that can be included in such offering. Each Piggyback Notice shall be provided ”) with respect to Holders on a Business Day pursuant to Section 3.1 hereof and confirmation of receipt of such notice shall be requested in the notice. The Holder will have two Business Days which ETE has received requests within ten days after ETE’s notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offeringaccordance with Section 7.01. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback Registration. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS ETE shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS ETE may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering offering by giving written notice to USWS ETE of such withdrawal up to and including the time of pricing of such offering. Any Notwithstanding the foregoing, any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS ETE requesting that such Holder not receive notice from USWS ETE of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holdernotice.
Appears in 2 contracts
Sources: 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 USWS the Company proposes to file (i) at a 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 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf Registration Statementcontemplated by Section 2.01, or in any case in which Holders may participate in such offering without the filing of (ii) a post-effective amendmentregistration statement, other than a shelf registration statement, in each either case, for the sale of Class A Common Stock Units in an Underwritten 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 USWS shall give as soon as practicable but not less than three (3) Business Days advance 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 notice (including, but not limited to, notification by e-mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, the Holders and such notice shall offer such Holder the Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Company has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have an a material adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 The 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 provided in this Section 2.02(a) to 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 3.1 hereof 3.01 and confirmation of receipt of such notice shall be requested in the noticeconfirmed by such Holder. The Each such Holder will shall then have two three Business Days after receiving such notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering, except that such Holder shall have one Business Day after such Holder confirms receipt of the notice to request inclusion of Registrable Securities in the Underwritten Offering in 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 within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Company shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Company may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering offering by giving written notice to USWS the Company of such withdrawal up to and including the time of pricing of such offering. 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 USWS the Company requesting that such Holder not receive notice from USWS the Company of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holdernotice.
Appears in 2 contracts
Sources: Registration Rights Agreement (EV Energy Partners, LP), Registration Rights Agreement (EV Energy Partners, LP)
Participation. If Except as provided in Section 2.2(b), if at any time USWS after 180 days following the date of this Agreement, the Partnership proposes to file (i) at a time when USWS is not a WKSIshelf registration statement, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously and Holders could be included in the underlying Shelf Registration Statement or are included 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 amendmentamendment thereto (other than a post-effective amendment that is immediately effective), or (iii) a registration statement, other than a registration statement (A) filed in connection with any employee equity plan or other benefit plan, (B) for an exchange offer or offering of securities solely to the Partnership’s existing unitholders, (C) for an offering of debt, whether or not convertible into equity securities of the Partnership or (D) for a dividend reinvestment plan, in the case of each caseof clause (i), (ii) or (iii), for the sale of Class A Common Stock Units in an Underwritten Offering (other than a Bought or Overnight Underwritten Holder Offering) 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 statement on any registration form which does not permit secondary sales, then USWS shall give as soon as reasonably practicable but not less than three (3) five Business Days advance 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, as the case may be (an “Underwritten Offering Filing”), the Partnership shall give notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering (a “Piggyback Offering”) to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, the Holders and such notice shall offer such Holder the Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of the Registrable Securities (the “Included Registrable Securities”) as each such Holder the Holders may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Partnership has been advised by the Managing Underwriter Underwriter, and the Partnership has advised the Selling Holders, that the inclusion of Registrable Securities for sale for the benefit of the Selling Holders will have an adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Selling Holders shall be determined based on the provisions of Section 2.2(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 (B2.2(c) 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 this Agreement. The 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 provided in this Section 2.2(a) to 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 3.1 hereof and confirmation of receipt of such notice shall be requested in the noticehereof. The Holder will Holders shall then have two three Business Days after notice has been delivered to request in writing the inclusion of Registrable Securities in the such Underwritten Offering. If no request for inclusion from a Holder the Holders is received within such period, the specified time, such Holder Holders and their Affiliates shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership or such other Persons who have or have been granted registration rights, as applicable, shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 A Selling Holder shall have the right to withdraw such Selling Holder’s its request for inclusion of such Selling Holder’s Registrable Securities in such Underwritten Offering offering by giving written notice to USWS the Partnership of such withdrawal up prior to and including the time filing of pricing of the registration statement or prospectus supplement relating to such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS requesting that such Holder not receive notice from USWS of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 2 contracts
Sources: Registration Rights and Lock Up Agreement (Mach Natural Resources Lp), Membership Interest Purchase Agreement (Mach Natural Resources Lp)
Participation. If at any time USWS Atlas Pipeline Holdings proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in a Shelf other than the Registration Statement contemplated by Section 2.1(a) (in which event Atlas Pipeline Holdings covenants and agrees to include thereon a description of this Agreement that is currently effectivethe transaction under which the Purchasers acquired the Registrable Securities), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 Class A Common Stock Units in an Underwritten 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 USWS shall give as soon as practicable but not less than three (3) Business Days advance prior to the filing of (x) 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 e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, the Holders and such notice shall offer such Holder the Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities Common Units (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Atlas Pipeline Holdings has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have an a material adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 (B2.02(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 this Agreement. The 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 provided in this Section 2.02(a) to 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 3.1 3.01 hereof and confirmation of receipt of such notice shall be requested in the noticeconfirmed by such Holder. The Each such Holder will shall then have two three Business Days after receiving such notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS Atlas Pipeline Holdings shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS Atlas Pipeline Holdings may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering offering by giving written notice to USWS Atlas Pipeline Holdings of such withdrawal up to and including the time of pricing of such offering. 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 USWS Atlas Pipeline Holdings requesting that such Holder not receive notice from USWS Atlas Pipeline Holdings of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holdernotice.
Appears in 2 contracts
Sources: Common Unit Purchase Agreement (Atlas Pipeline Holdings, L.P.), Registration Rights Agreement (Atlas Pipeline Holdings, L.P.)
Participation. If at any time USWS Linn Energy proposes to file (i) at a 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 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf Registration Statementcontemplated by Section 2.01 of this Agreement and the registration statement covering the units held by the June 2007 Holders, or in any case in which Holders may participate in such offering without the filing of (ii) a post-effective amendmentregistration statement, other than a shelf registration statement, in each either case, for the sale of Class A Common Stock Units in an Underwritten 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 USWS shall give as soon as practicable but not less than three (3) Business Days advance 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 Linn Energy shall give notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, the Holders and such notice shall offer such Holder the Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Linn Energy has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have an a material adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 (B2.02(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 this Agreement. The 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 provided in this Section 2.02(a) to 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 3.1 3.01 hereof and confirmation of receipt of such notice shall be requested in the noticeconfirmed by such Holder. The Each such Holder will shall then have two three Business Days after receiving such notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering, except that such Holder shall have one Business Day after such Holder confirms receipt of the notice to request inclusion of Registrable Securities in the Underwritten Offering in 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 within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS Linn Energy shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS Linn Energy may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering offering by giving written notice to USWS Linn Energy of such withdrawal up to and including the time of pricing of such offering. 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 USWS Linn Energy requesting that such Holder not receive notice from USWS Linn Energy of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holdernotice.
Appears in 2 contracts
Sources: Registration Rights Agreement (Linn Energy, LLC), Class D Unit and Unit Purchase Agreement (Linn Energy, LLC)
Participation. If Except as provided in Section 2.02(b), if at any time USWS during the Effectiveness Period, Parent proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in a other than the Shelf Registration Statement contemplated by Section 2.1(a) (in which event Parent covenants and agrees to include thereon a description of this Agreement that is currently effectivethe transaction under which the Partnership Unitholders acquired the Registrable Securities), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are contemplated by Section 2.01(a) of this Agreement, and Holders could be included 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 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 Class A Common Stock Units in an Underwritten Offering or Overnight Underwritten 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 USWS shall give as soon as practicable but not less than three ten (310) Business Days advance (or three Business Days 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 Parent shall give notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering (a “Piggyback Offering”) to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, the Partnership Unitholders and such notice shall offer such Holder the Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities Parent Common Units (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Parent has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Selling Holders will have an a material adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Selling Holders shall be determined based on the provisions of Section 2.2(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 (B2.02(c) 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 this Agreement. The 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 provided in this Section 2.02(a) to each Partnership Unitholder (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“Piggyback Notice”) 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 3.1 hereof and confirmation of 3.01 hereof. Promptly upon receipt of such notice the Piggyback Notice, the Partnership Unitholders shall be requested notify the other Holders (if any) of the opportunity to include in the noticeUnderwritten Offering such number of Parent Common Units as each such Holder may request in writing. The Each Holder will shall then have five (5) Business Days (or two Business Days in the case of an Overnight Underwritten Offering) after notice has been delivered the date on which the Partnership Unitholders received the Piggyback Notice to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified timesuch period, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Parent Board shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS Parent may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering offering by giving written notice to USWS Parent of such withdrawal up to and including the time of pricing of such offering. Any Notwithstanding the foregoing, any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Parent requesting that such Holder not receive notice from USWS Parent of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 2 contracts
Sources: Registration Rights Agreement (LRR Energy, L.P.), Registration Rights Agreement (Vanguard Natural Resources, LLC)
Participation. If at any time USWS the Partnership proposes to file (i) at a time when USWS is not Registration Statement (other than a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a2.01(a)) on behalf of this Agreement that is currently effectiveany other Holder who has 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 Common Units by any Other Holders to an effective “automatic shelf automatic” registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS the Partnership is a WKSI at such time or, whether or not USWS the Partnership is a WKSI, so long as the Common Unit Registrable Securities were previously included in the underlying Shelf shelf Registration Statement or are included in 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 Class A Common Stock Units by Other Holders in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely undertaken pursuant 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 salesSection 2.03, then USWS the Partnership shall give not less than three (3) four Business Days advance Days’ notice (including, but not limited to, notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than $5.0 million of ) owning Common Unit Registrable Securities, Securities and such notice Piggyback 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 Unit Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) the Partnership shall not be required to include the Registrable Securities of the offer such opportunity (A) to such Holders in such Registration if the Holders Holders, together with their Affiliates, do not offer a minimum of $5.0 50 million of Common Unit Registrable Securities, in the aggregate (determined by multiplying the number of Common Unit Registrable Securities owned by the average of the closing price on the NYSE for the Common Units for the 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 USWS and to the extent that the Partnership has been advised by the Managing Underwriter that the inclusion of Common Unit Registrable Securities for sale for the benefit of the such Holders will have an adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the such Underwritten Offering, then the amount of Common Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 3.1 hereof 3.01 and confirmation of receipt of such notice shall be requested in confirmed and kept confidential by the noticeHolders until either (x) such proposed Underwritten Offering has been publicly announced by the Partnership or (y) the Holders have received notice from the Partnership that such proposed Underwritten Offering has been abandoned, which the Partnership shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. The Each such Holder will have four Business Days (or two Business Days in connection with any overnight or bought Underwritten Offering) after notice such Piggyback Notice has been delivered to request in writing to the Partnership the inclusion of Common Unit Registrable Securities in the Underwritten OfferingOffering for Other Holders. If no request for inclusion from a Holder is received by the Partnership within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its the Partnership’s intention to undertake an Underwritten Offering for Other Holders and prior to the closing pricing of such Underwritten Offering, USWS shall determine for any reason not to undertake or to delay such Underwritten OfferingOffering is terminated or delayed pursuant to the provisions of this Agreement, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x1) in the case of a determination not to undertake 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 (y2) 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 Unit Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at least one Business Day prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten OfferingOffering 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS for Other Holders pursuant to this Section 2.2(a2.02(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
Sources: Registration Rights Agreement (MPLX Lp), Purchase Agreement (MPLX Lp)
Participation. If at any time USWS So long as a Holder has Registrable Securities, if the Partnership proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in other than a Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective2.01(a), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS is other than a WKSI at such time or, whether or not USWS is a WKSI, so long as the 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 in an effective Shelf 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 Class A Common Stock Units in an Underwritten Offering for its own account and/or or that 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 statement on any registration form which does not permit secondary salesboth, then USWS as soon as practicable following the selection of the Managing Underwriter for such Underwritten Offering, the Partnership shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than $5.0 million ) holding at least the Piggyback Threshold Amount of the then-outstanding Common Unit Registrable Securities, Securities (calculated based on the Common Unit Price) and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Common Unit Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) the Partnership shall not be required to include the Registrable Securities of the Holders in provide such Registration if the Holders do opportunity to any such Holder that does not offer a minimum of $5.0 million the Piggyback Threshold Amount of Common Unit Registrable SecuritiesSecurities (based on the Common Unit Price), or and (B) if USWS the Partnership has been advised by the Managing Underwriter that the inclusion of Common Unit 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 Units in 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 Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 Any 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 provided in this Section 2.02(a) to 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 3.1 hereof and confirmation of receipt of such notice shall be requested in confirmed by the noticeHolder. The Each such Holder will shall then have two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after notice has been delivered to request in writing the inclusion of Common Unit Registrable Securities in the Underwritten Offering. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Unit Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Partnership pursuant to this Section 2.2(a2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 2 contracts
Sources: Registration Rights Agreement (Crestwood Equity Partners LP), Registration Rights Agreement (Crestwood Midstream Partners LP)
Participation. If Except as provided in Section 2.2(b), if at any time USWS on or after February 2, 2020, the Company proposes to file (i) at a time when USWS is not a WKSIshelf registration statement, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously and Holders could be included in the underlying Shelf Registration Statement or are included 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 amendmentamendment thereto (other than a post-effective amendment that is immediately effective), or (iii) a registration statement, other than the registration statements contemplated by Section 2.1(a) of this Agreement, in the case of each caseof clause (i), (ii) or (iii), for the sale of Class A Common Stock in an Underwritten Offering or Overnight Underwritten Offering (in each case, other than in a broker-facilitated transaction) 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 USWS shall give as soon as practicable but not less than three five (35) Business Days advance (or two (2) 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, as the case may be (an “Underwritten Offering Filing”), the Company shall give notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering (a “Piggyback Offering”) to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, the Holders and such notice shall offer such Holder the Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of the Registrable Securities (the “Included Registrable Securities”) as each such Holder the Holders may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Company has been advised by the Managing Underwriter Underwriter, and the Company has advised the Selling Holders in writing, that the inclusion of Registrable Securities for sale for the benefit of the Selling 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, then the amount of Registrable Securities to be offered for the accounts of Selling Holders shall be determined based on the provisions of Section 2.2(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 (B2.2(c) 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 this Agreement. The 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 provided in this Section 2.2(a) to 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 3.1 hereof and confirmation of receipt of such notice hereof. The Holders shall be requested then have three (3) Business Days (or one (1) Business Day in the notice. The Holder will have two Business Days after notice has been delivered case of an Overnight Underwritten Offering) to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder the Holders is received within such period, the specified time, such Holder Holders and their Affiliates shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Company shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Company may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 A Selling Holder shall have the right to withdraw such Selling Holder’s its request for inclusion of such Selling Holder’s Registrable Securities in such Underwritten Offering offering by giving written notice to USWS the Company of such withdrawal up to and including the time of pricing of two (2) Business Days prior to such offering. Any Notwithstanding the foregoing, a Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Company requesting that such Holder not receive notice from USWS the Company of any proposed Underwritten Offering; 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 writing not less than one (unless subsequently revoked), USWS shall not be required to deliver any notice 1) Business Day prior to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holderoffering.
Appears in 2 contracts
Sources: Registration Rights Agreement (Seacor Holdings Inc /New/), Registration Rights Agreement
Participation. If at any time USWS proposes Each Talaria Stockholder hereby represents and ------------- warrants to file and agrees with Esperion and Mergerco as follows:
(i) at a time when USWS Such Talaria Stockholder is not a WKSIthe owner of outstanding shares of Talaria capital stock set forth on Schedule 2 hereto opposite such Talaria ---------- Stockholder's name, a registration statement free and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a) clear of this Agreement that is currently effectiveall Liens, or and collectively the Talaria Stockholders are the holders of all of the outstanding capital stock of Talaria;
(ii) a prospectus supplement Such Talaria Stockholder has had an opportunity to an effective “automatic shelf registration statement” review the Merger Agreement, including all exhibits thereto, in substantially the form agreed to by the parties;
(as defined iii) Such Talaria Stockholder understands and agrees that all Esperion Common issuable pursuant to the Merger Agreement (the "Merger Shares") ------------- may not be sold in Rule 405 open stock market transactions (which exclude privately negotiated transactions) until February 10, 2001 (the "Holding Period") and that -------------- certificates representing the Merger Shares shall be legended accordingly;
(iv) Such Talaria Stockholder understands and agrees that the Merger Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act") or the securities laws of any state of -------- the United States, except as contemplated by the Merger Agreement;
(v) Such Talaria Stockholder understands and agrees that the issuance of the Merger Shares will be made in transactions not involving any public offering within the meaning of the 1933 Act, and that, accordingly, such shares are "restricted securities" within the meaning of Rule 144 under the 1933 Act ("Rule 144"), so long as USWS is a WKSI at such time orand therefore the Merger Shares may not be offered or sold by -------- the undersigned, whether directly or not USWS is a WKSIindirectly, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement United States without registration under United States federal and state securities laws or an exemption therefrom;
(vi) Unless the Merger Shares are included in an effective Shelf Registration Statementregistered under the 1933 Act, or in any case in which Holders may participate in such offering without Talaria Stockholder has not acquired the filing of a post-effective amendment, in each case, for the sale of Class A Common Stock in an Underwritten 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 USWS shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, and such notice shall offer such Holder the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if 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, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b). If USWS is not required to offer the opportunity for a Piggyback Registration in respect of a proposed Underwritten Offering Merger Shares as a result of any general solicitation or general advertising, including advertisements, articles, notices or other communications published in any newspaper, magazine or similar media or broadcast over radio or television, or any seminar or meeting whose attendees have been invited by any general solicitation or general advertising;
(vii) Unless the circumstance described Merger Shares are registered under the 1933 Act, such Talaria Stockholder will not offer, sell, pledge or otherwise transfer any of the Merger shares except (i) outside the United States in clause accordance with Rule 904 of Regulation S under the 1933 Act; (Bii) in another transaction otherwise exempt from registration under the 1933 Act in compliance with Rule 144 or Rule 145 under the 1933 Act, if applicable, and in compliance with any applicable state securities laws of the United States; or (iii) pursuant to another applicable exemption from such registration and applicable state securities laws as evidenced by an opinion of counsel of recognized standing in form reasonably satisfactory to Esperion; it being understood and acknowledged by the Talaria Stockholder that Esperion is not obligated to file and has no present intention of filing with the U.S. Securities and Exchange Commission or with any state securities administrator any registration statement in respect of resales of any of the Merger Shares in the United States, except as contemplated by the Merger Agreement;
(viii) All certificates representing the Merger Shares, as well as all certificates issued in exchange for or in substitution of the foregoing securities, will bear the legends set forth in Section 2.3(f) 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 Merger Agreement; and, if the determination described in clause
(Bix) of the proviso of the immediately preceding sentence Esperion 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 3.1 hereof and confirmation of receipt of such notice shall be requested in the notice. The Holder will have two Business Days after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback Registration. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities instruct its transfer agent not to record a transfer by any person in such Underwritten Offering the United States without first being notified by giving written notice to USWS of such withdrawal up to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS requesting Esperion that it is reasonably satisfied that such Holder transfer is exempt from or not receive notice from USWS of subject to registration under the 1933 Act and any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holderapplicable state securities laws.
Appears in 2 contracts
Sources: Indemnification, Escrow and Participation Agreement (Esperion Therapeutics Inc/Mi), Indemnification, Escrow and Participation Agreement (Esperion Therapeutics Inc/Mi)
Participation. If at any time USWS the Partnership proposes to file (i) at a 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 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously Shelf Registration Statement and Holders may be included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 Class A Common Stock Units in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely then as soon as practicable following the engagement of counsel by the Partnership to employee benefit plansprepare the documents to be used in connection with such Underwritten Offering, (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 USWS the Partnership shall give not less than three (3) Business Days advance notice (including, but not limited to, including notification by e-mail; such notice, a “Piggyback Notice”email) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million holding at least 2% of the then-outstanding Registrable Securities, Securities and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Partnership 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 Units in 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 Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.03(b). If USWS is not required Subject to offer Section 2.03(b), 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, Partnership 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 all such Registrable Securities for sale for with respect to which the benefit of the Holders will have Partnership has received requests within two (2) Business Days (or one (1) Business Day in connection with a “bought deal” or an adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock in the “overnight” 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 3.1 hereof and confirmation of receipt of such notice shall be requested in the notice. The Holder will have two Business Days after Partnership’s notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offeringaccordance with Section 3.01. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at or prior to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS requesting that such Holder not receive notice from USWS of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 2 contracts
Sources: Registration Rights Agreement (Arc Logistics Partners LP), Registration Rights Agreement (Arc Logistics Partners LP)
Participation. If at any time USWS Atlas Pipeline Partners proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in a Shelf other than the Registration Statement contemplated by Section 2.1(a) (in which event Atlas Pipeline Partners covenants and agrees to include thereon a description of this Agreement that is currently effectivethe transaction under which the Purchasers acquired the Registrable Securities), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 Class A Common Stock Units in an Underwritten 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 USWS shall give as soon as practicable but not less than three (3) Business Days advance prior to the filing of (x) 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 e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, the Holders and such notice shall offer such Holder the Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities Common Units (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Atlas Pipeline Partners has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have an a material adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 (B2.02(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 this Agreement. The 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 provided in this Section 2.02(a) to 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 3.1 3.01 hereof and confirmation of receipt of such notice shall be requested in the noticeconfirmed by such Holder. The Each such Holder will shall then have two three Business Days after receiving such notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS Atlas Pipeline Partners shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS Atlas Pipeline Partners may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering offering by giving written notice to USWS Atlas Pipeline Partners of such withdrawal up to and including the time of pricing of such offering. 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 USWS Atlas Pipeline Partners requesting that such Holder not receive notice from USWS Atlas Pipeline Partners of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holdernotice.
Appears in 2 contracts
Sources: Registration Rights Agreement (Atlas Pipeline Partners Lp), Common Unit Purchase Agreement (Atlas Pipeline Holdings, L.P.)
Participation. If at any time USWS the Partnership proposes to file (i) at a time when USWS is not Registration Statement (other than a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a2.01(a)) on behalf of this Agreement that is currently effectiveany 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 Common Units by any Other Holders to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS the Partnership is a WKSI at such time or, whether or not USWS the Partnership is a WKSI, so long as the Common Unit Registrable Securities were previously included in the underlying Shelf shelf Registration Statement or are included in 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 Class A Common Stock Units by Other Holders in an Underwritten 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 salesOffering, then USWS the Partnership shall give not less than three (3) four Business Days advance Days’ notice (including, but not limited to, notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than at least $5.0 25 million of Common Unit Registrable Securities, Securities and such notice Piggyback 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 Unit Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) the Partnership shall not be required to include the Registrable Securities of the offer such opportunity (A) to such Holders in such Registration if the Holders Holders, together with their Affiliates, do not offer a minimum of $5.0 25 million of Common Unit Registrable Securities, in the aggregate (determined by multiplying the number of Common Unit Registrable Securities owned by the average of the closing price on the National Securities Exchange for the Common Units for the 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 USWS and to the extent that the Partnership has been advised by the Managing Underwriter that the inclusion of Common Unit Registrable Securities for sale for the benefit of the such Holders will have an adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the such Underwritten Offering, then the amount of Common Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 3.1 hereof 3.01 and confirmation of receipt of such notice shall be requested in confirmed and kept confidential by the noticeHolders until either (x) such proposed Underwritten Offering has been publicly announced by the Partnership or (y) the Holders have received notice from the Partnership that such proposed Underwritten Offering has been abandoned, which the Partnership shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. The Each such Holder will have four Business Days (or two Business Days in connection with any overnight or bought Underwritten Offering) after notice such Piggyback Notice has been delivered to request in writing to the Partnership the inclusion of Common Unit Registrable Securities in the Underwritten OfferingOffering for Other Holders. If no request for inclusion from a Holder is received by the Partnership within the specified timetime 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 Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its the Partnership’s intention to undertake an Underwritten Offering for Other Holders and prior to the closing pricing of such Underwritten Offering, USWS shall determine for any reason not to undertake or to delay such Underwritten OfferingOffering is terminated or delayed pursuant to the provisions of this Agreement, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x1) in the case of a determination not to undertake 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 (y2) 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 Unit Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at least one Business Day prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten OfferingOffering 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS for Other Holders pursuant to this Section 2.2(a2.02(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
Sources: Registration Rights Agreement (Equitrans Midstream Corp), Registration Rights Agreement (EQM Midstream Partners, LP)
Participation. If at any time USWS the Partnership proposes to file (i) at a 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 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf Registration Statementcontemplated by Section 2.01, or in any case in which Holders may participate in such offering without the filing of (ii) a post-effective amendmentregistration statement, other than a shelf registration statement, in each either case, for the sale of Class A Common Stock Units in an Underwritten 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 salesaccount, then USWS shall give as soon as practicable but not less than three (3) Business Days advance 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 e-mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, the Holders and such notice shall offer such Holder the Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of 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 USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Partnership has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have an a material adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 The 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 provided in this Section 2.02(a) to 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 3.1 hereof and confirmation of receipt of 3.01 hereof. Each such notice Holder shall be requested in the notice. The Holder will then have two three Business Days after receiving such notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering, except that such Holder shall have one Business Day after such Holder confirms receipt of the notice to request inclusion of Registrable Securities in the Underwritten Offering in 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 within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS ) holds less than $15 million of such withdrawal up to and including Purchased Units, based on the time purchase price per unit under the Purchase Agreement. Notwithstanding the foregoing, any Holder holding greater than $15 million of pricing of such offering. Any Holder 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 USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Partnership pursuant to this Section 2.2(a2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 2 contracts
Sources: Registration Rights Agreement (Universal Compression Partners, L.P.), Common Unit Purchase Agreement (Universal Compression Partners, L.P.)
Participation. If at any time USWS the Partnership proposes to file (i) at a time when USWS is not Registration Statement (other than a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a)) of this Agreement that is currently effective, or (ii) following the Series B Conversion Date, a prospectus supplement to an effective “automatic shelf automatic” registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS the Partnership is a WKSI at such time or, whether or not USWS the Partnership is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf shelf Registration Statement or are included in 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 Class A Common Stock Units in an Underwritten 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 USWS the Partnership shall give not less than three (3) Business Days advance Days’ notice (including, but not limited to, notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) owning more than $5.0 75 million of Registrable SecuritiesCommon Units, calculated on the basis of the Purchased Unit Price, and such notice Piggyback Notice shall offer such Holder the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) the Partnership shall not be required to include the Registrable Securities of the offer such opportunity (aa) to such Holders in such Registration if the Holders Holders, together with their Affiliates, do not offer a minimum of $5.0 37.5 million of Registrable Securities, in the aggregate (determined by multiplying the number of Registrable Securities owned by the average of the closing price on the NYSE for the Common Units for the ten trading days preceding the date of such notice), or (Bbb) to such Holders if USWS and to the extent that the Partnership has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the such Holders will have an adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the such Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 3.1 hereof and confirmation of receipt of 3.1. Each such notice shall be requested in the notice. The Holder will have two Business Days (or one Business Day in connection with any overnight or bought Underwritten Offering) after notice such Piggyback Notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (xAA) in the case of a 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 (yBB) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at least one Business Day prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Partnership pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 2 contracts
Sources: Registration Rights Agreement (EnLink Midstream Partners, LP), Convertible Preferred Unit Purchase Agreement (EnLink Midstream Partners, LP)
Participation. If at any time USWS (i) on or after the 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) at a 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 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement related to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act)Underwritten Offering, so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included 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 Class A Common Stock in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely including pursuant 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 salesSection 2.03, then USWS the Partnership shall give not less than three four (34) Business Days advance Days’ notice (including, but not limited to, including notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable SecuritiesGEPIF, and such notice Piggyback Notice shall offer such Holder GEPIF (on behalf of itself and as representative of each other Holder) the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such up to one-third (including the securities being registered pursuant to Section 2.03) of the aggregate number of 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 each such Holder GEPIF may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) the Partnership shall not be required to include offer such opportunity (A) if GEPIF and the Registrable Securities of the Holders in such Registration if the other Holders do not offer request registration of a minimum of $5.0 50 million of Registrable Securities, or (B) if 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, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 3.1 hereof and confirmation of receipt of such notice shall be requested in the notice. The Holder will have two Business Days after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within aggregate (determined by multiplying the specified time, such Holder shall have no further right to participate in such Piggyback Registration. If, at any time after giving written notice number of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) in owned by the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities Average VWAP 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS of such withdrawal up to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS requesting that such Holder not receive notice from USWS of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.ten
Appears in 2 contracts
Sources: Registration Rights Agreement (Nextera Energy Partners, Lp), Membership Interest Purchase Agreement (NextEra Energy Partners, LP)
Participation. If at In the event the Registrable Securities may not be disposed of without restriction pursuant to any time USWS section of Rule 144 (or any similar provision then in effect) under the Securities Act, if the Partnership proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in a Shelf other than the Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective2.01(a), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 Class A Common Stock LP Units in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely then as soon as practicable following the engagement of counsel by the Partnership to employee benefit plansprepare the documents to be used in connection with an Underwritten Offering, (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 USWS the Partnership shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than ) holding at least $5.0 10.0 million of the then-outstanding Registrable Securities, Securities (based on the LP Unit Price) and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Partnership 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 LP Units in 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 Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 Any 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 provided in this Section 2.02(a) to 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 3.1 3.01 hereof and confirmation of receipt of such notice shall be requested in confirmed by the noticeHolder. The Each such Holder will shall then have two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Partnership pursuant to this Section 2.2(a2.02(a), unless such Piggyback . The Holders indicated on Schedule A hereto shall each be deemed to have delivered an Opt-Out Notice is revoked by such Holderas of the date hereof.
Appears in 2 contracts
Sources: Registration Rights Agreement (Buckeye Partners, L.P.), Lp Unit Purchase Agreement (Buckeye Partners, L.P.)
Participation. If Subject to Section 4(b) hereof, if at any time USWS proposes to file after the date hereof the Company files a Registration Statement (i) at a time when USWS is not a WKSI, other than a registration statement and on Form S-4 or S-8 or any successor form to such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a) Forms or any registration of this Agreement that is currently effective, or (ii) a prospectus supplement securities as it relates to an effective “automatic shelf registration statement” (as defined in Rule 405 under offering and sale to management of the Securities Act), so long as USWS is a WKSI at such time or, whether Company pursuant to any employee stock plan or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included 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 Class A Common Stock in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely to employee benefit plans, (bplan arrangement) a registration relating solely with respect to a Rule 145 transaction, or (c) a registration statement on an offering that includes any registration form which does not permit secondary salesshares of Common Stock, then USWS the Company shall give not less than three (3) Business Days advance prompt notice (including, but not limited to, notification by e-mail; such notice, a “Piggyback the "Initial Notice”") of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, the Investor and such notice the Investor shall offer such Holder the opportunity to participate in any Underwritten Offering and be entitled to include in such Underwritten Offering such number of Registration Statement any Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); held by it, provided, however, that USWS (A) the Investor shall not be required entitled to such participation rights with respect to the Registration Statement to be filed within ninety (90) 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 the any or all of its Registrable Securities of the Holders in such Registration if Statement, then the Holders do not Company shall give prompt notice (the "Piggyback Notice") to each Holder (excluding the Investor) and each such Holder shall be entitled to include in such Registration Statement any Registrable Securities held by it. The Initial Notice and Piggyback Notice shall offer a minimum the Investor and the Holders, respectively, the opportunity to register such number of $5.0 million shares of Registrable Securities, or Securities as the Investor and each Holder may request and shall set forth (Bi) if USWS has been advised by the Managing Underwriter anticipated filing date of such Registration Statement and (ii) the number of shares of Common Stock that the inclusion is proposed to be included in such Registration Statement. The Company shall include in such Registration Statement such shares of Registrable Securities for sale for which it has received written requests to register such shares within 15 days after 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, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 Initial 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 and 7 days 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 3.1 hereof and confirmation of receipt of such notice shall be requested in the notice. The Holder will have two Business Days after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback Registration. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS of such withdrawal up to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS requesting that such Holder not receive notice from USWS of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 2 contracts
Sources: Registration Rights Agreement (Fleming Companies Inc /Ok/), Registration Rights Agreement (Fleming Companies Inc /Ok/)
Participation. If at any time USWS the Partnership proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in a Shelf other than the Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective2.01(a), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 Class A Common Stock Units in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely then as soon as practicable following the engagement of counsel by the Partnership to employee benefit plansprepare the documents to be used in connection with an Underwritten Offering, (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 USWS the Partnership shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than ) holding at least $5.0 10.0 million of the then-outstanding Registrable Securities, Securities (based on the Purchase Price per Common Unit under the Purchase Agreement) and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Partnership 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 Units in 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 Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 Any 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 provided in this Section 2.02(a) to 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 3.1 3.01 hereof and confirmation of receipt of such notice shall be requested in confirmed by the noticeHolder. The Each such Holder will shall then have two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Partnership pursuant to this Section 2.2(a2.02(a), unless such Piggyback . The Holders indicated on Schedule A hereto as having opted out shall each be deemed to have delivered an Opt-Out Notice is revoked by such Holderas of the date hereof.
Appears in 2 contracts
Sources: Registration Rights Agreement (DCP Midstream Partners, LP), Common Unit Purchase Agreement (DCP Midstream Partners, LP)
Participation. If at any time USWS So long as a Holder holds Registrable Securities, if the Partnership proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in other than a Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective2.01(a), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act, other than a Registration Statement contemplated by Section 2.01(a), so long as USWS is or (iii) a WKSI at such time orregistration statement, whether or not USWS is other than a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included 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 amendmentshelf registration statement, in each case, for the sale of Class A Common Stock Units in an Underwritten Offering for its own account and/or or that of another Person, other than (a) or both, and Holders may be included in such Underwritten Offering without the filing of 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 salespost-effective amendment thereto, then USWS the Partnership shall give not less than three (3) Business Days advance Days’ notice (including, but not limited to, notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) owning more than $5.0 10 million of Registrable Securities, calculated on the basis of the Purchased Unit Price (the “Tag-Along Holders”), and such notice Piggyback Notice shall offer such Tag-Along Holder the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Tag-Along Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) the Partnership shall not be required to include the Registrable Securities of the offer such opportunity (A) to such Tag-Along Holders in such Registration if the Holders Tag-Along Holders, together with their Affiliates, do not offer a minimum of $5.0 10 million of Registrable Securities, in the aggregate (determined by multiplying the number of Registrable Securities owned by the average of the closing price on the NYSE for the Common Units for the ten trading days preceding the date of such notice), or (B) to such Tag-Along Holders if USWS and to the extent that the Partnership has been advised in writing by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the such Tag-Along Holders will have an adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the such Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Tag-Along Holders shall be determined based on the provisions of Section 2.2(b2.02(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 Tag-Along Holders on a Business Day pursuant to Section 3.1 hereof 3.01 and confirmation of receipt of such notice shall be requested in confirmed and kept confidential by the noticeTag-Along Holders until such proposed Underwritten Offering is (x) publicly announced or (y) such Tag-Along Holder received notice that such proposed Underwritten Offering has been abandoned, which such abandonment notice shall be provided promptly by the Partnership to each Tag-Along Holder but no later than 14 days after delivery of the Piggyback Notice to Tag-Along Holders. The Each such Tag-Along Holder will have two Business Days (or one Business Day in connection with any overnight or bought Underwritten Offering) after notice such Piggyback Notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Tag-Along Holder is received within the specified time, such Tag-Along Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x1) in the case of a 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 (y2) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at least one Business Day prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 2 contracts
Sources: Registration Rights Agreement (KNOT Offshore Partners LP), Series a Preferred Unit Purchase Agreement (KNOT Offshore Partners LP)
Participation. If at In the event those Registrable Securities that are LP Units may not be disposed of without restriction pursuant to any time USWS section of Rule 144 (or any similar provision then in effect) under the Securities Act, if the Partnership proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in a Shelf other than the Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective2.01(a), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 Class A Common Stock LP Units in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely then as soon as practicable following the engagement of counsel by the Partnership to employee benefit plansprepare the documents to be used in connection with an Underwritten Offering, (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 USWS the Partnership shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than ) holding at least $5.0 10.0 million of the then-outstanding Registrable Securities, Securities that are LP Units (based on the LP Unit Price) and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of 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 USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Partnership has been advised by the Managing Underwriter that the inclusion of such 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 LP Units in 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 such Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 Any 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 provided in this Section 2.02(a) to 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 3.1 3.01 hereof and confirmation of receipt of such notice shall be requested in confirmed by the noticeHolder. The Each such Holder will shall then have two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after notice has been delivered to request in writing the inclusion of those Registrable Securities that are LP Units in the Underwritten Offering. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Partnership pursuant to this Section 2.2(a2.02(a), unless such Piggyback . The Holders indicated on Schedule A hereto shall each be deemed to have delivered an Opt-Out Notice is revoked by such Holderas of the date hereof.
Appears in 2 contracts
Sources: Class B Unit Purchase Agreement (Buckeye Partners, L.P.), Registration Rights Agreement (Buckeye Partners, L.P.)
Participation. If at any time USWS the Company proposes to file (i) at a time when USWS is not Registration Statement (other than a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a2.01(a)) on its own behalf relating to the sale of this Agreement that is currently effective, Common Stock or on behalf of any other Persons who have or have been granted registration rights (the “Other Holders”) or (ii) a prospectus supplement relating to the sale of Common Stock by the Company or any Other Holders to an effective “automatic shelf automatic” registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS the Company is a WKSI at such time or, whether or not USWS the Company is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf shelf Registration Statement or are included in 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 the case of each caseof clause (i) and (ii), for the sale of Class A Common Stock by the Company or Other Holders in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely including an Underwritten Offering undertaken pursuant 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 salesSection 2.03), then USWS the Company shall give not less than three four (34) Business Days’ notice (or two (2) Business Days advance notice in connection with any overnight or bought Underwritten Offering) (including, but not limited to, notification by e-electronic mail; such notice, a ) (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 ) owning more than $5.0 25 million of Common Stock (determined by multiplying the number of Registrable SecuritiesSecurities owned by the Purchased Common Stock Price), and such notice Piggyback Notice shall offer such Holder the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) the Company shall not be required to include the Registrable Securities offer such opportunity (A) to any such Holders (other than any Stonepeak Purchaser and any of the Holders in such Registration Stonepeak Purchaser’s respective Affiliates) if the Holders such Holders, together with their Affiliates, do not offer a minimum of $5.0 10 million of Registrable SecuritiesSecurities in the aggregate (determined by multiplying the number of Registrable Securities owned by the Purchased Common Stock Price), or (B) to any Holders if USWS and to the extent that the Company has been advised by the Managing Underwriter Underwriter, acting in good faith, that the inclusion of Registrable Securities for sale for the benefit of the such 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 such Underwritten Offering, then in which case the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 3.1 hereof and confirmation of receipt of such notice shall be requested 3.01. If practical in the notice. The Holder will have two Business Days after notice has been delivered context of the contemplated offering, the Company shall use reasonable efforts to request in writing increase the inclusion length of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right Piggyback Notice to participate in such Piggyback Registration. If, at any provide more time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 applicable Holders to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Registrable Securities in such Underwritten Offering by giving written notice make an election to USWS of such withdrawal up to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS requesting that such Holder not receive notice from USWS of any proposed Underwritten Offeringparticipate; provided, however, that any decision to increase the length of the Piggyback Notice for longer than two Business Days shall be in the sole discretion of the Company. Each such Holder may later revoke will have four (4) Business Days (or two (2) Business Days in connection with any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.overnight or
Appears in 2 contracts
Sources: Registration Rights Agreement (Evolve Transition Infrastructure LP), Registration Rights Agreement (Evolve Transition Infrastructure LP)
Participation. If at any time USWS the Partnership proposes to file during the Effectiveness Period (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in other than a Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective2.01(a), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS is other than a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are contemplated by Section 2.01(a) and Holders may be included in an effective Shelf 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 Class A Common Stock Units in an Underwritten Offering for its own account and/or or that 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 statement on any registration form which does not permit secondary salesboth, then USWS as soon as practicable following the selection of the Managing Underwriter for such Underwritten Offering, the Partnership shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than $5.0 million ) holding at least the Piggyback Threshold Amount of the then-outstanding Registrable Securities, Securities (calculated based on the Common Unit Price) and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) the Partnership shall not be required to include the Registrable Securities of the Holders in provide such Registration if the Holders do opportunity to any such Holder that does not offer a minimum of $5.0 million the Piggyback Threshold Amount of Registrable SecuritiesSecurities (based on the Common Unit Price), or and (B) if USWS the Partnership 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 amount, price, timing or probability of success of the distribution of the Class A Common Stock Units in 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 Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 Any 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 provided pursuant to this Section 2.02(a) to 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 3.1 hereof and confirmation of receipt of such notice shall be requested in confirmed by the noticeHolder. The Each such Holder will shall then have two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Partnership pursuant to this Section 2.2(a2.02(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“Holders” under either of the Existing Registration Rights Agreements or the registration statements, prospectuses and prospectus supplements filed in connection therewith.
Appears in 2 contracts
Sources: Registration Rights Agreement (Sanchez Production Partners LP), Registration Rights Agreement (Sanchez Production Partners LP)
Participation. If at any time USWS the Partnership proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in a Shelf other than the Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective2.01(a), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities ActRegistration Statement contemplated by Section 2.01(a), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf Registration Statement, 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 Class A Common Stock Units in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely then as soon as practicable following the engagement of counsel by the Partnership to employee benefit plansprepare the documents to be used in connection with an Underwritten Offering, (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 USWS the Partnership shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than ) holding at least $5.0 25.0 million of the then-outstanding Registrable Securities, Securities (calculated based on the Common Unit Price) (the “Threshold Amount”) and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Partnership 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 Units in 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 Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 Any 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 provided in this Section 2.02(a) to 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 3.1 3.01 hereof and confirmation of receipt of such notice shall be requested in confirmed and kept confidential by the noticeHolder until such proposed Underwritten Offering is (i) publicly announced or (ii) such Holder receives notice that such proposed Underwritten Offering has been abandoned, which such notice shall be provided promptly by the Partnership to each Holder. The Each such Holder will shall then have two (2) Business Days (or one (1) Business Day in connection with any overnight or bought deal Underwritten Offering) after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Partnership pursuant to this Section 2.2(a2.02(a), unless such Piggyback . The Holders indicated on Schedule A hereto as having opted out shall each be deemed to have delivered an Opt-Out Notice is revoked by such Holderas of the date hereof.
Appears in 2 contracts
Sources: Common Unit Purchase Agreement (Energy Transfer Equity, L.P.), Registration Rights Agreement (Energy Transfer Equity, L.P.)
Participation. If at any time USWS If, the Company proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement other than the registration statements contemplated by Section 2.1(aSections 4.01(a) of this Agreement that is currently effectiveand 4.01(b), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 Class A Common Stock in an Underwritten Offering for its own account and/or or for 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 statement on any registration form which does not permit secondary salesstockholder of the Company, then USWS as soon as 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 three (3) Business Days advance notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than ) holding at least $5.0 million of the then-outstanding Registrable Securities, Securities (based on the VWAP Price) and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Company has been advised by the Managing Underwriter that the inclusion of such 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, 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 Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b4.02(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 Any 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 provided in this Section 4.02(a) to 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 3.1 5.01 hereof and confirmation of receipt of such notice shall be requested in confirmed by the noticeHolder. The Each such Holder will shall then have two five (5) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Company shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Company may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Company of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Company requesting that such Holder not receive notice from USWS the Company of any proposed Underwritten Offering; 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), USWS the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a4.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Company pursuant to this Section 2.2(a4.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 2 contracts
Sources: Registration Rights, Lock Up and Buy Back Agreement (Magnum Hunter Resources Corp), Registration Rights, Lock Up and Buy Back Agreement (Penn Virginia Corp)
Participation. If at any time USWS the Partnership proposes to file (i) at a 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 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously Shelf Registration Statement and Holders may be included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 Class A Common Stock Units in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely then as soon as practicable following the engagement of counsel by the Partnership to employee benefit plansprepare the documents to be used in connection with such Underwritten Offering, (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 USWS the Partnership shall give not less than three (3) Business Days advance notice (including, but not limited to, notification which may be given by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together holding at least one million Registrable Securities (subject to adjustment in accordance with its Affiliates, owns more than $5.0 million of Registrable Securities, Section 3.04) and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of 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 USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Partnership 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 Units in 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 Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.03(b). If USWS is not required Subject to offer Section 2.03(b), 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, Partnership 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 all included Registrable Securities for sale for that are Fungible Securities with respect to which the benefit of the Holders will have Partnership has received requests within two (2) Business Days (or one (1) Business Day in connection with a “bought deal” or an adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock in the “overnight” 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 3.1 hereof and confirmation of receipt of such notice shall be requested in the notice. The Holder will have two Business Days after Partnership’s notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offeringaccordance with Section 3.01. If no written request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at or prior to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS requesting that such Holder not receive notice from USWS of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 2 contracts
Sources: Registration Rights Agreement (Foresight Energy LP), Registration Rights Agreement (Foresight Energy LP)
Participation. If So long as a Unitholder has Registrable Securities, if at any time USWS the Partnership proposes to file (i) at a time when USWS is not a WKSI, a registration statement and such Holder Unitholder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously are included in the underlying Shelf shelf Registration Statement or are included in on an effective Shelf 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 Class A Common Stock Units in an Underwritten Offering underwritten 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 USWS as soon as reasonably practicable following the engagement of counsel by the Partnership to prepare the documents to be used in connection with an underwritten offering, the Partnership shall give not less than three (3) Business Days advance notice (including, but not which may be limited to, to notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering underwritten offering to each Holder that, Unitholder (together with its Affiliates, owns more than ) holding at least $5.0 15 million of the then-outstanding Registrable Securities, Securities (calculated based on the volume-weighted average trading price of the Common Units for the 20 Business Days prior to the date of such notice) and such notice shall offer such Holder Unitholders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering underwritten offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder Unitholder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) the Partnership shall not be required to include provide such opportunity unless the Registrable Securities of Unitholders propose to offer, in the Holders in such Registration if the Holders do not offer a minimum of aggregate, at least $5.0 50 million of Registrable SecuritiesSecurities (calculated based on the volume-weighted average trading price of the Common Units for the 20 Business Days prior to the date of such notice), or and (B) if USWS the Partnership has been advised by the Managing managing Underwriter or Underwriters for such underwritten offering that the inclusion of Registrable Securities for sale for the benefit of the Holders Unitholders will have an adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the Underwritten Offeringunderwritten offering, then (1) if no Registrable Securities can be included in the underwritten offering in the opinion of the managing Underwriter or Underwriters, the Partnership shall not be required to offer such opportunity to the Unitholders or (2) if any Registrable Securities can be included in the underwritten offering in the opinion of the managing Underwriter or Underwriters, then the amount of Registrable Securities to be offered for the accounts of Holders Unitholders shall be determined based on in accordance with the provisions of Section 2.2(b2.1(d)(ii). 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 Any 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 provided in this Section 2.2(a) 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 Unitholders shall be provided to Holders on a Business Day pursuant to Section 3.1 4.1 hereof and confirmation of receipt of such notice shall be requested in confirmed by the noticeUnitholder. The Holder will Each such Unitholder shall then have two (2) Business Days (or one (1) Business Day in connection with any overnight or bought underwritten offering) after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offeringunderwritten offering. If no written request for inclusion from a Holder Unitholder is received within the specified time, each such Holder Unitholder shall have no further right to participate in such Piggyback Registrationunderwritten offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering underwritten offering and prior to the closing of such Underwritten Offeringunderwritten offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offeringunderwritten offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders Unitholders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering underwritten offering by giving written notice to USWS the Partnership of such withdrawal up at or prior to and including the time of pricing of such underwritten 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 USWS the Partnership requesting that such Holder Unitholder not receive notice from USWS the Partnership of any proposed Underwritten Offeringunderwritten 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), USWS the Partnership shall not be required to deliver any notice to such Holder Unitholder pursuant to this Section 2.2(a) and such Holder Unitholder shall no longer be entitled to participate in Underwritten Offerings underwritten offerings by USWS the Partnership pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder2.2.
Appears in 2 contracts
Sources: Unitholder Agreement (EnLink Midstream Partners, LP), Unitholder Agreement (Devon Energy Corp/De)
Participation. If So long as a Unitholder has Registrable Securities, if at any time USWS the Company proposes to file (i) at a time when USWS is not a WKSI, a registration statement and such Holder Unitholder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, statement so long as the Registrable Securities were previously are included in the underlying Shelf shelf Registration Statement or are included in on an effective Shelf 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 Class A EnLink Midstream Common Stock Units in an Underwritten Offering underwritten 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 USWS 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 three (3) Business Days advance notice (including, but not which may be limited to, to notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering underwritten offering to each Holder that, Unitholder (together with its Affiliates, owns more than ) holding at least $5.0 15 million of the then-outstanding Registrable Securities, 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 notice shall offer such Holder Unitholders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering underwritten offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder Unitholder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) the Company shall not be required to include provide such opportunity unless the Registrable Securities of Unitholders propose to offer, in the Holders in such Registration if the Holders do not offer a minimum of aggregate, at least $5.0 50 million of Registrable SecuritiesSecurities (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), or and (B) if USWS the Company has been advised by the Managing managing Underwriter or Underwriters for such underwritten offering that the inclusion of Registrable Securities for sale for the benefit of the Holders Unitholders will have an adverse effect on the offering price, timing or probability of success of the distribution of the Class A EnLink Midstream Common Stock Units in the Underwritten Offeringunderwritten offering, then (1) if no Registrable Securities can be included in the underwritten offering in the opinion of 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 the underwritten offering in the opinion of the managing Underwriter or Underwriters, then the amount of Registrable Securities to be offered for the accounts of Holders Unitholders shall be determined based on in accordance with the provisions of Section 2.2(b2.1(d)(ii). 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 Any 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 provided in this Section 2.2(a) 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 Unitholders shall be provided to Holders on a Business Day pursuant to Section 3.1 4.1 hereof and confirmation of receipt of such notice shall be requested in confirmed by the noticeUnitholder. The Holder will Each such Unitholder shall then have two (2) Business Days (or one (1) Business Day in connection with any overnight or bought underwritten offering) after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offeringunderwritten offering. If no written request for inclusion from a Holder Unitholder is received within the specified time, each such Holder Unitholder shall have no further right to participate in such Piggyback Registrationunderwritten offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering underwritten offering and prior to the closing of such Underwritten Offeringunderwritten offering, USWS the Company shall determine for any reason not to undertake or to delay such Underwritten Offeringunderwritten offering, USWS the Company may, at its election, give written notice of such determination to the Selling Holders Unitholders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering underwritten offering by giving written notice to USWS the Company of such withdrawal up at or prior to and including the time of pricing of such underwritten 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 USWS the Company requesting that such Holder Unitholder not receive notice from USWS the Company of any proposed Underwritten Offeringunderwritten 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), USWS the Company shall not be required to deliver any notice to such Holder Unitholder pursuant to this Section 2.2(a) and such Holder Unitholder shall no longer be entitled to participate in Underwritten Offerings underwritten offerings by USWS the Company pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder2.2.
Appears in 2 contracts
Sources: Registration Rights Agreement (EnLink Midstream, LLC), Registration Rights Agreement (Devon Energy Corp/De)
Participation. If Within twenty (20) days after receipt of the Issuance Notice, each Investor may elect to purchase or otherwise acquire, at any time USWS proposes to file (i) at a time when USWS is not a WKSI, a registration statement the price and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under on the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included terms specified in the underlying Shelf Registration Statement 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 are included exercisable securities of the Company held by such Investor) then held by such Investor bears to the total number of Ordinary Shares then outstanding ( assuming full conversion and exercise of all convertible or exercisable securities of the Company) (the “Pro Rata Portion”). Upon the expiration of such twenty (20) day period, the Company shall promptly notify in an effective Shelf Registration Statement, or in any case in which Holders may participate in such offering without writing (the filing of a post-effective amendment, in “Overallotment Notice”) each case, for Investor that elects to purchase all the sale of Class A Common Stock in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely New Securities available 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 USWS shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-mail; such noticeit ( each, a “Piggyback NoticeFully 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 to each Holder that, together with its Affiliates, owns more than $5.0 million Investor’s Pro Rata Portion of Registrable the New Securities, and any New Securities that any Investor had the right to purchase or otherwise acquire pursuant to this Section 8 but which were not so subscribed for by such notice shall offer such Holder Investor (in the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (aggregate, the “Included Registrable Unsubscribed New Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, howeverthat, that USWS (A) shall not be required in the event the Fully Exercising Investors elect to include purchase more than the Registrable Securities total number of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Unsubscribed New Securities, each Fully Exercising Investor that elects to purchase or (B) if USWS has been advised by the Managing Underwriter that the inclusion of Registrable otherwise acquire any Unsubscribed New 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, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 3.1 hereof and confirmation of receipt of such notice shall be requested in the notice. The Holder will have two Business Days after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback Registration. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 purchase or otherwise acquire that portion of such Selling Holder’s Registrable the Unsubscribed New Securities in such Underwritten Offering by giving written notice to USWS of such withdrawal up to and including which equals the time of pricing of such offering. Any Holder may deliver written notice proportion (a the “Piggyback Opt-Out NoticeUnsubscribed 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 Fully Exercising Investor) then held by such Fully Exercising Investor bears to USWS requesting the 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 initial calculation due to any Fully Exercising Investor not electing to purchase its full Unsubscribed Pro Rata being apportioned to the Fully Exercising Investors that such Holder not receive notice from USWS of any proposed Underwritten Offering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of elect to purchase more than their Unsubscribed Pro Rata on a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(aprorated basis), unless such Piggyback Opt-Out Notice another method of apportionment is revoked mutually agreed to by such Holderthe Fully Exercising Investors.
Appears in 2 contracts
Sources: Investor Rights Agreement (Structure Therapeutics Inc.), Investor Rights Agreement (ShouTi Inc.)
Participation. If at any time USWS the Partnership proposes to file (i) at a 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 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously Shelf Registration Statement and Holders may be included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 Class A Common Stock Units in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely then as soon as practicable following the engagement of counsel by the Partnership to employee benefit plansprepare the documents to be used in connection with such Underwritten Offering, (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 USWS the Partnership shall give not less than three (3) Business Days advance notice (including, but not limited to, including notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million holding at least 5% of the then-outstanding Registrable Securities, Securities and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Partnership has been advised by the Managing Underwriter Underwriter(s) 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 Units in the Underwritten Offering, then (A) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter(s), 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(s), then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.03(b). If USWS is not required Subject to offer Section 2.03(b), 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, Partnership 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 all included Registrable Securities for sale for with respect to which the benefit of the Holders will have Partnership has received requests within two (2) Business Days (or one (1) Business Day in connection with a “bought deal” or an adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock in the “overnight” 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 3.1 hereof and confirmation of receipt of such notice shall be requested in the notice. The Holder will have two Business Days after Partnership’s notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offeringaccordance with Section 3.01. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at or prior to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS requesting that such Holder not receive notice from USWS of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 2 contracts
Sources: Registration Rights Agreement (Enviva Partners, LP), Registration Rights Agreement (Enviva Partners, LP)
Participation. If at any time USWS the Company proposes to file (i) at a time when USWS is not Registration Statement (other than a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a2.01(a)) on its own behalf relating to the sale of this Agreement that is currently effective, Common Stock or on behalf of any other Persons who have or have been granted registration rights (the “Other Holders”) or (ii) a prospectus supplement relating to the sale of Common Stock by the Company or any Other Holders to an effective “automatic shelf automatic” registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS the Company is a WKSI at such time or, whether or not USWS the Company is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf shelf Registration Statement or are included in 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 Class A Common Stock by the Company or Other Holders in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely including an Underwritten Offering undertaken pursuant 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 salesSection 2.03), then USWS the Company shall give not less than three four Business Days’ notice (3) or two Business Days advance notice in connection with any overnight or bought Underwritten Offering) (including, but not limited to, notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) owning more than $5.0 75 million of Common 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 notice Piggyback Notice shall offer such Holder the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) the Company shall not be required to include the Registrable Securities offer such opportunity (A) to any such Holders other than any of the Holders in such Registration Stonepeak and its Affiliates if the Holders Holders, together with their Affiliates, do not offer a minimum of $5.0 50 million of Registrable SecuritiesSecurities in the aggregate (determined by multiplying the number of Registrable Securities owned by the Purchased Preferred Stock Price ), or (B) to such Holders if USWS and to the extent that the Company has been advised by the Managing Underwriter Underwriter, acting in good faith, that the inclusion of Registrable Securities for sale for the benefit of the such 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 such Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 3.1 hereof and confirmation 4.01. If practical in the context of receipt the contemplated offering, the Company shall use reasonable efforts to increase the length of such notice the Piggyback Notice to provide more time for the applicable Holders to make an election to participate; provided, however, that any decision to increase the length of the Piggyback Notice for longer than two Business Days shall be requested in the noticesole discretion of the Company. The Each such Holder will have four Business Days (or two 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 notice such Piggyback Notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake such an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Company shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Company may, at its election, give written notice of such determination to the Selling Holders and, (x1) in the case of a 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 (y2) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Company of such withdrawal up at least one Business Day prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS the Company requesting that such Holder not receive notice from USWS the Company of any proposed Underwritten Offering; 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), USWS the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 2 contracts
Sources: Series a Preferred Stock Purchase Agreement (Targa Resources Corp.), Registration Rights Agreement (Targa Resources Corp.)
Participation. If at In the event the Registrable Securities may not be disposed of without restriction pursuant to any time USWS section of Rule 144 (or any similar provision then in effect) under the Securities Act, if the Partnership proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement other than the registration statements contemplated by Section 2.1(a2.01(a) of this Agreement that is currently effectiveand Section 2.01(b), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 Class A Common Stock Units in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely then as soon as practicable following the engagement of counsel by the Partnership to employee benefit plansprepare the documents to be used in connection with an Underwritten Offering, (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 USWS the Partnership shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than ) holding at least $5.0 10.0 million of the then-outstanding Registrable Securities, Securities (based on the Common Unit Price) and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Partnership has been advised by the Managing Underwriter that the inclusion of such 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 Units in 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 Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 Any 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 provided in this Section 2.02(a) to 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 3.1 3.01 hereof and confirmation of receipt of such notice shall be requested in confirmed by the noticeHolder. The Each such Holder will shall then have two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Partnership pursuant to this Section 2.2(a2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 2 contracts
Sources: 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 USWS So long as a Holder has Common Stock Registrable Securities, if the Company proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in other than a Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective2.01(a), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under statement relating to the Securities Act)sale of equity securities of the Company for its own account or that of another Person, so long as USWS is or both, other than a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 Class A shares of Common Stock in an Underwritten Offering for its own account and/or or that 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 statement on any registration form which does not permit secondary salesboth, then USWS promptly following the selection of the Managing Underwriter for such Underwritten Offering, the Company shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than $5.0 million ) holding at least the Piggyback Threshold Amount of the then-outstanding Common Stock Registrable Securities, Securities (calculated based on the Common Stock Price) and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Common Stock Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) the Company shall not be required to include the Registrable Securities of the Holders in provide such Registration if the Holders do opportunity to any such Holder that does not offer a minimum of $5.0 million the Piggyback Threshold Amount of Common Stock Registrable SecuritiesSecurities (based on the Common Stock Price), or such lesser amount if it constitutes the remaining holdings of such Holder, and (B) if USWS the Company has been advised by the Managing Underwriter that the inclusion of Common Stock 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 shares of Common Stock in 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 Stock Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 Any 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 provided in this Section 2.02(a) to 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 3.1 hereof and confirmation of receipt of such notice shall be requested in confirmed by the noticeHolder. The Each such Holder will shall then have two five Business Days (or three Business Days in connection with any overnight or bought Underwritten Offering) after notice has been delivered to request in writing the inclusion of Common Stock Registrable Securities in the Underwritten Offering. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Company shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Company may, at its election, give written notice of such determination to the Selling Holders and, (x1) in the case of a 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 (y2) 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 Stock Registrable Securities in such Underwritten Offering by giving written notice to USWS the Company of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Company requesting that such Holder not receive notice from USWS the Company of any proposed Underwritten Offering; 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), USWS the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Company pursuant to this Section 2.2(a2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 2 contracts
Sources: Registration Rights Agreement (Great Ajax Corp.), Registration Rights Agreement (Great Ajax Corp.)
