Participation. If at any time the Company proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offering, then the Company shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 7 contracts
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 the Company USWS proposes to file (i) at a Registration Statement (other than time when USWS is not a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.01(a)2.1(a) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)this Agreement that is currently effective, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as the Company USWS is a WKSI at such time or, whether or not the Company USWS is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Shelf Registration Statement or are included on in an effective Shelf Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Class A Common Stock by Other Holders in an Underwritten OfferingOffering for its own account and/or another Person, other than (a) a registration relating solely to employee benefit plans, (b) a registration relating solely to a Rule 145 transaction, or (c) a registration statement on any registration form which does not permit secondary sales, then the Company USWS shall give not less than four three (43) Business Days’ Days advance notice (including, but not limited to, notification by electronic e-mail) (the ; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least more than $15 5.0 million of Common Share Registrable Securities Securities, and such Piggyback Notice notice shall offer such Holder the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company USWS (A) shall not be required to offer include the Registrable Securities of the Holders in such opportunity (A) to such Holders Registration if the Holders, together with their Affiliates, Holders do not offer a minimum of $15 5.0 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company USWS has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the offering price, timing or probability of success of the distribution of the shares of Class A Common Stock in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b2.2(b). If USWS is not required to offer the opportunity for a Piggyback Registration in respect of a proposed Underwritten Offering as a result of the circumstance described in clause (B) of the proviso of the immediately preceding sentence, then USWS shall nevertheless be required to furnish to such Holders the Piggyback Notice in respect of such proposed Underwritten Offering, which notice shall describe USWS’s intention to conduct an Underwritten Offering and, if the determination described in clause (B) of the proviso of the immediately preceding sentence has been made at the time that the Piggyback Notice is required to be given by USWS, shall include notification that the Holders do not have the opportunity to include Registrable Securities in such Underwritten Offering because USWS has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have an adverse effect on the offering price, timing or probability of success of the distribution of the Class A Common Stock in the Underwritten Offering. If the circumstance described in clause (B) of the proviso of the immediately preceding sentence is made after the Piggyback Notice has been given, then USWS shall notify the Holders who were provided such Piggyback Notice (or if the two Business Day period referred to in the next sentence has lapsed, the Holders who have timely elected to include Registrable Securities in such offering) in writing of such circumstance and the aggregate number of Registrable Securities, if any, that can be included in such offering. Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 3.1 hereof and confirmation of receipt of such notice shall be confirmed and kept confidential by requested in the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madenotice. Each such The Holder will have four (4) two Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten OfferingPiggyback Registration. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, USWS shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company USWS may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company USWS of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company USWS requesting that such Holder not receive notice from the Company USWS of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company USWS shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by USWS pursuant to this Section 2.02(a2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 7 contracts
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 the Company proposes to file (i) at a time when the Company is not a WKSI, a Registration Statement (other than and such Holder has not previously included its Registrable Securities in a Registration Statement contemplated by Section 2.01(a)2.1(a) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)this Agreement that is currently effective, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective “automatic” registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or the account of another Person, other than (a) a registration relating solely to employee benefit plans, (b) a registration relating solely to a Rule 145 transaction, or (c) a registration on any registration form which does not permit secondary sales, then the Company shall give not less than four (4) three Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least ) owning more than $15 32.5 million of Common Share Registrable Securities Units, calculated on the basis of the Purchased Unit Price, and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (Aaa) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 20 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange NYSE for the shares of Common Stock Units for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (Bbb) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b2.2(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made3.1. Each such Holder will have four (4) two Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to specifically request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten OfferingPiggyback Registration. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1AA) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2BB) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Company pursuant to this Section 2.02(a2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 4 contracts
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 So long as a Holder has Common Unit Registrable Securities, if the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement to an effective shelf registration statement relating to the sale of shares equity securities of Common Stock by any Other Holders to an effective registration statementthe Partnership for its own account or that of another Person, so long as the Company is or both, other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01(a) and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten Offering for its own account or that of another Person, or both, then promptly following the selection of the Managing Underwriter for such Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 million the Piggyback Threshold Amount of the then-outstanding Common Share Unit Registrable Securities (calculated based on the Common Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Unit Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (A) the Company Partnership shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 million the Piggyback Threshold Amount of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Unit Registrable Securities owned by the average of the closing price (based on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticeUnit Price), or such lesser amount if it constitutes the remaining holdings of the Holder such Holder, and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Unit Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (x) if no Common Unit Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (y) if any Common Unit Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) five Business Days (or two (2) three Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Unit Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities as part of such Underwritten Offering for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Unit Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 4 contracts
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 the Company Eagle Rock proposes to file (i) a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf 2.01 of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)this Agreement, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentregistration statement, in each either case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, then the Company shall give as soon as practicable but not less than four three Business Days prior to the filing of (4x) Business Days’ any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (y) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (z) such registration statement, as the case may be, then Eagle Rock shall give notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Eagle Rock has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b)) of this Agreement. Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four three (43) Business Days after receiving such notice to request inclusion of Registrable Securities in the Underwritten Offering, except that such Holder shall have one (or two (21) Business Days in connection with any overnight or bought Underwritten Offering) Day after such Piggyback Notice has been delivered Holder confirms receipt of the notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersin the case of a “bought deal” or “overnight transaction” where no preliminary prospectus is used. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Eagle Rock shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Eagle Rock may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company Eagle Rock of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such offering. No Holder shall be entitled to participate in any such Underwritten OfferingOffering under this Section 2.02(a) unless such Holder (together with any Affiliate of such Holder) participating therein held at least $10,000,000 of Purchased Common Units as of the Closing Date. Any Notwithstanding the foregoing, any Holder may deliver written notice (a an “Piggyback Opt-Opt Out Notice”) to the Company Eagle Rock requesting that such Holder not receive notice from the Company Eagle Rock of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofnotice.
Appears in 4 contracts
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 at any time the Company proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on its own behalf relating to the sale of Common Stock or on behalf of any other Person Persons who has have or has have been granted registration rights related to an Underwritten Offering (the “Other HolderHolders”), ) or (ii) a prospectus supplement relating to the sale of shares of Common Stock by the Company or any Other Holders to an effective “automatic” registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by the Company or Other Holders in an Underwritten OfferingOffering (including an Underwritten Offering undertaken pursuant to Section 2.03), then the Company shall give not less than four (4) Business Days’ notice (or two Business Days in connection with any overnight or bought Underwritten Offering) (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least ) owning more than $15 75 million of Common Share Stock (determined by multiplying the number of Registrable Securities owned by the Purchased Preferred Stock Price) or, in the case of any of Stonepeak and its Affiliates, owning any Registrable Securities, and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to any such Holders other than any of Stonepeak and its Affiliates if the Holders, together with their Affiliates, do not offer a minimum of $15 50 million of Common Share Registrable Securities, Securities in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Purchased Preferred Stock for the ten (10) trading days preceding the date of such noticePrice ), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter Underwriter, acting in good faith, that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt 3.01. If practical in the context of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandonedcontemplated offering, which the Company shall use reasonable efforts to increase the length of the Piggyback Notice to provide more time for the applicable Holders to the Holders reasonably promptly after the final make an election to participate; provided, however, that any decision to abandon a proposed Underwritten Offering has been madeincrease the length of the Piggyback Notice for longer than two Business Days shall be in the sole discretion of the Company. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) ), or such longer period as may be specified by the Company, in its sole discretion, in the Piggyback Notice, after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake such an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 3 contracts
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 the Company Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person Persons who has have or has have been granted registration rights related to an Underwritten Offering by the Partnership (the “Other HolderHolders”), ) or (ii) a prospectus supplement relating to the sale of shares of Common Stock Units by any Other Holders pursuant to an effective “automatic” registration statement, so long as the Company Partnership is a WKSI at such time or, whether or not the Company Partnership is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any other case in which Holders may participate in such offering without the filing of a post-effective amendmentamendment of a registration statement, in each case, for the sale of shares of Common Stock Units by Other Holders in an Underwritten OfferingOffering (including an Underwritten Offering undertaken pursuant to Section 2.03), then the Company Partnership shall give not less than four (4) three Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least ) owning more than $15 100 million of Registrable Securities, calculated on the basis of the Average Common Share Registrable Securities Unit Price as of the date of the Piggyback Notice, and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 50 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned offered by the average of the closing price on the National Securities Exchange for the shares of Average Common Stock for the ten (10) trading days preceding the date of such noticeUnit Price), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to the applicable Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made3.01. Each such Holder will have four (4) two Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten OfferingOffering for Other Holders, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten OfferingOffering for Other Holders. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 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 the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01(a) of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 10.0 million of Common Share the then-outstanding Registrable Securities (based on the Purchase Price per Common Unit under the Purchase Agreement) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madehereof. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed indicated on Schedule B A hereto as having opted out shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.
Appears in 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 So long as a Holder has Registrable Securities, if the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement, other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement to an effective shelf registration statement relating to the sale of shares equity securities of Common Stock by any Other Holders to an effective registration statementthe Partnership, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statementcontemplated by Section 2.01(a), or in any case in which and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten Offering for its own account or that of another Person, or both, then promptly following the selection of the Managing Underwriter for such Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 million the Piggyback Threshold Amount of Common Share the then-outstanding Registrable Securities (calculated based on the Unit Purchase Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (A) the Company Partnership shall not be required to offer provide such opportunity (A) to such if, in the aggregate, the Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million the Piggyback Threshold Amount of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price (based on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticeUnit Purchase Price), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares Common Units in the Underwritten Offering, then (x) if, in the opinion of Common Stock the Managing Underwriter, no Registrable Securities can be included in the Underwritten Offering, the Partnership shall not be required to offer such opportunity to the Holders or (y) if, in the opinion of the Managing Underwriter, any Registrable Securities can be included in the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) three Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering. If a Holder’s written request for inclusion is not received within the specified time, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason to delay or not to undertake such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities as part of such Underwritten Offering for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writingOffering. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked)Holder, the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 3 contracts
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 during the Shelf Period, the Company proposes to file (i) a shelf registration statement other than the Shelf Registration Statement (in which event the Company covenants and agrees to include thereon a description of the transaction under which Navy acquired the Registrable Securities), (ii) a Prospectus supplement to an effective shelf registration statement, other than a any Shelf Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)this Agreement, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other and Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously could be included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentamendment thereto (other than a post-effective amendment that is immediately effective), or (iii) a registration statement, other than a shelf registration statement, in the case of each caseof clause (i), (ii) or (iii), for the sale of shares of Common Stock by Other Holders Company Shares in an Underwritten OfferingOffering for its own account and/or another Person (a “Company Public Sale”), then then, as soon as practicable, but not less than five Business Days 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 not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) of such proposed Underwritten Offering to the Holders (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities Covered Company Shares (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average within three Business Days 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 issuance of the Holder and its Affiliates, or (B) to such Holders if and to the extent that 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 Common Share Registrable Securities for sale for the benefit of such the Holders will have an a significant adverse effect on the price, timing or distribution of the shares of Common Stock Company Shares in such the Underwritten OfferingOffering or the market for the Company Shares, then the amount of Common Share Registrable Securities to be offered for the accounts of the Holders shall be determined based on the provisions of Section 2.02(b)) of this Agreement. Each The Piggyback Notice required to be provided in this Section 2.02(a) to the Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders3.04 hereof. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten OfferingOffering without prejudice to the right of Navy to immediately request an Underwritten Offering pursuant to Section 2.01(c), and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share its Registrable Securities in such Underwritten Offering offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to Each Holder’s rights under this Section 2.02(a) and shall terminate when such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by (together with any Affiliates of such Holder. The Holders listed ) first holds, directly or indirectly, less than $25 million in the aggregate of Registrable Securities, based on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as the volume weighted average closing price of Company Shares for the ten trading days immediately preceding the date hereofon 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 the Company at any time the Company proposes to file a Registration Statement with respect to any offering of Company Shares for its own account or for the account of any other Persons (other than (i) a Registration Statement under Section 3.01 or Section 3.02, it being understood that this clause (other than a Registration Statement contemplated by i) does not limit the rights of Holders to make written requests pursuant to Section 2.01(a)) on behalf of any other Person who has 3.01 or has been granted registration rights related to an Underwritten Offering (Section 3.02 or otherwise limit the “Other Holder”)applicability thereof, or (ii) a prospectus supplement Registration Statement on Form S-4 or S-8 (or such other similar successor forms then in effect under the Securities Act), (iii) a registration of securities solely relating to an offering and sale to employees, directors or consultants of the sale of shares of Common Stock Company or its Subsidiaries pursuant to any employee stock plan or other employee benefit plan arrangement, (iv) a registration not otherwise covered by any Other Holders clause (iii) above pursuant to an effective registration statement, so long as which the Company is offering to exchange its own securities for other securities or (v) a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement relating solely to dividend reinvestment or are included on an effective similar plans) (a “Company Public Sale”), then, (A) as soon as practicable (but in no event less than 10 days prior to the proposed date of filing of such Registration Statement), or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offering, then the Company shall give not less than four (4) Business Days’ written notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering filing to each Holder that, together with its Affiliates, owns at least $15 million Investor Holdco and all Demand Parties and shall offer Investor Holdco and all Demand Parties the opportunity to Register under such Registration Statement such number of Common Share Registrable Securities as Investor Holdco and such Piggyback Notice Demand Parties may request in writing (provided that the number of Registrable Securities Registered by Investor Holdco pursuant to this Section 3.03(a) shall be pro rata among members of Investor Holdco based on the Registrable Securities beneficially owned by each such member of Investor Holdco, unless such member of Investor Holdco otherwise directs Investor Holdco to include less than its pro rata share of Registrable Securities in accordance with Section 2.02) delivered to the Company within ten (10) days of delivery of such written notice by the Company, and (B) subject to Section 3.03(c), as soon as practicable after the expiration of such 10-day period (but in no event less than fifteen (15) days prior to the proposed date of filing of such Registration Statement), the Company shall give written notice of such proposed filing to the remaining Holders, and such notice shall offer each such Holder the opportunity to include in Register under such Underwritten Offering for Other Holders Registration Statement such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing within ten (10) days of delivery of such written notice by the Company. Subject to Section 3.03(b) and (c), the Company shall include in such Registration Statement all such Registrable Securities that are requested by Holders to be included therein in compliance with the immediately foregoing sentence (a “Piggyback Registration”); provided, however, provided that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders Register any equity securities and prior to the pricing effective date of the Registration Statement filed in connection with such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementPiggyback Registration, the Company mayshall determine for any reason not to Register or to delay Registration of the equity securities covered by such Piggyback Registration, at its election, the Company shall give written notice of such determination to the Selling Holders each Holder that had requested to Register its, his or her Registrable Securities in such Registration Statement and, thereupon, (1) in the case of a termination of such Underwritten Offeringdetermination not to Register, shall be relieved of its obligation to sell Register any Included Registrable Securities in connection with such terminated Underwritten OfferingRegistration, without prejudice, however, to the rights of a Demand Party, to request that such Registration be effected as a Demand Registration under Section 3.01, and (2) in the case of a determination to delay Registering, in the absence of a request by a Demand Party, that such Underwritten OfferingRegistration be effected as a Demand Registration under Section 3.01, shall be permitted to delay offering Registering any Included Registrable Securities Securities, for the same period as the delay in Registering the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering other equity securities covered by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writingRegistration. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked)If the offering pursuant to such Registration Statement is to be underwritten, the Company shall not be required to deliver any so advise the Holders as a part of the written notice to such given pursuant this Section 3.03(a), and each Holder making a request for a Piggyback Registration pursuant to this Section 2.02(a3.03(a) must, and the Company shall make such arrangements with the managing underwriter or underwriters so that each such Holder may, participate in such Underwritten Offering, subject to the conditions of Section 3.03(b) and (c). If the offering pursuant to such Holder Registration Statement is to be on any other basis, the Company shall no longer be entitled to participate in Underwritten Offerings for Other so advise the Holders as part of the written notice given pursuant to this Section 2.02(a3.03(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall and each be deemed to have delivered Holder making a request for a Piggyback Opt-Out Notice as Registration pursuant to this Section 3.03(a) must, and the Company shall make such arrangements so that each such Holder may, participate in such offering on such basis, subject to the conditions of Section 3.03(b) and (c). Each Holder shall be permitted to withdraw all or part of its Registrable Securities from a Piggyback Registration at any time prior to the date hereofeffectiveness of such Registration Statement.
Appears in 3 contracts
Sources: Stockholders’ Agreement (Nextier Oilfield Solutions Inc.), Merger Agreement (C&J Energy Services, Inc.), Merger Agreement (Keane Group, Inc.)
Participation. If at any time the Company proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a2.1(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective “automatic” registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, other than (a) a registration relating solely to employee benefit plans, (b) a registration relating solely to a Rule 145 transaction, or (c) a registration on any registration form which does not permit secondary sales, then the Company shall give not less than four (4) three Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least ) owning more than $15 75 million of Common Share Registrable Securities Units, calculated on the basis of the Purchased Unit Price, and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (Aaa) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 37.5 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange NYSE for the shares of Common Stock Units for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (Bbb) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing timing, or distribution of the shares of Common Stock Units in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b2.2(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made3.1. Each such Holder will have four (4) two Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1AA) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2BB) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Company pursuant to this Section 2.02(a2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 3 contracts
Sources: Registration Rights Agreement (EnLink Midstream, LLC), Preferred Restructuring Agreement (EnLink Midstream, LLC), Preferred Restructuring Agreement (EnLink Midstream Partners, LP)
Participation. If If, at any time or from time to time after the date hereof, the Company proposes shall determine to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf register the sale of any other Person who has of its securities or has been granted registration rights related to conduct an offering of registered securities in connection with an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating of its securities to the sale general public for cash on a form which would permit the registration or offering of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in secondary sales (including, for the underlying shelf Registration Statement or are included on an effective avoidance of doubt, pursuant to a Shelf Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment), in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offeringits own account and/or another Person, then the Company shall give not less than four (4) three Business Days’ Days advance notice (including, but not limited to, notification by electronic e-mail) (the ; such notice, a “Piggyback Notice”) of such proposed registration or Underwritten Offering to each Holder thatHolder, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice notice shall offer such Holder the opportunity to include participate in any such registration or Underwritten Offering for Other Holders and to include therein such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an material and adverse effect on the offering price, timing or probability of success of the distribution of the shares of Common Stock in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b2.2(b). If the Company is not required to offer the opportunity for a Piggyback Registration in respect of a proposed Underwritten Offering as a result of the circumstance described in the immediately preceding sentence, then the Company shall nevertheless be required to furnish to such Holders the Piggyback Notice in respect of such proposed Underwritten Offering, which notice shall describe the Company’s intention to conduct an Underwritten Offering and, if the determination described in the immediately preceding sentence has been made at the time that the Piggyback Notice is required to be given by the Company, shall include notification that the Holders do not have the opportunity to include Registrable Securities in such Underwritten Offering because the Company has been advised by the Managing Underwriter in writing that the inclusion of Registrable Securities for sale for the benefit of the Holders will have a material and adverse effect on the offering price, timing or probability of success of the distribution of the Common Stock in the Underwritten Offering. If the Company is so advised by the Managing Underwriter after the Piggyback Notice has been given, then the Company shall notify the Holders who were provided such Piggyback Notice (or if the five Business Day period referred to in the next sentence has lapsed, the Holders who have timely elected to include Registrable Securities in such offering) in writing of such circumstance and the aggregate number of Registrable Securities, if any, that can be included in such offering. Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 3.1 hereof and confirmation of receipt of such notice shall be confirmed requested in the notice, and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such each Holder will have four (4) five Business Days (or, in the case of an “overnight” offering or two (2) a “bought deal,” one Business Days in connection with any overnight or bought Underwritten OfferingDay) after such a Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersPiggyback Registration referenced therein. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten OfferingPiggyback Registration. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked)Holder, the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Company pursuant to this Section 2.02(a2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 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 In the event the Registrable Securities may not be disposed of without restriction pursuant to any time section of Rule 144 (or any similar provision then in effect) under the Company Securities Act, if the Partnership proposes to file (i) a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (ii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (includingwhich may include, but not limited towithout limitation, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns holds in the aggregate at least $15 5.0 million of Common Share the then-outstanding Registrable Securities (based on the Common Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (i) the Company Partnership shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 5.0 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price (based on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticeUnit Price), or such lesser amount (ii) if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madehereof. Each such Holder will described in the proviso of the immediately preceding sentence shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering. If no written request for inclusion from such a Holder is received within the specified time, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell include any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback . Each of the Holders on Schedule A hereto who has indicated it is delivering an Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.
