Common use of Piggyback Clause in Contracts

Piggyback. Registration”) then, as expeditiously as reasonably possible following such determination, the Purchaser shall give written notice (the “Incidental Registration Notice”) of its intention to effect such a registration to the Seller, and such notice shall offer Seller the opportunity to register such number of registrable securities as each such Seller may request in writing. The Purchaser shall include in such registration statement all such registrable securities which are requested in writing by the Seller (a “Piggyback Participation Notice”) to be included therein, on the same terms and conditions as the securities otherwise being sold in such registration, such Piggyback Participation Notice to be received within fifteen (15) days after the date of the Incidental Registration Notice. If Seller does not timely deliver a Piggyback Participation Notice, then he shall be deemed to have waived his right to participate in the Piggyback Registration. If the Seller decides not to include all of his registrable securities in any Piggyback Registration, then Seller shall nevertheless continue to have the right to include any registrable securities in any subsequent Piggyback Registration as may be filed by the Purchaser with respect to offerings of the Purchaser’s securities, all upon the terms and conditions set forth herein.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Welch Rory), Asset Purchase Agreement (iGambit, Inc.), Stock Purchase Agreement (iGambit, Inc.)

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Piggyback. Registration”) then, as expeditiously as reasonably possible following such determination, the Purchaser iGambit shall give written notice (the “Incidental Registration Notice”) of its intention to effect such a registration to the SellerShareholder, and such notice shall offer Seller Shareholder the opportunity to register such number of registrable securities as each such Seller Shareholder may request in writing. The Purchaser iGambit shall include in such registration statement all such registrable securities which are requested in writing by the Seller Shareholder (a “Piggyback Participation Notice”) to be included therein, on the same terms and conditions as the securities otherwise being sold in such registration, such Piggyback Participation Notice to be received within fifteen (15) days after the date of the Incidental Registration Notice. If Seller Shareholder does not timely deliver a Piggyback Participation Notice, then he it shall be deemed to have waived his its right to participate in the Piggyback Registration. If the Seller Shareholder decides not to include all of his its registrable securities in any Piggyback Registration, then Seller Shareholder shall nevertheless continue to have the right to include any registrable securities in any subsequent Piggyback Registration as may be filed by the Purchaser iGambit with respect to offerings of the PurchaseriGambit’s securities, all upon the terms and conditions set forth herein.

Appears in 1 contract

Samples: Stock Exchange Agreement (iGambit, Inc.)

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