Participation. If at any time USWS So long as a Holder has Registrable Securities, if the Partnership proposes to file (i) at a time when USWS is not shelf registration statement, other than a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective2.01(a), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under statement relating to the Securities Actsale of equity securities of the Partnership, other than a Registration Statement contemplated by Section 2.01(a), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf Registration Statement, 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 Class A Common Stock Units in an Underwritten Offering for its own account and/or or that 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 statement on any registration form which does not permit secondary salesboth, then USWS promptly following the selection of the Managing Underwriter for such Underwritten Offering, the Partnership shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than $5.0 million ) holding at least the Piggyback Threshold Amount of the then-outstanding Registrable Securities, Securities (calculated based on the Unit Purchase Price) and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) the Partnership shall not be required to include provide such opportunity if, in the Registrable Securities of the Holders in such Registration if aggregate, the Holders do not offer a minimum of $5.0 million the Piggyback Threshold Amount of Registrable SecuritiesSecurities (based on the Unit Purchase Price), or and (B) if USWS the Partnership 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 Units in the Underwritten Offering, then (x) if, in the opinion of 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 Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 Any 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 provided in this Section 2.02(a) to 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 3.1 hereof and confirmation of receipt of such notice shall be requested in confirmed by the noticeHolder. The Each such Holder will shall then have two three Business Days (or one Business Day in connection with any overnight or bought Underwritten Offering) after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no a Holder’s written request for inclusion from a Holder is not received within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason to delay or not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x1) in the case of a 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 (y2) 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 Registrable Securities in such ACTIVE 226509354 Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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)Holder, USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Partnership pursuant to this Section 2.2(a2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 1 contract
Sources: Class B Convertible Preferred Unit Purchase Agreement (Mid-Con Energy Partners, LP)
Participation. If at In the event the Registrable Securities may not be disposed of without restriction pursuant to any time USWS section of Rule 144 (or any similar provision then in effect) under the Securities Act, if the Partnership proposes to file (i) at a 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 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 (ii) a registration statement, other than a shelf registration statement, in each case, for the sale of Class A Common Stock Units in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely then as soon as practicable following the engagement of counsel by the Partnership to employee benefit plansprepare the documents to be used in connection with an Underwritten Offering, (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 USWS the Partnership shall give not less than three (3) Business Days advance notice (includingwhich may include, but not limited towithout limitation, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than holds in the aggregate at least $5.0 10.0 million of the then-outstanding Registrable Securities, Securities (based on the Common Unit Price) and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (Ai) the Partnership shall not be required to include the Registrable Securities of the Holders in provide such Registration if the Holders do opportunity to any such Holder that does not offer a minimum of $5.0 10.0 million of Registrable SecuritiesSecurities (based on the Common Unit Price), or (Bii) if USWS the Partnership 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 Units in 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 Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(b). If USWS is not Any notice required to offer the opportunity for be provided in this Section 2.02(a) to Holders shall be provided on a Piggyback Registration in respect of a proposed Underwritten Offering as a result of the circumstance Business Day pursuant to Section 3.01 hereof. Each such Holder 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 then have the opportunity to include Registrable Securities two (2) Business Days (or one (1) Business Day 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 connection with any overnight or probability of success of the distribution of the Class A Common Stock in the bought 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 3.1 hereof and confirmation of receipt of such notice shall be requested in the notice. The Holder will have two Business Days after notice has been delivered to request in writing the inclusion of 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 Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Partnership pursuant to this Section 2.2(a2.02(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 Holdershall be deemed to have delivered an Opt-Out Notice as of the date hereof.
Appears in 1 contract
Sources: Registration Rights Agreement (Teekay Offshore Partners L.P.)
Participation. If at any time USWS So long as a Holder has Registrable Shares, if the Company proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in other than a Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective2.01(a), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under statement relating to the Securities Act)sale of equity securities of the Company for its own account or that of another Person, so long as USWS is or both, other than a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 Class A shares of Common Stock in an Underwritten Offering for its own account and/or or that 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 statement on any registration form which does not permit secondary salesboth, then USWS promptly following the selection of the Managing Underwriter for such Underwritten Offering, the Company shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than $5.0 million ) holding at least the Piggyback Threshold Amount of the then-outstanding Registrable Securities, Shares and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities Shares (the “Included Registrable SecuritiesShares”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) the Company shall not be required to include the Registrable Securities of the Holders in provide such Registration if the Holders do opportunity to any such Holder that does not offer a minimum of $5.0 million the Piggyback Threshold Amount of Registrable SecuritiesShares, or such lesser amount if it constitutes the remaining holdings of such Holder, and (B) if USWS the Company has been advised by the Managing Underwriter that the inclusion of Registrable Securities Shares 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 shares of Common Stock in 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 Registrable Securities Shares to be offered for the accounts of Holders shall be determined based on the provisions of allocation set forth in Section 2.2(b2.02(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, Each such Holder shall 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 five Business Days (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 3.1 hereof and confirmation of receipt of such notice shall be requested in the notice. The Holder will have two Business Days in connection with any overnight or bought Underwritten Offering) after notice has been delivered to request in writing the inclusion of Registrable Securities Shares in the Underwritten Offering. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Company shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Company may, at its election, give written notice of such determination to the Selling Holders and, (x1) in the case of a 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 (y2) 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 Registrable Securities Shares in such Underwritten Offering by giving written notice to USWS the Company of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Company requesting that such Holder not receive notice from USWS the Company of any proposed Underwritten Offering; 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), USWS the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and in respect of such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such HolderOffering.
Appears in 1 contract
Participation. If at any time USWS the Company proposes to file (i) at a time when USWS is not Registration Statement (other than a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a)) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf automatic” registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS the Company is a WKSI at such time or, whether or not USWS the Company is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf shelf Registration Statement or are included in 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 Class A Common Stock Units in an Underwritten 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 USWS the Company shall give not less than three (3) Business Days advance Days’ notice (including, but not limited to, notification by e-mail; such notice, a the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) owning more than $5.0 75 million of Registrable SecuritiesCommon Units, calculated on the basis of the Unit Price, and such notice Piggyback Notice shall offer such Holder the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) the Company shall not be required to include the Registrable Securities of the offer such opportunity (aa) to such Holders in such Registration if the Holders Holders, together with their Affiliates, do not offer a minimum of $5.0 37.5 million of Registrable Securities, in the aggregate (determined by multiplying the number of Registrable Securities owned by the average of the closing price on the NYSE for the Common Units for the 10 trading days preceding the date of such notice), or (Bbb) to such Holders if USWS and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the such Holders will have an adverse effect on the offering price, timing timing, or probability of success of the distribution of the Class A Common Stock Units in the such Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 3.1 hereof and confirmation of receipt of 3.1. Each such notice shall be requested in the notice. The Holder will have two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after notice such Piggyback Notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Company shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Company may, at its election, give written notice of such determination to the Selling Holders and, (xAA) in the case of a 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 (yBB) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Company of such withdrawal up at least one (1) Business Day prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS the Company requesting that such Holder not receive notice from USWS the Company of any proposed Underwritten Offering; 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), USWS the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Company pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 1 contract
Sources: Registration Rights Agreement (EnLink Midstream, LLC)
Participation. If at any time USWS ONEOK proposes to file (i) at a time when USWS ONEOK is not a WKSI, a registration statement Registration Statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf automatic” registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS ONEOK is a WKSI at such time or, whether or not USWS ONEOK is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf shelf Registration Statement or are included in 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 Class A ONEOK Common Stock in an Underwritten Offering for its own account and/or another Person, other than (aA) a registration relating solely to employee benefit plans, (bB) a registration relating solely to a Rule 145 transaction, or (cC) a registration statement on any registration statement form which does not permit secondary sales, then USWS ONEOK shall give not less than three (3) Business Days advance Days’ notice (including, but not limited to, notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) owning more than $5.0 million 35,000,000 of Registrable SecuritiesSecurities (calculated in accordance with Section 3.5), and such notice Piggyback Notice shall offer such Holder the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) ONEOK shall not be required to include the Registrable Securities of the offer such opportunity (aa) to such Holders in such Registration if the Holders Holders, together with their Affiliates, do not offer a minimum of $5.0 million 50,000,000 of Registrable SecuritiesSecurities (calculated in accordance with Section 3.5), in the aggregate, or (Bbb) to such Holders if USWS and to the extent that ONEOK has been advised by the Managing Underwriter Underwriter(s) that the inclusion of Registrable Securities for sale for the benefit of the such Holders will have an adverse effect on the offering price, timing or probability of success of the distribution of the Class A ONEOK Common Stock in such Underwritten Offering or the Underwritten Offeringmarket for the ONEOK Common Stock, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 3.1 hereof and confirmation of receipt of 3.1. Each such notice shall be requested in the notice. The Holder will have two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after notice such Piggyback Notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS ONEOK shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS ONEOK may, at its election, give written notice of such determination to the Selling Holders and, (xAA) in the case of a 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 (yBB) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS ONEOK of such withdrawal up at least one (1) Business Day prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS ONEOK requesting that such Holder not receive notice from USWS ONEOK of any proposed Underwritten Offering; 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), USWS ONEOK shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS ONEOK pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. By execution of this Agreement, Holder hereby delivers a Piggyback Opt-Out Notice which shall continue to exist unless later revoked by such Holder in writing.
Appears in 1 contract
Participation. If at any time USWS during the period beginning on the date that the Effectiveness Period commences and ending four years after such date (as such period may be extended pursuant to Section 2.01(a) or 2.01(b), the “Registration Rights Period”), the Partnership proposes to file (including as a result of the exercise of registration rights by a holder other than a Holder) (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in a other than the Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effectiveStatement, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf Registration Statement, or in any case in which and Holders may participate in such offering could be included 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 Class A Common Stock Units in an Underwritten 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 USWS shall give as soon as practicable but not less than three (3) ten Business Days advance notice (including, but not limited to, notification by e-mail; such notice, a or one Business Day in the case of an Overnight Underwritten Offering or similar “Piggyback Noticebought deal”) 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, as the case may be (an “Underwritten Offering Filing”), then the Partnership shall give written notice of such proposed Underwritten Offering (a “Piggyback Offering”) to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, the Partnership Unitholders and such notice shall offer such Holder the Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities Partnership Common Units (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Partnership has been advised by the Managing Underwriter in writing that the inclusion of Registrable Securities for sale for the benefit of the Selling Holders will is likely to have an a material adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Selling Holders shall be determined based on the provisions of Section 2.2(b2.02(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 The 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 provided in this Section 2.02(a) to the Holders do not have Partnership Unitholders (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“Piggyback Notice”) 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 3.1 hereof and confirmation of 3.01. Promptly upon receipt of such notice the Piggyback Notice, the Partnership Unitholders shall be requested notify the other Holders (if any) of the opportunity to include in the noticeUnderwritten Offering such number of Partnership Common Units as each such Holder may request in writing. The Each Holder will shall then have two five Business Days (or one Business Day in the case of an Overnight Underwritten Offering or similar “bought deal”) after notice has been delivered the date on which the Partnership Unitholders received the Piggyback Notice to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified timesuch period, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing thereof, the Board of such Underwritten Offering, USWS Directors of the Partnership GP shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership GP may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering offering by giving written notice to USWS the Partnership of such withdrawal up to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS requesting that such Holder not receive notice from USWS of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 1 contract
Participation. If at any time USWS TMC proposes to file (i) at a time when USWS 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 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS TMC is a WKSI at such time or, whether or not USWS TMC is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included 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 Class A Common Stock in an Underwritten 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, (c) a registration statement relating solely to an at-the-market offering by TMC or (cd) a registration statement on any registration form which does not permit secondary sales, then USWS TMC shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, and such notice shall offer such Holder the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS 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 Class A Common Stock in the Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b). If USWS 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 clause (B) of the proviso of the immediately preceding sentence, then USWS TMC shall nevertheless be required to furnish to such Holders the Piggyback Notice in respect of such proposed Underwritten Offering, which notice shall describe USWSTMC’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 USWSTMC, shall include notification that the Holders do not have the opportunity to include Registrable Securities in such Underwritten Offering because USWS 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 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 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 3.1 hereof and confirmation of receipt of such notice shall be requested in the notice. The Holder will have two Business Days after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback Registration. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS TMC shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS TMC may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS TMC of such withdrawal up to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS TMC requesting that such Holder not receive notice from USWS TMC of any proposed Underwritten Offering; 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), USWS TMC shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS TMC pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 1 contract
Sources: Registration Rights Agreement (Tuesday Morning Corp/De)
Participation. If at any time USWS the Partnership proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in a Shelf other than the Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective2.01(a), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities ActRegistration Statement contemplated by Section 2.01(a), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf Registration Statement, 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 Class A Common Stock Units in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely then as soon as practicable following the engagement of counsel by the Partnership to employee benefit plansprepare the documents to be used in connection with an Underwritten Offering, (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 USWS the Partnership shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than ) holding at least $5.0 25.0 million of the then-outstanding Registrable Securities, Securities (calculated based on the Common Unit Price) (the “Threshold Amount”) and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Partnership 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 Units in 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 Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 Any 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 provided in this Section 2.02(a) to 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 3.1 3.01 hereof and confirmation of receipt of such notice shall be requested in confirmed and kept confidential by the noticeHolder until such proposed Underwritten Offering is (i) publicly announced or (ii) such Holder receives notice that such proposed Underwritten Offering has been abandoned, which such notice shall be provided promptly by the Partnership to each Holder. The Each such Holder will shall then have two (2) Business Days (or one (1) Business Day in connection with any overnight or bought deal Underwritten Offering) after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention giving
(a) The Holders indicated on Schedule A hereto as having opted out shall each be deemed to undertake have delivered an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS of such withdrawal up to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS requesting that such Holder not receive notice from USWS of any proposed Underwritten Offering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt as of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holderthe date hereof.
Appears in 1 contract
Sources: Unit Purchase Agreement
Participation. If at any time USWS the Company proposes to file (iA) at a time when USWS is not registration statement under the Securities Act providing for the public offering of Common Stock, for its own account or for the account of a WKSIselling stockholder, for sale to the public in an Underwritten Offering, excluding a registration statement on Form S-4 or Form S-8 promulgated under the Securities Act (or any successor forms thereto), a registration statement and such Holder has for the sale of Common Stock issued upon conversion of debt securities or any other form not previously included its available for registering the Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effectivefor sale to the public, or (iiB) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act)Shelf Registration Statement, so long as USWS the Company is a WKSI at such time or, whether or not USWS the Company is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included 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 amendmentthen, in each case, for the sale of Class A Common Stock in case with respect to an Underwritten Offering for its own account and/or another Personof Common Stock, 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 USWS shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to the Company will notify each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, the proposed filing and such notice shall offer such afford each Holder the an opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number all or any part of the Registrable Securities then held by such Holder (the “Included Registrable Securities”) as each that may properly be offered on such Holder may request in writing registration statement (a “Piggyback Registration”); provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS has been advised by the Managing Underwriter that the inclusion . Each Holder of Registrable Securities for agrees that the fact that such a notice has been delivered shall constitute confidential information and such Holder agrees not to disclose that such notice has been delivered or effect any public 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 until the earlier of (i) the date that the applicable registration statement or prospectus supplement has been filed with the Commission and (ii) 20 days after the date of such notice. Each Holder desiring to include in the Underwritten Offering, then the amount such Piggyback Registration all or part of such Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 held by 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 Holder 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 may be included in such offering. Each Piggyback Notice shall be provided to Holders on a Registration shall, within three Business Day pursuant to Section 3.1 hereof and confirmation of Days after receipt of such the above-described notice shall be requested from the Company in the notice. The Holder will have case of a filing of a registration statement and within two Business Days after the day of receipt of the above-described notice has been delivered from the Company in the case of a filing of a prospectus supplement to request an effective Shelf Registration Statement with respect to a Piggyback Registration, so notify the Company in writing writing, and in such notice shall inform the inclusion Company of the number of shares of Registrable Securities such Holder wishes to include in such Piggyback Registration and provide the Underwritten OfferingCompany with such information with respect to such Holder as shall be reasonably necessary in order to assure compliance with federal and applicable state securities Laws. If no request for inclusion from a Holder is received within the time period specified timein this Section 2.2(a), such Holder shall have no further right to participate in such Piggyback Registration. For the avoidance of doubt, the Company shall not be required to register any Registrable Securities upon the request of any Holder pursuant to a Piggyback Registration, or to permit the related prospectus or prospectus supplement to be used, in connection with any offering or transfer of Registrable Securities by a Holder other than pursuant to an Underwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Company shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Company may, at its election, give written notice of such determination to the Selling Holders and, and (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS of such withdrawal up to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS the Company requesting that such Holder not receive notice from USWS the Company of any proposed Underwritten Offering; 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), USWS the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Company pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 1 contract
Sources: Securities Purchase Agreement (Patterson Uti Energy Inc)
Participation. If at any time USWS after the Lock-Up Date the Partnership proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in a other than the Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective, 2.01 or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 Class A Common Stock Units in an Underwritten 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 USWS shall give as soon as practicable but not less than three (3) Business Days advance following the engagement of counsel by the Partnership to prepare the documents to be used in connection with an Underwritten Offering, the Partnership shall give notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Partnership 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 Units in 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 Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(b). If USWS is ; and, provided, further, that the Partnership shall not required be obligated to offer include any Registrable Securities in any Underwitten Offering unless the opportunity for a Piggyback Registration Holders request inclusion of at least $10.0 million of Registrable Securities in respect of a proposed Underwritten Offering as a result of the circumstance described aggregate 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 . Any 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 provided in this Section 2.02(a) to 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 3.1 3.01 hereof and confirmation of receipt of such notice shall be requested in confirmed by the noticeHolder. The Each such Holder will shall then have two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up to and including the time of pricing of such offeringUnderwritten 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 USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Partnership pursuant to this Section 2.2(a2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 1 contract
Participation. If at any time USWS prior to the third anniversary of the Series A Conversion Date and any Registrable Securities are then outstanding, Matador proposes to file (i) at a time when USWS Matador is not a WKSI, a registration statement statement, and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective, or (ii) following the Series A Conversion Date, a prospectus supplement to an effective “automatic shelf automatic” registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS Matador is a WKSI at such time or, whether or not USWS Matador is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in 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 Class A Common Stock Shares in an Underwritten Offering for its own account and/or the account of another Person, other then, as soon as practicable, but in any event not more than (a) five Business Days, following the engagement of a registration relating solely to employee benefit plansManaging Underwriter for an Underwritten Offering, (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 USWS Matador shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securitiesthe Holders, and such notice shall offer such Holder the Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) Matador shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or in the aggregate (B) if USWS has been advised determined by multiplying the Managing Underwriter that the inclusion number of Registrable Securities owned by the average of the closing price on the NYSE for sale Common Shares for the benefit ten (10) trading days preceding the date 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, then the amount of Registrable Securities such notice). The notice required to be offered for the accounts of provided in this Section 2.2(a) to Holders shall be determined based on the provisions of Section 2.2(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 3.1 hereof and confirmation of receipt of such notice shall be requested in the notice. The Holder will Holders shall then have two (2) Business Days after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback Registration. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS Matador shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS Matador may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 who requests inclusion in the Underwritten Offering shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Registrable Securities in such Underwritten Offering by giving written notice to USWS Matador of such withdrawal up prior to and including the time public announcement of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS requesting that such Holder not receive notice from USWS of any proposed the Underwritten Offering; provided, however, that after which time 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), USWS Selling Holders shall not be required have no right to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holderwithdraw their request.