Appears in 3 contracts
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 at any time the Company Partnership proposes to file during the Effectiveness Period (i) a Registration Statement (shelf registration statement other than a Shelf Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously Shelf Registration Statement contemplated by Section 2.01(a) and Holders may be included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering Underwritten Offering without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten Offering for its own account or that of another Person, or both, then as soon as practicable following the selection of the Managing Underwriter for such Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 million the Threshold Amount of Common Share the then-outstanding Registrable Securities and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (A) the Company Partnership shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 million the Threshold Amount of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (i) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (ii) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided pursuant to this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities as part of such Underwritten Offering for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 3 contracts
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 the Company Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person Holder, other than DRI or any of its Affiliates, who has or has been granted registration rights related to an Underwritten Offering undertaken pursuant to Section 2.03 (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock Units by any Other Holders to an effective “automatic” registration statement, so long as the Company Partnership is a WKSI at such time or, whether or not the Company Partnership is a WKSI, so long as the Common Share Unit Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock Units by Other Holders in an Underwritten OfferingOffering undertaken pursuant to Section 2.03, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, including notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least $15 million of ) owning Common Share Unit Registrable Securities and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Unit Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 25 million of Common Share Unit Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Unit Registrable Securities owned by the average of the closing price on the National Securities Exchange Average VWAP for the shares of Common Stock for the ten (10) trading days 10 Trading Days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or or, (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Unit Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then in which case the amount of Common Share Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company Partnership or (y) the Holders have received notice from the Company Partnership that such proposed Underwritten Offering has been abandoned, which the Company Partnership shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company Partnership the inclusion of Common Share Unit Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company Partnership within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the CompanyPartnership’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Unit Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 3 contracts
Sources: Registration Rights Agreement, Registration Rights Agreement (Dominion Midstream Partners, LP), Purchase Agreement (Dominion Midstream Partners, LP)
Participation. If at any time (i) on or after the Company 1st of January following the Issuance Date and (ii) except in connection with the exercise of a demand registration pursuant to Section 2.03, prior to the 31st of December following the fourth (4th) anniversary of the Issuance Date, the Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)Offering, or (ii) a prospectus supplement relating including pursuant to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten OfferingSection 2.03, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, including notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder thatGEPIF, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice shall offer such Holder GEPIF (on behalf of itself and as representative of each other Holder) the opportunity to include in such Underwritten Offering for Other Holders such up to one-third (including the securities being registered pursuant to Section 2.03) of the aggregate number of Common Share Registrable Securities that would be outstanding as of the Issuance Date if all of the Non-Voting NEP Common Units issued on the Issuance Date were converted on such Issuance Date into Common Units (or such larger number of Registrable Securities to the extent consented to by the Partnership in its sole and absolute discretion) (the “Included Registrable Securities”) ), as such Holder GEPIF may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such if GEPIF and the other Holders if the Holders, together with their Affiliates, do not offer request registration of a minimum of $15 50 million of Common Share Registrable Securities, Securities in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange Average VWAP for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.ten
Appears in 2 contracts
Sources: Registration Rights Agreement (Nextera Energy Partners, Lp), Membership Interest Purchase Agreement (NextEra Energy Partners, LP)
Participation. If Except as provided in Section 2.2(b), if at any time after 180 days following the Company date of this Agreement, the Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted shelf registration rights related to an Underwritten Offering (the “Other Holder”)statement, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously and Holders could be included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering 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 shares of Common Stock by Other Holders 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, then the Company shall give as soon as reasonably practicable but not less than four five Business Days prior to the filing of (4A) Business Days’ any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (B) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (C) such registration statement, as the case may be (an “Underwritten Offering Filing”), the Partnership shall give notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering (a “Piggyback Offering”) to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share the Registrable Securities (the “Included Registrable Securities”) as such Holder the Holders may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter Underwriter, and the Partnership has advised the Selling Holders, that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Selling Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Selling Holders shall be determined based on the provisions of Section 2.02(b)2.2(c) of this Agreement. Each Piggyback Notice The notice required to be provided in this Section 2.2(a) to the Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice 3.1 hereof. The Holders shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders then have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) three Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the such Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder the Holders is received by within such period, the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder Holders and their Affiliates shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership 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 is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any A Selling Holder shall have the right to withdraw such Selling Holder’s its request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time filing of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice registration statement or prospectus supplement relating to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofoffering.
Appears in 2 contracts
Sources: Registration Rights and Lock Up Agreement (Mach Natural Resources Lp), Membership Interest Purchase Agreement (Mach Natural Resources Lp)
Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statementcontemplated by Section 2.01(a), or in any case in which and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 25.0 million of Common Share the then-outstanding Registrable Securities (calculated based on the Common Unit Price) (the “Threshold Amount”) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders Holder until either (x) such proposed Underwritten Offering has been is (i) publicly announced by the Company or (yii) the Holders have received such Holder receives notice from the Company that such proposed Underwritten Offering has been abandoned, which such notice shall be provided promptly by the Company shall provide Partnership to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeeach Holder. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought deal Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities as part of such Underwritten Offering for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed indicated on Schedule B A hereto as having opted out shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.
Appears in 2 contracts
Sources: Common Unit Purchase Agreement (Energy Transfer Equity, L.P.), Registration Rights Agreement (Energy Transfer Equity, L.P.)
Participation. If at any time So long as a Holder has Registrable Securities, if the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously Registration Statement contemplated by Section 2.01(a) of this Agreement and Holders may be included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering Underwritten Offering without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten Offering for its own account or that of another Person, or both, then as soon as practicable following the selection of the Managing Underwriter for such Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 million the Piggyback Threshold Amount of the then-outstanding Common Share Unit Registrable Securities (calculated based on the Common Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Unit Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (A) the Company Partnership shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 million the Piggyback Threshold Amount of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Unit Registrable Securities owned by the average of the closing price (based on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticeUnit Price), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Unit Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (i) if no Common Unit Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (ii) if any Common Unit Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Unit Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities as part of such Underwritten Offering for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Unit Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 2 contracts
Sources: Registration Rights Agreement (Crestwood Equity Partners LP), Registration Rights Agreement (Crestwood Midstream Partners LP)
Participation. If at any time the Company proposes Each Talaria Stockholder hereby represents and ------------- warrants to file and agrees with Esperion and Mergerco as follows:
(i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) Such Talaria Stockholder is the owner of outstanding shares of Talaria capital stock set forth on behalf Schedule 2 hereto opposite such Talaria ---------- Stockholder's name, free and clear of any other Person who has or has been granted registration rights related to an Underwritten Offering (all Liens, and collectively the “Other Holder”), or Talaria Stockholders are the holders of all of the outstanding capital stock of Talaria;
(ii) a prospectus supplement relating Such Talaria Stockholder has had an opportunity to review the Merger Agreement, including all exhibits thereto, in substantially the form agreed to by the parties;
(iii) Such Talaria Stockholder understands and agrees that all Esperion Common issuable pursuant to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offering, then the Company shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) Merger Agreement (the “Piggyback Notice”"Merger Shares") ------------- may not be sold in 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 such proposed Underwritten Offering to each Holder 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, together with its Affiliatesaccordingly, owns at least $15 million such shares are "restricted securities" within the meaning of Common Share Registrable Securities Rule 144 under the 1933 Act ("Rule 144"), and such Piggyback Notice shall offer such Holder therefore the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder Merger Shares may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if offered or sold by -------- the Holdersundersigned, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securitiesdirectly or indirectly, in the aggregate United States without registration under United States federal and state securities laws or an exemption therefrom;
(determined vi) Unless the Merger Shares are registered under the 1933 Act, such Talaria Stockholder has not acquired the 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 multiplying any general solicitation or general advertising;
(vii) Unless the number Merger Shares are registered under the 1933 Act, such Talaria Stockholder will not offer, sell, pledge or otherwise transfer any of Common Share Registrable Securities owned the Merger shares except (i) outside the United States in accordance with Rule 904 of Regulation S under the 1933 Act; (ii) 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 average 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 closing price on Merger Shares in the National Securities Exchange 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 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 in substitution of the Holder and its Affiliatesforegoing securities, or (Bwill bear the legends set forth in Section 2.3(f) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either Merger Agreement; and
(xix) such proposed Underwritten Offering Esperion has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities 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 the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting Esperion that it is reasonably satisfied that such Holder transfer is exempt from or not receive notice from subject to registration under the Company of 1933 Act and any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofapplicable 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 the Company proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on its own behalf relating to the sale of Common Stock or on behalf of any other Person Persons who has have or has have been granted registration rights related to an Underwritten Offering (the “Other HolderHolders”), ) or (ii) a prospectus supplement relating to the sale of shares of Common Stock by the Company or any Other Holders to an effective “automatic” registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in the case of each caseof clause (i) and (ii), for the sale of shares of Common Stock by the Company or Other Holders in an Underwritten OfferingOffering (including an Underwritten Offering undertaken pursuant to Section 2.03), then the Company shall give not less than four (4) Business Days’ notice (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to Stonepeak Purchasers and their respective Affiliates and to each other Holder that, (together with its Affiliates, owns at least ) owning more than $15 25 million of Common Share Stock (determined by multiplying the number of Registrable Securities owned by the Purchased Common Stock Price), and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to any such Holders (other than any Stonepeak Purchaser and any of such Stonepeak Purchaser’s respective Affiliates) if the such Holders, together with their Affiliates, do not offer a minimum of $15 10 million of Common Share Registrable Securities, Securities in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Purchased Common Stock for the ten (10) trading days preceding the date of such noticePrice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such any Holders if and to the extent that the Company has been advised by the Managing Underwriter Underwriter, acting in good faith, that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then in which case the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt 3.01. If practical in the context of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandonedcontemplated offering, which the Company shall use reasonable efforts to increase the length of the Piggyback Notice to provide more time for the applicable Holders to the Holders reasonably promptly after the final make an election to participate; provided, however, that any decision to abandon a proposed Underwritten Offering has been madeincrease the length of the Piggyback Notice for longer than two Business Days shall be in the sole discretion of the Company. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.or
Appears in 2 contracts
Sources: Registration Rights Agreement (Evolve Transition Infrastructure LP), Registration Rights Agreement (Evolve Transition Infrastructure LP)
Participation. If at any time the Company Partnership proposes to file during the Effectiveness Period (i) a Registration Statement (shelf registration statement other than a Shelf Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously Shelf Registration Statement contemplated by Section 2.01(a) and Holders may be included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering Underwritten Offering without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten Offering for its own account or that of another Person, or both, then as soon as practicable following the selection of the Managing Underwriter for such Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 million the Piggyback Threshold Amount of Common Share the then-outstanding Registrable Securities (calculated based on the Common Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (A) the Company Partnership shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 million the Piggyback Threshold Amount of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price (based on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticeUnit Price), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the amount, price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (i) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (ii) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided pursuant to this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities as part of such Underwritten Offering for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a). Notwithstanding anything in this Agreement to the contrary, unless such Piggyback Opt-Out Notice is revoked Holders under this Agreement shall not be entitled to participate in a demand registration or a “shelf takedown” with respect to the Existing Registration Rights Agreements in connection with registrations or offerings by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as “Holders” under either of the date hereofExisting Registration Rights Agreements or the registration statements, prospectuses and prospectus supplements filed in connection therewith.
Appears in 2 contracts
Sources: Registration Rights Agreement (Sanchez Production Partners LP), Registration Rights Agreement (Sanchez Production Partners LP)
Participation. If at In the event the Registrable Securities may not be disposed of without restriction pursuant to any time section of Rule 144 (or any similar provision then in effect) under the Company Securities Act, if the Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01(a) of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares LP Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 10.0 million of Common Share the then-outstanding Registrable Securities (based on the LP Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock LP Units in such the Underwritten Offering, then (A) the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed indicated on Schedule B A hereto shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.
Appears in 2 contracts
Sources: Registration Rights Agreement (Buckeye Partners, L.P.), Lp Unit Purchase Agreement (Buckeye Partners, L.P.)
Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01(a) of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 25 million of Common Share the then-outstanding Registrable Securities (based on the Purchase Price per Common Unit under the Purchase Agreement) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) two Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed indicated on Schedule B A hereto as having opted out shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.
Appears in 2 contracts
Sources: Registration Rights Agreement (American Midstream Partners, LP), Common Unit Purchase Agreement (American Midstream Partners, LP)
Participation. If at any time So long as a Holder has Common Stock Registrable Securities, if the Company proposes to file (i) a Registration Statement (shelf registration statement other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement to an effective shelf registration statement relating to the sale of shares equity securities of Common Stock by any Other Holders to an effective registration statement, so long as the Company is for its own account or that of another Person, or both, other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01(a) and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offering for its own account or that of another Person, or both, then promptly following the selection of the Managing Underwriter for such Underwritten Offering, then the Company shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 million the Piggyback Threshold Amount of the then-outstanding Common Share Stock Registrable Securities (calculated based on the Common Stock Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Stock Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (A) the Company shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares Piggyback Threshold Amount of Common Stock for Registrable Securities (based on the ten (10) trading days preceding the date of such noticeCommon Stock Price), or such lesser amount if it constitutes the remaining holdings of the Holder such Holder, and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Stock Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such the Underwritten Offering, then (x) if no Common Stock Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Company shall not be required to offer such opportunity to the Holders, or (y) if any Common Stock Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Stock Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) five Business Days (or two (2) three Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Stock Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities as part of such Underwritten Offering for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Stock Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Company pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 2 contracts
Sources: Registration Rights Agreement (Great Ajax Corp.), Registration Rights Agreement (Great Ajax Corp.)
Participation. If So long as a Unitholder has Registrable Securities, if at any time the Company Partnership proposes to file (i) a Registration Statement (other than registration statement and such Unitholder has not previously included its Registrable Securities in a Registration Statement contemplated by Section 2.01(a)2.1(a) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)this Agreement that is currently effective, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously are included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders Unitholders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten Offeringunderwritten offering for its own account and/or another Person, other than (a) a registration relating solely to employee benefit plans, (b) a registration relating solely to a Rule 145 transaction, or (c) a registration statement on any registration form which does not permit secondary sales, then as soon as reasonably practicable following the Company 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 four (4) Business Days’ notice (including, but not which may be limited to, to notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering underwritten offering to each Holder that, Unitholder (together with its Affiliates, owns ) holding at least $15 million of Common Share the then-outstanding Registrable Securities (calculated based on the volume-weighted average trading price of the Common Units for the 20 Business Days prior to the date of such notice) and such Piggyback Notice notice shall offer such Holder Unitholders the opportunity to include in such Underwritten Offering for Other Holders underwritten offering such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder Unitholder may request in writing (a “Piggyback Registration”)writing; provided, however, that (A) the Company Partnership shall not be required to offer provide such opportunity (A) unless the Unitholders propose to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securitiesoffer, in the aggregate (determined by multiplying the number aggregate, at least $50 million of Common Share Registrable Securities owned by (calculated based on the volume-weighted average trading price of the closing price on the National Securities Exchange Common Units for the shares of Common Stock for the ten (10) trading days preceding 20 Business Days prior to the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing managing Underwriter or Underwriters for such underwritten offering that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders the Unitholders will have an adverse effect on the price, timing or distribution of the shares Common Units in the underwritten offering, then (1) if no Registrable Securities can be included in the underwritten offering in the opinion of Common Stock the managing Underwriter or Underwriters, the Partnership shall not be required to offer such opportunity to the Unitholders or (2) if any Registrable Securities can be included in such Underwritten Offeringthe underwritten offering in the opinion of the managing Underwriter or Underwriters, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders Unitholders shall be determined based on in accordance with the provisions of Section 2.02(b2.1(d)(ii). Each Piggyback Notice Any notice required to be provided in this Section 2.2(a) to Unitholders shall be provided to Holders on a Business Day pursuant to Section 3.01 4.1 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeUnitholder. Each such Holder will Unitholder shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offeringunderwritten offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersunderwritten offering. If no written request for inclusion from a Holder Unitholder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder Unitholder shall have no further right to participate in such Underwritten Offeringunderwritten offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders underwritten offering and prior to the pricing closing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreementunderwritten offering, the Company Partnership shall determine for any reason not to undertake or to delay such underwritten offering, the Partnership may, at its election, give written notice of such determination to the Selling Holders Unitholders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offeringunderwritten offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offeringunderwritten offering, and (2y) in the case of a determination to delay such Underwritten Offeringunderwritten offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offeringunderwritten offering. Any Selling Holder Unitholder shall have the right to withdraw such Selling HolderUnitholder’s request for inclusion of such Selling HolderUnitholder’s Common Share Registrable Securities in such Underwritten Offering underwritten offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offeringunderwritten offering. Any Holder Unitholder participating in an Underwriting Offering pursuant to this Section 2.2 shall be a “Participating Unitholder” for the purposes of this Agreement. Any Unitholder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder Unitholder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other Holdersunderwritten offering; provided, however, that such Holder Unitholder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder Unitholder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder Unitholder pursuant to this Section 2.02(a2.2(a) and such Holder Unitholder shall no longer be entitled to participate in Underwritten Offerings for Other Holders underwritten offerings by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof2.2.
Appears in 2 contracts
Sources: Unitholder Agreement (EnLink Midstream Partners, LP), Unitholder Agreement (Devon Energy Corp/De)
Participation. If at any time after the Consummation Date, the Company proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, statement for the sale of shares of Common Stock by Other Holders in an Underwritten OfferingOffering for its own account and/or another Person, then as soon as practicable but not less than ten Business Days prior to the filing of such registration statement, the Company shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Rights Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”but only to the extent that such Registrable Securities are not then subject to lock-up provisions under any lock-up or similar agreement); provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in offered by the Company under such Underwritten Offeringregistration statement, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 3.02 hereof and receipt of such notice shall be confirmed and kept confidential deemed to be received by Holders on the Holders until either next Business Day. Holder shall then have three (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (43) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered deemed receipt of the notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersby providing a written notice (“Piggy Back Registration Notice”) to the Company within such period. If no request for inclusion Piggy Back Registration Notice from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, then such Holder shall have no further right to participate in such Underwritten Offering. If a Holder decides not include some or all of its Registrable Securities in any registration statement filed by the Company as described in this Section 2.02(a) as stated in the Piggy Back Registration Notice, such Holder shall nevertheless continue to have the right to include any Registrable Securities in any subsequent registration statement or registration statements as may be filed by the Company with respect to the offering by the Company of its securities, all upon the terms and conditions set forth herein. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders the timely provided a Piggy Back Registration Rights Agreement and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company of such withdrawal at least one (1) up to and including the Business Day prior to immediately preceding the time Business Day on which the underwriters price such offering. Each Holder agrees that upon receiving a Piggyback Rights Notice that it will not trade any securities of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that if such Holder participates in the Underwritten Offering and in any event will not receive notice from trade (buy or sell) any securities of the Company in each case, in violation of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) applicable law including ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.Regulation M.
Appears in 2 contracts
Sources: Supplement to Subscription Agreement (Legacy Education Alliance, Inc.), Registration Rights Agreement (Legacy Education Alliance, Inc.)
