Common use of Demand Underwritten Offerings Clause in Contracts

Demand Underwritten Offerings. (a) At any time while a Registration Statement is effective, any Notice Holder or group of Notice Holders holding a majority of the Registrable Common Securities or Registrable Preferred Securities then outstanding may make written requests (each, an “Underwritten Offering Demand Request”) to the Company for Underwritten Offerings (each, a “Demand Underwritten Offering”) of Registrable Securities included in such Registration Statement; provided, however, that an Underwritten Offering Demand Request may only be made if:

Demand Underwritten Offerings. (a) At any time while a Registration Statement is effective, any Notice Holder or group of Notice Holders holding a majority Registrable Securities equal in number to at least 51% (calculated on an as-converted basis) of all Registrable Securities issued on the Registrable Common Securities or Registrable Preferred Securities then outstanding Issue Date may make written requests (each, an “Underwritten Offering Demand Request”) to the Company for Underwritten Offerings (each, a “Demand Underwritten Offering”) of Registrable Securities included in such Registration Statement; provided, however, that an Underwritten Offering Demand Request may only be made if: