Common use of The Requesting Clause in Contracts

The Requesting. Stockholders acknowledge and agree that AAC need not effect a registration under these provisions if (i) in the written opinion of counsel for AAC, the Requesting Stockholders may sell without registration under the Securities Act all Registrable Securities for which the Requesting Stockholders requested registration under the provisions of the Act and in the manner and in the quantity in which the Registrable Securities were proposed to be sold, or (ii) AAC shall have obtained from the Commission a "no-action" letter to that effect. AAC agrees that all Registration Expenses incurred in connection with any registration, qualification or compliance pursuant to these provisions shall be paid by AAC, other than Selling Expenses consisting of the fees and expenses of the Requesting Stockholders' legal counsel and underwriting discounts or commissions with respect to the Requesting Stockholder's Registrable Securities.

The Requesting. Stockholders acknowledge and agree that AAC need not effect a registration under these provisions if (i) in the written opinion of counsel for AAC, the Requesting Stockholders may sell without registration under the Securities Act all Registrable Securities for which the Requesting Stockholders requested registration under the provisions of the Act and in the manner and in the quantity in which the Registrable Securities were proposed to be sold, or (ii) AAC shall have obtained from the Commission a "no-action" letter to that effect. AAC agrees that all Registration Expenses incurred in connection with any registration, qualification or compliance pursuant to these provisions shall be paid by AAC, other than Selling Expenses consisting of the fees and expenses of the Requesting Stockholders' Stockholders legal counsel and underwriting discounts or commissions with respect to the Requesting Stockholder's Stockholders' Registrable Securities.