Common use of Waiver of Liquidated Damages Clause in Contracts

Waiver of Liquidated Damages. If Atlas is unable to cause a Registration Statement to become effective by the Target Effective Date as a result of an acquisition, merger, reorganization, disposition or other similar transaction, then Atlas may request a waiver of the Liquidated Damages, which may be granted or withheld by the consent of the Holders of at least 75% of the then outstanding Registrable Securities in their sole discretion.

Appears in 3 contracts

Samples: Registration Rights Agreement (Atlas Pipeline Partners Lp), Class D Preferred Unit Purchase Agreement (Atlas Pipeline Partners Lp), Class D Preferred Unit Purchase Agreement (Atlas Pipeline Partners Lp)

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Waiver of Liquidated Damages. If Atlas is unable to cause a Registration Statement to become effective by the Target Effective Date as a result of an acquisition, merger, reorganization, disposition or other similar transaction, then Atlas may request a waiver of the Liquidated Damages, which may be granted or withheld by the consent of the Holders of at least 75% two-thirds of the then outstanding aggregate of the Registrable Securities (assuming that the Atlas Preferred Units have been converted in accordance with the terms thereof) in their sole discretion.

Appears in 1 contract

Samples: Registration Rights Agreement (Atlas Resource Partners, L.P.)

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Waiver of Liquidated Damages. If Atlas is unable to cause a Registration Statement to become effective by the Target Effective Date as a result of an acquisition, merger, reorganization, disposition or other similar transaction, then Atlas may request a waiver of the Liquidated Damages, which may be granted or withheld by the consent of the Holders of at least 75% two-thirds of the then outstanding Registrable Securities aggregate of the Purchased Units in their sole discretion.

Appears in 1 contract

Samples: Registration Rights Agreement (Atlas Resource Partners, L.P.)

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