Participation. If at any time the Company Atlas Pipeline Partners proposes to file (i) a shelf registration statement other than the Registration Statement (other than in which event Atlas Pipeline Partners covenants and agrees to include thereon a Registration Statement contemplated by Section 2.01(a)) on behalf description of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”transaction under which the Purchasers acquired the Registrable Securities), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01 of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each either case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, then the Company shall give as soon as practicable but not less than four three Business Days prior to the filing of (4x) Business Days’ the initial preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (y) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (z) such registration statement, as the case may be, then Atlas Pipeline Partners shall give notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities Units (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Atlas Pipeline Partners has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b)) of this Agreement. Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) three Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after receiving such Piggyback Notice has been delivered notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Atlas Pipeline Partners shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Atlas Pipeline Partners may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company Atlas Pipeline Partners of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Each Holder’s rights under this Section 2.02(a) shall terminate when such Holder (together with any Affiliates of such Holder) holds less than $15 million, in aggregate, of Registrable Securities, based on the Unit Price. Notwithstanding the foregoing, any Holder may deliver written notice (a an “Piggyback Opt-Opt Out Notice”) to the Company Atlas Pipeline Partners requesting that such Holder not receive notice from the Company Atlas Pipeline Partners of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofnotice.
Appears in 2 contracts
Sources: Registration Rights Agreement (Atlas Pipeline Partners Lp), Common Unit Purchase Agreement (Atlas Pipeline Holdings, L.P.)
Participation. If at any time the Company Linn Energy proposes to file (i) a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf 2.01 of any other Person who has or has been granted this Agreement and the registration rights related to an Underwritten Offering (statement covering the “Other Holder”)units held by the June 2007 Holders, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentregistration statement, in each either case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, then the Company shall give as soon as practicable but not less than four three Business Days prior to the filing of (4x) Business Days’ any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (y) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (z) such registration statement, as the case may be, then Linn Energy shall give notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Linn Energy has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b)) of this Agreement. Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) three Business Days (or two (2) Business Days after receiving such notice to request inclusion of Registrable Securities in connection with any overnight or bought the Underwritten Offering) , except that such Holder shall have one Business Day after such Piggyback Notice has been delivered Holder confirms receipt of the notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersin the case of a “bought deal” or “overnight transaction” where no preliminary prospectus is used. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Linn Energy shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Linn Energy may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company Linn Energy of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Each Holder’s rights under this Section 2.02(a) shall terminate when such Holder (together with any Affiliates of such Holder) holds less than $40 million of Purchased Class D Units (or Units issued upon conversion of the Class D Units) and Purchased Units, based on the Commitment Amounts. Notwithstanding the foregoing, any Holder may deliver written notice (a an “Piggyback Opt-Opt Out Notice”) to the Company Linn Energy requesting that such Holder not receive notice from the Company Linn Energy of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofnotice.
Appears in 2 contracts
Sources: Registration Rights Agreement (Linn Energy, LLC), Class D Unit and Unit Purchase Agreement (Linn Energy, LLC)
Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01(a) of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 10.0 million of Common Share the then-outstanding Registrable Securities (based on the Purchase Price per Common Unit under the Purchase Agreement) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed indicated on Schedule B A hereto as having opted out shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.
Appears in 2 contracts
Sources: Registration Rights Agreement (DCP Midstream Partners, LP), Common Unit Purchase Agreement (DCP Midstream Partners, LP)
Participation. If at any time If, the Company proposes to file (i) a Registration Statement (shelf registration statement other than a Registration Statement the registration statements contemplated by Section 2.01(a)Sections 4.01(a) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”and 4.01(b), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which registration statements contemplated by Sections 4.01(a) and 4.01(b) of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares of Common Stock in an Underwritten Offering for its own account or for the account of another stockholder of the Company, then as soon as practicable following the engagement of counsel by Other Holders the Company to prepare the documents to be used in connection with an Underwritten Offering, then the Company shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 5.0 million of Common Share the then-outstanding Registrable Securities (based on the VWAP Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share such Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such the Underwritten Offering, then (A) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Company shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b4.02(b). Each Piggyback Notice Any notice required to be provided in this Section 4.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 5.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four five (45) Business Days (or two one (21) Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a4.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Company pursuant to this Section 2.02(a4.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 2 contracts
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 the Company Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a2.1(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) following the Series B Conversion Date, a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective “automatic” registration statement, so long as the Company Partnership is a WKSI at such time or, whether or not the Company Partnership is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, other than (a) a registration relating solely to employee benefit plans, (b) a registration relating solely to a Rule 145 transaction, or (c) a registration on any registration form which does not permit secondary sales, then the Company Partnership shall give not less than four (4) three Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least ) owning more than $15 75 million of Common Share Registrable Securities Units, calculated on the basis of the Purchased Unit Price, and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (Aaa) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 37.5 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange NYSE for the shares of Common Stock Units for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (Bbb) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b2.2(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made3.1. Each such Holder will have four (4) two Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1AA) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2BB) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 2 contracts
Sources: Registration Rights Agreement (EnLink Midstream Partners, LP), Convertible Preferred Unit Purchase 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 section of Rule 144 (or any similar provision then in effect) under the Company Securities Act, if the Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a Registration Statement the registration statements contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”and Section 2.01(b), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which registration statements contemplated by Section 2.01(a) and Section 2.01(b) of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 10.0 million of Common Share the then-outstanding Registrable Securities (based on the Common Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share such Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 2 contracts
Sources: Registration Rights Agreement (Penn Virginia Resource Partners L P), Class B Unit Purchase Agreement (Penn Virginia Resource Partners L P)
Participation. If So long as a Unitholder has Registrable Securities, if at any time the Company proposes to file (i) a Registration Statement (other than registration statement and such Unitholder has not previously included its Registrable Securities in a Registration Statement contemplated by Section 2.01(a)2.1(a) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)this Agreement that is currently effective, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, statement so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously are included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders Unitholders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of EnLink Midstream Common Stock by Other Holders Units in an Underwritten Offeringunderwritten offering for its own account and/or another Person, other than (a) a registration relating solely to employee benefit plans, (b) a registration relating solely to a Rule 145 transaction, or (c) a registration statement on any registration form which does not permit secondary sales, then as soon as reasonably practicable following the engagement of counsel by the Company to prepare the documents to be used in connection with an underwritten offering, the Company shall give not less than four (4) Business Days’ notice (including, but not which may be limited to, to notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering underwritten offering to each Holder that, Unitholder (together with its Affiliates, owns ) holding at least $15 million of Common Share the then-outstanding Registrable Securities (calculated based on the volume-weighted average trading price of the EnLink Midstream Common Units for the 20 Business Days prior to the date of such notice) and such Piggyback Notice notice shall offer such Holder Unitholders the opportunity to include in such Underwritten Offering for Other Holders underwritten offering such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder Unitholder may request in writing (a “Piggyback Registration”)writing; provided, however, that (A) the Company shall not be required to offer provide such opportunity (A) unless the Unitholders propose to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securitiesoffer, in the aggregate (determined by multiplying the number aggregate, at least $50 million of Common Share Registrable Securities owned by (calculated based on the volume-weighted average trading price of the closing price on the National Securities Exchange EnLink Midstream Common Units for the shares of Common Stock for the ten (10) trading days preceding 20 Business Days prior to the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing managing Underwriter or Underwriters for such underwritten offering that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders the Unitholders will have an adverse effect on the price, timing or distribution of the shares EnLink Midstream Common Units in the underwritten offering, then (1) if no Registrable Securities can be included in the underwritten offering in the opinion of Common Stock the managing Underwriter or Underwriters, the Company shall not be required to offer such opportunity to the Unitholders or (2) if any Registrable Securities can be included in such Underwritten Offeringthe underwritten offering in the opinion of the managing Underwriter or Underwriters, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders Unitholders shall be determined based on in accordance with the provisions of Section 2.02(b2.1(d)(ii). Each Piggyback Notice Any notice required to be provided in this Section 2.2(a) to Unitholders shall be provided to Holders on a Business Day pursuant to Section 3.01 4.1 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeUnitholder. Each such Holder will Unitholder shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offeringunderwritten offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersunderwritten offering. If no written request for inclusion from a Holder Unitholder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder Unitholder shall have no further right to participate in such Underwritten Offeringunderwritten offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders underwritten offering and prior to the pricing closing of such Underwritten Offeringunderwritten offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreementunderwritten offering, the Company may, at its election, give written notice of such determination to the Selling Holders Unitholders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offeringunderwritten offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offeringunderwritten offering, and (2y) in the case of a determination to delay such Underwritten Offeringunderwritten offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offeringunderwritten offering. Any Selling Holder Unitholder shall have the right to withdraw such Selling HolderUnitholder’s request for inclusion of such Selling HolderUnitholder’s Common Share Registrable Securities in such Underwritten Offering underwritten offering by giving written notice to the Company of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offeringunderwritten offering. Any Holder Unitholder participating in an Underwriting Offering pursuant to this Section 2.2 shall be a “Participating Unitholder” for the purposes of this Agreement. Any Unitholder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company requesting that such Holder Unitholder not receive notice from the Company of any proposed Underwritten Offering for Other Holdersunderwritten offering; provided, however, that such Holder Unitholder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder Unitholder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder Unitholder pursuant to this Section 2.02(a2.2(a) and such Holder Unitholder shall no longer be entitled to participate in Underwritten Offerings for Other Holders underwritten offerings by the Company pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof2.2.
Appears in 2 contracts
Sources: Registration Rights Agreement (EnLink Midstream, LLC), Registration Rights Agreement (Devon Energy Corp/De)
Participation. If Except as provided in Section 2.02(b), if at any time during the Company Effectiveness Period, Parent proposes to file (i) a shelf registration statement other than the Shelf Registration Statement (in which event Parent covenants and agrees to include thereon a description of the transaction under which the Partnership Unitholders acquired the Registrable Securities), (ii) a prospectus supplement to an effective shelf registration statement, other than a the Shelf Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)this Agreement, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other and Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously could be included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentamendment thereto (other than a post-effective amendment that is immediately effective), or (iii) a registration statement, other than a shelf registration statement, in the case of each caseof clause (i), (ii) or (iii), for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering or Overnight Underwritten Offering for its own account and/or another Person, then the Company shall give as soon as practicable but not less than four ten (410) Business Days’ Days (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 electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering (a “Piggyback Offering”) to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Partnership Unitholders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Parent Common Share Registrable Securities Units (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Parent has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Selling Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Selling Holders shall be determined based on the provisions of Section 2.02(b)2.02(c) of this Agreement. Each The notice required to be provided in this Section 2.02(a) to each Partnership Unitholder (the “Piggyback Notice Notice”) shall be provided to Holders on a Business Day pursuant to Section 3.01 and hereof. Promptly upon receipt of such notice the Piggyback Notice, the Partnership Unitholders shall be confirmed and kept confidential by notify the other Holders until either (xif any) such proposed of the opportunity to include in the Underwritten Offering has been publicly announced by 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 madenumber of Parent Common Units as each such Holder may request in writing. Each such Holder will shall then have four five (45) Business Days (or two (2) Business Days in connection with any overnight or bought the case of an Overnight Underwritten Offering) after such the date on which the Partnership Unitholders received the Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringsuch period, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Parent Board shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Parent may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company Parent of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Notwithstanding the foregoing, any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Parent requesting that such Holder not receive notice from the Company Parent of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofOffering.
Appears in 2 contracts
Sources: Registration Rights Agreement (LRR Energy, L.P.), Registration Rights Agreement (Vanguard Natural Resources, LLC)
Participation. If at any time So long as a Holder holds Registrable Securities, if the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statementcontemplated by Section 2.01(a), or in any case in which Holders may participate in such offering without the filing of (iii) a post-effective amendmentregistration statement, other than a shelf registration statement, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account or that of another Person, or both, and Holders may be included in such Underwritten Offering without the filing of a post-effective amendment thereto, then the Company Partnership shall give not less than four (4) three Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least ) owning more than $15 10 million of Common Share Registrable Securities Securities, calculated on the basis of the Purchased Unit Price (the “Tag-Along Holders”), and such Piggyback Notice shall offer such Tag-Along Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Tag-Along Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such Tag-Along Holders if the Tag-Along Holders, together with their Affiliates, do not offer a minimum of $15 10 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange NYSE for the shares of Common Stock Units for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Tag-Along Holders if and to the extent that the Company Partnership has been advised in writing by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Tag-Along Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Tag-Along Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Tag-Along Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Tag-Along Holders until either (x) such proposed Underwritten Offering has been is (x) publicly announced by the Company or (y) the Holders have such Tag-Along Holder received notice from the Company that such proposed Underwritten Offering has been abandoned, which such abandonment notice shall be provided promptly by the Company shall provide Partnership to each Tag-Along Holder but no later than 14 days after delivery of the Holders reasonably promptly after the final decision Piggyback Notice to abandon a proposed Underwritten Offering has been madeTag-Along Holders. Each such Tag-Along Holder will have four (4) two Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Tag-Along Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Tag-Along Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 2 contracts
Sources: Registration Rights Agreement (KNOT Offshore Partners LP), Series a Preferred Unit Purchase Agreement (KNOT Offshore Partners LP)
Participation. If Within twenty (20) days after receipt of the Issuance Notice, each Investor may elect to purchase or otherwise acquire, at any time the price and on the terms specified in the Issuance Notice, up to that portion of such New Securities which equals the proportion that the number of Ordinary Shares ( assuming full conversion and exercise of all convertible or exercisable securities of the Company proposes to file (iheld by such Investor) a Registration Statement (other than a Registration Statement contemplated then held by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating such Investor bears to the sale total number of shares Ordinary Shares then outstanding ( assuming full conversion and exercise of Common Stock by any Other Holders to an effective registration statement, so long as all convertible or exercisable securities of the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offering, then the Company shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mailCompany) (the “Piggyback Pro Rata Portion”). Upon the expiration of such twenty (20) day period, the Company shall promptly notify in writing (the “Overallotment Notice”) each Investor that elects to purchase all the New Securities available to it ( each, a “Fully Exercising Investor”) of any other Investor’s failure to do likewise. Within ten (10) days after receipt of the Overallotment Notice, each Fully Exercising Investor shall be entitled to purchase or otherwise acquire, in addition to such proposed Underwritten Offering Investor’s Pro Rata Portion of the New Securities, any New Securities that any Investor had the right to each Holder thatpurchase or otherwise acquire pursuant to this Section 8 but which were not so subscribed for by such Investor (in the aggregate, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Unsubscribed New Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securitiesthat, in the aggregate (determined by multiplying event the Fully Exercising Investors elect to purchase more than the total number of Common Share Registrable Unsubscribed New Securities, each Fully Exercising Investor that elects to purchase or otherwise acquire any Unsubscribed New Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw purchase or otherwise acquire that portion of the Unsubscribed New Securities which equals the proportion (the “Unsubscribed Pro Rata”) that the number of Ordinary Shares (assuming full conversion and exercise of all convertible or exercisable securities of the Company held by such Selling Holder’s request for inclusion of Fully Exercising Investor) then held by such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice Fully Exercising Investor bears to the Company total number of Ordinary Shares (assuming full conversion and exercise of all convertible or exercisable securities of the Company) then held by all Fully Exercising Investors who wish to purchase or otherwise acquire any Unsubscribed New Securities (with any Unsubscribed New Securities remaining after such withdrawal at least one (1) Business Day prior initial calculation due to any Fully Exercising Investor not electing to purchase its full Unsubscribed Pro Rata being apportioned to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (Fully Exercising Investors that elect to purchase more than their Unsubscribed Pro Rata on a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(aprorated basis), unless such Piggyback Opt-Out Notice another method of apportionment is revoked mutually agreed to by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofFully Exercising Investors.
Appears in 2 contracts
Sources: Investor Rights Agreement (Structure Therapeutics Inc.), Investor Rights Agreement (ShouTi Inc.)
Participation. If Except as provided in Section 2.2(b), if at any time on or after February 2, 2020, the Company proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted shelf registration rights related to an Underwritten Offering (the “Other Holder”)statement, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously and Holders could be included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering 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 shares of Common Stock by Other Holders in an Underwritten OfferingOffering or Overnight Underwritten Offering (in each case, other than in a broker-facilitated transaction) for its own account and/or another Person, then as soon as practicable but not less than five (5) Business Days (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 not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering (a “Piggyback Offering”) to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share the Registrable Securities (the “Included Registrable Securities”) as such Holder the Holders may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter Underwriter, and the Company has advised the Selling Holders in writing, that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Selling Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Selling Holders shall be determined based on the provisions of Section 2.02(b)2.2(c) of this Agreement. Each Piggyback Notice The notice required to be provided in this Section 2.2(a) to the Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice 3.1 hereof. The Holders shall be confirmed and kept confidential by the Holders until either then have three (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (43) Business Days (or two one (21) Business Days Day in connection with any overnight or bought the case of an Overnight Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder the Holders is received by within such period, the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder Holders and their Affiliates shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any A Selling Holder shall have the right to withdraw such Selling Holder’s its request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company of such withdrawal at least one up to two (12) Business Day Days prior to such offering. Notwithstanding the time of pricing of such Underwritten Offering. Any foregoing, a Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder writing not less than one (unless subsequently revoked), the Company shall not be required to deliver any notice 1) Business Day prior to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofoffering.
Appears in 2 contracts
Sources: Registration Rights Agreement (Seacor Holdings Inc /New/), Registration Rights Agreement
Participation. If at any time the Company proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on its own behalf relating to the sale of Common Stock or on behalf of any other Person Persons who has have or has have been granted registration rights related to an Underwritten Offering (the “Other HolderHolders”), ) or (ii) a prospectus supplement relating to the sale of shares of Common Stock by the Company or any Other Holders to an effective “automatic” registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by the Company or Other Holders in an Underwritten OfferingOffering (including an Underwritten Offering undertaken pursuant to Section 2.03), then the Company shall give not less than four (4) Business Days’ notice (or two Business Days in connection with any overnight or bought Underwritten Offering) (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least ) owning more than $15 75 million of Common Share Stock (determined by multiplying the number of Registrable Securities owned by the Purchased Preferred Stock Price) or, in the case of any of Stonepeak and its Affiliates, owning any Registrable Securities, and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to any such Holders other than any of Stonepeak and its Affiliates if the Holders, together with their Affiliates, do not offer a minimum of $15 50 million of Common Share Registrable Securities, Securities in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Purchased Preferred Stock for the ten (10) trading days preceding the date of such noticePrice ), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter Underwriter, acting in good faith, that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt 4.01. If practical in the context of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandonedcontemplated offering, which the Company shall use reasonable efforts to increase the length of the Piggyback Notice to provide more time for the applicable Holders to the Holders reasonably promptly after the final make an election to participate; provided, however, that any decision to abandon a proposed Underwritten Offering has been madeincrease the length of the Piggyback Notice for longer than two Business Days shall be in the sole discretion of the Company. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) ), or such longer period as may be specified by the Company, in its sole discretion, in the Piggyback Notice, after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake such an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 2 contracts
Sources: Series a Preferred Stock Purchase Agreement (Targa Resources Corp.), Registration Rights Agreement (Targa Resources Corp.)
Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person Holder who has or has been granted registration rights related to an Underwritten Offering undertaken pursuant to Section 2.03 (the “Other Holder”), or (ii) following the Series A Conversion Date, a prospectus supplement relating to the sale of shares of Common Stock Units by any Other Holders to an effective “automatic” registration statement, so long as the Company Partnership is a WKSI at such time or, whether or not the Company Partnership is a WKSI, so long as the Common Share Unit Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock Units by Other Holders in an Underwritten OfferingOffering undertaken pursuant to Section 2.03, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least $15 million of ) owning Common Share Unit Registrable Securities and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Unit Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 50 million of Common Share Unit Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Unit Registrable Securities owned by the average of the closing price on the National Securities Exchange NYSE for the shares of Common Stock Units for the ten (10) 10 trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Unit Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then the amount of Common Share Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company Partnership or (y) the Holders have received notice from the Company Partnership that such proposed Underwritten Offering has been abandoned, which the Company Partnership shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company Partnership the inclusion of Common Share Unit Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company Partnership within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the CompanyPartnership’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Unit Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 2 contracts
Sources: Registration Rights Agreement (MPLX Lp), Purchase Agreement (MPLX Lp)
Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock Units by any Other Holders to an effective registration statement, so long as the Company Partnership is a WKSI at such time or, whether or not the Company Partnership is a WKSI, so long as the Common Share Unit Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock Units by Other Holders in an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 25 million of Common Share Unit Registrable Securities and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Unit Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 25 million of Common Share Unit Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Unit Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock Units for the ten (10) 10 trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Unit Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then the amount of Common Share Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company Partnership or (y) the Holders have received notice from the Company Partnership that such proposed Underwritten Offering has been abandoned, which the Company Partnership shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company Partnership the inclusion of Common Share Unit Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company Partnership within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the CompanyPartnership’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Unit Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 2 contracts
Sources: Registration Rights Agreement (Equitrans Midstream Corp), Registration Rights Agreement (EQM Midstream 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 section of Rule 144 (or any similar provision then in effect) under the Company Securities Act, if the Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01(a) of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares LP Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 10.0 million of Common Share the then-outstanding Registrable Securities that are LP Units (based on the LP Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities that are LP Units (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share such Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock LP Units in such the Underwritten Offering, then (A) the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities that are LP Units can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share such Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share those Registrable Securities that are LP Units in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed indicated on Schedule B A hereto shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.
Appears in 2 contracts
Sources: Class B Unit Purchase Agreement (Buckeye Partners, L.P.), Registration Rights Agreement (Buckeye Partners, L.P.)
Participation. If Subject to Section 4(b) hereof, if at any time after the date hereof the Company proposes to file (i) files a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) registration on behalf Form S-4 or S-8 or any successor form to such Forms or any registration of any other Person who has or has been granted registration rights related securities as it relates to an Underwritten Offering (offering and sale to management of the “Other Holder”), Company pursuant to any employee stock plan or (iiother employee benefit plan arrangement) a prospectus supplement relating with respect to the sale of an offering that includes any shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten OfferingStock, then the Company shall give not less than four (4) Business Days’ prompt notice (including, but not limited to, notification by electronic mailthe "Initial Notice") (to the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities Investor and such Piggyback Notice the Investor shall offer such Holder the opportunity be entitled to include in such Underwritten Offering for Other Holders such number of Common Share Registration Statement any Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); held by it, provided, however, that the Company Investor shall not be required entitled to offer such opportunity participation rights with respect to the Registration Statement to be filed within ninety (A90) days following the issuance of securities under the Company's convertible senior subordinated notes offering (and the common stock issued upon conversion thereof) which closed on March 15, 2001, as such offering may be revised, amended, altered or supplemented in the discretion of the Company. If the Investor elects to include any or all of its Registrable Securities in such Registration Statement, then the Company shall give prompt notice (the "Piggyback Notice") to each Holder (excluding the Investor) and each such Holders if Holder shall be entitled to include in such Registration Statement any Registrable Securities held by it. The Initial Notice and Piggyback Notice shall offer the Investor and the Holders, together with their Affiliatesrespectively, do not offer a minimum the opportunity to register such number of $15 million shares of Common Share Registrable Securities, in Securities as the aggregate Investor and each Holder may request and shall set forth (determined by multiplying i) the anticipated filing date of such Registration Statement and (ii) the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date that is proposed to be included in such Registration Statement. The Company shall include in such Registration Statement such shares of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of which it has received written requests to register such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly within 15 days after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) Initial Notice and 7 days after such the Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofgiven.
Appears in 2 contracts
Sources: Registration Rights Agreement (Fleming Companies Inc /Ok/), Registration Rights Agreement (Fleming Companies Inc /Ok/)
Participation. If at any time the Company Atlas Pipeline Holdings proposes to file (i) a shelf registration statement other than the Registration Statement (other than in which event Atlas Pipeline Holdings covenants and agrees to include thereon a Registration Statement contemplated by Section 2.01(a)) on behalf description of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”transaction under which the Purchasers acquired the Registrable Securities), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01 of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each either case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, then the Company shall give as soon as practicable but not less than four three Business Days prior to the filing of (4x) Business Days’ the initial preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (y) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (z) such registration statement, as the case may be, then Atlas Pipeline Holdings shall give notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities Units (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Atlas Pipeline Holdings has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b)) of this Agreement. Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) three Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after receiving such Piggyback Notice has been delivered notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Atlas Pipeline Holdings shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Atlas Pipeline Holdings may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company Atlas Pipeline Holdings of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Each Holder’s rights under this Section 2.02(a) shall terminate when such Holder (together with any Affiliates of such Holder) holds less than $2 million, in aggregate, of Registrable Securities, based on the Unit Price. Notwithstanding the foregoing, any Holder may deliver written notice (a an “Piggyback Opt-Opt Out Notice”) to the Company Atlas Pipeline Holdings requesting that such Holder not receive notice from the Company Atlas Pipeline Holdings of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofnotice.
Appears in 2 contracts
Sources: Common Unit Purchase Agreement (Atlas Pipeline Holdings, L.P.), Registration Rights Agreement (Atlas Pipeline Holdings, L.P.)
Participation. If at any time the Company Constellation Energy proposes to file (i) a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf 2.01 of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)this Agreement, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentregistration statement, in each either case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, then the Company shall give as soon as practicable but not less than four three Business Days prior to the filing of (4x) Business Days’ any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (y) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (z) such registration statement, as the case may be, then Constellation Energy shall give notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing, which shall not be fewer than 100,000 Registrable Securities; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Constellation Energy has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b)) of this Agreement. Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) three Business Days (or two (2) Business Days after receiving such notice to request inclusion of Registrable Securities in connection with any overnight or bought the Underwritten Offering) , except that such Holder shall have one Business Day after such Piggyback Notice has been delivered Holder confirms receipt of the notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersin the case of a “bought deal” or “overnight transaction” where no preliminary prospectus is used. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Constellation Energy shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Constellation Energy may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company Constellation Energy of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such offering. No Holder shall be entitled to participate in any such Underwritten OfferingOffering under this Section 2.02(a) unless such Holder (together with any Affiliate of such Holder) participating therein held at least $15,000,000 of Purchased Class F Units and Purchased Common Units as of the Closing Date. Any Notwithstanding the foregoing, any Holder may deliver written notice (a an “Piggyback Opt-Opt Out Notice”) to the Company Constellation Energy requesting that such Holder not receive notice from the Company Constellation Energy of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofnotice.
Appears in 1 contract
Sources: Registration Rights Agreement (Constellation Energy Partners LLC)
Participation. If at any time So long as a Holder has Registrable Shares, if the Company proposes to file (i) a Registration Statement (shelf registration statement other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement to an effective shelf registration statement relating to the sale of shares equity securities of Common Stock by any Other Holders to an effective registration statement, so long as the Company is for its own account or that of another Person, or both, other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01(a) and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offering for its own account or that of another Person, or both, then promptly following the selection of the Managing Underwriter for such Underwritten Offering, then the Company shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 million the Piggyback Threshold Amount of Common Share the then-outstanding Registrable Securities Shares and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities Shares (the “Included Registrable SecuritiesShares”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (A) the Company shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 million the Piggyback Threshold Amount of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice)Shares, or such lesser amount if it constitutes the remaining holdings of the Holder such Holder, and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities Shares for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such the Underwritten Offering, then (x) if no Registrable Shares can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Company shall not be required to offer such opportunity to the Holders, or (y) if any Registrable Shares can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities Shares to be offered for the accounts of Holders shall be determined based on the provisions of allocation set forth in Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will shall then have four (4) five Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities Shares in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities Shares in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities Shares as part of such Underwritten Offering for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities Shares in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and in respect of such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofOffering.
Appears in 1 contract
Participation. If at In the event the Registrable Securities may not be disposed of without restriction pursuant to any time section of Rule 144 (or any similar provision then in effect) under the Company Securities Act, if the Partnership proposes to file (i) a Registration Statement (prospectus supplement to an existing or future effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (includingwhich may include, but not limited towithout limitation, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns holds in the aggregate at least $15 10.0 million of Common Share the then-outstanding Registrable Securities (based on the Common Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (i) the Company Partnership shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 10.0 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price (based on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticeUnit Price), or such lesser amount (ii) if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madehereof. Each such Holder will described in the proviso of the immediately preceding sentence shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering. If no written request for inclusion from such a Holder is received within the specified time, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell include any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback . Each of the Holders on Schedule A hereto who has indicated it is delivering an Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.
Appears in 1 contract
Sources: Registration Rights Agreement (Teekay Offshore Partners L.P.)
Participation. If at any time So long as a Holder has Registrable Securities, if the Company proposes to file file
(i) a Registration Statement (shelf registration statement other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement to an effective shelf registration statement relating to the sale of shares equity securities of Common Stock by any Other Holders to an effective registration statement, so long as the Company is for its own account or that of another Person, or both, other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01(a) and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offering for its own account or that of another Person, or both, then promptly following the selection of the Managing Underwriter for such Underwritten Offering, then the Company shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 million the Piggyback Threshold Amount of Common Share the then-outstanding Registrable Securities (calculated based on the Common Stock Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (A) the Company shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 million the Piggyback Threshold Amount of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price (based on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticePrice), or such lesser amount if it constitutes the remaining holdings of the Holder such Holder, and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter advises the Company that in its good faith opinion the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such 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 Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) five Business Days (or two (2) three Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities as part of such Underwritten Offering for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Company pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 1 contract
Sources: Registration Rights Agreement (Ocwen Financial Corp)
Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01(a) of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 25 million of Common Share the then-outstanding Registrable Securities (based on the Purchase Price per Common Unit under the Purchase Agreement) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 4.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) two Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed indicated on Schedule B A hereto as having opted out shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.
Appears in 1 contract
Sources: Securities Agreement (American Midstream Partners, LP)
Participation. If at any time during the Company Registration Period, Atlas proposes to file (i) a shelf registration statement other than the Registration Statement (other than in which event Atlas covenants and agrees to include thereon a Registration Statement contemplated by Section 2.01(a)) on behalf description of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”transaction under which the Titan Unitholders acquired the Registrable Securities), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are contemplated by Section 2.01(a)(i) of this Agreement and Holders could be included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each either case, for the sale of shares of Atlas Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, then the Company shall give as soon as practicable but not less than four three Business Days prior to the filing of (4A) Business Days’ any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (B) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (C) such registration statement, as the case may be, then Atlas shall give notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each the Majority Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Atlas Common Share Registrable Securities Units (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Atlas has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Atlas Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b)) of this Agreement. Each The notice required to be provided in this Section 2.02(a) to the Majority Holder (the “Piggyback Notice Notice”) shall be provided to Holders on a Business Day pursuant to Section 3.01 and hereof. Promptly upon receipt of such notice the Piggyback Notice, the Majority Holder shall be confirmed and kept confidential by notify the other Holders until either (xif any) such proposed of the opportunity to include in the Underwritten Offering has been publicly announced by such number of Atlas Common Units as each such Holder may request in writing. Each Holder shall then have three Business Days after the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, date on which the Company shall provide to Majority Holder received the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Atlas shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Atlas may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company Atlas of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to Each Holder’s rights under this Section 2.02(a) and shall terminate when such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by (together with any Affiliates of such Holder. The Holders listed ) holds, directly or indirectly, less than $15 million in the aggregate of Registrable Securities, based on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofCommon Unit Price.
Appears in 1 contract
Sources: Registration Rights Agreement (Atlas Resource Partners, L.P.)
Participation. If at any time the Company proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offering, then the Company shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.a
Appears in 1 contract
Sources: Registration Rights Agreement (Equitrans Midstream Corp)
Participation. If at any time So long as a Holder has Registrable Securities, if the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement to an effective shelf registration statement relating to the sale of shares equity securities of Common Stock by any Other Holders to an effective registration statementthe Partnership, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01(a) and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten Offering for its own account or that of another Person, or both, then promptly following the selection of the Managing Underwriter for such Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 million the Piggyback Threshold Amount of Common Share the then-outstanding Registrable Securities (calculated based on the Common Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (A) the Company Partnership shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 million the Piggyback Threshold Amount of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price (based on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticeUnit Price), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (x) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the 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 Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) two Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities as part of such Underwritten Offering for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 1 contract
Sources: Registration Rights Agreement (NGL Energy Partners LP)
Participation. If at any time the Company Linn Energy proposes to file (i) a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf 2.01 of any other Person who has or has been granted this Agreement and the registration rights related to an Underwritten Offering (statement covering the “Other Holder”)units held by the Class B Holders and the Class C Holders, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentregistration statement, in each either case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, then the Company shall give as soon as practicable but not less than four three Business Days prior to the filing of (4x) Business Days’ any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (y) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (z) such registration statement, as the case may be, then Linn Energy shall give notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Linn Energy has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b)) of this Agreement. Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) three Business Days (or two (2) Business Days after receiving such notice to request inclusion of Registrable Securities in connection with any overnight or bought the Underwritten Offering) , except that such Holder shall have one Business Day after such Piggyback Notice has been delivered Holder confirms receipt of the notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersin the case of a “bought deal” or “overnight transaction” where no preliminary prospectus is used. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Linn Energy shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Linn Energy may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company Linn Energy of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Each Holder’s rights under this Section 2.02(a) shall terminate when such Holder (together with any Affiliates of such Holder) holds less than $25,000,000 of Purchased Units, based on the Commitment Amounts. Notwithstanding the foregoing, any Holder may deliver written notice (a an “Piggyback Opt-Opt Out Notice”) to the Company Linn Energy requesting that such Holder not receive notice from the Company Linn Energy of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofnotice.
Appears in 1 contract
Participation. If on or at any time after the date ninety (90) days after the Closing Date the Company proposes to file (i) a Registration Statement on a form which would permit the registration of Registrable Securities (other than a Registration Statement contemplated on Form S-4 or S-8) for purposes of registering the offer and sale of Common Units by Section 2.01(a)) the Company or on behalf of any other Person Persons who has have or has have been granted registration rights related to an Underwritten Offering (the “Other HolderHolders”), ) or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders Units pursuant to an effective “automatic” registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering (including an Underwritten Offering undertaken pursuant to Section 2.03), then the Company shall give not less than four (4) three Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least $15 million of Common Share Registrable Securities ) and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 1 contract
Sources: Registration Rights Agreement (Atlas Energy Group, LLC)
Participation. If at any time So long as a Holder has Registrable Securities, if the Company Partnership proposes to file file, whether for its own account or for the account of the Holders: (i1) a Registration Statement shelf registration statement (other than a the Registration Statement contemplated by Section 2.01(a2.01) or (2) a registration statement other than a shelf registration statement (other than a registration statement on Form S-4 or S-8 or any successor forms thereto), including a registration statement for a Secondary Offering or a Primary Offering as contemplated by Section 2.02(a) on behalf or Section 2.02(b), respectively (each of any other Person who has or has been granted registration rights related to an Underwritten Offering (the 1) and (2), a “Other HolderPiggyback Registration”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ prompt written notice (including, but not limited to, notification by electronic mail) (the a “Piggyback Notice”) of such proposed Underwritten Offering (including notice by electronic mail) to each Holder that, together with its Affiliates, owns holding at least $15 $ million of Common Share the then-outstanding Registrable Securities (based on the last sales price of the Common Units as of the trading date prior to the time of such registration) regarding such proposed registration, and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders Piggyback Registration: (x) such number of Common Share Registrable Securities as each such Holder may request, or (the “Included y) a number of Primary Units in order to effect a Redemption of Registrable Securities”) Securities as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b)request. Each Piggyback Notice shall specify, at a minimum, the number and type of securities proposed to be provided to Holders on a Business Day pursuant to Section 3.01 and receipt registered, the proposed date of filing of such notice shall be confirmed Piggyback Registration with the Commission, the proposed means of distribution, the proposed Managing Underwriter or underwriters (if any and kept confidential if known) and a good faith estimate by the Holders until either (x) Partnership of the proposed minimum offering price of such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madesecurities. Each such Holder will have four shall make such request in writing to the Partnership (4including by electronic mail) Business Days within five (5) business days (or two one (21) Business Days business day in connection with any overnight or bought Underwritten Offering) after the receipt of any such Piggyback Notice has been delivered Notice, which request shall specify the number of Registrable Securities intended to request in writing be disposed of by such Holder or the number of Registrable Securities such Holder intends to have redeemed by the Partnership, and, subject to the Company terms and conditions of this Agreement, the inclusion of Common Share Partnership shall use its reasonable best efforts to include in such Piggyback Registration all Registrable Securities in held by such Holders and/or a number Primary Units required to effect a Redemption of the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringrequested by such Holders; provided, such Holder shall have no further right to participate in such Underwritten Offering. Ifthat if, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders register equity securities and prior to the pricing effective date of the registration statement filed in connection with such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreementregistration, the Company Partnership shall determine for any reason not to register such equity securities, the Partnership may, at its election, give written notice of such determination within five business days thereof to the Selling Holders each Holder of Registrable Securities and, (1) in the case of a termination of such Underwritten Offeringthereupon, shall not be relieved of its obligation obligated to sell register any Included Registrable Securities or Primary Units in connection with such terminated Underwritten Offeringregistration (but shall nevertheless pay the Registration Expenses in connection therewith), and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; providedwithout prejudice, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), to the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as rights of the date hereofHolders of Registrable Securities that a registration be effected under Section 2.01 or Section 2.02.
Appears in 1 contract
Sources: Registration Rights Agreement (PennTex Midstream Partners, LP)
Participation. If at any time after the Company first anniversary of the Closing Date the Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”including pursuant to Section 2.03), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least $15 million of Common Share ) owning Registrable Securities and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Unit Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that (A) the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 50 million of Common Share Unit Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Unit Registrable Securities owned by the average of VWAP Price for the closing price 30 consecutive trading days ending on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days date immediately preceding the date of such noticethe Piggyback Notice), or such lesser amount if it constitutes the remaining holdings of the Holder Holders and its their Affiliates, or and (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Unit Registrable Securities for sale for the benefit of such Holders will have an a material adverse effect on the price, timing or distribution of the shares of any Class A Common Stock Units in such Underwritten Offering, then the amount of Common Share Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company Partnership or (y) the Holders have received notice from the Company Partnership that such proposed Underwritten Offering has been abandoned, which the Company Partnership shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company Partnership the inclusion of Common Share Unit Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company Partnership within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the CompanyPartnership’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Unit Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) 2.02 and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a)2.02, unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule SCHEDULE B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 1 contract
Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statementcontemplated by Section 2.01(a), or in any case in which and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 25.0 million of Common Share the then-outstanding Registrable Securities (calculated based on the Common Unit Price) (the “Threshold Amount”) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders Holder until either (x) such proposed Underwritten Offering has been is (i) publicly announced by the Company or (yii) the Holders have received such Holder receives notice from the Company that such proposed Underwritten Offering has been abandoned, which such notice shall be provided promptly by the Company shall provide Partnership to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeeach Holder. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought deal Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, give written notice of such determination to the Selling Holders and, giving
(1a) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed indicated on Schedule B A hereto as having opted out shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.
Appears in 1 contract
Sources: Unit Purchase Agreement
Participation. If at any time So long as a Holder holds Registrable Securities, if the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”Section 2.01(b), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as the Company is other than a WKSI at such time or, whether Registration Statement contemplated by Section 2.01(a) or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously Section 2.01(b) of this Agreement and Holders may be included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering Underwritten Offering without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account or that of Common Stock another Person, or both, and Holders may be included in such Underwritten Offering without the filing of a post-effective amendment thereto, then as soon as practicable following the engagement of counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 million the Piggyback Threshold Amount of the then-outstanding Common Unit Registrable Securities (calculated based on the product of the Common Unit Price times the number of Common Share Unit Registrable Securities Securities) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Unit Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (A) the Company Partnership shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 million the Piggyback Threshold Amount of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Unit Registrable Securities owned by the average of the closing price (based on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticeUnit Price), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Unit Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (1) the Partnership shall not be required to offer such opportunity to the Holders or (2) if any Common Unit Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall Any notice required to be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.this
Appears in 1 contract
Sources: Registration Rights Agreement (Teekay Offshore Partners L.P.)
