Additional Demand Registration. Notwithstanding any other provision of this Section 5.1, at any time or from time to time, if the Company effects the registration of less than seventy percent (70%) of all of the Registrable Securities requested to be registered pursuant to Section 5.1(a), the holders of a majority of the Series A Registrable Securities, Series B Registrable Securities and Series C Registrable Securities, as the case may be, shall be entitled to request an additional registration pursuant to Section 5.1(a); provided, however, that in no event shall the holders of a majority of the Series A Registrable Securities, Series B Registrable Securities and Series C Registrable Securities, as the case may be, be entitled to request more than one such additional registration pursuant to this Section 5.1(i). Any such registration shall be requested, effected and in all other respects in accordance with the terms of Section 5.1(a), and the Company will pay all Registration Expenses in connection with any such registration. This provision shall apply successively in the event that any holder of Registrable Securities shall continue to hold Registrable Securities solely as a result of Section 5.1(h).
Appears in 2 contracts
Sources: Investor Rights Agreement (Net2000 Communications Inc), Investor Rights Agreement (Blue Water Strategic Fund I LLC)