Requested Consent. The Company agrees to use commercially reasonable efforts to obtain the necessary consents pursuant to the Founders Registration Rights Agreement for the rights of the holders of Registrable Securities to include shares in a “demand” registration pursuant to Section 1.03(b) pari passu (rather than subordinate) to the rights with respect to shares of Common Stock exercising piggy-back rights pursuant to the Founders Registration Rights Agreement. The Company shall provide the Investors with prompt written notice at such time as it has obtained such consent. Upon obtaining such consent, Section 1.03(b) shall automatically, and without further action by the Company or any Investor, be amended in its entirety to read as follows:
Appears in 2 contracts
Sources: Investor Rights Agreement (Highbury Financial Inc), Investor Rights Agreement (Highbury Financial Inc)