Common use of Withdrawal by the Company Clause in Contracts

Withdrawal by the Company. If, at any time after giving written notice of its intention to register any of its securities as set forth in Section 5.02 and prior to time the registration statement filed in connection with such registration is declared effective, the Company shall determine for any reason not to register such securities, the Company may, at its election, give written notice of such determination to each Stockholder and thereupon shall be relieved of its obligation to register any Registrable Securities in connection with such particular withdrawn or abandoned registration (but not from its obligation to pay the Registration Expenses in connection therewith as provided herein). In the event that the Piggyback Sellers of such a registration hold the Requisite Amount of Registrable Securities, such holders may continue the registration as a Demand Registration. The continuation of such registration shall be counted as a Demand for all Stockholders who continue as participants in such registration.

Withdrawal by the Company. If, at any time after giving written notice of its intention to register any of its securities as set forth in Section 5.02 5.2 and prior to time the registration statement filed in connection with such registration is declared effective, the Company shall determine for any reason not to register such securities, the Company may, at its election, give written notice of such determination to each Stockholder the Investor and thereupon shall be relieved of its obligation to register any Registrable Securities in connection with such particular withdrawn or abandoned registration (but not from its obligation to pay the Registration Expenses in connection therewith as provided herein). In the event that the Piggyback Sellers of such a registration hold the Requisite Amount of Registrable Securities, such holders may continue the registration as a Demand Registration. The continuation of such registration shall be counted as a Demand for all Stockholders who continue as participants in such registrationby the Investor.

Withdrawal by the Company. If, at any time after giving written notice of its intention to register any of its securities as set forth in Section 5.02 and prior to time the registration statement filed in connection with such registration is declared effective, the Company shall determine for any reason not to register such securities, the Company may, at its election, give written notice of such determination to each Stockholder Stock- holder and thereupon shall be relieved of its obligation to register any Registrable Securities in connection with such particular withdrawn or abandoned registration (but not from its obligation to pay the Registration Expenses in connection therewith as provided herein). In the event that the Piggyback Sellers of such a registration hold the Requisite Amount of Registrable Securities, such holders may continue the registration as a Demand Registration. The continuation of such registration shall be counted as a Demand for all Stockholders who continue as participants in such registration.

Withdrawal by the Company. If, at any time after giving written notice of its intention to register any of its securities as set forth in Section 5.02 5.2 and prior to time the registration statement filed in connection with such registration is declared effective, the Company shall determine for any reason not to register such securities, the Company may, at its election, give written notice of such determination determina tion to each Stockholder the Investor and thereupon shall be relieved of its obligation to register any Registrable Securities in connection with such particular withdrawn or abandoned registration (but not from its obligation to pay the Registration Expenses in connection connec tion therewith as provided herein). In the event that the Piggyback Sellers of such a registration hold the Requisite Amount of Registrable Securities, such holders may continue the registration as a Demand Registration. The continuation of such registration shall be counted as a Demand for all Stockholders who continue as participants in such registrationby the Investor.

Withdrawal by the Company. If, at any time after giving written notice of its intention to register any of its securities as set forth in this Section 5.02 2.2 and prior to the time the registration statement filed in connection with such registration is declared effective, the Company shall determine for any reason not to register such securities, the Company may, at its election, shall give written notice of such determination to each Stockholder and thereupon shall be relieved of its obligation to register any Registrable Securities in connection with such particular withdrawn or abandoned registration (but not from its obligation to pay the Registration Expenses (as hereinafter defined) in connection therewith as provided herein). In the event that the Piggyback Sellers of such a registration hold the Requisite Amount $10 million of aggregate Fair Market Value of Registrable Securities, Securities as of such date then such holders may continue the such registration as a an underwritten Demand Registration. The continuation of such registration shall be counted as a Demand for all Stockholders who continue as participants in such registration.