Appears in 1 contract
Sources: Registration Rights Agreement (Matador Resources Co)
Participation. If Except as provided in Section 2.02(b), if at any time USWS during the Effectiveness Period, the Partnership proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement (in which shelf registration statement the Partnership covenants and such Holder has not previously included its agrees to include thereon a description of the transaction under which the Purchasers acquired the Registrable Securities in a Securities) other than the Shelf Registration Statement contemplated by Section 2.1(a2.01(a) of this Agreement that is currently effectiveand other than an Automatic Shelf Registration Statement, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying 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 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 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 Class A Common Stock Units in an Underwritten Offering or Overnight Underwritten 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 USWS shall give as soon as practicable but not less than three (3) ten Business Days advance (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 Partnership shall give notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering (a “Piggyback Offering”) to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, the Holders and such notice shall offer such Holder the Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of the Common Unit Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Partnership has been advised by the Managing Underwriter Underwriter, and the Partnership has advised the Selling Holders in writing, that the inclusion of Registrable Securities for sale for the benefit of the Selling Holders will have an a material adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Selling Holders shall be determined based on the provisions of Section 2.2(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 (B2.02(c) 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 this Agreement. The 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 provided in this Section 2.02(a) to each Holder (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“Piggyback Notice”) 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 3.1 hereof and confirmation of receipt of such notice 3.01 hereof. Each Holder shall be requested then have five Business Days (or one Business Day in the notice. The Holder will have two Business Days case of an Overnight Underwritten Offering) after notice has been delivered the date on which the Holders received the Piggyback Notice to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified timesuch period, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Board of Directors of the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering offering by giving written notice to USWS the Partnership of such withdrawal up to and including the time of pricing of such offering. Any Notwithstanding the foregoing, any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 1 contract
Sources: Registration Rights Agreement (Breitburn Energy Partners LP)
Participation. If at any time USWS the Company proposes to file (i) at a time when USWS is not Registration Statement (other than a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a2.01(a)) on behalf of this Agreement that is currently effectiveany 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 shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS the Company is a WKSI at such time or, whether or not USWS 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 in 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 Class A shares of Common Stock by Other Holders in an Underwritten 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 salesOffering, then USWS the Company shall give not less than three four (34) Business Days advance Days’ notice (including, but not limited to, notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than at least $5.0 15 million of Common Share Registrable Securities, Securities and such notice Piggyback 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 USWS (A) the Company shall not be required to include the Registrable Securities of the offer such opportunity (A) to such Holders in such Registration if the Holders Holders, together with their Affiliates, do not offer a minimum of $5.0 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 USWS 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 the such Holders will have an adverse effect on the offering price, timing or probability of success of the distribution of the Class A shares of Common Stock in the 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 2.2(b2.02(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 3.1 hereof 3.01 and confirmation of receipt of such notice shall be requested in confirmed and kept confidential by the noticeHolders 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. The Each such Holder will have two four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after notice such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten OfferingOffering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time, such Holder shall have no further right to participate in such Piggyback Registration. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS of such withdrawal up to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS requesting that such Holder not receive notice from USWS of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.if a
Appears in 1 contract
Sources: Registration Rights Agreement (Equitrans Midstream Corp)
Participation. If at In the event the Registrable Securities may not be disposed of without restriction pursuant to any time USWS section of Rule 144 (or any similar provision then in effect) under the Securities Act, if the Company proposes to file (i) at a time when USWS is not a WKSIprospectus supplement to an existing or future effective shelf registration statement, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf other than the Registration Statement contemplated by Section 2.1(a2.01(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf Registration Statement, 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 Class A Common Stock Shares in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely then as soon as practicable following the engagement of counsel by the Company to employee benefit plansprepare the documents to be used in connection with an Underwritten Offering, (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 USWS the Company shall give not less than three (3) Business Days advance notice (includingwhich may include, but not limited towithout limitation, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than holds in the aggregate at least $5.0 10.0 million of the then-outstanding Registrable Securities, Securities (based on the Common Share Price) and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (Ai) the Company shall not be required to include the Registrable Securities of the Holders in provide such Registration if the Holders do opportunity to any such Holder that does not offer a minimum of $5.0 10.0 million of Registrable SecuritiesSecurities (based on the Common Share Price), or (Bii) if USWS the Company 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 Shares in 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 Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(b). If USWS is not Any notice required to offer the opportunity for be provided in this Section 2.02(a) to Holders shall be provided on a Piggyback Registration in respect of a proposed Underwritten Offering as a result of the circumstance Business Day pursuant to Section 3.01 hereof. Each such Holder 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 then have the opportunity to include Registrable Securities two (2) Business Days (or one (1) Business Day 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 connection with any overnight or probability of success of the distribution of the Class A Common Stock in the bought 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 3.1 hereof and confirmation of receipt of such notice shall be requested in the notice. The Holder will have two Business Days after notice has been delivered to request in writing the inclusion of 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 Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Company shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Company may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Company of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Company requesting that such Holder not receive notice from USWS the Company of any proposed Underwritten Offering; 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), USWS the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Company pursuant to this Section 2.2(a2.02(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 Holdershall be deemed to have delivered an Opt-Out Notice as of the date hereof.
Appears in 1 contract
Participation. If at any time USWS So long as a Holder has Registrable Securities, if the Partnership proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in other than a Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective2.01(a), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under statement relating to the Securities Act)sale of equity securities of the Partnership, so long as USWS is other than a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 Class A Common Stock Units in an Underwritten Offering for its own account and/or or that 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 statement on any registration form which does not permit secondary salesboth, then USWS promptly following the selection of the Managing Underwriter for such Underwritten Offering, the Partnership shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than $5.0 million ) holding at least the Piggyback Threshold Amount of the then-outstanding Registrable Securities, Securities (calculated based on the Common Unit Price) and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) the Partnership shall not be required to include the Registrable Securities of the Holders in provide such Registration if the Holders do opportunity to any such Holder that does not offer a minimum of $5.0 million the Piggyback Threshold Amount of Registrable SecuritiesSecurities (based on the Common Unit Price), or and (B) if USWS the Partnership 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 Units in the Underwritten Offering, then (x) 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 (y) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 Any 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 provided in this Section 2.02(a) to 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 3.1 hereof and confirmation of receipt of such notice shall be requested in confirmed by the noticeHolder. The Each such Holder will shall then have two Business Days (or one Business Day in connection with any overnight or bought Underwritten Offering) after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x1) in the case of a 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 (y2) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Partnership pursuant to this Section 2.2(a2.02(a), unless such Piggyback . [The Holders indicated on Schedule A hereto as having opted out shall each be deemed to have delivered an Opt-Out Notice is revoked by such Holderas of the date hereof.]
Appears in 1 contract
Sources: Class a Convertible Preferred Unit and Warrant Purchase Agreement (NGL Energy Partners LP)
Participation. If at any time USWS the Partnership proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in a other than the Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective2.01, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 Class A Common Stock Units in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely then as soon as practicable following the engagement of counsel by the Partnership to employee benefit plansprepare the documents to be used in connection with an Underwritten Offering, (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 USWS the Partnership shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns Holders holding $30.0 million or more than $5.0 million of Registrable Securities, Purchased Units based on the purchase price per unit under the Purchase Agreement and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Partnership 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 Units in 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 Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(b). If USWS is ; and provided, further, that the Partnership shall not required be obligated to offer the opportunity for a Piggyback Registration include any Registrable Securities in respect of a proposed any Underwritten Offering as a result unless the Holders request inclusion of at least $5.0 million of Registrable Securities in the circumstance described aggregate 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 . Any 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 provided in this Section 2.02(a) to 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 3.1 3.01 hereof and confirmation of receipt of such notice shall be requested in confirmed by the noticeHolder. The Each such Holder will shall then have two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up to and including the time of pricing of such offeringUnderwritten 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 USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Partnership pursuant to this Section 2.2(a2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 1 contract
Sources: Registration Rights Agreement (Enterprise GP Holdings L.P.)
Participation. If at any time USWS (i) on or after January 1, 2023, and (ii) except in connection with the exercise of a demand registration pursuant to Section 2.03, prior to December 31, 2027, (x) the Partnership proposes to file (i) at a 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 2.1(a) of this Agreement that is currently effective, related to an Underwritten Offering or (iiy) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included 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 Class A Common Stock in an Underwritten 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 salesof the Partnership, including pursuant to Section 2.03, then USWS the Partnership shall give not less than three four (34) Business Days advance Days’ notice (including, but not limited to, including notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable SecuritiesInvestor, and such notice Piggyback Notice shall offer such Holder Investor (on behalf of and as representative of each Holder) the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such a number of 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 each 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 USWS (A) the Partnership shall not be required to include the Registrable Securities offer such opportunity (A) if Investor (on behalf of the Holders in such Registration if the Holders do all Holders) does not offer request registration of a minimum of $5.0 50 million of Registrable Securities, Securities in the aggregate (determined by multiplying the number of Included Registrable Securities owned by the Average VWAP for the ten (10) Trading Days preceding the date of such Piggyback Notice) or (B) if USWS the Partnership has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Class B Purchasers and the other Holders will have an a materially adverse effect on the offering price, timing timing, or probability of success of the distribution of the Class A Common Stock Units in the such Underwritten Offering, then in which case the amount of 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 2.2(b2.02(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 Investor on a Business Day pursuant to Section 3.1 hereof 3.01, and confirmation of receipt of such notice shall be requested in confirmed and kept confidential by Investor and the noticeother 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 Partnership or (y) Investor has received notice from the Partnership that such proposed Underwritten Offering has been abandoned, which the Partnership shall provide to Investor reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. The Holder Investor will have two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after notice such Piggyback Notice has been delivered to request in writing (on behalf of all Holders) that the inclusion Partnership include a number of Registrable Securities in the Underwritten OfferingOffering up to the Maximum Number. If no request for inclusion from a Holder Investor is received by the Partnership within the specified time, such neither Investor nor any Holder shall have no any further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its the Partnership’s intention to undertake an Underwritten Offering and prior to the closing pricing of such Underwritten Offering, USWS shall determine for any reason not to undertake or to delay such Underwritten OfferingOffering is terminated or delayed pursuant to the provisions of this Agreement, USWS may, at its election, the Partnership shall give written notice of such determination to the Selling Holders andInvestor (on behalf of all Holders), and (x1) in the case of a determination not to undertake 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 (y2) 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 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 USWS the Partnership of such withdrawal up at least two (2) Business Days prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder Investor may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder Investor (on behalf of all Holders) not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Investor or any Holder pursuant to this Section 2.2(a) 2.02(a), and such Holder the Holders shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a2.02(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 HolderUnderwritten 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 have the right to request under this Section 2.02(a).
Appears in 1 contract
Sources: Contribution Agreement (NextEra Energy Partners, LP)
Participation. If at any time USWS Crosstex proposes to file (i) at during the Effectiveness Period a time when USWS is not a WKSIprospectus supplement to an effective shelf registration statement, a registration statement and such Holder has not previously included its Registrable Securities in a other than the Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective2.1, 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 to an effective “automatic registration statement, other than a shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included 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 caseeither case (i) or (ii), for the sale of Class A Common Stock Units in an Underwritten Offering for its own account and/or the account of another Person, other than (a) a registration relating solely then, as soon as practicable following the engagement of counsel to employee benefit plansCrosstex to prepare the documents to be used in connection with an Underwritten Offering, (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 USWS Crosstex shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more the Holders as soon as practicable but not less than $5.0 million three Business Days following such engagement of Registrable Securitiescounsel by Crosstex, and such notice shall offer such Holder the Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) Crosstex shall not be required to include the Registrable Securities of the offer such opportunity to Holders in such Registration if the Holders do not offer a minimum of $5.0 million 5,000,000 of Registrable Securities and Other Registrable Securities, or in the aggregate, (B) if USWS has been advised determined by multiplying the Managing Underwriter that the inclusion number of Registrable Securities and Other Registrable Securities owned by the average of the closing price on NASDAQ for sale Common Units for the benefit ten (10) trading days preceding the date 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, then the amount of Registrable Securities such notice). The notice required to be offered for the accounts of provided in this Section 2.2(a) to Holders shall be determined based on the provisions of Section 2.2(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 3.1 hereof and confirmation of receipt of such notice shall be requested in the notice. The Holder will shall then have two (2) Business Days after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback Registration. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS Crosstex shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS Crosstex may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS Crosstex of such withdrawal up to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS requesting that such Holder not receive notice from USWS of any proposed Underwritten Offering; 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), USWS No Holders shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in any such Underwritten Offerings by USWS pursuant to Offering under this Section 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 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 of such Holdernotice).
Appears in 1 contract
Participation. If at any time USWS Contango proposes to file (i) at a time when USWS 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 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS Contango is a WKSI at such time or, whether or not USWS Contango is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included 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 Class A Common Stock in an Underwritten 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 USWS Contango shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 2.5 million of Registrable Securities, and such notice shall offer such Holder the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS Contango (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 2.5 million of Registrable Securities, or (B) if USWS Contango has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have an material and adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock in the Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b). If USWS 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 USWS Contango shall nevertheless be required to furnish to such Holders the Piggyback Notice in respect of such proposed Underwritten Offering, which notice shall describe USWSContango’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 USWSContango, shall include notification that the Holders do not have the opportunity to include Registrable Securities in such Underwritten Offering because USWS Contango has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have an a material and 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 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 3.1 hereof and confirmation of receipt of such notice shall be requested in the notice. The Holder will have two Business Days after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback Registration. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS Contango shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS Contango may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS Contango of such withdrawal up to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS Contango requesting that such Holder not receive notice from USWS Contango of any proposed Underwritten Offering; 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), USWS Contango shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS Contango pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 1 contract
Participation. If at any time USWS So long as a Holder has Registrable Securities, if the Partnership proposes to file file, whether for its own account or for the account of the Holders: (i1) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in a (other than the Shelf Registration Statement contemplated by Section 2.1(a2.01) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included 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 Class A Common Stock in an Underwritten 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 (c2) 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 form which does not permit secondary salesstatement for a Secondary Offering or a Primary Offering as contemplated by Section 2.02(a) or Section 2.02(b), respectively, (each of (1) and (2), a “Piggyback Registration”), then USWS the Partnership shall give not less than three (3) Business Days advance prompt written notice (including, but not limited to, notification by e-mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering (including notice by electronic mail) to each Holder that, together with its Affiliates, owns more than holding at least $5.0 million of the then-outstanding Registrable SecuritiesSecurities (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 notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering Piggyback Registration: (x) such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securitiesrequest, or (By) if USWS has been advised by the Managing Underwriter that the inclusion a number of Primary Units in order to effect a Redemption 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, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 offeringHolder may 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 3.1 hereof and confirmation registered, the proposed date of receipt filing of such notice Piggyback Registration with the Commission, the proposed means of distribution, the proposed Managing Underwriter or underwriters (if any and if known) and a good faith estimate by the Partnership of the proposed minimum offering price of such securities. Each such Holder shall be requested in the notice. The Holder will have two Business Days after notice has been delivered to make such request in writing to the inclusion Partnership (including by electronic mail) within five (5) business days (or one (1) business day in connection with any overnight or bought Underwritten Offering) after the receipt of any such Piggyback Notice, which request shall specify the number of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified time, intended to 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 terms and conditions of this Agreement, the Partnership shall have no further right use its reasonable best efforts to participate include in such Piggyback Registration. IfRegistration all Registrable Securities held by such Holders and/or a number Primary Units required to effect a Redemption of the Registrable Securities requested by such Holders; provided, that if, at any time after giving written notice of its intention to undertake an Underwritten Offering register equity securities and prior to the closing effective date of the registration statement filed in connection with such Underwritten Offeringregistration, USWS the Partnership shall determine for any reason not to undertake or to delay register such Underwritten Offeringequity securities, USWS 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, (x) in the case of a determination not to undertake 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS of such withdrawal up to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS requesting that such Holder not receive notice from USWS of any proposed Underwritten Offering; providedwithout prejudice, however, to the rights of the Holders of Registrable Securities 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), USWS shall not registration be required to deliver any notice to such Holder pursuant to this effected under Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this 2.01 or Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder2.02.
Appears in 1 contract
Sources: Registration Rights Agreement (Emerge Energy Services LP)
Participation. If at any time USWS So long as a Holder has Registrable Securities, if the Company proposes to file file
(i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in other than a Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective2.01(a), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under statement relating to the Securities Act)sale of equity securities of the Company for its own account or that of another Person, so long as USWS is or both, other than a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 Class A shares of Common Stock in an Underwritten Offering for its own account and/or or that 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 statement on any registration form which does not permit secondary salesboth, then USWS promptly following the selection of the Managing Underwriter for such Underwritten Offering, the Company shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than $5.0 million ) holding at least the Piggyback Threshold Amount of the then-outstanding Registrable Securities, Securities (calculated based on the Common Stock Price) and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) the Company shall not be required to include the Registrable Securities of the Holders in provide such Registration if the Holders do opportunity to any such Holder that does not offer a minimum of $5.0 million the Piggyback Threshold Amount of Registrable SecuritiesSecurities (based on the Common Stock Price), or such lesser amount if it constitutes the remaining holdings of such Holder, and (B) if USWS has been advised by the Managing Underwriter advises the Company that in its good faith opinion 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 shares of Common Stock in the Underwritten Offering, then (x) if no Registrable Securities can be included in the Underwritten Offering in the good faith opinion of the Managing Underwriter, the Company 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 Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 Any 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 provided in this Section 2.02(a) to 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 3.1 hereof and confirmation of receipt of such notice shall be requested in confirmed by the noticeHolder. The Each such Holder will shall then have two five Business Days (or three Business Days in connection with any overnight or bought Underwritten Offering) after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Company shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Company may, at its election, give written notice of such determination to the Selling Holders and, (x1) in the case of a 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 (y2) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Company of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Company requesting that such Holder not receive notice from USWS the Company of any proposed Underwritten Offering; 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), USWS the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Company pursuant to this Section 2.2(a2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 1 contract
Sources: Registration Rights Agreement (Ocwen Financial Corp)
Participation. If at any time USWS the Partnership proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in a Shelf other than the Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective2.01(a), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 Class A Common Stock Units in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely then as soon as practicable following the engagement of counsel by the Partnership to employee benefit plansprepare the documents to be used in connection with an Underwritten Offering, (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 USWS the Partnership shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than ) holding at least $5.0 25 million of the then-outstanding Registrable Securities, Securities (based on the Purchase Price per Common Unit under the Purchase Agreement) and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Partnership 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 Units in 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 Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 Any 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 provided in this Section 2.02(a) to 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 3.1 4.01 hereof and confirmation of receipt of such notice shall be requested in confirmed by the noticeHolder. The Each such Holder will shall then have two Business Days (or one Business Day in connection with any overnight or bought Underwritten Offering) after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Partnership pursuant to this Section 2.2(a2.02(a), unless such Piggyback . The Holders indicated on Schedule A hereto as having opted out shall each be deemed to have delivered an Opt-Out Notice is revoked by such Holderas of the date hereof.
