Optional Registration definition
Examples of Optional Registration in a sentence
The Holder Representative shall not deliver an Optional Registration Notice during any period specified in Section 3(a)(ii) during which it would not be entitled to deliver a Demand Notice.
The Holder Representative shall request an Optional Registration by furnishing the Company with written notice (the "Optional Registration Notice") thereof which sets forth (i) the ---------------------------- identity of each Holder joining in making such Demand Notice and the number of Registrable Shares owned by such Holder, (ii) the number of Optional Shares requested to be registered and (iii) the proposed method of distribution of such Optional Shares.
The Company may withdraw an Optional Registration initiated by the Company at any time before it becomes effective, provided that the Company gives prompt notice to the Holders participating in such registration.
The Company shall notify the Holder Representative in writing within 15 days of its receipt of an Optional Registration Notice as to whether the Company will proceed with such registration or decline to register such Optional Shares.
In the event the Company elects to proceed with such registration, the Optional Registration and Optional Registration Notice shall be deemed and treated for the purposes of this Agreement as a Demand Registration and Demand Notice, respectively.
The Company shall not be required to effect an Optional Registration more than once during the Additional Period.
Parent shall promptly provide the Stockholders with revised or supplemented prospectuses and, following receipt of the revised or supplemented prospectuses, the Company Stockholders shall be free to resume making offers and sales under such Stockholder Registration Statement or Optional Registration Statement.