Participation. If at any time the Company Constellation Energy proposes to file (i) a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf 2.01 of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)this Agreement, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentregistration statement, in each either case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, then the Company shall give as soon as practicable but not less than four three Business Days prior to the filing of (4x) Business Days’ any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (y) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (z) such registration statement, as the case may be, then Constellation Energy shall give notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing, which shall not be fewer than 100,000 Registrable Securities; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Constellation Energy has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b)) of this Agreement. Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) three Business Days (or two (2) Business Days after receiving such notice to request inclusion of Registrable Securities in connection with any overnight or bought the Underwritten Offering) , except that such Holder shall have one Business Day after such Piggyback Notice has been delivered Holder confirms receipt of the notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersin the case of a “bought deal” or “overnight transaction” where no preliminary prospectus is used. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Constellation Energy shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Constellation Energy may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company Constellation Energy of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such offering. No Holder shall be entitled to participate in any such Underwritten OfferingOffering under this Section 2.02(a) unless such Holder (together with any Affiliate of such Holder) participating therein held at least $5,000,000 of Purchased Common Units as of the Closing Date. Any Notwithstanding the foregoing, any Holder may deliver written notice (a an “Piggyback Opt-Opt Out Notice”) to the Company Constellation Energy requesting that such Holder not receive notice from the Company Constellation Energy of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofnotice.
Appears in 1 contract
Sources: Registration Rights Agreement (Constellation Energy Partners LLC)
Participation. If at In the event the Registrable Securities may not be disposed of without restriction pursuant to any time section of Rule 144 (or any similar provision then in effect) under the Company Securities Act, if the Partnership proposes to file (i) a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (ii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (includingwhich may include, but not limited towithout limitation, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns holds in the aggregate at least $15 10.0 million of Common Share the then-outstanding Registrable Securities (based on the Common Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (i) the Company Partnership shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 10.0 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price (based on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticeUnit Price), or such lesser amount (ii) if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madehereof. Each such Holder will described in the proviso of the immediately preceding sentence shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering. If no written request for inclusion from such a Holder is received within the specified time, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell include any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback . Each of the Holders on Schedule A hereto who has indicated it is delivering an Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.
Appears in 1 contract
Sources: Registration Rights Agreement (Teekay Offshore Partners L.P.)
Participation. If at any time the Company proposes to file (iA) a Registration Statement registration statement under the Securities Act providing for the public offering of Common Stock, for its own account or for the account of a selling 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 (other than or any successor forms thereto), a Registration Statement contemplated by Section 2.01(a)) on behalf registration statement for the sale of Common Stock issued upon conversion of debt securities or any other Person who has or has been granted registration rights related form not available for registering the Registrable Securities for sale to an Underwritten Offering (the “Other Holder”)public, or (iiB) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statementShelf Registration Statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective 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 shares case with respect to an Underwritten Offering of Common Stock by Other Holders in an Underwritten OfferingStock, then the Company shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to will notify each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the proposed filing and such Piggyback Notice shall offer such afford each Holder the an opportunity to include in such Underwritten Offering for Other Holders such number all or any part of Common Share the Registrable Securities then held by such Holder (the “Included Registrable Securities”) as that may properly be offered on such Holder may request in writing registration statement (a “Piggyback Registration”); provided, however, . Each Holder of Registrable Securities agrees that the Company fact that such a notice has been delivered shall constitute confidential information and such Holder agrees not be required to offer disclose that such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares notice has been delivered or effect any public sale or distribution of Common Stock for until the ten earlier of (10i) trading the date that the applicable registration statement or prospectus supplement has been filed with the Commission and (ii) 20 days preceding after the date of such notice). Each Holder desiring to include in such Piggyback Registration all or part of such Registrable Securities held by such Holder that may be included in such Piggyback Registration shall, or such lesser amount if it constitutes the remaining holdings within three Business Days after receipt of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received above-described notice from the Company that such proposed Underwritten Offering has been abandoned, which in the case of a filing of a registration statement and within two Business Days after the day of receipt of the above-described notice from the Company in the case of a filing of a prospectus supplement to an effective Shelf Registration Statement with respect to a Piggyback Registration, so notify the Company in writing, and in such notice shall provide to inform the Holders reasonably promptly after Company of the final decision to abandon a proposed Underwritten Offering has been made. Each number of shares of Registrable Securities such Holder will have four (4) Business Days (or two (2) Business Days wishes to include in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to Registration and provide the Company the inclusion of Common Share Registrable Securities with such information with respect to such Holder as shall be reasonably necessary in the Underwritten Offering for Other Holdersorder to assure compliance with federal and applicable state securities Laws. If no request for inclusion from a Holder is received by the Company within the time period specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringthis 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 the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, and (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Company pursuant to this Section 2.02(a2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 1 contract
Sources: Securities Purchase Agreement (Patterson Uti Energy Inc)
Participation. If at any time So long as a holder has Registrable Securities, if the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously Registration Statement contemplated by Section 2.01(a) of this Agreement and Holders may be included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering Underwritten Offering without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 10.0 million of Common Share the then-outstanding Registrable Securities (calculated based on the Common Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (A) the Company Partnership shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 5.0 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price (based on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticeUnit Price), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (i) if no Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, the Partnership shall not be required to offer such opportunity to the Holders or (ii) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed indicated on Schedule B A hereto as having opted out shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.
Appears in 1 contract
Sources: Registration Rights Agreement (Inergy Midstream, L.P.)
Participation. If Except as provided in Section 2.02(b), if at any time during the Company Effectiveness Period, Ring Energy proposes to file (i) a shelf registration statement other than the Shelf Registration Statement (in which event Ring Energy covenants and agrees to include thereon a description of the transaction under which the Holders acquired the Registrable Securities), (ii) a prospectus supplement to an effective shelf registration statement, other than a the Shelf Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (iiiii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is other than a WKSI at such time orshelf registration statement, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement case of each of clause (i), (ii) or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case(iii), for the sale of shares of Common Stock by Other Holders in an Underwritten OfferingOffering or Overnight Underwritten Offering for its own account and/or the account of another Person, then the Company shall give as soon as practicable but not less than four ten Business Days (4or two Business Days in the case of an Overnight Underwritten Offering) Business Days’ 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 electronic mail) (the “Piggyback Notice”email) of such proposed Underwritten Offering (a “Piggyback Offering”) to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of shares of Common Share Registrable Securities Stock (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Ring Energy has been advised by the Managing Underwriter Underwriter(s) in writing that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Selling Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Selling Holders shall be determined based on the provisions of Section 2.02(b2.02(c). Each The notice required to be provided in this Section 2.02(a) to each Holder (the “Piggyback Notice Notice”) shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made3.01. Each such Holder will shall then have four (4) five Business Days (or two (2) Business Days in connection with any overnight or bought the case of an Overnight Underwritten Offering) after such the date on which the Holders received the Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringsuch period, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Board shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Ring Energy may, at its election, give written notice of such determination to the Selling Holders and, and (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such any Underwritten Offering, Overnight Underwritten Offering or Piggyback Offering by giving written notice to the Company Ring Energy of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Notwithstanding the foregoing, any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Ring Energy requesting that such Holder not receive notice from the Company Ring Energy of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked)Holder, the Company Ring Energy shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 1 contract
Participation. If at In the event those Registrable Securities that are LP Units may not be disposed of without restriction pursuant to any time section of Rule 144 (or any similar provision then in effect) under the Company Securities Act, if the Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01(a) of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares LP Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 10.0 million of Common Share the then-outstanding Registrable Securities that are LP Units (based on the LP Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities that are LP Units (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share such Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock LP Units in such the Underwritten Offering, then (A) the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities that are LP Units can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share such Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share those Registrable Securities that are LP Units in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed 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 (Buckeye Partners, L.P.)
Participation. If the Company at any time the Company proposes to file qualify any of its Equity Securities for distribution for its own account (or the account of any third party that is not a Shareholder Party) under applicable Canadian Securities Laws in any province or territory of Canada by way of a Canadian Preliminary Prospectus, Canadian Prospectus or to otherwise conduct a Public Offering with respect to any offering of its equity securities for its own account or for the account of any other Person (other than (i) a Registration Statement (other than a Registration Statement contemplated by under Section 2.01(a)) on behalf of any other Person who has 5.1 or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), Section 5.2 or (ii) a prospectus supplement Registration of securities solely relating to the an offering and sale to officers, employees, Directors or consultants of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or its Subsidiaries pursuant to any employee stock plan or other employee benefit plan arrangement), then, as soon as practicable (but in no event less than ten (10) Trading Days (or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statementcase of a Bought Deal, or in any case in which Holders may participate in such offering without two (2) Trading Days) prior to the proposed date of filing of a post-effective amendmentthe Canadian Preliminary Prospectus or Canadian Shelf Supplement in respect of such offering), in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offering, then the Company shall give not less than four (4) Business Days’ written notice (including, but not limited to, notification by electronic mail) (the a “Piggyback Notice”) of such proposed Underwritten filing or Public Offering to each Holder thatall Shareholder Parties, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice shall offer such Holder each Shareholder Party beneficially owning, in the aggregate, at least five percent (5%) of the then issued and outstanding Limited Voting Shares (each, an “Eligible Piggyback Party”) the opportunity to register under any applicable Canadian Prospectus, or to include in such Underwritten Offering for Other Holders Public Offering, such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder Eligible Piggyback Party may request in writing (a “Piggyback Registration”). Subject to Section 5.3(b), the Company shall include in such Canadian Preliminary Prospectus or Canadian Prospectus or in such Public Offering, as applicable, all such Registrable Securities that are requested to be included therein within five (5) Trading Days (or, in the case of a Bought Deal, twenty-four (24) hours) after the receipt by each such Eligible Piggyback Party of any such notice; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders register or sell any securities and prior to the pricing filing of a Canadian Prospectus in connection with such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementRegistration, the Company maydetermines for any reason not to register or sell or to delay the Registration or sale of such securities, at its election, the Company shall give written notice of such determination to the Selling Holders each Shareholder Party and, thereupon, (1i) in the case of a termination of such Underwritten Offeringdetermination not to register or sell, shall be relieved of its obligation to register or sell any Included Registrable Securities in connection with such terminated Underwritten OfferingRegistration or Public Offering (but not from its obligation to pay the Registration Expenses in connection therewith), without prejudice, however, to the rights of any Shareholder Parties entitled to request that such Registration or sale be effected as a Demand Registration under Section 5.1 (including pursuant to Section 5.2) and (2ii) in the case of a determination to delay such Underwritten OfferingRegistration or sale, in the absence of a request for a Demand Registration shall be permitted to delay offering registering or selling any Included Registrable Securities Securities, for the same period as the delay in the Underwritten Offeringregistering or selling such other securities. Any Selling Holder Eligible Piggyback Party shall have the right to withdraw such Selling Holder’s all or part of its request for inclusion of such Selling Holder’s Common Share its Registrable Securities in such Underwritten Offering a Piggyback Registration by giving written notice to the Company of such withdrawal at least one (1) Business Day prior its request to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofwithdraw.
Appears in 1 contract
Sources: Investor Rights Agreement (Concordia International Corp.)
Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock Units by any Other Holders to an effective registration statement, so long as the Company Partnership is a WKSI at such time or, whether or not the Company Partnership is a WKSI, so long as the Common Share Unit Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock Units by Other Holders in an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 25 million of Common Share Unit Registrable Securities and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Unit Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 25 million of Common Share Unit Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Unit Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock Units for the ten (10) 10 trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Unit Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then the amount of Common Share Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company Partnership or (y) the Holders have received notice from the Company Partnership that such proposed Underwritten Offering has been abandoned, which the Company Partnership shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company Partnership the inclusion of Common Share Unit Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company Partnership within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.,
Appears in 1 contract
Sources: Convertible Preferred Unit Purchase Agreement (EQM Midstream Partners, LP)
Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person Persons, other than Anadarko Petroleum Corporation and its Affiliates (collectively, “APC”), who has have or has have been granted registration rights related to an Underwritten Offering (the “Other HolderHolders”), ) or (ii) following the Series A Conversion Date, a prospectus supplement relating to the sale of shares of Common Stock Units by any Other Holders to an effective “automatic” registration statement, so long as the Company Partnership is a WKSI at such time or, whether or not the Company Partnership is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock Units by Other Holders in an Underwritten OfferingOffering (including an Underwritten Offering undertaken pursuant to Section 2.03), then the Company Partnership shall give not less than four (4) three Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least ) owning more than $15 50 million of Common Share Registrable Securities Securities, calculated on the basis of the Purchased Unit Price (the “Tag-Along Holders”), and such Piggyback Notice shall offer such Tag-Along Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Tag-Along Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such Tag-Along Holders if the Tag-Along Holders, together with their Affiliates, do not offer a minimum of $15 25 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange NYSE for the shares of Common Stock Units for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Tag-Along Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Tag-Along Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Tag-Along Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Tag-Along Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Tag-Along Holders until either (x) such proposed Underwritten Offering has been is (x) publicly announced by the Company or (y) the Holders have such Tag-Along Holder received notice from the Company that such proposed Underwritten Offering has been abandoned, which such abandonment notice shall be provided promptly by the Company shall provide Partnership to each Tag-Along Holder but no later than 14 days after delivery of the Holders reasonably promptly after the final decision Piggyback Notice to abandon a proposed Underwritten Offering has been madeTag-Along Holders. Each such Tag-Along Holder will have four (4) two Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Tag-Along Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Tag-Along Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten OfferingOffering for the Other Holders, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten OfferingOffering for Other Holders. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 1 contract
Sources: Registration Rights Agreement (Western Gas Partners LP)
Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person Persons who has have or has have been granted registration rights related to an Underwritten Offering (the “Other HolderHolders”), ) or (ii) following the Series B Conversion Date, a prospectus supplement relating to the sale of shares of Common Stock Units by any Other Holders to an effective “automatic” registration statement, so long as the Company Partnership is a WKSI at such time or, whether or not the Company Partnership is a WKSI, so long as the Common Share Conversion Unit Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock Units by Other Holders in an Underwritten OfferingOffering (including an Underwritten Offering undertaken pursuant to Section 2.03), then the Company Partnership shall give not less than four (4) three Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least ) owning more than $15 25 million of Common Share Conversion Unit Registrable Securities Securities, calculated on the basis of the Preferred Unit Price, and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Conversion Unit Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 25 million of Common Share Conversion Unit Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Conversion Unit Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock Units for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Conversion Unit Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then the amount of Common Share Conversion Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company Partnership or (y) the Holders have received notice from the Company Partnership that such proposed Underwritten Offering has been abandoned, which the Company Partnership shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) two Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Conversion Unit Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten OfferingOffering for Other Holders, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten OfferingOffering for Other Holders. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Conversion Unit Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 1 contract
Sources: Series B Preferred Unit Purchase Agreement (Black Stone Minerals, L.P.)
Participation. If at any time the Company Contango proposes to file (i) at a Registration Statement (other than time when Contango is not a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.01(a)2.1(a) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)this Agreement that is currently effective, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as the Company Contango is a WKSI at such time or, whether or not the Company Contango is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Shelf Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten OfferingOffering for its own account and/or another Person, other than (a) a registration relating solely to employee benefit plans, (b) a registration relating solely to a Rule 145 transaction, or (c) a registration statement on any registration form which does not permit secondary sales, then the Company Contango shall give not less than four (4) three Business Days’ Days advance notice (including, but not limited to, notification by electronic e-mail) (the ; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least more than $15 2.5 million of Common Share Registrable Securities Securities, and such Piggyback Notice notice shall offer such Holder the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Contango (A) shall not be required to offer include the Registrable Securities of the Holders in such opportunity (A) to such Holders Registration if the Holders, together with their Affiliates, Holders do not offer a minimum of $15 2.5 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Contango has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an material and adverse effect on the offering price, timing or probability of success of the distribution of the shares of Common Stock in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b2.2(b). If Contango is not required to offer the opportunity for a Piggyback Registration in respect of a proposed Underwritten Offering as a result of the circumstance described in clause (B) of the proviso of the immediately preceding sentence, then Contango shall nevertheless be required to furnish to such Holders the Piggyback Notice in respect of such proposed Underwritten Offering, which notice shall describe Contango’s intention to conduct an Underwritten Offering and, if the determination described in clause (B) of the proviso of the immediately preceding sentence has been made at the time that the Piggyback Notice is required to be given by Contango, shall include notification that the Holders do not have the opportunity to include Registrable Securities in such Underwritten Offering because Contango has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have a material and adverse effect on the offering price, timing or probability of success of the distribution of the Common Stock in the Underwritten Offering. If the circumstance described in clause (B) of the proviso of the preceding sentence is made after the Piggyback Notice has been given, then Contango shall notify the Holders who were provided such Piggyback Notice (or if the two Business Day period referred to in the next sentence has lapsed, the Holders who have timely elected to include Registrable Securities in such offering) in writing of such circumstance and the aggregate number of Registrable Securities, if any, that can be included in such offering. Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 3.1 hereof and confirmation of receipt of such notice shall be confirmed and kept confidential by requested in the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madenotice. Each such The Holder will have four (4) two Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten OfferingPiggyback Registration. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Contango shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Contango may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Contango of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Contango requesting that such Holder not receive notice from the Company Contango of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Contango shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by Contango pursuant to this Section 2.02(a2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 1 contract
Sources: Registration Rights Agreement (Contango Oil & Gas Co)
Participation. If at any time the Company Contango proposes to file (i) at a Registration Statement (other than time when Contango is not a WKSI, a registration statement and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.01(a)2.1(a) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)this Agreement that is currently effective, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective “automatic shelf registration statement” (as defined in Rule 405 under the Securities Act), so long as the Company Contango is a WKSI at such time or, whether or not the Company Contango is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Shelf Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten OfferingOffering for its own account and/or another Person, other than (a) a registration relating solely to employee benefit plans, (b) a registration relating solely to a Rule 145 transaction, or (c) a registration statement on any registration form which does not permit secondary sales, then the Company Contango shall give not less than four three (43) Business Days’ Days advance notice (including, but not limited to, notification by electronic e-mail) (the ; such notice, a “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least more than $15 2.5 million of Common Share Registrable Securities Securities, and such Piggyback Notice notice shall offer such Holder the opportunity to participate in any Underwritten Offering and to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Contango (A) shall not be required to offer include the Registrable Securities of the Holders in such opportunity (A) to such Holders Registration if the Holders, together with their Affiliates, Holders do not offer a minimum of $15 2.5 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Contango has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an material and adverse effect on the offering price, timing or probability of success of the distribution of the shares of Common Stock in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b2.2(b). If Contango is not required to offer the opportunity for a Piggyback Registration in respect of a proposed Underwritten Offering as a result of the circumstance described in clause (B) of the proviso of the immediately preceding sentence, then Contango shall nevertheless be required to furnish to such Holders the Piggyback Notice in respect of such proposed Underwritten Offering, which notice shall describe Contango’s intention to conduct an Underwritten Offering and, if the determination described in clause (B) of the proviso of the immediately preceding sentence has been made at the time that the Piggyback Notice is required to be given by Contango, shall include notification that the Holders do not have the opportunity to include Registrable Securities in such Underwritten Offering because Contango has been advised by the Managing Underwriter that the inclusion of Registrable Securities for sale for the benefit of the Holders will have a material and adverse effect on the offering price, timing or probability of success of the distribution of the Common Stock in the Underwritten Offering. If the circumstance described in clause (B) of the proviso of the preceding sentence is made after the Piggyback Notice has been given, then Contango shall notify the Holders who were provided such Piggyback Notice (or if the two Business Day period referred to in the next sentence has lapsed, the Holders who have timely elected to include Registrable Securities in such offering) in writing of such circumstance and the aggregate number of Registrable Securities, if any, that can be included in such offering. Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 3.1 hereof and confirmation of receipt of such notice shall be confirmed and kept confidential by requested in the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madenotice. Each such The Holder will have four (4) two Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten OfferingPiggyback Registration. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Contango shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Contango may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Contango of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Contango requesting that such Holder not receive notice from the Company Contango of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Contango shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by Contango pursuant to this Section 2.02(a2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 1 contract
Participation. If at any time So long as a Holder has Registrable Securities, if the Company Partnership proposes to file file, whether for its own account or for the account of the Holders: (i1) a Registration Statement shelf registration statement (other than a the Shelf Registration Statement contemplated by Section 2.01(a2.01) or (2) a registration statement other than a shelf registration statement (other than a registration statement on Form S-4 or S-8 or any successor forms thereto) including a registration statement for a Secondary Offering or a Primary Offering as contemplated by Section 2.02(a) or Section 2.02(b), respectively, (each of (1) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering and (the 2), a “Other HolderPiggyback Registration”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ prompt written notice (including, but not limited to, notification by electronic mail) (the a “Piggyback Notice”) of such proposed Underwritten Offering (including notice by electronic mail) to each Holder that, together with its Affiliates, owns holding at least $15 5.0 million of Common Share the then-outstanding Registrable Securities (based on the last sales price of the Common Units as of the trading date prior to the time of such registration) regarding such proposed registration, and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders Piggyback Registration: (x) such number of Common Share Registrable Securities as each such Holder may request, or (the “Included y) a number of Primary Units in order to effect a Redemption of Registrable Securities”) Securities as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b)request. Each Piggyback Notice shall specify, at a minimum, the number and type of securities proposed to be provided to Holders on a Business Day pursuant to Section 3.01 and receipt registered, the proposed date of filing of such notice shall be confirmed Piggyback Registration with the Commission, the proposed means of distribution, the proposed Managing Underwriter or underwriters (if any and kept confidential if known) and a good faith estimate by the Holders until either (x) Partnership of the proposed minimum offering price of such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madesecurities. Each such Holder will have four shall make such request in writing to the Partnership (4including by electronic mail) Business Days within five (5) business days (or two one (21) Business Days business day in connection with any overnight or bought Underwritten Offering) after the receipt of any such Piggyback Notice has been delivered Notice, which request shall specify the number of Registrable Securities intended to request in writing be disposed of by such Holder or the number of Registrable Securities such Holder intends to have redeemed by the Partnership, and, subject to the Company terms and conditions of this Agreement, the inclusion of Common Share Partnership shall use its reasonable best efforts to include in such Piggyback Registration all Registrable Securities in held by such Holders and/or a number Primary Units required to effect a Redemption of the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringrequested by such Holders; provided, such Holder shall have no further right to participate in such Underwritten Offering. Ifthat if, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders register equity securities and prior to the pricing effective date of the registration statement filed in connection with such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreementregistration, the Company Partnership shall determine for any reason not to register such equity securities, the Partnership may, at its election, give written notice of such determination within five business days thereof to the Selling Holders each Holder of Registrable Securities and, (1) in the case of a termination of such Underwritten Offeringthereupon, shall not be relieved of its obligation obligated to sell register any Included Registrable Securities or Primary Units in connection with such terminated Underwritten Offeringregistration (but shall nevertheless pay the Registration Expenses in connection therewith), and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; providedwithout prejudice, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), to the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as rights of the date hereofHolders of Registrable Securities that a registration be effected under Section 2.01 or Section 2.02.
