Procedure for Requesting Demand Registration Clause Samples
The "Procedure for Requesting Demand Registration" clause outlines the steps that a security holder must follow to formally request that the issuer register their securities for public sale. Typically, this involves submitting a written notice to the issuer specifying the securities to be registered and complying with any timing or information requirements set forth in the agreement. This clause ensures a clear and orderly process for initiating a demand registration, thereby reducing confusion and potential disputes between the parties.
Procedure for Requesting Demand Registration. Any request for a Demand Registration shall specify the aggregate number of the Registrable Securities proposed to be sold and the intended method of disposition. Within ten (10) days after receipt of such a request the Company will give written notice of such registration request to all Holders, and the Company will include in such registration all Registrable Securities with respect to which the Company has received written requests for inclusion therein within fifteen (15) Business Days after the date on which such notice is given by the Company. Each such request shall also specify the aggregate number of Registrable Securities to be registered and the intended method of disposition thereof.