Withdrawal Election. If, as a result of the proration provisions of this Section 2.3, any Holder shall not be entitled to include at least 50% of the Registrable Securities in a Demand Registration or Piggy-Back Registration that such Holder has requested to be included, such Holder may elect to withdraw his, her or its request to include Registrable Securities in such registration (a "Withdrawal Election"); provided, however, that a Withdrawal Election shall be irrevocable and, after making a Withdrawal Election, a Holder shall no longer have any right to include Registrable Securities in the registration as to which such Withdrawal Election was made.
Appears in 2 contracts
Sources: Registration Rights Agreement (Park N View Inc), Stock Purchase Agreement (Park N View Inc)
Withdrawal Election. If, as a result of the proration provisions of this Section 2.3, any Holder shall not be entitled to include at least 50% of the Registrable Securities in a Demand Registration or Piggy-Back Registration that such Holder has requested to be included, such Holder may elect to withdraw his, her or its his request to include Registrable Securities in such registration (a "Withdrawal Election"); provided, however, that a Withdrawal Election shall be irrevocable and, after making a Withdrawal Election, a Holder shall no longer have any right to include Registrable Securities in the registration Piggy Back Registration as to which such Withdrawal Election was made.
Appears in 2 contracts
Sources: Registration Rights Agreement (Safety Components International Inc), Registration Rights Agreement (Safety Components International Inc)
Withdrawal Election. If, as a result of the proration provisions ------------------- of this Section 2.3, any Holder shall not be entitled to include at least 50% of the Registrable Securities in a Demand Registration or Piggy-Back Registration that such Holder has requested to be included, such Holder may elect to withdraw his, her or its request to include Registrable Securities in such registration (a "Withdrawal Election")) without incurring any liability for his, her or its fees and expenses; provided, however, that a Withdrawal Election shall be irrevocable -------- ------- and, after making a Withdrawal Election, a Holder shall no longer have any right to include Registrable Securities in the registration Piggy-Back Registration as to which such Withdrawal Election was made.
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