Appears in 1 contract
Sources: Registration Rights Agreement (Emerge Energy Services LP)
Participation. If at any time So long as a Holder has Registrable Securities, if, (i) prior to the Company expiration of the Lock-Up Period, the Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf registration statement for the sale of any other Person who has or has been granted registration rights related to Common Units in an Underwritten Offering (the “Other Holder”), for its own account or (ii) at any time, the Partnership proposes to file a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, statement for the sale of shares of Common Stock Units held by Other Holders in an Underwritten Offeringa Person other than the Partnership, then as soon as practicable following the Company 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 four (4) Business Days’ notice (for the avoidance of doubt, including, but not limited to, notification by electronic mail) (of the “Piggyback Notice”) filing of such proposed Underwritten Offering registration statement to each Holder that, that (together with its Affiliates, owns ) holds at least $15 million of Common Share Registrable Securities the Piggyback Threshold Amount, and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders or resale registration statement, as applicable, such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (A) the Company Partnership shall not be required to offer provide such opportunity to any such Holder that (A) to such Holders if the Holders, together with their its Affiliates, do ) does not offer a minimum of $15 million of Common Share Registrable Securitiesthe Piggyback Threshold Amount, 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 in the case of an Underwritten Offering on behalf of the Partnership, if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (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 Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b2.04(b). Each Piggyback Notice Any notice required to be provided in this Section 2.04(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) two Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringon such resale registration statement, such Holder shall have no further right to participate in such Underwritten Offeringas applicable. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders or file a resale registration statement and prior to the pricing closing of such Underwritten OfferingOffering or effectiveness of such resale registration statement, respectively, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreementresale registration statement, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten 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 (2) 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 Common Share Registrable Securities in such Underwritten Offering or resale registration statement by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten OfferingOffering or effectiveness of such resale registration statement, respectively. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other Holdersor 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), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) 2.04(a), and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders or resale registration statements by the Partnership pursuant to this Section 2.02(a2.04(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 1 contract
Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person Persons who has have or has have been granted registration rights related to an Underwritten Offering (the “Other HolderHolders”), ) or (ii) following the Series A Conversion Date, a prospectus supplement relating to the sale of shares of Common Stock Units by any Other Holders to an effective “automatic” registration statement, so long as the Company Partnership is a WKSI at such time or, whether or not the Company Partnership is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock Units by Other Holders in an Underwritten OfferingOffering (including an Underwritten Offering undertaken pursuant to Section 2.03), then the Company Partnership shall give not less than four (4) three Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least ) owning more than $15 100 million of Common Share Registrable Securities Units, calculated on the basis of the Purchased Unit Price, and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 50 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange NYSE for the shares of Common Stock Units for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made3.01. Each such Holder will have four (4) two Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten OfferingOffering for Other Holders, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten OfferingOffering for Other Holders. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 1 contract
Sources: Registration Rights Agreement (Plains All American Pipeline Lp)
Participation. If at any time the Company proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a2.1(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective “automatic” registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, other than (a) a registration relating solely to employee benefit plans, (b) a registration relating solely to a Rule 145 transaction, or (c) a registration on any registration form which does not permit secondary sales, then the Company shall give not less than four three (43) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least ) owning more than $15 75 million of Common Share Registrable Securities Units, calculated on the basis of the Unit Price, and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (Aaa) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 37.5 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange NYSE for the shares of Common Stock Units for the ten (10) 10 trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (Bbb) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing timing, or distribution of the shares of Common Stock Units in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b2.2(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made3.1. Each such Holder will have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1AA) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2BB) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Company pursuant to this Section 2.02(a2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 1 contract
Sources: Registration Rights Agreement (EnLink Midstream, LLC)
Participation. If at any time prior to the Company third anniversary of the Series A Conversion Date and any Registrable Securities are then outstanding, Matador proposes to file (i) at a Registration Statement (other than time when Matador is not a WKSI, a registration statement, and such Holder has not previously included its Registrable Securities in a Shelf Registration Statement contemplated by Section 2.01(a)2.1(a) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)this Agreement that is currently effective, or (ii) following the Series A Conversion Date, a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective “automatic” registration statement, so long as the Company Matador is a WKSI at such time or, whether or not the Company Matador is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Shelf Registration Statement or are included on an effective Shelf Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares Common Shares in an Underwritten Offering for its own account and/or the account of Common Stock by Other Holders another Person, then, as soon as practicable, but in any event not more than five Business Days, following the engagement of a Managing Underwriter for an Underwritten Offering, then the Company Matador shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder thatthe Holders, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Matador shall not be required to offer such opportunity (A) to such include the Registrable Securities of Holders if the Holders, together with their Affiliates, Holders do not offer a minimum of $15 5.0 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange NYSE for the shares of Common Stock Shares for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B. The notice required to be provided in this Section 2.2(a) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 3.1 hereof and confirmation of receipt of such notice shall be confirmed and kept confidential by requested in the notice. The Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders shall then have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten OfferingPiggyback Registration. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Matador shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Matador may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder 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 Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Matador of such withdrawal at least one (1) Business Day prior to the time public announcement of pricing of such the Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) , after which time such Selling Holders shall have no right to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofwithdraw 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 during the Company Effectiveness Period, the Partnership proposes to file (i) a Registration Statement shelf registration statement (in which shelf registration statement the Partnership covenants and agrees to include thereon a description of the transaction under which the Purchasers acquired the Registrable Securities) other than a the Shelf Registration Statement contemplated by Section 2.01(a)) on behalf of any this Agreement and other Person who has or has been granted registration rights related to than an Underwritten Offering (the “Other Holder”)Automatic Shelf Registration Statement, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Shelf Registration Statement or are contemplated by Section 2.01(a) of this Agreement and other than, for the avoidance of doubt, the Partnership’s shelf registration statement filed on January 8, 2015, and Holders could be included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentamendment thereto (other than a post-effective amendment that is immediately effective), or (iii) a registration statement, other than a shelf registration statement, in the case of each caseof clause (i), (ii) or (iii), for the sale of shares of Common Stock by Other Holders Units in an Underwritten Offering or Overnight Underwritten Offering for its own account and/or another Person, then as soon as practicable but not less than ten Business Days (or one Business Day in the case of an Overnight Underwritten Offering) prior to the filing of (A) any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (B) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (C) such registration statement (other than a Shelf Registration Statement), as the case may be (an “Underwritten Offering Filing”), then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering (a “Piggyback Offering”) to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of the Common Share Unit Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter Underwriter, and the Partnership has advised the Selling Holders in writing, that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Selling Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Selling Holders shall be determined based on the provisions of Section 2.02(b)2.02(c) of this Agreement. Each The notice required to be provided in this Section 2.02(a) to each Holder (the “Piggyback Notice Notice”) shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madehereof. Each such Holder will shall then have four (4) five Business Days (or two (2) one Business Days Day in connection with any overnight or bought the case of an Overnight Underwritten Offering) after such the date on which the Holders received the Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringsuch period, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Board of Directors of the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Notwithstanding the foregoing, any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 1 contract
Sources: Registration Rights Agreement (Breitburn Energy Partners LP)
Participation. If at any time the Company proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), ) or (ii) a prospectus supplement relating to the sale of shares of Company Common Stock by any Other Holders pursuant to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Company Common Stock by the Company and/or Other Holders in an Underwritten Offering, then the Company shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Company Common Stock for the ten (10) 10 trading days preceding the date of such noticePiggyback Notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter in writing that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Company Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice Piggyback Notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a such proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in any Underwritten Offerings Offering for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 1 contract
Participation. If at any time on or after January 1, 2019 and except in connection with the Company exercise of a demand registration pursuant to Section 2.03 prior to December 31, 2023, the Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)Offering, or (ii) a prospectus supplement relating including pursuant to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten OfferingSection 2.03, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, including notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the BlackRock Purchaser and such Piggyback Notice shall offer such Holder the BlackRock Purchaser (on behalf of itself and as representative of the other Holders ) the opportunity to include in such Underwritten Offering for Other Holders such up to one-third (including the securities being registered pursuant to Section 2.03) of aggregate number of Common Share 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 such Holder the BlackRock Purchaser may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the HoldersBlackRock Purchaser, together with their Affiliatesthe other Holders, do not offer a minimum of $15 50 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Unit Registrable Securities owned by the average of the closing price on the National Securities Exchange Average VWAP for the shares of Common Stock for the ten (10) trading days 10 Trading Days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, ) or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of the BlackRock Purchaser and such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then in which case the amount of Common Share Registrable Securities to be offered for the accounts of the BlackRock Purchaser and all other Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders the BlackRock Purchaser on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the BlackRock 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 Company Partnership or (y) the Holders have BlackRock Purchaser has received notice from the Company Partnership that such proposed Underwritten Offering has been abandoned, which the Company Partnership shall provide to the Holders BlackRock Purchaser reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder The BlackRock Purchaser will have four (4) two Business Days (or two (2) one Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing (on behalf of itself and/or the Holders) to the Company Partnership for the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder the BlackRock Purchaser is received by the Company Partnership within the specified time or if a Holder states in its response to time, neither the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such BlackRock Purchaser nor any Holder shall have no any further right to participate in such Underwritten Offering. If, at any time after giving written notice of the CompanyPartnership’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company 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, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any 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 Common Share Registrable Securities Securities, in whole or in part (subject to the other provisions of this Agreement) in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) two Business Day Days prior to the time of pricing of such Underwritten Offering. Any Holder The BlackRock Purchaser may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder the BlackRock Purchaser not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; 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), the Company Partnership shall not be required to deliver any notice to such Holder the BlackRock Purchaser pursuant to this Section 2.02(a) and such Holder the BlackRock Purchaser and the Holders shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is subsequently revoked by such Holderthe 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 listed on Schedule B ) will have the right to withdraw from such Underwritten 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 each be deemed have the right to have delivered a Piggyback Opt-Out Notice as of the date hereofrequest under this Section 2.02(a).
Appears in 1 contract
Sources: Series a Preferred Unit Purchase Agreement (NextEra Energy Partners, LP)
Participation. If at any time the Company proposes to file (i) a Registration Statement registration statement under the Securities Act providing for the public offering of Common Stock, for its own account or for the account of a selling shareholder, 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 (other than or any successor forms thereto), a Registration Statement contemplated by Section 2.01(a)) on behalf registration statement for the sale of Common Stock issued upon conversion of debt securities or any other Person who has or has been granted registration rights related form not available for registering the Registrable Securities for sale to an Underwritten Offering (the “Other Holder”)public, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statementShelf Registration Statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective 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 shares case with respect to an Underwritten Offering of Common Stock by Other Holders in an Underwritten OfferingStock, then the Company shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to will notify each Holder that, together that beneficially owns Registrable Securities with its Affiliates, owns a market value of at least $15 20 million of Common Share Registrable Securities the proposed filing and such Piggyback Notice shall offer afford such Holder the an opportunity to include in such Underwritten Offering for Other Holders such number all or any part of Common Share the Registrable Securities then held by such Holder (the “Included Registrable Securities”) as that may properly be offered on such Holder may request in writing registration statement (a “Piggyback Registration”); provided, however, . Each Holder of Registrable Securities agrees that the Company fact that such a notice has been delivered shall constitute confidential information and such Holder agrees not be required to offer disclose that such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares notice has been delivered or effect any public sale or distribution of Common Stock for until the ten earlier of (10i) trading the date that the applicable registration statement or prospectus supplement has been filed with the Commission and (ii) 20 days preceding after the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice such notice shall be provided to such Holders of Registrable Securities on a Business Day pursuant to Section 3.01 3.2 and confirmation of receipt of such notice shall be confirmed and kept confidential requested in the notice. Each eligible Holder desiring to include in such Piggyback Registration all or part of such Registrable Securities held by such Holder that may be included in such Piggyback Registration shall, within three Business Days after receipt of the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received above-described notice from the Company that such proposed Underwritten Offering has been abandoned, which in the case of a filing of a registration statement and within two Business Days after the day of receipt of the above-described notice from the Company in the case of a filing of a prospectus supplement to an effective Shelf Registration Statement with respect to a Piggyback Registration, so notify the Company in writing, and in such notice shall provide to inform the Holders reasonably promptly after Company of the final decision to abandon a proposed Underwritten Offering has been made. Each number of shares of Registrable Securities such Holder will have four (4) Business Days (or two (2) Business Days wishes to include in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to Registration and provide the Company the inclusion of Common Share Registrable Securities with such information with respect to such Holder as shall be reasonably necessary in the Underwritten Offering for Other Holdersorder to assure compliance with federal and applicable state securities Laws. If no request for inclusion from a Holder is received by the Company within the time period specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringthis 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 eligible 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 the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, and (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Company pursuant to this Section 2.02(a2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 1 contract
Sources: Registration Rights Agreement (Expro Group Holdings N.V.)
Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (other than a shelf Registration Statement contemplated by Section 2.01(a)Statement) relating to the sale of Common Units in an Underwritten Offering on its own behalf or on behalf of any other Person Persons who has have or has have been granted registration rights related to an Underwritten Offering (the “Other HolderHolders”), ) or (iii) a prospectus supplement relating to the sale of shares of Common Stock Units in an Underwritten Offering by the Partnership or any Other Holders Holder pursuant to an effective “automatic” registration statement, so long as the Company Partnership is a WKSI at such time or, whether or not the Company Partnership is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offering, then the Company Partnership shall give not less than four (4) five Business Days’ notice (including, but not limited to, including notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least $15 million of Common Share ) owning Registrable Securities and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Unit Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 10 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange Average VWAP for the shares of Common Stock for the ten (10) trading days 10 Trading Days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or or, (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then in which case, the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b); provided further that the Partnership shall not permit any Other Holder to participate in any public offering of Common Units unless the Partnership complies with the terms of this Section 2.02. Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company Partnership or (y) the Holders have received notice from the Company Partnership that such proposed Underwritten Offering has been abandoned, which the Company Partnership shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made; provided that if the Underwritten Offering contemplated by a Piggyback Notice is not consummated within 60 days of such notice, the Partnership shall be required to deliver an additional Piggyback Notice before recommencing such Piggyback Registration. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such a Piggyback Notice has been delivered to request in writing to the Company Partnership the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company Partnership within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the CompanyPartnership’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreementdelayed, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.such
Appears in 1 contract
Sources: Registration Rights Agreement (Natural Resource Partners Lp)
Participation. If at any time So long as a Holder has Registrable Securities, if the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement, other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement to an effective shelf registration statement relating to the sale of shares equity securities of Common Stock by any Other Holders to an effective registration statementthe Partnership, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statementcontemplated by Section 2.01(a), or in any case in which and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten Offering for its own account or that of another Person, or both, then promptly following the selection of the Managing Underwriter for such Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 million the Piggyback Threshold Amount of Common Share the then-outstanding Registrable Securities (calculated based on the Unit Purchase Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (A) the Company Partnership shall not be required to offer provide such opportunity (A) to such if, in the aggregate, the Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million the Piggyback Threshold Amount of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price (based on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticeUnit Purchase Price), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares Common Units in the Underwritten Offering, then (x) if, in the opinion of Common Stock the Managing Underwriter, no Registrable Securities can be included in the Underwritten Offering, the Partnership shall not be required to offer such opportunity to the Holders or (y) if, in the opinion of the Managing Underwriter, any Registrable Securities can be included in the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) three Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering. If a Holder’s written request for inclusion is not received within the specified time, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason to delay or not to undertake such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities as part of such Underwritten Offering for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such ACTIVE 226509354 Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writingOffering. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked)Holder, the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 1 contract
Sources: Class B Convertible Preferred Unit Purchase Agreement (Mid-Con Energy Partners, LP)
Participation. If at any time the Company ONEOK proposes to file (i) at a time when ONEOK is not a WKSI, a Registration Statement (other than and such Holder has not previously included its Registrable Securities in a Registration Statement contemplated by Section 2.01(a)2.1(a) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)this Agreement that is currently effective, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective “automatic” registration statement, so long as the Company ONEOK is a WKSI at such time or, whether or not the Company ONEOK is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of ONEOK Common Stock by Other Holders in an Underwritten OfferingOffering for its own account and/or another Person, other than (A) a registration relating solely to employee benefit plans, (B) a registration relating solely to a Rule 145 transaction, or (C) a registration on any registration statement form which does not permit secondary sales, then the Company ONEOK shall give not less than four three (43) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least ) owning more than $15 million 35,000,000 of Common Share Registrable Securities (calculated in accordance with Section 3.5), and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company ONEOK shall not be required to offer such opportunity (Aaa) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million 50,000,000 of Common Share Registrable SecuritiesSecurities (calculated in accordance with Section 3.5), in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliatesaggregate, or (Bbb) to such Holders if and to the extent that the Company ONEOK has been advised by the Managing Underwriter Underwriter(s) that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of ONEOK Common Stock in such Underwritten OfferingOffering or the market for the ONEOK Common Stock, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b2.2(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made3.1. Each such Holder will have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, ONEOK shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company ONEOK may, at its election, give written notice of such determination to the Selling Holders and, (1AA) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2BB) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company ONEOK of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company ONEOK requesting that such Holder not receive notice from the Company ONEOK of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company ONEOK shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a2.2(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by ONEOK pursuant to this Section 2.02(a2.2(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered By execution of this Agreement, Holder hereby delivers a Piggyback Opt-Out Notice as of the date hereofwhich shall continue to exist unless later revoked by such Holder in writing.
