Registration Expense definition
Examples of Registration Expense in a sentence
The Registration Expense shall be for the account of the Company.
The Company shall pay all Registration Expenses in connection with the registration pursuant to Section 2.1 or 2.2. Each Holder shall pay all expenses of its counsel (other than to the extent a Registration Expense), underwriting discounts and commissions and transfer taxes, if any, relating to the sale or disposition of such Holder’s Registrable Securities pursuant to the Shelf Registration Statement.
Each Holder participating in a registration pursuant to this Section 2.4 shall bear such Holder’s proportionate share of the Registration Expense (allocated pro rata based on the Registrable Securities included in such Registration).
Notwithstanding the foregoing, any additional Registration Expense in excess of $50,000 shall be the obligation of and be paid by the Company.
Notwithstanding the foregoing, upon the execution and delivery of the Agreement, the Initial Purchaser shall pay to the Company a nonrefundable amount equal to $150,000, by wire transfer of immediately available funds to a bank account designated by the Company, to reimburse the Company for the Registration Expense.