Common use of Right to Demand; Demand Notices Clause in Contracts

Right to Demand; Demand Notices. Subject to the provisions of this Section 3 at any time and from time to time, a Holder may make a written request to the Company for registration under and in accordance with the provisions of the Securities Act of all or part of the Registrable Securities. The Company shall not be obligated to effect more than three Demand Registrations requested by Holders pursuant to this Section 3(a), and shall not be obligated to effect a Demand Registration if the Registrable Securities proposed to be registered represent less than 25% of the shares of the Registrable Securities and have a fair market value of less than $3.0 million. Promptly upon receipt of any such request (but in no event more than five business days thereafter), the Company will serve written notice (the "Demand Notice") of such registration request to all Holders, and the Company will include in such registration all Registrable Securities of any Holder with respect to which the Company has received written requests for inclusion therein within 15 days after the Demand Notice has been given to the applicable Holders. All requests made pursuant to this Section 3 will specify the aggregate amount of Registrable Securities to be registered and will also specify the intended methods of disposition thereof.

Right to Demand; Demand Notices. Subject to the provisions of this Section 3 3, at any time and from time to timetime commencing after the first anniversary of the date hereof, one or more Genstar Holders holding a Holder majority of all Registrable Securities held by all Genstar Holders (collectively a "REQUESTING HOLDER") may make a written request to the Company for registration under and in accordance with the provisions of the Securities Act (which request may require that such registration be underwritten) of all or part of the Registrable Securities. The Company shall not be obligated to effect more than three Demand Registrations requested Securities held by Holders pursuant to this Section 3(ait (a "DEMAND REGISTRATION"), and shall not be obligated to effect a Demand Registration if the Registrable Securities proposed to be registered represent less than 25% of the shares of the Registrable Securities and have a fair market value of less than $3.0 million. Promptly upon receipt of any such request from any Requesting Holder (but in no event more than five ten (10) business days thereafter), the Company will serve written notice (the "Demand NoticeDEMAND NOTICE") of such registration request to all HoldersHolders who did not make such written request, and and, subject to the terms of this Agreement, the Company will include in such registration Demand Registration all Registrable Securities of any Holder with respect to which the Company has received written requests for inclusion therein within 15 ten (10) business days after the Demand Notice has been given to the applicable HoldersHolder. All requests made pursuant to this Section 3 will specify the aggregate amount of Registrable Securities to be registered and will also specify the intended methods of disposition thereof.

Right to Demand; Demand Notices. Subject to the provisions of this Section 3 at any time and from time to time, a Holder the Investor may make a written request to the Company for registration under and in accordance with the provisions of the Securities Act of all or part of the Registrable Securities. The Company shall not be obligated to effect more than three Demand Registrations requested by Holders the Investor pursuant to this Section 3(a), and shall not be obligated to effect a Demand Registration if the amount of Registrable Securities proposed to be registered represent less than 25% of the shares of the Registrable Securities and does not have a fair market value of less than at least $3.0 5 million. Promptly upon receipt of any such request (but in no event more than five business days thereafter), the Company will serve written notice (the "Demand Notice") of such registration request to all Holders, and the Company will include in such registration all Registrable Securities of any Holder with respect to which the Company has received written requests for inclusion therein within 15 10 days after the Demand Notice has been given to the applicable Holders. All requests made pursuant to this Section 3 will specify the aggregate amount of Registrable Securities to be registered and will also specify the intended methods of disposition thereof.

Right to Demand; Demand Notices. Subject to the provisions of ------------------------------- this Section 3 at any time and from time to time, a Holder the Investor may make a written request to the Company for registration under and in accordance with the provisions of the Securities Act of all or part of the Registrable Securities. The Company shall not be obligated to effect more than three Demand Registrations requested by Holders the Investor pursuant to this Section 3(a), and shall not be obligated to effect a Demand Registration if the amount of Registrable Securities proposed to be registered represent less than 25% of the shares of the Registrable Securities and does not have a fair market value of less than at least $3.0 5 million. Promptly upon receipt of any such request (but in no event more than five business days thereafter), the Company will serve written notice (the "Demand Notice") of such registration request to all Holders, and the Company will include in such registration all Registrable Securities of any Holder with respect to which the Company has received written requests for inclusion therein within 15 10 days after the Demand Notice has been given to the applicable Holders. All requests made pursuant to this Section 3 will specify the aggregate amount of Registrable Securities to be registered and will also specify the intended methods of disposition thereof.