Appears in 1 contract
Sources: Securities Agreement (American Midstream Partners, LP)
Participation. If at any time USWS during the Registration Period, Atlas proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in a Shelf other than the Registration Statement contemplated by Section 2.1(a) (in which event Atlas covenants and agrees to include thereon a description of this Agreement that is currently effectivethe transaction under which the Titan Unitholders acquired the Registrable Securities), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the 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 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 amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each either case, for the sale of Class A Atlas Common Stock Units in an Underwritten 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 USWS shall give as soon as practicable but not less than three (3) Business Days advance 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, as the case may be, then Atlas shall give notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each the Majority Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, and such notice shall offer such Holder the Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities Atlas Common Units (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Atlas has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have an a material adverse effect on the offering price, timing or probability of success of the distribution of the Class A Atlas Common Stock Units in the Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 (B2.02(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 this Agreement. The 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 provided in this Section 2.02(a) to the Holders do not have Majority Holder (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“Piggyback Notice”) 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 3.1 hereof and confirmation of 3.01 hereof. Promptly upon receipt of such notice the Piggyback Notice, the Majority Holder shall be requested notify the other Holders (if any) of the opportunity to include in the noticeUnderwritten Offering such number of Atlas Common Units as each such Holder may request in writing. The Each Holder will shall then have two three Business Days after notice has been delivered the date on which the Majority Holder received the Piggyback Notice to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS Atlas shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS Atlas may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering offering by giving written notice to USWS Atlas of such withdrawal up to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”Each Holder’s rights under this Section 2.02(a) to USWS requesting that shall terminate when such Holder not receive notice from USWS (together with any Affiliates of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder) holds, directly or indirectly, less than $15 million in the aggregate of Registrable Securities, based on the Common Unit Price.
Appears in 1 contract
Sources: Registration Rights Agreement (Atlas Resource Partners, L.P.)
Participation. If at any time USWS the Partnership proposes to file (i) at a 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 2.1(a(other than a shelf Registration Statement) relating to the sale of this Agreement that is currently effective, Common Units in an Underwritten Offering on its own behalf or on behalf of any other Persons who have or have been granted registration rights (“Other Holders”) or (iii) a prospectus supplement relating to the sale of Common Units in an Underwritten Offering by the Partnership or any Other Holder pursuant to an effective “automatic shelf automatic” registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS the Partnership is a WKSI at such time or, whether or not USWS the Partnership is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf shelf Registration Statement or are included in 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 then the sale of Class A Common Stock in an Underwritten 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 USWS Partnership shall give not less than three (3) five Business Days advance Days’ notice (including, but not limited to, including notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than $5.0 million of ) owning Registrable Securities, Securities and such notice Piggyback Notice shall offer such Holder the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Common Unit Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) the Partnership shall not be required to include the Registrable Securities of the offer such opportunity (A) to such Holders in such Registration if the Holders Holders, together with their Affiliates, do not offer a minimum of $5.0 10 million of Registrable Securities, in the aggregate (determined by multiplying the number of Registrable Securities owned by the Average VWAP for the 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 USWS the Partnership has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the such Holders will have an adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the such Underwritten Offering, then in which case, the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 ; provided further that the Piggyback Notice is required Partnership shall not permit any Other Holder to be given by USWS, shall include notification that participate in any public offering of Common Units unless the Holders do not have Partnership complies with the opportunity to include Registrable Securities in such Underwritten Offering because USWS has been advised by the Managing Underwriter that the inclusion terms 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 offeringthis Section 2.02. Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.1 hereof 3.01 and confirmation of receipt of such notice shall be requested in confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Partnership or (y) the Holders have received notice from the Partnership that such proposed Underwritten Offering has been abandoned, which the 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. The Each such Holder will have four Business Days (or two Business Days in connection with any overnight or bought Underwritten Offering) after notice a Piggyback Notice has been delivered to request in writing to the Partnership the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received by the Partnership within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its the Partnership’s intention to undertake an Underwritten Offering and prior to the closing pricing of such Underwritten Offering, USWS shall determine for any reason not to undertake or to delay such Underwritten OfferingOffering is terminated or delayed, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x1) in the case of a determination not to undertake 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 (y2) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at least one Business Day prior to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS requesting that such Holder not receive notice from USWS of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.such
Appears in 1 contract
Sources: Registration Rights Agreement (Natural Resource Partners Lp)
Participation. If at any time USWS Linn Energy proposes to file (i) at a 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 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf Registration Statementcontemplated by Section 2.01 of this Agreement and the registration statement covering the units held by the Class B Holders and the Class C Holders, or in any case in which Holders may participate in such offering without the filing of (ii) a post-effective amendmentregistration statement, other than a shelf registration statement, in each either case, for the sale of Class A Common Stock Units in an Underwritten 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 USWS shall give as soon as practicable but not less than three (3) Business Days advance 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 Linn Energy shall give notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, the Holders and such notice shall offer such Holder the Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Linn Energy has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have an a material adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 (B2.02(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 this Agreement. The 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 provided in this Section 2.02(a) to 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 3.1 3.01 hereof and confirmation of receipt of such notice shall be requested in the noticeconfirmed by such Holder. The Each such Holder will shall then have two three Business Days after receiving such notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering, except that such Holder shall have one Business Day after such Holder confirms receipt of the notice to request inclusion of Registrable Securities in the Underwritten Offering in 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 within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS Linn Energy shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS Linn Energy may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering offering by giving written notice to USWS Linn Energy of such withdrawal up to and including the time of pricing of such offering. 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 USWS Linn Energy requesting that such Holder not receive notice from USWS Linn Energy of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holdernotice.
Appears in 1 contract
Participation. If at In the event those Registrable Securities that are LP Units may not be disposed of without restriction pursuant to any time USWS section of Rule 144 (or any similar provision then in effect) under the Securities Act, if the Partnership proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in a Shelf other than the Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective2.01(a), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 Class A Common Stock LP Units in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely then as soon as practicable following the engagement of counsel by the Partnership to employee benefit plansprepare the documents to be used in connection with an Underwritten Offering, (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 USWS the Partnership shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than ) holding at least $5.0 10.0 million of the then-outstanding Registrable Securities, Securities that are LP Units (based on the LP Unit Price) and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of 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 USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Partnership has been advised by the Managing Underwriter that the inclusion of such 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 LP Units in 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 such Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 Any 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 provided in this Section 2.02(a) to 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 3.1 3.01 hereof and confirmation of receipt of such notice shall be requested in confirmed by the noticeHolder. The Each such Holder will shall then have two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after notice has been delivered to request in writing the inclusion of those Registrable Securities that are LP Units in the Underwritten Offering. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Partnership pursuant to this Section 2.2(a2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 1 contract
Sources: Registration Rights Agreement (Buckeye Partners, L.P.)
Participation. If at any time USWS So long as a Holder has Registrable Securities, if the Partnership proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in other than a Shelf Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective2.01(a), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under statement relating to the Securities Act)sale of equity securities of the Partnership, so long as USWS is other than a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 Class A Common Stock Units in an Underwritten Offering for its own account and/or or that 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 statement on any registration form which does not permit secondary salesboth, then USWS promptly following the selection of the Managing Underwriter for such Underwritten Offering, the Partnership shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than $5.0 million ) holding at least the Piggyback Threshold Amount of the then-outstanding Registrable Securities, Securities (calculated based on the Common Unit Price) and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) the Partnership shall not be required to include the Registrable Securities of the Holders in provide such Registration if the Holders do opportunity to any such Holder that does not offer a minimum of $5.0 million the Piggyback Threshold Amount of Registrable SecuritiesSecurities (based on the Common Unit Price), or and (B) if USWS the Partnership 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 Units in the Underwritten Offering, then (x) 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 (y) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 Any 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 provided in this Section 2.02(a) to 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 3.1 hereof and confirmation of receipt of such notice shall be requested in confirmed by the noticeHolder. The Each such Holder will shall then have two Business Days (or one Business Day in connection with any overnight or bought Underwritten Offering) after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x1) in the case of a 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 (y2) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Partnership pursuant to this Section 2.2(a2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 1 contract
Sources: Registration Rights Agreement (NGL Energy Partners LP)
Participation. If at any time USWS the Partnership proposes to file (i) at a time when USWS is not Registration Statement (other than a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a2.01(a)) on behalf of this Agreement that is currently effective, any other Persons who have or have been granted registration rights (the “Other Holders”) or (ii) following the Series A Conversion Date, a prospectus supplement relating to the sale of Common Units by any Other Holders to an effective “automatic shelf automatic” registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS the Partnership is a WKSI at such time or, whether or not USWS the Partnership is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf shelf Registration Statement or are included in 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 Class A Common Stock Units by Other Holders in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely including an Underwritten Offering undertaken pursuant 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 salesSection 2.03), then USWS the Partnership shall give not less than three (3) Business Days advance Days’ notice (including, but not limited to, notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) owning more than $5.0 100 million of Registrable SecuritiesCommon Units, calculated on the basis of the Purchased Unit Price, and such notice Piggyback 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 Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) the Partnership shall not be required to include the Registrable Securities of the offer such opportunity (A) to such Holders in such Registration if the Holders Holders, together with their Affiliates, do not offer a minimum of $5.0 50 million of Registrable Securities, in the aggregate (determined by multiplying the number of Registrable Securities owned by the average of the closing price on the NYSE for the Common Units for the ten trading days preceding the date of such notice), or (B) to such Holders if USWS and to the extent that the Partnership has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the such Holders will have an adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the such Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 3.1 hereof and confirmation of receipt of 3.01. Each such notice shall be requested in the notice. The Holder will have two Business Days (or one Business Day in connection with any overnight or bought Underwritten Offering) after notice such Piggyback Notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten OfferingOffering for Other Holders. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering for Other Holders and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x1) in the case of a 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 (y2) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at least one Business Day prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten OfferingOffering 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS for Other Holders pursuant to this Section 2.2(a2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 1 contract
Sources: Registration Rights Agreement (Plains All American Pipeline Lp)
Participation. If at any time USWS So long as a Holder has Registrable Securities, if the Partnership proposes to file file, whether for its own account or for the account of the Holders: (i1) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in a Shelf (other than the Registration Statement contemplated by Section 2.1(a2.01) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included 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 Class A Common Stock in an Underwritten 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 (c2) 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 form which does not permit secondary salesstatement for a Secondary Offering or a Primary Offering as contemplated by Section 2.02(a) or Section 2.02(b), respectively (each of (1) and (2), a “Piggyback Registration”), then USWS the Partnership shall give not less than three (3) Business Days advance prompt written notice (including, but not limited to, notification by e-mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering (including notice by electronic mail) to each Holder that, together with its Affiliates, owns more than $5.0 holding at least $ million of the then-outstanding Registrable SecuritiesSecurities (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 notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering Piggyback Registration: (x) such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securitiesrequest, or (By) if USWS has been advised by the Managing Underwriter that the inclusion a number of Primary Units in order to effect a Redemption 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, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 offeringHolder may 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 3.1 hereof and confirmation registered, the proposed date of receipt filing of such notice Piggyback Registration with the Commission, the proposed means of distribution, the proposed Managing Underwriter or underwriters (if any and if known) and a good faith estimate by the Partnership of the proposed minimum offering price of such securities. Each such Holder shall be requested in the notice. The Holder will have two Business Days after notice has been delivered to make such request in writing to the inclusion Partnership (including by electronic mail) within five (5) business days (or one (1) business day in connection with any overnight or bought Underwritten Offering) after the receipt of any such Piggyback Notice, which request shall specify the number of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified time, intended to 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 terms and conditions of this Agreement, the Partnership shall have no further right use its reasonable best efforts to participate include in such Piggyback Registration. IfRegistration all Registrable Securities held by such Holders and/or a number Primary Units required to effect a Redemption of the Registrable Securities requested by such Holders; provided, that if, at any time after giving written notice of its intention to undertake an Underwritten Offering register equity securities and prior to the closing effective date of the registration statement filed in connection with such Underwritten Offeringregistration, USWS the Partnership shall determine for any reason not to undertake or to delay register such Underwritten Offeringequity securities, USWS 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, (x) in the case of a determination not to undertake 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS of such withdrawal up to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS requesting that such Holder not receive notice from USWS of any proposed Underwritten Offering; providedwithout prejudice, however, to the rights of the Holders of Registrable Securities 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), USWS shall not registration be required to deliver any notice to such Holder pursuant to this effected under Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this 2.01 or Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder2.02.
Appears in 1 contract
Sources: Registration Rights Agreement (PennTex Midstream Partners, LP)
Participation. If at any time USWS TMC proposes to file (i) at a time when USWS 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 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS TMC is a WKSI at such time or, whether or not USWS TMC is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included 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 Class A Common Stock in an Underwritten 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 USWS TMC shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, and such notice shall offer such Holder the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS 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 Class A Common Stock in the Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b). If USWS 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 clause (B) of the proviso of the immediately preceding sentence, then USWS TMC shall nevertheless be required to furnish to such Holders the Piggyback Notice in respect of such proposed Underwritten Offering, which notice shall describe USWSTMC’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 USWSTMC, shall include notification that the Holders do not have the opportunity to include Registrable Securities in such Underwritten Offering because USWS 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 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 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 3.1 hereof and confirmation of receipt of such notice shall be requested in the notice. The Holder will have two Business Days after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback Registration. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS TMC shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS TMC may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS TMC of such withdrawal up to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS TMC requesting that such Holder not receive notice from USWS TMC of any proposed Underwritten Offering; 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), USWS TMC shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS TMC pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 1 contract
Participation. If at any time USWS the Company proposes to file (i) at a time when USWS is not Registration Statement (other than a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a2.01(a)) on behalf of this Agreement that is currently effective, any other Person who has registration rights related to an Underwritten Offering (the “Other Holder”) or (ii) a prospectus supplement relating to the sale of shares of Company Common Stock by any Other Holders pursuant to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS the Company is a WKSI at such time or, whether or not USWS the Company is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf shelf Registration Statement or are included in 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 Class A shares of Company Common Stock by the Company and/or Other Holders in an Underwritten 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 salesOffering, then USWS the Company shall give not less than three (3) four Business Days advance Days’ notice (including, but not limited to, notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than at least $5.0 15 million of Registrable Securities, Securities and such notice Piggyback 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 Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) the Company shall not be required to include the Registrable Securities of the offer such opportunity (A) to such Holders in such Registration if the Holders Holders, together with their Affiliates, do not offer a minimum of $5.0 15 million of Registrable Securities, in the aggregate (determined by multiplying the number of Registrable Securities owned by the average of the closing price on the National Securities Exchange for shares of Company Common Stock for the 10 trading days preceding the date of such Piggyback Notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if USWS and to the extent that the Company has been advised by the Managing Underwriter in writing that the inclusion of Registrable Securities for sale for the benefit of the such Holders will have an adverse effect on the offering price, timing or probability of success of the distribution of the Class A shares of Company Common Stock in the such Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 3.1 hereof 3.01 and confirmation of receipt of such notice Piggyback Notice shall be requested in confirmed and kept confidential by the noticeHolders 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 such proposed Underwritten Offering has been made. The Each such Holder will have four Business Days (or two Business Days in connection with any overnight or bought Underwritten Offering) after notice such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Registrable Securities in the Underwritten OfferingOffering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified timetime 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 Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its the Company’s intention to undertake an Underwritten Offering for Other Holders and prior to the closing pricing of such Underwritten Offering, USWS shall determine for any reason not to undertake or to delay such Underwritten OfferingOffering is terminated or delayed pursuant to the provisions of this Agreement, USWS the Company may, at its election, give written notice of such determination to the Selling Holders and, (x1) in the case of a determination not to undertake 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 (y2) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Company of such withdrawal up at least one Business Day prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS the Company requesting that such Holder not receive notice from USWS the Company of any proposed Underwritten OfferingOffering 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), USWS the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in any Underwritten Offerings by USWS Offering for Other Holders pursuant to this Section 2.2(a2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 1 contract
Participation. If at any time USWS Constellation Energy proposes to file (i) at a 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 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf Registration Statementcontemplated by Section 2.01 of this Agreement, or in any case in which Holders may participate in such offering without the filing of (ii) a post-effective amendmentregistration statement, other than a shelf registration statement, in each either case, for the sale of Class A Common Stock Units in an Underwritten 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 USWS shall give as soon as practicable but not less than three (3) Business Days advance 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 Constellation Energy shall give notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, the Holders and such notice shall offer such Holder the Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of 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 USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Constellation Energy has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have an a material adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 (B2.02(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 this Agreement. The 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 provided in this Section 2.02(a) to 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 3.1 3.01 hereof and confirmation of receipt of such notice shall be requested in the noticeconfirmed by such Holder. The Each such Holder will shall then have two three Business Days after receiving such notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering, except that such Holder shall have one Business Day after such Holder confirms receipt of the notice to request inclusion of Registrable Securities in the Underwritten Offering in 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 within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS Constellation Energy shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS Constellation Energy may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering offering by giving written notice to USWS Constellation Energy of such withdrawal up to and including the time of pricing of such offering. Any No Holder shall be entitled to participate in any such Underwritten Offering 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 Class E Units and Purchased Common Units as of the Closing Date. Notwithstanding the foregoing, any Holder may deliver written notice (a an “Piggyback Opt-Opt Out Notice”) to USWS Constellation Energy requesting that such Holder not receive notice from USWS Constellation Energy of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holdernotice.
Appears in 1 contract
Sources: Registration Rights Agreement (Constellation Energy Partners LLC)
Participation. If at any time USWS (i) on or after January 1, 2023, and (ii) except in connection with the exercise of a demand registration pursuant to Section 2.03, prior to December 31, 2027, (x) the Partnership proposes to file (i) at a 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 2.1(a) of this Agreement that is currently effective, related to an Underwritten Offering or (iiy) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included 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 Class A Common Stock in an Underwritten 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 salesof the Partnership, including pursuant to Section 2.03, then USWS the Partnership shall give not less than three four (34) Business Days advance Days’ notice (including, but not limited to, including notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable SecuritiesInvestor, and such notice Piggyback Notice shall offer such Holder Investor (on behalf of and as representative of each Holder) the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such a number of 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 (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 each 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 USWS (A) the Partnership shall not be required to include the Registrable Securities offer such opportunity (A) if Investor (on behalf of the Holders in such Registration if the Holders do all Holders) does not offer request registration of a minimum of $5.0 50 million of Registrable Securities, Securities in the aggregate (determined by multiplying the number of Included Registrable Securities owned by the Average VWAP for the ten (10) Trading Days preceding the date of such Piggyback Notice) or (B) if USWS the Partnership has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Class B Purchasers and the other Holders will have an a materially adverse effect on the offering price, timing timing, or probability of success of the distribution of the Class A Common Stock Units in the such Underwritten Offering, then in which case the amount of 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 2.2(b2.02(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 Investor on a Business Day pursuant to Section 3.1 hereof 3.01, and confirmation of receipt of such notice shall be requested in confirmed and kept confidential by the noticeClass 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 Partnership or (y) Investor has received notice from the Partnership that such proposed Underwritten Offering has been abandoned, which the Partnership shall provide to Investor reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. The Holder Investor will have two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after notice such Piggyback Notice has been delivered to request in writing (on behalf of all Holders) that the inclusion Partnership include a number of Registrable Securities in the Underwritten OfferingOffering up to the Maximum Number. If no request for inclusion from a Holder Investor is received by the Partnership within the specified time, such neither Investor nor any Holder shall have no any further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its the Partnership’s intention to undertake an Underwritten Offering and prior to the closing pricing of such Underwritten Offering, USWS shall determine for any reason not to undertake or to delay such Underwritten OfferingOffering is terminated or delayed pursuant to the provisions of this Agreement, USWS may, at its election, the Partnership shall give written notice of such determination to the Selling Holders andInvestor (on behalf of all Holders), and (x1) in the case of a determination not to undertake 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 (y2) 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 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 USWS the Partnership of such withdrawal up at least two (2) Business Days prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder Investor may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder Investor (on behalf of all Holders) not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Investor or any Holder pursuant to this Section 2.2(a) 2.02(a), and such Holder the Holders shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a2.02(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 HolderUnderwritten 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 have the right to request under this Section 2.02(a).
