Common use of Right to Withdraw Clause in Contracts

Right to Withdraw. If the managing underwriter of any underwritten offering shall advise the Purchasers that the Registrable Securities covered by the registration statement cannot be sold in such offering within a price range acceptable to the Purchasers, then the Purchasers shall have the right to notify the Company in writing that they have determined that the registration statement be abandoned or withdrawn, in which event the Company shall abandon or withdraw such registration statement. In the event of such abandonment or withdrawal, such request shall not be counted for purposes of the requests for registration to which the Purchasers are entitled pursuant to this Section 2.1, and the Purchasers shall pay, or reimburse the Company for, all Registration Expenses related thereto.

Appears in 9 contracts

Samples: Registration Rights Agreement (Xo Communications Inc), Registration Rights Agreement (Xo Communications Inc), Stock Purchase Agreement (Nm Acquisition Corp)

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Right to Withdraw. If the managing underwriter of any underwritten offering shall advise the Purchasers that the Registrable Securities covered by the registration statement cannot be sold in such offering within a price range acceptable to the Purchasers, then the Purchasers shall have the right to notify the Company in writing that they have determined that to withdraw their shares from the registration statement be abandoned or withdrawn, in which event the Company shall abandon or withdraw such registration statement. In the event of such abandonment or withdrawal, such the request for registration shall not be counted for purposes of the requests for registration to which the Purchasers are entitled pursuant to this Section 2.1, and the Purchasers shall pay, or reimburse the Company for, all Registration Expenses related thereto.

Appears in 3 contracts

Samples: Registration Rights Agreement (Forstmann Little & Co Sub Debt & Eq MGMT Buyout Par Vii Lp), Registration Rights Agreement (Forstmann Little & Co Sub Debt & Eq MGMT Buyout Par Vii Lp), Registration Rights Agreement (Forstmann Little & Co Sub Debt & Eq MGMT Buyout Par Vii Lp)

Right to Withdraw. If the managing underwriter of any underwritten offering shall advise the Purchasers Purchaser that (i) the Registrable Securities covered by the registration statement cannot be sold in such offering within a price range acceptable to the PurchasersPurchaser or (ii) the amount of Registrable Securities requested to be included in such offering is reduced below fifty percent (50%) of the number of Registrable Securities so requested to be included, then the Purchasers Purchaser shall have the right to notify the Company in writing that they have it has determined that the registration statement be abandoned or withdrawn, in which event the Company shall abandon or withdraw such registration statement. In the event of such abandonment or withdrawal, such request shall not be counted for purposes of the requests request for registration to which the Purchasers are Purchaser is entitled pursuant to this Section 2.1, and the Purchasers shall pay, or reimburse the Company for, all Registration Expenses related thereto.

Appears in 1 contract

Samples: Registration Rights Agreement (Water Pik Technologies Inc)

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Right to Withdraw. If the managing underwriter of any ----------------- underwritten offering shall advise the Purchasers that the Registrable Securities covered by the registration statement cannot be sold in such offering within a price range acceptable to the Purchasers, then the Purchasers shall have the right to notify the Company in writing that they have determined that to withdraw their shares from the registration statement be abandoned or withdrawn, in which event the Company shall abandon or withdraw such registration statement. In the event of such abandonment or withdrawal, such the request for registration shall not be counted for purposes of the requests for registration to which the Purchasers are entitled pursuant to this Section 2.1, and the Purchasers shall pay, or reimburse the Company for, all Registration Expenses related thereto.

Appears in 1 contract

Samples: Registration Rights Agreement (McLeodusa Inc)

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