Appears in 1 contract
Participation. If at any time (i) on or after [January 1, 2026], and (ii) except in connection with the Company exercise of a demand registration pursuant to Section 2.03, prior to [December 31, 2031], (x) the Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (iiy) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statementstatement of the Partnership, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offeringincluding pursuant to Section 2.03, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, including notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder thatInvestor, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice shall offer such Holder Investor (on behalf of and as representative of each Holder) the opportunity to include in such Underwritten Offering for Other Holders such a number of Common Share Registrable Securities (including the securities being registered pursuant to Section 2.03) (the “Included Registrable Securities”); provided, however, that the aggregate amount of Registrable Securities that may be included in Underwritten Offerings pursuant to piggyback registration rights exercised in any twelve month period pursuant to this Section 2.02 shall not exceed one fourth of the aggregate number of Registrable Securities that is the sum of: (A) a number of Registrable Securities that would be outstanding if the NEP Member exercised its Call Option for all outstanding Class B Units 881162.02-WILSR01A - MSW in full on the date of the Piggyback Notice (assuming the Class B Purchasers requested pursuant to Section 7.02(b) of the Company LLC Agreement to receive Common Units with respect to such Call Option) equal to (x) the product of the Call Option Purchase Price with respect to all then outstanding Class B Units and (y) 0.70, divided by the 10-day VWAP average on the date of the Piggyback Notice and (B) the number of Registrable Securities that would be outstanding as of the date of the Piggyback Notice if all of the Non-Voting NEP Common Units issued on such Holder date were converted on such date into Common Units, (or such larger number of Registrable Securities, to the extent consented to by the Partnership in its sole and absolute discretion) (the “Maximum Number”), as Investor may request in writing (a “Piggyback Registration”); provided, however, provided further that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Investor (on behalf of all Holders, together with their Affiliates, do ) does not offer request registration of a minimum of $15 50 million of Common Share Registrable Securities, Securities in the aggregate (determined by multiplying the number of Common Share Included Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock Average VWAP for the ten (10) trading days Trading Days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, Piggyback Notice) or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Class B Purchasers and the other Holders will have an a materially adverse effect on the price, timing timing, or distribution of the shares of Common Stock Units in such Underwritten Offering, then in which case the amount of Common Share Registrable Securities to be offered for the accounts of the Class B Purchasers and the other Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders Investor on a Business Day pursuant to Section 3.01 3.01, and receipt of such notice shall be confirmed and kept confidential by the Class B Purchasers and the other Holders (and neither the Class B Purchasers nor any other Holder receiving such notice shall purchase or sell Common Units) (provided that any Holder may provide such notice to its personnel, advisors, and other representatives on a confidential basis) until either (x) such proposed Underwritten Offering has been publicly announced by the Company Partnership or (y) the Holders have Investor has received notice from the Company Partnership that such proposed Underwritten Offering has been abandoned, which the Company Partnership shall provide to the Holders Investor reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder Investor will have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to (on behalf of all Holders) that the Company the inclusion Partnership include a number of Common Share Registrable Securities in the Underwritten Offering for Other Holdersup to the Maximum Number. If no request for inclusion from a Holder Investor is received by the Company Partnership within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such neither Investor nor any Holder shall have no any further right to participate in such Underwritten Offering. If, at any time after giving written notice of the CompanyPartnership’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, Partnership shall give written notice of such determination to the Selling Holders andInvestor (on behalf of all Holders), and (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Investor (on behalf of any Selling Holder Holder) shall have the right to withdraw such Selling Holder’s its request for inclusion of such Selling Holder’s Common Share Registrable Securities Securities, in whole or in part (subject to the other provisions of this Agreement), in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one two (12) Business Day Days prior to the time of pricing of such Underwritten Offering. Any Holder Investor may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder Investor (on behalf of all Holders) not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder Investor may later revoke any such 881162.02-WILSR01A - MSW Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Investor or any Holder pursuant to this Section 2.02(a) ), and such Holder the Holders shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is subsequently revoked by Investor. Investor shall have the right (on behalf of all Holders) to exercise the piggyback registration rights set forth in this Section 2.02 up to four (4) times, but not more frequently than once in any six-month period; provided, however, that if the number of Included Registrable Securities included in the Underwritten Offering is reduced by fifty percent (50%) or more, Investor (on behalf of all Holders) will have the right to withdraw from such Holder. The Holders listed on Schedule B Underwritten Offering by delivering written notice to the Partnership at least two (2) Business Days prior to the time of pricing of such Underwritten Offering, and such exercise of piggyback registration rights will not decrease the number of piggyback registration rights that Investor shall each be deemed have the right to have delivered a Piggyback Opt-Out Notice as of the date hereofrequest under this Section 2.02(a).
Appears in 1 contract
Sources: Membership Interest Purchase Agreement (NextEra Energy Partners, LP)
Participation. If at any time the Company Atlas Energy proposes to file (i) a shelf registration statement other than the Registration Statement (other than in which event Atlas Energy covenants and agrees to include thereon a Registration Statement contemplated by Section 2.01(a)) on behalf description of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”transaction under which the Purchasers acquired the Registrable Securities), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01 of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each either case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, then the Company shall give as soon as practicable but not less than four three Business Days prior to the filing of (4x) Business Days’ 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 electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities Units (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Atlas Energy has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b)) of this Agreement. Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) three Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after receiving such Piggyback Notice has been delivered notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Atlas Energy shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Atlas Energy may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company Atlas Energy of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Each Holder’s rights under this Section 2.02(a) shall terminate when such Holder (together with any Affiliates of such Holder) holds less than $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 the Company Atlas Energy requesting that such Holder not receive notice from the Company Atlas Energy of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofnotice.
Appears in 1 contract
Sources: Class D Unit and Common Unit Purchase Agreement (Atlas Energy Resources, LLC)
Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person Holder, other than ▇▇▇▇▇▇▇▇ 66 or any of its Affiliates, who has or has been granted registration rights related to an Underwritten Offering undertaken pursuant to Section 2.03 (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock Units by any Other Holders to an effective “automatic” registration statement, so long as the Company Partnership is a WKSI at such time or, whether or not the Company Partnership is a WKSI, so long as the Common Share Unit Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock Units by Other Holders in an Underwritten OfferingOffering undertaken pursuant to Section 2.03, then the Company Partnership shall give not less than four (4) three Business Days’ notice (including, but not limited to, or two Business Days’ notice in connection with any overnight or bought Underwritten Offering) (including notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 20 million of Common Share Unit Registrable Securities (based on the Common Unit Price), and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 25 million of Common Share Unit Registrable SecuritiesSecurities (based on the Common Unit Price), in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliatesaggregate, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Unit Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then in which case the amount of Common Share Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company Partnership or (y) the Holders have received notice from the Company Partnership that such proposed Underwritten Offering has been abandoned, which the Company Partnership shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) three Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company Partnership the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company Partnership within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the CompanyPartnership’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Unit Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof. Each Holder’s rights under this Section 2.02(a) shall terminate upon such Holder (together with its Affiliates) ceasing to hold at least $20 million of Common Unit Registrable Securities (based on the Common Unit Price). Each Holder shall notify the Partnership in writing when such Holder (together with its Affiliates) holds less than $20 million of Common Unit Registrable Securities (based on the Common Unit Price).
Appears in 1 contract
Participation. If at any time So long as a Holder has Registrable Securities, if the Company proposes to file (i) a Registration Statement (shelf registration statement other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement to an effective shelf registration statement relating to the sale of shares equity securities of Common Stock by any Other Holders to an effective registration statement, so long as the Company is for its own account or that of another Person, or both, other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01(a) and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offering for its own account or that of another Person, or both, then promptly following the selection of the Managing Underwriter for such Underwritten Offering, then the Company shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 million the Piggyback Threshold Amount of Common Share the then-outstanding Registrable Securities (calculated based on the Common Stock Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (A) the Company shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 million the Piggyback Threshold Amount of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price (based on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticePrice), or such lesser amount if it constitutes the remaining holdings of the Holder such Holder, and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter advises the Company that in its good faith opinion the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such 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 Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) five Business Days (or two (2) three Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities as part of such Underwritten Offering for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Company pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 1 contract
Sources: Registration Rights Agreement (Ocwen Financial Corp)
Participation. If at any time after the Company Lock-Up Date the Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a the Shelf Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), 2.01 or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01 of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) at any time after the Lock-up Date and after the Registration Statement has been declared effective the Partnership proposes to file a registration statement, other than a shelf registration statement, in each either case, for the sale of shares Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable but not less than three Business Days following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (a) the Partnership shall not be required to offer such opportunity to the Holders or (b) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b); and, provided, further, that the Partnership shall not be obligated to include any Registrable Securities in any Underwitten Offering unless the Holders request inclusion of at least $10.0 million of Registrable Securities in the aggregate in such Underwritten Offering. Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offering. Any Notwithstanding the foregoing, any Holder holding $10.0 million or more of Restricted Units, based on the Unit Purchase Price, may deliver written notice (a an “Piggyback Opt-Opt Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, howeverthat, that such Holder may later revoke any such Piggyback Opt-Opt Out Notice in writingNotice. Following receipt of a Piggyback Opt-an Opt Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 1 contract
Participation. If at In the event the Registrable Securities may not be disposed of without restriction pursuant to any time section of Rule 144 (or any similar provision then in effect) under the Company Securities Act, if the Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01(a) of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns ) holding at least $15 30 million of Common Share the then-outstanding Registrable Securities (based on the Common Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed indicated on Schedule B A hereto shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.
Appears in 1 contract
Sources: Common Unit Purchase Agreement (Shell Midstream Partners, L.P.)
Participation. If (i) at any time after the Company Lock-up Date BreitBurn proposes to file (i) a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)2.1, or (ii) at any time after the Lock-up Date BreitBurn proposes to file a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each caseregistration statement, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or the account of another Person, then the Company shall give as soon as practicable but not less than four three Business Days prior to the filing of (4x) Business Days’ any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (y) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (z) such registration statement, as the case may be, then BreitBurn shall give notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company BreitBurn has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b)2.2(b) of this Agreement; provided, further, that BreitBurn shall not be obligated to include any Registrable Securities in any Underwritten Offering unless the Holders request inclusion of at least $10 million of Registrable Securities in the aggregate in such offering. Each Piggyback Notice The notice required to be provided in this Section 2.2(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 3.1 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) three Business Days (or two (2) Business Days after receiving such notice to request inclusion of Registrable Securities in connection with any overnight or bought the Underwritten Offering) , except that such Holder shall have one Business Day after such Piggyback Notice has been delivered Holder confirms receipt of the notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersin the case of a “bought deal” or “overnight transaction” where no preliminary prospectus is used. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, BreitBurn shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company BreitBurn may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company BreitBurn of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Each Holder’s rights under this Section 2.2(a) shall terminate when such Holder (together with any Affiliates or swap counterparties of such Holder) holds less than $20 million of Purchased Units, based on the Commitment Amounts. Notwithstanding the foregoing, any Holder may deliver written notice (a an “Piggyback Opt-Opt Out Notice”) to the Company BreitBurn requesting that such Holder not receive notice from the Company BreitBurn of any proposed Underwritten Offering for Other HoldersOffering; provided, however, provided that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofnotice.
Appears in 1 contract
Sources: Registration Rights Agreement (BreitBurn Energy Partners L.P.)
Participation. If at In the event the Registrable Securities may not be disposed of without restriction pursuant to any time section of Rule 144 (or any similar provision then in effect) under the Securities Act, if the Company proposes to file (i) a Registration Statement (prospectus supplement to an existing or future effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Shares in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Company to prepare the documents to be used in connection with an Underwritten Offering, then the Company shall give not less than four (4) Business Days’ notice (includingwhich may include, but not limited towithout limitation, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns holds in the aggregate at least $15 10.0 million of the then-outstanding Registrable Securities (based on the Common Share Registrable Securities Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (i) the Company shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 10.0 million of Registrable Securities (based on the Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticePrice), or such lesser amount (ii) if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Shares in such the Underwritten Offering, then (A) the Company shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madehereof. Each such Holder will described in the proviso of the immediately preceding sentence shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering. If no written request for inclusion from such a Holder is received within the specified time, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Company shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell include any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Company pursuant to this Section 2.02(a), unless such Piggyback . Each of the Holders on Schedule A hereto who has indicated it is delivering an Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.
Appears in 1 contract
Participation. If at In the event the Registrable Securities may not be disposed of without restriction pursuant to any time section of Rule 144 (or any similar provision then in effect) under the Company Securities Act, if the Partnership proposes to file (i) a Registration Statement (prospectus supplement to an existing or future effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (includingwhich may include, but not limited towithout limitation, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns holds in the aggregate at least $15 20.0 million of Common Share the then-outstanding Registrable Securities (based on the Common Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (i) the Company Partnership shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 20.0 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price (based on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticeUnit Price), or such lesser amount (ii) if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madehereof. Each such Holder will described in the proviso of the immediately preceding sentence shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering. If no written request for inclusion from such a Holder is received within the specified time, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell include any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback . Each of the Holders on Schedule A hereto who has indicated it is delivering an Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.
Appears in 1 contract
Sources: Registration Rights Agreement (Teekay Offshore Partners L.P.)
Participation. If (a) At any time or from time-to-time (prior to the time with respect to any Holder as the rights of such Holder under this Agreement may be terminated pursuant to Section 2.4), if Parent at any time the Company proposes to file (i) file a Registration Statement (including a secondary registration) with respect to any offering and sale of its Common Stock for its own account or for the account of any shareholder who holds its securities (other than (A) a Registration Statement contemplated by Section 2.01(a)registration on Form S-4 or S-8 or any successor form to such forms, (B) on behalf a registration of securities solely relating to an offering and sale to employees, directors or consultants of Parent pursuant to any employee stock plan or other Person employee benefit plan arrangement, (C) a registration of debt securities, or (D) solely for security holders who has or has been granted have registration rights related as of the date of this Agreement (and solely to the extent they have such rights); provided that, this exception shall not apply to an Underwritten Offering (the “Other Holder”)Offering, or (ii) engage in or arrange a prospectus supplement relating private offering and sale of its Common Stock, for its own account and for the account of any shareholder who holds its securities (each, a “Parent Sale”); then, as expeditiously as reasonably practicable (but in no event less than twenty (20) days prior to the sale proposed date of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at filing such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statementproposed closing of the private offering and sale (as applicable), or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offering, then the Company Parent shall give not less than four (4) Business Days’ written notice (including, but not limited to, notification by electronic mail) (the “Piggyback Sale Rights Notice”) of such proposed Underwritten Offering filing or sale to each Holder thatall Holders of Registrable Securities, together with its Affiliates, owns at least $15 million and such notice shall offer the Holders of Common Share such Registrable Securities and such Piggyback Notice shall offer such Holder the opportunity to include participate in such Underwritten Offering for Other Holders sale by selling such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback RegistrationSale Right”); provided, however, that that, the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable SecuritiesSecurities included in each Parent Sale, in the aggregate aggregate, shall not exceed thirty percent (determined by multiplying 30%) of all the securities proposed to be sold in the applicable Parent Sale and if Participating Holders have requested the inclusion of Registrable Securities in the Parent Sale that would exceed such thirty percent (30%) limitation, then the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for included in the accounts of Holders Parent Sale shall be determined reduced, pro rata based on the provisions number of Section 2.02(b)securities requested to be included by each Participating Holder. Each Piggyback Notice shall be provided to Holders on a Business Day pursuant Subject to Section 3.01 and receipt of 2.1(d) below, Parent shall include in Parent Sale all such notice shall Registrable Securities which are properly requested to be confirmed and kept confidential by the Holders until either included therein within fifteen (x15) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly days after the final decision Sale Rights Notice is given to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or Solely with respect to this Article II, if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s intention to undertake an Underwritten Offering for Other Holders a Sale Rights Notice and prior to (i) the pricing effective date of the Registration Statement filed in connection with such Underwritten OfferingParent Sale or (ii) the closing of a private Parent Sale, such Underwritten Offering is terminated Parent shall determine for any reason not to complete or delayed pursuant to delay the provisions of this AgreementParent Sale, the Company Parent may, at its election, give written notice of such determination to the Selling Holders each Holder of Registrable Securities and, ,
(1i) in the case of a termination of such Underwritten Offeringdetermination not to conduct 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
(2ii) 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 Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holdersother 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), the Company delay shall not be required to deliver alter, modify or amend any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofterms, conditions, restrictions and limitations set forth in this Article II.
Appears in 1 contract
Sources: Sale Rights Agreement (Quepasa Corp)
Participation. If at any time the Company Crosstex proposes to file (i) during the Effectiveness Period a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Shelf Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)2.1, or (ii) prior to (A) the expiration of the Effectiveness Period or (B) if the Effectiveness Period has not begun by the Eighth Anniversary Date, the Eighth Anniversary Date, a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentregistration statement, in each caseeither case (i) or (ii), for the sale of shares Common Units in an Underwritten Offering for its own account and/or the account of Common Stock by Other Holders another Person, then, as soon as practicable following the engagement of counsel to Crosstex to prepare the documents to be used in connection with an Underwritten Offering, then the Company Crosstex shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder thatthe Holders as soon as practicable but not less than three Business Days following such engagement of counsel by Crosstex, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Crosstex shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, Holders do not offer a minimum of $15 million 5,000,000 of Common Share Registrable Securities and Other Registrable Securities, in the aggregate aggregate, (determined by multiplying the number of Common Share Registrable Securities and Other Registrable Securities owned by the average of the closing price on the National Securities Exchange NASDAQ for the shares of Common Stock Units for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B. The notice required to be provided in this Section 2.2(a) to such Holders if and to the extent that the Company has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock in such Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 3.1 hereof and confirmation of receipt of such notice shall be confirmed and kept confidential by requested in the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders notice. Holder shall then have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) Business Days (or two (2) Business Days in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten OfferingPiggyback Registration. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Crosstex shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Crosstex may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Crosstex of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offeringoffering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company requesting that such Holder not receive notice from the Company of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company No Holders shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in any such Underwritten Offerings for Other Holders pursuant to Offering under this Section 2.02(a), 2.2(a) unless such Piggyback Opt-Out Notice is revoked Holder (together with any Affiliates that are Selling Holders) participating therein holds at least fifteen million dollars ($15,000,000) of Registrable Securities and Other Registrable Securities, in the aggregate, (determined by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as multiplying the number of Registrable Securities and Other Registrable Securities owned by the average of the closing price for Common Units for the ten (10) trading days preceding the date hereofof such notice).
Appears in 1 contract
Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person Persons who has have or has have been granted registration rights related to an Underwritten Offering (the “Other HolderHolders”), ) or (ii) following the Series B Conversion Date, a prospectus supplement relating to the sale of shares of Common Stock Units by any Other Holders to an effective “automatic” registration statement, so long as the Company Partnership is a WKSI at such time or, whether or not the Company Partnership is a WKSI, so long as the Common Share Conversion Unit Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock Units by Other Holders in an Underwritten OfferingOffering (including an Underwritten Offering undertaken pursuant to Section 2.03), then the Company Partnership shall give not less than four (4) three Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, (together with its Affiliates, owns at least ) owning more than $15 25 million of Common Share Conversion Unit Registrable Securities Securities, calculated on the basis of the Preferred Unit Price, and such Piggyback Notice shall offer such Holder the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Conversion Unit Registrable Securities (the “Included Registrable Securities”) as such Holder may request in writing (a “Piggyback Registration”); provided, however, that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 25 million of Common Share Conversion Unit Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Conversion Unit Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock Units for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Conversion Unit Registrable Securities for sale for the benefit of such Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such Underwritten Offering, then the amount of Common Share Conversion Unit Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company Partnership or (y) the Holders have received notice from the Company Partnership that such proposed Underwritten Offering has been abandoned, which the Company Partnership shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder will have four (4) two Business Days (or two (2) one Business Days Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to the Company the inclusion of Common Share Conversion Unit Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten OfferingOffering for Other Holders, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten OfferingOffering for Other Holders. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Conversion Unit Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other Holders; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 1 contract
Sources: Registration Rights Agreement (Black Stone Minerals, L.P.)