Appears in 1 contract
Sources: Membership Interest Purchase Agreement (NextEra Energy Partners, LP)
Participation. If on or at any time USWS after the date ninety (90) days after the Closing Date the Company proposes to file (i) at a time when USWS is not Registration Statement on a WKSI, a form which would permit the registration statement and such Holder has not previously included its of Registrable Securities in (other than a Shelf Registration Statement contemplated on Form S-4 or S-8) for purposes of registering the offer and sale of Common Units by Section 2.1(athe Company or on behalf of any other Persons who have or have been granted registration rights (“Other Holders”) of this Agreement that is currently effective, or (ii) a prospectus supplement relating to the sale of Common Units pursuant to an effective “automatic shelf automatic” registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS the Company is a WKSI at such time or, whether or not USWS the Company is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf shelf Registration Statement or are included in 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 Class A Common Stock Units in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely including an Underwritten Offering undertaken pursuant 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 salesSection 2.03), then USWS the Company shall give not less than three (3) Business Days advance Days’ notice (including, but not limited to, notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than $5.0 million of Registrable Securities, ) and such notice Piggyback Notice shall offer such Holder the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if 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, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 3.1 hereof and confirmation of receipt of such notice shall be requested in the notice. The Holder will have two Business Days after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback Registration. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS of such withdrawal up to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS requesting that such Holder not receive notice from USWS of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 1 contract
Sources: Registration Rights Agreement (Atlas Energy Group, LLC)
Participation. If at any time USWS Constellation Energy proposes to file (i) at a 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 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf Registration Statementcontemplated by Section 2.01 of this Agreement, or in any case in which Holders may participate in such offering without the filing of (ii) a post-effective amendmentregistration statement, other than a shelf registration statement, in each either case, for the sale of Class A Common Stock Units in an Underwritten 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 USWS shall give as soon as practicable but not less than three (3) Business Days advance 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 Constellation Energy shall give notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, the Holders and such notice shall offer such Holder the Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of 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 USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Constellation Energy has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have an a material adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 (B2.02(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 this Agreement. The 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 provided in this Section 2.02(a) to 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 3.1 3.01 hereof and confirmation of receipt of such notice shall be requested in the noticeconfirmed by such Holder. The Each such Holder will shall then have two three Business Days after receiving such notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering, except that such Holder shall have one Business Day after such Holder confirms receipt of the notice to request inclusion of Registrable Securities in the Underwritten Offering in 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 within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS Constellation Energy shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS Constellation Energy may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering offering by giving written notice to USWS Constellation Energy of such withdrawal up to and including the time of pricing of such offering. Any No Holder shall be entitled to participate in any such Underwritten Offering under this Section 2.02(a) unless such Holder (together with any Affiliate of such Holder) participating therein held at least $15,000,000 of Purchased Class F Units and Purchased Common Units as of the Closing Date. Notwithstanding the foregoing, any Holder may deliver written notice (a an “Piggyback Opt-Opt Out Notice”) to USWS Constellation Energy requesting that such Holder not receive notice from USWS Constellation Energy of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holdernotice.
Appears in 1 contract
Sources: Registration Rights Agreement (Constellation Energy Partners LLC)
Participation. If at any time USWS So long as a holder has Registrable Securities, if the Partnership proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in a Shelf other than the Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective2.01(a), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the 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 in an effective Shelf 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 Class A Common Stock Units in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely then as soon as practicable following the engagement of counsel by the Partnership to employee benefit plansprepare the documents to be used in connection with an Underwritten Offering, (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 USWS the Partnership shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than ) holding at least $5.0 10.0 million of the then-outstanding Registrable Securities, Securities (calculated based on the Common Unit Price) and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) the Partnership shall not be required to include the Registrable Securities of the Holders in provide such Registration if the Holders do opportunity to any such Holder that does not offer a minimum of $5.0 million of Registrable SecuritiesSecurities (based on the Common Unit Price), or and (B) if USWS the Partnership 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 Units in 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 Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 Any 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 provided in this Section 2.02(a) to 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 3.1 3.01 hereof and confirmation of receipt of such notice shall be requested in confirmed by the noticeHolder. The Each such Holder will shall then have two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Partnership pursuant to this Section 2.2(a2.02(a), unless such Piggyback . The Holders indicated on Schedule A hereto as having opted out shall each be deemed to have delivered an Opt-Out Notice is revoked by such Holderas of the date hereof.
Appears in 1 contract
Sources: Registration Rights Agreement (Inergy Midstream, L.P.)
Participation. If Except as provided in Section 2.02(b), if at any time USWS during the Effectiveness Period, Ring Energy proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in a other than the Shelf Registration Statement contemplated by Section 2.1(a) (in which event Ring Energy covenants and agrees to include thereon a description of this Agreement that is currently effectivethe transaction under which the Holders acquired the Registrable Securities), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 the case of each caseof clause (i), (ii) or (iii), for the sale of Class A Common Stock in an Underwritten Offering or Overnight Underwritten Offering 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 statement on any registration form which does not permit secondary sales, then USWS shall give as soon as practicable but not less than three (3) ten Business Days advance (or two Business Days 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”), Ring Energy shall give notice (including, but not limited to, notification by e-mail; such notice, a “Piggyback Notice”email) of such proposed Underwritten Offering (a “Piggyback Offering”) to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, the Holders and such notice shall offer such Holder the Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities shares of Common Stock (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Ring Energy has been advised by the Managing Underwriter Underwriter(s) in writing that the inclusion of Registrable Securities for sale for the benefit of the Selling Holders will have an a material adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock in the Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Selling Holders shall be determined based on the provisions of Section 2.2(b2.02(c). 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 The 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 provided in this Section 2.02(a) to each Holder (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“Piggyback Notice”) 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 3.1 hereof and confirmation of receipt of such notice 3.01. Each Holder shall be requested in the notice. The Holder will then have five Business Days (or two Business Days in the case of an Overnight Underwritten Offering) after notice has been delivered the date on which the Holders received the Piggyback Notice to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified timesuch period, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Board shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS Ring Energy may, at its election, give written notice of such determination to the Selling Holders and, and (x) in the case of a 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 (y) 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 Registrable Securities in such any Underwritten Offering, Overnight Underwritten Offering or Piggyback Offering by giving written notice to USWS Ring Energy of such withdrawal up to and including the time of pricing of such offering. Any Notwithstanding the foregoing, any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS Ring Energy requesting that such Holder not receive notice from USWS Ring Energy of any proposed Underwritten Offering; 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)Holder, USWS Ring Energy shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 1 contract
Participation. If the Company at any time USWS proposes to file (i) at a 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 2.1(a) with respect to any offering of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included 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 Class A Common Stock in an Underwritten Offering its equity securities for its own account and/or another Person, or for the account of any other Persons (a “Company Public Sale”) other than a Registration Statement (ai) on Form ▇-▇, ▇▇▇▇ ▇-▇ or any successor forms thereto, (ii) filed solely in connection with any employee benefit or dividend reinvestment plan, (iii) a registration relating solely to employee benefit plans, (b) a registration Registration Statement relating solely to a Rule 145 transactiontransaction under the Securities Act, or (civ) a registration statement on for any registration form which does not permit secondary salesat-the-market offerings, then USWS then, (A) as soon as practicable (but in no event less than 30 days prior to the proposed date of filing of such Registration Statement), the Company shall give not less than three (3) Business Days advance written notice (including, but not limited to, notification by e-mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering filing to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securitiesthe Cartesian Investors, and such notice shall offer each Cartesian Investor the opportunity to Register under such Registration Statement such number of Registrable Securities as such Cartesian Investor may request in writing delivered to the Company within ten (10) days of delivery of such written notice by the Company, and (B) subject to Section 2.01(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 Holders (other than the Cartesian Investors), and such notice shall offer each such Holder the opportunity to participate in any Underwritten Offering and to include in Register under such Underwritten Offering Registration Statement such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing within ten (10) days of delivery of such written notice by the Company. Subject to Sections 2.01(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 USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if 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, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 3.1 hereof and confirmation of receipt of such notice shall be requested in the notice. The Holder will have two Business Days after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback Registration. If, at any time after giving written notice of its intention to undertake an Underwritten Offering Register any equity securities and prior to the closing effective date of the Registration Statement filed in connection with such Underwritten OfferingPiggyback Registration, USWS the Company shall determine for any reason not to undertake Register or to delay Registration of the equity securities covered by such Underwritten OfferingPiggyback Registration, USWS may, 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, (x1) in the case of a determination not to undertake such Underwritten OfferingRegister, shall be relieved of its obligation to sell Register any Included Registrable Securities in connection with such terminated Underwritten OfferingRegistration (but not from its obligation to pay the Registration Expenses in connection therewith, to the extent payable), and (y2) in the case of a determination to delay such Underwritten OfferingRegistering, shall be permitted to delay offering Registering any Included Registrable Securities Securities, for the same period as the delay in Registering the Underwritten Offeringother equity securities covered by such Piggyback Registration. Any Selling If the offering pursuant to such Registration Statement is to be underwritten, the Company shall so advise the Holders as a part of the written notice given pursuant this Section 2.01(a), and each Holder shall have the right to withdraw such Selling Holder’s making a request for inclusion of such Selling Holder’s Registrable Securities in such Underwritten Offering by giving written notice to USWS of such withdrawal up to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS requesting that such Holder not receive notice from USWS of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder Registration pursuant to this Section 2.2(a2.01(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 Sections 2.01(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 by USWS so advise the Holders as part of the written notice given pursuant to this Section 2.2(a2.01(a), unless and each Holder making a request for a Piggyback Registration pursuant to this Section 2.01(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 2.01(b) and (c). Each Holder shall be permitted to withdraw all or part of its Registrable Securities from a Piggyback Opt-Out Notice is revoked by Registration at any time prior to the effectiveness of such HolderRegistration Statement.
Appears in 1 contract
Sources: Securities Purchase Agreement
Participation. If at any time USWS the Partnership proposes to file (i) at a time when USWS is not Registration Statement (other than a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a2.01(a)) on behalf of this Agreement that is currently effective, any other Persons who have or have been granted registration rights by the Partnership (the “Other Holders”) or (ii) a prospectus supplement relating to the sale of Common Units by any Other Holders to an effective “automatic shelf automatic” registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS the Partnership is a WKSI at such time or, whether or not USWS the Partnership is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf shelf Registration Statement or are included in on an effective Shelf 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 Class A Common Stock Units by Other Holders in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely including an Underwritten Offering undertaken pursuant 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 salesSection 2.03), then USWS the Partnership shall give not less than three (3) Business Days advance Days’ notice (including, but not limited to, notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) owning more than $5.0 100 million of Registrable Securities, calculated on the basis of the Average Common Unit Price as of the date of the Piggyback Notice, and such notice Piggyback 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 Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) the Partnership shall not be required to include the Registrable Securities of the offer such opportunity (A) to such Holders in such Registration if the Holders Holders, together with their Affiliates, do not offer a minimum of $5.0 50 million of Registrable Securities, in the aggregate (determined by multiplying the number of Registrable Securities offered by the Average Common Unit Price), or (B) to such Holders if USWS and to the extent that the Partnership has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the such Holders will have an adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the such Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 3.1 hereof and confirmation of receipt of 3.01. Each such notice shall be requested in the notice. The Holder will have two Business Days (or one Business Day in connection with any overnight or bought Underwritten Offering) after notice such Piggyback Notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten OfferingOffering for Other Holders. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering for Other Holders and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x1) in the case of a 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 (y2) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at least one Business Day prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten OfferingOffering 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS for Other Holders pursuant to this Section 2.2(a2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 1 contract
Sources: Simplification Agreement (Plains All American Pipeline Lp)
Participation. If at any time USWS (i) on or after [January 1, 2026], and (ii) except in connection with the exercise of a demand registration pursuant to Section 2.03, prior to [December 31, 2031], (x) the Partnership proposes to file (i) at a 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 2.1(a) of this Agreement that is currently effective, related to an Underwritten Offering or (iiy) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included 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 Class A Common Stock in an Underwritten 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 salesof the Partnership, including pursuant to Section 2.03, then USWS the Partnership shall give not less than three four (34) Business Days advance Days’ notice (including, but not limited to, including notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable SecuritiesInvestor, and such notice Piggyback Notice shall offer such Holder Investor (on behalf of and as representative of each Holder) the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such a number of 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 each 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 USWS (A) the Partnership shall not be required to include the Registrable Securities offer such opportunity (A) if Investor (on behalf of the Holders in such Registration if the Holders do all Holders) does not offer request registration of a minimum of $5.0 50 million of Registrable Securities, Securities in the aggregate (determined by multiplying the number of Included Registrable Securities owned by the Average VWAP for the ten (10) Trading Days preceding the date of such Piggyback Notice) or (B) if USWS the Partnership has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Class B Purchasers and the other Holders will have an a materially adverse effect on the offering price, timing timing, or probability of success of the distribution of the Class A Common Stock Units in the such Underwritten Offering, then in which case the amount of 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 2.2(b2.02(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 Investor on a Business Day pursuant to Section 3.1 hereof 3.01, and confirmation of receipt of such notice shall be requested in confirmed and kept confidential by the noticeClass 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 Partnership or (y) Investor has received notice from the Partnership that such proposed Underwritten Offering has been abandoned, which the Partnership shall provide to Investor reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. The Holder Investor will have two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after notice such Piggyback Notice has been delivered to request in writing (on behalf of all Holders) that the inclusion Partnership include a number of Registrable Securities in the Underwritten OfferingOffering up to the Maximum Number. If no request for inclusion from a Holder Investor is received by the Partnership within the specified time, such neither Investor nor any Holder shall have no any further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its the Partnership’s intention to undertake an Underwritten Offering and prior to the closing pricing of such Underwritten Offering, USWS shall determine for any reason not to undertake or to delay such Underwritten OfferingOffering is terminated or delayed pursuant to the provisions of this Agreement, USWS may, at its election, the Partnership shall give written notice of such determination to the Selling Holders andInvestor (on behalf of all Holders), and (x1) in the case of a determination not to undertake 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 (y2) 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 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 USWS the Partnership of such withdrawal up at least two (2) Business Days prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder Investor may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder Investor (on behalf of all Holders) not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Investor or any Holder pursuant to this Section 2.2(a) 2.02(a), and such Holder the Holders shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a2.02(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 HolderUnderwritten 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 have the right to request under this Section 2.02(a).
Appears in 1 contract
Sources: Membership Interest Purchase Agreement (NextEra Energy Partners, LP)
Participation. If at any time USWS the Partnership proposes to file (i) at a time when USWS is not Registration Statement (other than a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a2.01(a)) on behalf of this Agreement that is currently effective, any other Persons who have or have been granted registration rights (the “Other Holders”) or (ii) following the Series B Conversion Date, a prospectus supplement relating to the sale of Common Units by any Other Holders to an effective “automatic shelf automatic” registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS the Partnership is a WKSI at such time or, whether or not USWS the Partnership is a WKSI, so long as the Conversion Unit Registrable Securities were previously included in the underlying Shelf shelf Registration Statement or are included in 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 Class A Common Stock Units by Other Holders in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely including an Underwritten Offering undertaken pursuant 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 salesSection 2.03), then USWS the Partnership shall give not less than three (3) Business Days advance Days’ notice (including, but not limited to, notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) owning more than $5.0 25 million of Conversion Unit Registrable Securities, calculated on the basis of the Preferred Unit Price, and such notice Piggyback 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 Conversion Unit Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) the Partnership shall not be required to include the Registrable Securities of the offer such opportunity (A) to such Holders in such Registration if the Holders Holders, together with their Affiliates, do not offer a minimum of $5.0 25 million of Conversion Unit Registrable Securities, in the aggregate (determined by multiplying the number of Conversion Unit Registrable Securities owned by the average of the closing price on the National Securities Exchange for the Common Units for the ten trading days preceding the date of such notice), or (B) to such Holders if USWS and to the extent that the Partnership has been advised by the Managing Underwriter that the inclusion of Conversion Unit Registrable Securities for sale for the benefit of the such Holders will have an adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the such Underwritten Offering, then the amount of Conversion Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 3.1 hereof 3.01 and confirmation of receipt of such notice shall be requested in confirmed and kept confidential by the noticeHolders until (x) such proposed Underwritten Offering has been publicly announced by the Partnership or (y) the Holders have received notice from the Partnership that such proposed Underwritten Offering has been abandoned, which the Partnership shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. The Each such Holder will have two Business Days (or one Business Day in connection with any overnight or bought Underwritten Offering) after notice such Piggyback Notice has been delivered to request in writing the inclusion of Conversion Unit Registrable Securities in the Underwritten OfferingOffering for Other Holders. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering for Other Holders and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x1) in the case of a 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 (y2) 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 Conversion Unit Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at least one Business Day prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten OfferingOffering 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS for Other Holders pursuant to this Section 2.2(a2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 1 contract
Sources: Registration Rights Agreement (Black Stone Minerals, L.P.)
Participation. If at any time USWS Atlas Energy proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in a Shelf other than the Registration Statement contemplated by Section 2.1(a) (in which event Atlas Energy covenants and agrees to include thereon a description of this Agreement that is currently effectivethe transaction under which the Purchasers acquired the Registrable Securities), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under , other than the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 Class A Common Stock Units in an Underwritten 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 USWS shall give as soon as practicable but not less than three (3) Business Days advance 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 Atlas Energy shall give notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, the Holders and such notice shall offer such Holder the Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities Common Units (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Atlas Energy has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have an a material adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the Underwritten Offering, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 (B2.02(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 this Agreement. The 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 provided in this Section 2.02(a) to 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 3.1 3.01 hereof and confirmation of receipt of such notice shall be requested in the noticeconfirmed by such Holder. The Each such Holder will shall then have two three Business Days after receiving such notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS Atlas Energy shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS Atlas Energy may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering offering by giving written notice to USWS Atlas Energy of such withdrawal up to and including the time of pricing of such offering. 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 Average Purchase Price. Notwithstanding the foregoing, any Holder may deliver written notice (a an “Piggyback Opt-Opt Out Notice”) to USWS Atlas Energy requesting that such Holder not receive notice from USWS Atlas Energy of any proposed Underwritten Offering; 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), USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holdernotice.