Participation. If at In the event the Registrable Securities may not be disposed of without restriction pursuant to any time section of Rule 144 (or any similar provision then in effect) under the Company Securities Act, if the Partnership proposes to file (i) a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (ii) a registration statement, other than a shelf registration statement, in each case, for the sale of shares Common Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (includingwhich may include, but not limited towithout limitation, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns holds in the aggregate at least $15 10.0 million of Common Share the then-outstanding Registrable Securities (based on the Common Unit Price) and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that (i) the Company Partnership shall not be required to offer provide such opportunity (A) to any such Holders if the Holders, together with their Affiliates, do Holder that does not offer a minimum of $15 10.0 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price (based on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such noticeUnit Price), or such lesser amount (ii) if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (A) the Partnership shall not be required to offer such opportunity to the Holders or (B) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madehereof. Each such Holder will described in the proviso of the immediately preceding sentence shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holders. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offering. If no written request for inclusion from such a Holder is received within the specified time, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell include any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day or prior to the time of pricing of such Underwritten Offering. Any Holder may deliver written notice (a an “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback an Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed indicated on Schedule B A hereto shall each be deemed to have delivered a Piggyback an Opt-Out Notice as of the date hereof.
Appears in 1 contract
Sources: Common Unit Purchase Agreement (Teekay Offshore Partners L.P.)
Participation. If at any time the Company Partnership proposes to file (i) a Registration Statement (shelf registration statement other than a the Shelf Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)2.01, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective shelf registration statement, so long as other than the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Shelf Registration Statement or are included on an effective Registration Statement, or in any case in which contemplated by Section 2.01 of this Agreement and Holders may participate in such offering be included without the filing of a post-effective amendmentamendment thereto, or (iii) a registration statement, other than a shelf registration statement, in each either case, for the sale of shares Units in an Underwritten Offering for its own account and/or another Person, then as soon as practicable following the engagement of Common Stock counsel by Other Holders the Partnership to prepare the documents to be used in connection with an Underwritten Offering, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least Holders holding $15 30.0 million or more of Common Share Registrable Securities Purchased Units based on the purchase price per unit under the Purchase Agreement and such Piggyback Notice notice shall offer such Holder Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then (a) the Partnership shall not be required to offer such opportunity to the Holders or (b) if any Registrable Securities can be included in the Underwritten Offering in the opinion of the Managing Underwriter, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b); and provided, further, that the Partnership shall not be obligated to include any Registrable Securities in any Underwritten Offering unless the Holders request inclusion of at least $5.0 million of Registrable Securities in the aggregate in such Underwritten Offering. Each Piggyback Notice Any notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice notice has been delivered to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other HoldersOffering. If no written request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, each such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, the Partnership shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Partnership may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such Underwritten Offering. Any Notwithstanding the foregoing, any Holder holding $30.0 million or more of Purchased Units, based on the purchase price per unit under the Purchase Agreement, may deliver written notice (a an “Piggyback Opt-Opt Out Notice”) to the Company Partnership requesting that such Holder not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, howeverthat, that such Holder may later revoke any such Piggyback Opt-Opt Out Notice in writingNotice. Following receipt of a Piggyback Opt-an Opt Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders by the Partnership pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereof.
Appears in 1 contract
Sources: Registration Rights Agreement (Enterprise GP Holdings L.P.)
Participation. If at any time (i) on or after January 1, 2023, and (ii) except in connection with the Company exercise of a demand registration pursuant to Section 2.03, prior to December 31, 2027, (x) the Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (iiy) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statementstatement of the Partnership, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offeringincluding pursuant to Section 2.03, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, including notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder thatInvestor, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice shall offer such Holder Investor (on behalf of and as representative of each Holder) the opportunity to include in such Underwritten Offering for Other Holders such a number of Common Share Registrable Securities (including the securities being registered pursuant to Section 2.03) (the “Included Registrable Securities”); provided, however, that the aggregate amount of Registrable Securities that may be included in Underwritten Offerings pursuant to piggyback registration rights exercised in any twelve month period pursuant to this Section 2.02 shall not exceed one third of the aggregate number of Registrable Securities that is the sum of: (A) a number of Registrable Securities that would be outstanding if the NEP Member exercised its Call Option for all outstanding Class B Units in full on the date of the Piggyback Notice equal to (x) the product of the Call Option Purchase Price with respect to all then outstanding Class B Units and (y) 0.70, divided by the 10-day VWAP average on the date of the Piggyback Notice and (B) the number of Registrable Securities outstanding as of the date of the Piggyback Notice (or such Holder larger number of Registrable Securities, to the extent consented to by the Partnership in its sole and absolute discretion) (the “Maximum Number”), as Investor may request in writing (a “Piggyback Registration”); provided, however, provided further that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Investor (on behalf of all Holders, together with their Affiliates, do ) does not offer request registration of a minimum of $15 50 million of Common Share Registrable Securities, Securities in the aggregate (determined by multiplying the number of Common Share Included Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock Average VWAP for the ten (10) trading days Trading Days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, Piggyback Notice) or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Class B Purchasers and the other Holders will have an a materially adverse effect on the price, timing timing, or distribution of the shares of Common Stock Units in such Underwritten Offering, then in which case the amount of Common Share Registrable Securities to be offered for the accounts account of the Investor and the other Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders Investor on a Business Day pursuant to Section 3.01 3.01, and receipt of such notice shall be confirmed and kept confidential by Investor and the other Holders (and neither Investor nor any other Holder receiving such notice shall purchase or sell Common Units) (provided that any Holder may provide such notice to its personnel, advisors, and other representatives on a confidential basis) until either (x) such proposed Underwritten Offering has been publicly announced by the Company Partnership or (y) the Holders have Investor has received notice from the Company Partnership that such proposed Underwritten Offering has been abandoned, which the Company Partnership shall provide to the Holders Investor reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder Investor will have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to (on behalf of all Holders) that the Company the inclusion Partnership include a number of Common Share Registrable Securities in the Underwritten Offering for Other Holdersup to the Maximum Number. If no request for inclusion from a Holder Investor is received by the Company Partnership within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such neither Investor nor any Holder shall have no any further right to participate in such Underwritten Offering. If, at any time after giving written notice of the CompanyPartnership’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, Partnership shall give written notice of such determination to the Selling Holders andInvestor (on behalf of all Holders), and (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Investor (on behalf of any Selling Holder Holder) shall have the right to withdraw such Selling Holder’s its request for inclusion of such Selling Holder’s Common Share Registrable Securities Securities, in whole or in part (subject to the other provisions of this Agreement), in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one two (12) Business Day Days prior to the time of pricing of such Underwritten Offering. Any Holder Investor may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder Investor (on behalf of all Holders) not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder Investor may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Investor or any Holder pursuant to this Section 2.02(a) ), and such Holder the Holders shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is subsequently revoked by Investor. Investor shall have the right (on behalf of all Holders) to exercise the piggyback registration rights set forth in this Section 2.02 up to four (4) times, but not more frequently than once in any six-month period; provided, however, that if the number of Included Registrable Securities included in the Underwritten Offering is reduced by fifty percent (50%) or more, Investor (on behalf of all Holders) will have the right to withdraw from such Holder. The Holders listed on Schedule B Underwritten Offering by delivering written notice to the Partnership at least two (2) Business Days prior to the time of pricing of such Underwritten Offering, and such exercise of piggyback registration rights will not decrease the number of piggyback registration rights that Investor shall each be deemed have the right to have delivered a Piggyback Opt-Out Notice as of the date hereofrequest under this Section 2.02(a).
Appears in 1 contract
Sources: Contribution Agreement (NextEra Energy Partners, LP)
Participation. If at any time the Company Constellation Energy proposes to file (i) a Registration Statement (prospectus supplement to an effective shelf registration statement, other than a the Registration Statement contemplated by Section 2.01(a)) on behalf 2.01 of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”)this Agreement, or (ii) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statement, so long as the Company is other than a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendmentregistration statement, in each either case, for the sale of shares of Common Stock by Other Holders Units in an Underwritten OfferingOffering for its own account and/or another Person, then the Company shall give as soon as practicable but not less than four three Business Days prior to the filing of (4x) Business Days’ any preliminary prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act, (y) the prospectus supplement relating to such Underwritten Offering pursuant to Rule 424(b) under the Securities Act (if no preliminary prospectus supplement is used) or (z) such registration statement, as the case may be, then Constellation Energy shall give notice (including, but not limited to, notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder that, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities the Holders and such Piggyback Notice notice shall offer such Holder the Holders the opportunity to include in such Underwritten Offering for Other Holders such number of Common Share Registrable Securities (the “Included Registrable Securities”) as each such Holder may request in writing (a “Piggyback Registration”)writing, which shall not be fewer than 100,000 Registrable Securities; provided, however, that the Company shall not be required to offer such opportunity (A) to such Holders if the Holders, together with their Affiliates, do not offer a minimum of $15 million of Common Share Registrable Securities, in the aggregate (determined by multiplying the number of Common Share Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock for the ten (10) trading days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, or (B) to such Holders if and to the extent that the Company Constellation Energy has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Holders will have an a material adverse effect on the price, timing or distribution of the shares of Common Stock Units in such the Underwritten Offering, then the amount of Common Share Registrable Securities to be offered for the accounts of Holders shall be determined based on the provisions of Section 2.02(b)) of this Agreement. Each Piggyback Notice The notice required to be provided in this Section 2.02(a) to Holders shall be provided to Holders on a Business Day pursuant to Section 3.01 hereof and receipt of such notice shall be confirmed and kept confidential by the Holders until either (x) such proposed Underwritten Offering has been publicly announced by the Company or (y) the Holders have received notice from the Company that such proposed Underwritten Offering has been abandoned, which the Company shall provide to the Holders reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been madeHolder. Each such Holder will shall then have four (4) three Business Days (or two (2) Business Days after receiving such notice to request inclusion of Registrable Securities in connection with any overnight or bought the Underwritten Offering) , except that such Holder shall have one Business Day after such Piggyback Notice has been delivered Holder confirms receipt of the notice to request in writing to the Company the inclusion of Common Share Registrable Securities in the Underwritten Offering for Other Holdersin the case of a “bought deal” or “overnight transaction” where no preliminary prospectus is used. If no request for inclusion from a Holder is received by the Company within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such Holder shall have no further right to participate in such Underwritten Offering. If, at any time after giving written notice of the Company’s its intention to undertake an Underwritten Offering for Other Holders and prior to the pricing closing of such Underwritten Offering, Constellation Energy shall determine for any reason not to undertake or to delay such Underwritten Offering is terminated or delayed pursuant to the provisions of this AgreementOffering, the Company Constellation Energy may, at its election, give written notice of such determination to the Selling Holders and, (1x) in the case of a termination of determination not to undertake such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2y) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Selling Holder shall have the right to withdraw such Selling Holder’s request for inclusion of such Selling Holder’s Common Share Registrable Securities in such Underwritten Offering offering by giving written notice to the Company Constellation Energy of such withdrawal at least one (1) Business Day prior up to and including the time of pricing of such offering. No Holder shall be entitled to participate in any such Underwritten OfferingOffering under this Section 2.02(a) unless such Holder (together with any Affiliate of such Holder) participating therein held at least $5,000,000 of Purchased Class E Units and Purchased Common Units as of the Closing Date. Any Notwithstanding the foregoing, any Holder may deliver written notice (a an “Piggyback Opt-Opt Out Notice”) to the Company Constellation Energy requesting that such Holder not receive notice from the Company Constellation Energy of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company shall not be required to deliver any notice to such Holder pursuant to this Section 2.02(a) and such Holder shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is revoked by such Holder. The Holders listed on Schedule B shall each be deemed to have delivered a Piggyback Opt-Out Notice as of the date hereofnotice.
Appears in 1 contract
Sources: Registration Rights Agreement (Constellation Energy Partners LLC)
Participation. If at any time (i) on or after January 1, 2023, and (ii) except in connection with the Company exercise of a demand registration pursuant to Section 2.03, prior to December 31, 2027, (x) the Partnership proposes to file (i) a Registration Statement (other than a Registration Statement contemplated by Section 2.01(a)) on behalf of any other Person who has or has been granted registration rights related to an Underwritten Offering (the “Other Holder”), or (iiy) a prospectus supplement relating to the sale of shares of Common Stock by any Other Holders to an effective registration statementstatement of the Partnership, so long as the Company is a WKSI at such time or, whether or not the Company is a WKSI, so long as the Common Share Registrable Securities were previously included in the underlying shelf Registration Statement or are included on an effective Registration Statement, or in any case in which Holders may participate in such offering without the filing of a post-effective amendment, in each case, for the sale of shares of Common Stock by Other Holders in an Underwritten Offeringincluding pursuant to Section 2.03, then the Company Partnership shall give not less than four (4) Business Days’ notice (including, but not limited to, including notification by electronic mail) (the “Piggyback Notice”) of such proposed Underwritten Offering to each Holder thatInvestor, together with its Affiliates, owns at least $15 million of Common Share Registrable Securities and such Piggyback Notice shall offer such Holder Investor (on behalf of and as representative of each Holder) the opportunity to include in such Underwritten Offering for Other Holders such a number of Common Share Registrable Securities (including the securities being registered pursuant to Section 2.03) (the “Included Registrable Securities”); provided, however, that the aggregate amount of Registrable Securities that may be included in Underwritten Offerings pursuant to piggyback registration rights exercised in any twelve month period pursuant to this Section 2.02 shall not exceed one third of the aggregate number of Registrable Securities that is the sum of: (A) a number of Registrable Securities that would be outstanding if the NEP Member exercised its Call Option for all outstanding Class B Units in full on the date of the Piggyback Notice (assuming the Class B Purchasers requested pursuant to Section 7.02(b) of the Company LLC Agreement to receive Common Units with respect to such Call Option) equal to (x) the product of the Call Option Purchase Price with respect to all then outstanding Class B Units and (y) 0.70, divided by the 10-day VWAP average on the date of the Piggyback Notice and (B) the number of Registrable Securities that would be outstanding as of the date of the Piggyback Notice if all of the Non-Voting NEP Common Units issued on such Holder date were converted on such date into Common Units, (or such larger number of Registrable Securities, to the extent consented to by the Partnership in its sole and absolute discretion) (the “Maximum Number”), as Investor may request in writing (a “Piggyback Registration”); provided, however, provided further that the Company Partnership shall not be required to offer such opportunity (A) to such Holders if the Investor (on behalf of all Holders, together with their Affiliates, do ) does not offer request registration of a minimum of $15 50 million of Common Share Registrable Securities, Securities in the aggregate (determined by multiplying the number of Common Share Included Registrable Securities owned by the average of the closing price on the National Securities Exchange for the shares of Common Stock Average VWAP for the ten (10) trading days Trading Days preceding the date of such notice), or such lesser amount if it constitutes the remaining holdings of the Holder and its Affiliates, Piggyback Notice) or (B) to such Holders if and to the extent that the Company Partnership has been advised by the Managing Underwriter that the inclusion of Common Share Registrable Securities for sale for the benefit of such the Class B Purchasers and the other Holders will have an a materially adverse effect on the price, timing timing, or distribution of the shares of Common Stock Units in such Underwritten Offering, then in which case the amount of Common Share Registrable Securities to be offered for the accounts of the Class B Purchasers and the other Holders shall be determined based on the provisions of Section 2.02(b). Each Piggyback Notice shall be provided to Holders Investor on a Business Day pursuant to Section 3.01 3.01, and receipt of such notice shall be confirmed and kept confidential by the Class B Purchasers and the other Holders (and neither the Class B Purchasers nor any other Holder receiving such notice shall purchase or sell Common Units) (provided that any Holder may provide such notice to its personnel, advisors, and other representatives on a confidential basis) until either (x) such proposed Underwritten Offering has been publicly announced by the Company Partnership or (y) the Holders have Investor has received notice from the Company Partnership that such proposed Underwritten Offering has been abandoned, which the Company Partnership shall provide to the Holders Investor reasonably promptly after the final decision to abandon a proposed Underwritten Offering has been made. Each such Holder Investor will have four (4) Business Days (or two (2) Business Days (or one (1) Business Day in connection with any overnight or bought Underwritten Offering) after such Piggyback Notice has been delivered to request in writing to (on behalf of all Holders) that the Company the inclusion Partnership include a number of Common Share Registrable Securities in the Underwritten Offering for Other Holdersup to the Maximum Number. If no request for inclusion from a Holder Investor is received by the Company Partnership within the specified time or if a Holder states in its response to the Piggyback Notice that it declines the opportunity to include Registrable Securities in the Underwritten Offeringtime, such neither Investor nor any Holder shall have no any further right to participate in such Underwritten Offering. If, at any time after giving written notice of the CompanyPartnership’s intention to undertake an Underwritten Offering for Other Holders and prior to the pricing of such Underwritten Offering, such Underwritten Offering is terminated or delayed pursuant to the provisions of this Agreement, the Company may, at its election, Partnership shall give written notice of such determination to the Selling Holders andInvestor (on behalf of all Holders), and (1) in the case of a termination of such Underwritten Offering, shall be relieved of its obligation to sell any Included Registrable Securities in connection with such terminated Underwritten Offering, and (2) in the case of a determination to delay such Underwritten Offering, shall be permitted to delay offering any Included Registrable Securities for the same period as the delay in the Underwritten Offering. Any Investor (on behalf of any Selling Holder Holder) shall have the right to withdraw such Selling Holder’s its request for inclusion of such Selling Holder’s Common Share Registrable Securities Securities, in whole or in part (subject to the other provisions of this Agreement), in such Underwritten Offering by giving written notice to the Company Partnership of such withdrawal at least one two (12) Business Day Days prior to the time of pricing of such Underwritten Offering. Any Holder Investor may deliver written notice (a “Piggyback Opt-Out Notice”) to the Company Partnership requesting that such Holder Investor (on behalf of all Holders) not receive notice from the Company Partnership of any proposed Underwritten Offering for Other HoldersOffering; provided, however, that such Holder Investor may later revoke any such Piggyback Opt-Out Notice in writing. Following receipt of a Piggyback Opt-Out Notice from a Holder (unless subsequently revoked), the Company Partnership shall not be required to deliver any notice to such Investor or any Holder pursuant to this Section 2.02(a) ), and such Holder the Holders shall no longer be entitled to participate in Underwritten Offerings for Other Holders pursuant to this Section 2.02(a), unless such Piggyback Opt-Out Notice is subsequently revoked by Investor. Investor shall have the right (on behalf of all Holders) to exercise the piggyback registration rights set forth in this Section 2.02 up to four (4) times, but not more frequently than once in any six-month period; provided, however, that if the number of Included Registrable Securities included in the Underwritten Offering is reduced by fifty percent (50%) or more, Investor (on behalf of all Holders) will have the right to withdraw from such Holder. The Holders listed on Schedule B Underwritten Offering by delivering written notice to the Partnership at least two (2) Business Days prior to the time of pricing of such Underwritten Offering, and such exercise of piggyback registration rights will not decrease the number of piggyback registration rights that Investor shall each be deemed have the right to have delivered a Piggyback Opt-Out Notice as of the date hereofrequest under this Section 2.02(a).
Appears in 1 contract
Sources: Membership Interest Purchase Agreement (NextEra Energy Partners, LP)