Appears in 1 contract
Sources: Class D Unit and Common Unit Purchase Agreement (Atlas Energy Resources, LLC)
Participation. If at any time USWS the Partnership proposes to file (i) at a time when USWS is not Registration Statement (other than a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a2.01(a)) on behalf of this Agreement that is currently effectiveany other Holder who has registration rights related to an Underwritten Offering undertaken pursuant to Section 2.03 (“Other Holder”), or (ii) a prospectus supplement relating to the sale of Common Units by any Other Holders to an effective “automatic shelf automatic” registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS the Partnership is a WKSI at such time or, whether or not USWS the Partnership is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf shelf Registration Statement or are included in 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 Class A Common Stock Units by Other Holders in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely undertaken pursuant 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 salesSection 2.03, then USWS the Partnership shall give not less than three six (36) Business Days advance Days’ notice (including, but not limited to, including notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than $5.0 million of ) owning Registrable Securities, Securities and such notice Piggyback Notice shall offer such Holder the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) the Partnership shall not be required to include the Registrable Securities of the offer such opportunity (A) to such Holders in such Registration if the Holders Holders, together with their Affiliates, do not offer a minimum of $5.0 5 million of Registrable Securities, in the aggregate (determined by multiplying the number of Registrable Securities owned by the Average VWAP for the thirty (30) 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 USWS the Partnership has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the such Holders will have an adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the such Underwritten Offering, then in which case the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 in accordance with the notice provisions of Section 3.1 hereof 3.01 and confirmation of receipt of such notice shall be requested in confirmed and kept confidential by the noticeHolders until either (x) such proposed Underwritten Offering has been publicly announced by the Partnership or (y) the Holders have received notice from the Partnership that such proposed Underwritten Offering has been abandoned, which the Partnership shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. The Each such Holder will have two five (5) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after notice such Piggyback Notice has been delivered to request in writing to the Partnership the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received by the Partnership within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its the Partnership’s intention to undertake an Underwritten Offering and prior to the closing pricing of such Underwritten Offering, USWS shall determine for any reason not to undertake or to delay such Underwritten OfferingOffering is terminated or delayed pursuant to the provisions of this Agreement, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x1) in the case of a determination not to undertake 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 (y2) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at least one Business Day prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The 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
Sources: Registration Rights Agreement (Stonemor Partners Lp)
Participation. If at any time USWS the Partnership proposes to file (i) at a time when USWS is not a WKSI, a shelf registration statement and such Holder has not previously included its Registrable Securities in a Shelf other than the Registration Statement contemplated by Section 2.1(a) of this Agreement that is currently effective2.01(a), or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under statement relating to the Securities Act)sale of equity securities of the Partnership, so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as other than the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf 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 Class A Common Stock Units in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely then as soon as practicable following the engagement of counsel by the Partnership to employee benefit plansprepare the documents to be used in connection with an Underwritten Offering, (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 USWS the Partnership shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns more than ) holding at least $5.0 10.0 million of the then-outstanding Registrable Securities, Securities (based on the Aggregate Purchase Price) and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) shall not be required to include the Registrable Securities of the Holders in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securities, or (B) if USWS Partnership 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 Units in 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 Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 Any 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 provided in this Section 2.02(a) to 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 3.1 hereof and confirmation of receipt of 3.01 hereof. Each such notice Holder shall be requested in the notice. The Holder will then have two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no written request for inclusion from a Holder is received within the specified time, each such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its intention to undertake an Underwritten Offering and prior to the closing of such Underwritten Offering, USWS the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x) in the case of a 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 (y) 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 Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS the Partnership pursuant to this Section 2.2(a2.02(a), unless such Piggyback . The Holders indicated on Schedule A hereto as having opted out shall each be deemed to have delivered an Opt-Out Notice is revoked by such Holderas of the date hereof.
Appears in 1 contract
Sources: Registration Rights Agreement (NGL Energy Partners LP)
Participation. If at any time USWS the Partnership proposes to file (i) at a time when USWS is not Registration Statement (other than a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a2.01(a)) on behalf of this Agreement that is currently effectiveany other Holder, other than ▇▇▇▇▇▇▇▇ 66 or any of its Affiliates, who has registration rights related to an Underwritten Offering undertaken pursuant to Section 2.03 (“Other Holder”), or (ii) a prospectus supplement relating to the sale of Common Units by any Other Holders to an effective “automatic shelf automatic” registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS the Partnership is a WKSI at such time or, whether or not USWS the Partnership is a WKSI, so long as the Common Unit Registrable Securities were previously included in the underlying Shelf shelf Registration Statement or are included in 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 Class A Common Stock Units by Other Holders in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely undertaken pursuant 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 salesSection 2.03, then USWS the Partnership shall give not less than three (3) Business Days advance Days’ notice (including, but not limited to, or two Business Days’ notice in connection with any overnight or bought Underwritten Offering) (including notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than at least $5.0 20 million of Common Unit Registrable SecuritiesSecurities (based on the Common Unit Price), and such notice Piggyback Notice shall offer such Holder the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) the Partnership shall not be required to include the Registrable Securities of the offer such opportunity (A) to such Holders in such Registration if the Holders Holders, together with their Affiliates, do not offer a minimum of $5.0 25 million of Common Unit Registrable SecuritiesSecurities (based on the Common Unit Price), in the aggregate, or (B) to such Holders if USWS the Partnership has been advised by the Managing Underwriter that the inclusion of Common Unit Registrable Securities for sale for the benefit of the such Holders will have an adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the such Underwritten Offering, then in which case the amount of Common Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 3.1 hereof 3.01 and confirmation of receipt of such notice shall be requested in confirmed and kept confidential by the noticeHolders until either (x) such proposed Underwritten Offering has been publicly announced by the Partnership or (y) the Holders have received notice from the Partnership that such proposed Underwritten Offering has been abandoned, which the Partnership shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. The Each such Holder will have two three Business Days (or one Business Day in connection with any overnight or bought Underwritten Offering) after notice such Piggyback Notice has been delivered to request in writing to the Partnership the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received by the Partnership within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its the Partnership’s intention to undertake an Underwritten Offering and prior to the closing pricing of such Underwritten Offering, USWS shall determine for any reason not to undertake or to delay such Underwritten OfferingOffering is terminated or delayed pursuant to the provisions of this Agreement, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x1) in the case of a determination not to undertake 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 (y2) 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 Unit Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at least one Business Day prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a2.02(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
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 USWS proposes to file (i) at file a time when USWS is not Registration Statement (including a WKSI, 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 on Form S-4 or S-8 or any successor form to such forms, (B) a registration of securities solely relating to an offering and such Holder has not previously included its Registrable Securities in sale to employees, directors or consultants of Parent pursuant to any employee stock plan or other employee benefit plan arrangement, (C) a Shelf Registration Statement contemplated by Section 2.1(aregistration of debt securities, or (D) solely for security holders who have registration rights as of the date of this Agreement that is currently effective(and solely to the extent they have such rights); provided that, this exception shall not apply to an Underwritten Offering, or (ii) engage in or arrange a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included in an effective Shelf Registration Statement, or in any case in which Holders may participate in such private offering without the filing of a post-effective amendment, in each case, for the and sale of Class A its Common Stock in an Underwritten Offering Stock, for its own account and/or another Person, other than and for the account of any shareholder who holds its securities (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 USWS shall give not less than three (3) Business Days advance notice (including, but not limited to, notification by e-mail; such noticeeach, a “Piggyback Parent Sale”); then, as expeditiously as reasonably practicable (but in no event less than twenty (20) days prior to the proposed date of filing such Registration Statement or proposed closing of the private offering and sale (as applicable), Parent shall give written notice (the “Sale Rights Notice”) of such proposed Underwritten Offering filing or sale to each Holder that, together with its Affiliates, owns more than $5.0 million all Holders of Registrable Securities, and such notice shall offer the Holders of such Holder Registrable Securities the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering sale by selling such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback RegistrationSale Right”); provided, however, that USWS (A) shall not be required to include that, the Registrable Securities of the Holders included in such Registration if the Holders do not offer a minimum of $5.0 million of Registrable Securitieseach Parent Sale, or (B) if 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 Offeringaggregate, then shall not exceed thirty percent (30%) of all the amount of Registrable Securities securities proposed to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(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 sold 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 applicable Parent Sale and if Participating 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 3.1 hereof and confirmation of receipt of such notice shall be requested in the notice. The Holder will have two Business Days after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten OfferingParent Sale that would exceed such thirty percent (30%) limitation, then the number of Registrable Securities to be included in the Parent Sale shall be reduced, pro rata based on the number of securities requested to be included by each Participating Holder. If no request for inclusion from a Holder Subject to Section 2.1(d) below, Parent shall include in Parent Sale all such Registrable Securities which are properly requested to be included therein within fifteen (15) days after the Sale Rights Notice is received within the specified timegiven to such Holders. Solely with respect to this Article II, such Holder shall have no further right to participate in such Piggyback Registration. If, if at any time after giving written notice of its intention to undertake an Underwritten Offering a Sale Rights Notice and prior to (i) the effective date of the Registration Statement filed in connection with such Parent Sale or (ii) the closing of such Underwritten Offeringa private Parent Sale, USWS Parent shall determine for any reason not to undertake complete or to delay such Underwritten Offeringthe Parent Sale, USWS Parent may, at its election, give written notice of such determination to the Selling Holders each Holder of Registrable Securities and, ,
(xi) in the case of a determination not to undertake such Underwritten Offeringconduct a Parent Sale, shall be relieved of its obligation to sell include any Included Registrable Securities in connection with such terminated Underwritten OfferingParent Sale, and and
(yii) in the case of a determination to delay such Underwritten Offeringa Parent Sale, shall be permitted to delay offering including any Included Registrable Securities in connection with such Parent Sale for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw selling such Selling Holder’s request for inclusion of such Selling Holder’s Registrable Securities in such Underwritten Offering by giving written notice to USWS of such withdrawal up to and including the time of pricing of such offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS requesting that such Holder not receive notice from USWS of any proposed Underwritten Offeringother securities; 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), USWS delay shall not be required to deliver alter, modify or amend any notice to such Holder pursuant to of the terms, conditions, restrictions and limitations set forth in this Section 2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a), unless such Piggyback Opt-Out Notice is revoked by such HolderArticle II.
Appears in 1 contract
Sources: Sale Rights Agreement (Quepasa Corp)
Participation. If at any time USWS So long as a Holder has Registrable Securities, if, (i) prior to the expiration of the Lock-Up Period, the Partnership proposes to file (i) at a 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 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included 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 Class A Common Stock Units in an Underwritten 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 (cii) at any time, the Partnership proposes to file a registration statement on any registration form which does not permit secondary salesfor the sale of Common Units held by a Person other than the Partnership, then USWS as soon as practicable following the selection of the Managing Underwriter for such Underwritten Offering or the receipt of notice of such resale registration statement, as applicable, the Partnership shall give not less than three (3) Business Days advance notice (for the avoidance of doubt, including, but not limited to, notification by e-electronic mail; such notice, a “Piggyback Notice”) of the filing of such proposed Underwritten Offering registration statement to each Holder that, that (together with its Affiliates, owns more than $5.0 million of Registrable Securities) holds at least the Piggyback Threshold Amount, and such notice shall offer such Holder Holders the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering or resale registration statement, as applicable, such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that USWS (A) the Partnership shall not be required to include the Registrable Securities of the Holders in provide such Registration if the Holders do opportunity to any such Holder that (together with its Affiliates) does not offer a minimum of $5.0 million of Registrable Securitiesthe Piggyback Threshold Amount, or and (B) in the case of an Underwritten Offering on behalf of the Partnership, if USWS the Partnership 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 Units in the Underwritten Offering, then (x) 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 (y) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.04(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 Any 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 provided in this Section 2.04(a) to 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 3.1 hereof and confirmation of receipt of such notice shall be requested in confirmed by the noticeHolder. The Each such Holder will shall then have two Business Days (or one Business Day in connection with any overnight or bought Underwritten Offering) after notice has been delivered to request in writing the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received within the specified timeOffering or on such resale registration statement, such Holder shall have no further right to participate in such Piggyback Registrationas applicable. If, at any time after giving written notice of its intention to undertake an Underwritten Offering or file a resale registration statement and prior to the closing of such Underwritten OfferingOffering or effectiveness of such resale registration statement, USWS respectively, the Partnership shall determine for any reason not to undertake or to delay such Underwritten OfferingOffering or resale registration statement, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x1) in the case of a determination not to undertake such Underwritten OfferingOffering or resale registration statement, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten OfferingOffering or register the resale of any such Included Registrable Securities on such resale registration statement, respectively, and (y2) in the case of a determination to delay such Underwritten OfferingOffering or resale registration statement, shall be permitted to delay offering any Included Registrable Securities as part of such Underwritten Offering or registering any Included Registrable Securities on such resale registration statement, respectively, for the same period as the delay in the Underwritten OfferingOffering or the resale registration statement, respectively. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Registrable Securities in such Underwritten Offering or resale registration statement by giving written notice to USWS the Partnership of such withdrawal up at or prior to and including the time of pricing of such offeringUnderwritten Offering or effectiveness of such resale registration statement, respectively. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten OfferingOffering or resale registration statement under this Section 2.04(a); 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a) 2.04(a), and such Holder shall no longer be entitled to participate in Underwritten Offerings or resale registration statements by USWS the Partnership pursuant to this Section 2.2(a2.04(a), unless such Piggyback Opt-Out Notice is revoked by such Holder.
Appears in 1 contract
Participation. If at any time USWS the Partnership proposes to file (i) at a time when USWS is not Registration Statement (other than a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.1(a2.01(a)) on behalf of this Agreement that is currently effectiveany other Holder, other than ▇▇▇▇▇▇▇▇ 66 or any of its Affiliates, who has registration rights related to an Underwritten Offering undertaken pursuant to Section 2.03 (“Other Holder”), or (ii) a prospectus supplement relating to the sale of Common Units by any Other Holders to an effective “automatic shelf automatic” registration statement” (as defined in Rule 405 under the Securities Act), so long as USWS the Partnership is a WKSI at such time or, whether or not USWS the Partnership is a WKSI, so long as the Common Unit Registrable Securities were previously included in the underlying Shelf shelf Registration Statement or are included in 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 Class A Common Stock Units by Other Holders in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely undertaken pursuant 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 salesSection 2.03, then USWS the Partnership shall give not less than three (3) Business Days advance Days’ notice (including, but not limited to, or two Business Days’ notice in connection with any overnight or bought Underwritten Offering) (including notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than at least $5.0 20 million of Common Unit Registrable SecuritiesSecurities (based on the Common Unit Price), and such notice Piggyback Notice shall offer such Holder the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such number of Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) the Partnership shall not be required to include the Registrable Securities of the offer such opportunity (A) to such Holders in such Registration if the Holders Holders, together with their Affiliates, do not offer a minimum of $5.0 20 million of Common Unit Registrable SecuritiesSecurities (based on the Common Unit Price), in the aggregate, or (B) to such Holders if USWS the Partnership has been advised by the Managing Underwriter that the inclusion of Common Unit Registrable Securities for sale for the benefit of the such Holders will have an adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the such Underwritten Offering, then in which case the amount of Common Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.2(b2.02(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 3.1 hereof 3.01 and confirmation of receipt of such notice shall be requested in confirmed and kept confidential by the noticeHolders until either (x) such proposed Underwritten Offering has been publicly announced by the Partnership or (y) the Holders have received notice from the Partnership that such proposed Underwritten Offering has been abandoned, which the Partnership shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. The Each such Holder will have two three Business Days (or one Business Day in connection with any overnight or bought Underwritten Offering) after notice such Piggyback Notice has been delivered to request in writing to the Partnership the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder is received by the Partnership within the specified time, such Holder shall have no further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its the Partnership’s intention to undertake an Underwritten Offering and prior to the closing pricing of such Underwritten Offering, USWS shall determine for any reason not to undertake or to delay such Underwritten OfferingOffering is terminated or delayed pursuant to the provisions of this Agreement, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders and, (x1) in the case of a determination not to undertake 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 (y2) 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 Unit Registrable Securities in such Underwritten Offering by giving written notice to USWS the Partnership of such withdrawal up at least one Business Day prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder not receive notice from USWS the Partnership of any proposed Underwritten Offering; 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), USWS the Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.2(a2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a2.02(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
Sources: Registration Rights Agreement (Phillips 66 Partners Lp)
Participation. If at any time USWS on or after January 1, 2019 and except in connection with the exercise of a demand registration pursuant to Section 2.03 prior to December 31, 2023, the Partnership proposes to file (i) at a 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 2.1(a) of this Agreement that is currently effective, or (ii) a prospectus supplement related to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act)Underwritten Offering, so long as USWS is a WKSI at such time or, whether or not USWS is a WKSI, so long as the Registrable Securities were previously included in the underlying Shelf Registration Statement or are included 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 Class A Common Stock in an Underwritten Offering for its own account and/or another Person, other than (a) a registration relating solely including pursuant 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 salesSection 2.03, then USWS the Partnership shall give not less than three (3) four Business Days advance Days’ notice (including, but not limited to, including notification by e-electronic mail; such notice, a ) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns more than $5.0 million of Registrable Securities, the BlackRock Purchaser and such notice Piggyback Notice shall offer such Holder the BlackRock Purchaser (on behalf of itself and as representative of the other Holders ) the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering such up to one-third (including the securities being registered pursuant to Section 2.03) of aggregate number of Registrable Securities outstanding as of the latest Closing Date (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 each such Holder the BlackRock Purchaser may request in writing (a “Piggyback Registration”); provided, however, that USWS (A) the Partnership shall not be required to include the Registrable Securities of the Holders in offer such Registration opportunity (A) if the Holders BlackRock Purchaser, together with the other Holders, do not offer a minimum of $5.0 50 million of Registrable Securities, in the aggregate (determined by multiplying the number of Common Unit Registrable Securities owned by the Average VWAP for the 10 Trading Days preceding the date of such notice) or (B) if USWS the Partnership has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the BlackRock Purchaser and such Holders will have an adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock Units in the such Underwritten Offering, then in which case the amount of Registrable Securities to be offered for the accounts of the BlackRock Purchaser and all other Holders shall be determined based on the provisions of Section 2.2(b2.02(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 the BlackRock Purchaser on a Business Day pursuant to Section 3.1 hereof 3.01 and confirmation of receipt of such notice shall be requested in confirmed and kept confidential by the noticeBlackRock Purchaser and the Holders (and neither the BlackRock Purchaser 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 011958-1172-15614-Active.21674870.15 Underwritten Offering has been publicly announced by the Partnership or (y) the BlackRock Purchaser has received notice from the Partnership that such proposed Underwritten Offering has been abandoned, which the Partnership shall provide to the BlackRock Purchaser reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. The Holder BlackRock Purchaser will have two Business Days (or one Business Days in connection with any overnight or bought Underwritten Offering) after notice such Piggyback Notice has been delivered to request in writing (on behalf of itself and/or the Holders) to the Partnership for the inclusion of Registrable Securities in the Underwritten Offering. If no request for inclusion from a Holder the BlackRock Purchaser is received by the Partnership within the specified time, such neither the BlackRock Purchaser nor any Holder shall have no any further right to participate in such Piggyback RegistrationUnderwritten Offering. If, at any time after giving written notice of its the Partnership’s intention to undertake an Underwritten Offering and prior to the closing pricing of such Underwritten Offering, USWS shall determine for any reason not to undertake or to delay such Underwritten OfferingOffering is terminated or delayed pursuant to the provisions of this Agreement, USWS the Partnership may, at its election, give written notice of such determination to the Selling Holders BlackRock Purchaser (on behalf of itself and/or the Holders) and, (x1) in the case of a determination not to undertake 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 (y2) 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 The BlackRock Purchaser (on behalf of itself or any Selling Holder Holder) shall have the right to withdraw such Selling Holder’s the request for inclusion of such Selling Holder’s 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 USWS the Partnership of such withdrawal up at least two Business Days prior to and including the time of pricing of such offeringUnderwritten Offering. Any Holder The BlackRock Purchaser may deliver written notice (a “Piggyback Opt-Out Notice”) to USWS the Partnership requesting that such Holder the BlackRock Purchaser not receive notice from USWS the Partnership of any proposed Underwritten Offering; provided, however, that such Holder the BlackRock Purchaser 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), USWS the Partnership shall not be required to deliver any notice to such Holder the BlackRock Purchaser pursuant to this Section 2.2(a2.02(a) and such Holder the BlackRock Purchaser and the Holders shall no longer be entitled to participate in Underwritten Offerings by USWS pursuant to this Section 2.2(a2.02(a), unless such Piggyback Opt-Out Notice is subsequently revoked by the BlackRock Purchaser. The BlackRock Purchaser shall have the right (on behalf of itself and the other Holders) to exercise the piggyback registration rights set forth in this Section 2.02 up to three times, but not more frequently than once in any twelve-month period; provided, however, if the number of Included Registrable Securities included in the Underwritten Offering is reduced by 50% or more, the BlackRock Purchaser (on behalf of itself and the other Holders ) will have the right to withdraw from such HolderUnderwritten Offering by delivering written notice to the Partnership at least two 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 registrations that the BlackRock Purchaser shall have the right to request under this Section 2.02(a).
Appears in 1 contract
Sources: Series a Preferred Unit Purchase Agreement (NextEra Energy Partners, LP)