Common use of Right to Demand Clause in Contracts

Right to Demand. On two occasions, the holders of 33% or more of the Registrable Securities may make a written request of the Company for registration with the Commission, under and in accordance with the provisions of the Securities Act, of all or part of their Registrable Securities (a "Demand Registration"); provided, however, that (i) the Company shall not be required to file a Registration Statement (defined below) relating to such Demand Registration with the Commission (A) until at least 90 days have passed from the date of this Agreement and (B) less than 45 days have passed since the date the holders of the Registrable Securities request such registration, the Company shall pay a 20% penalty to all holders of the Registrable Securities in cash or additional shares of Common Stock (valued at the average closing price of the Company's Common Stock for the 10 trading days prior to the date that the Registration Statement was to have been filed) at the Company's sole election in the event that the Company fails to file the Registration Statement timely(ii) the Company need not effect a Demand Registration unless such Demand Registration shall include at least 75% of the Registrable Securities originally issued to the Investors under the Subscription Agreement, (iii) the Company may, if the Board of Directors determines in the exercise of its good faith judgment that effecting such Demand Registration at such time would have a substantial adverse effect on the Company, defer such Demand Registration for a single period not to exceed 90 days, - (iv) if the Company elects to defer any Demand Registration pursuant to (iii) above, no Demand

Appears in 2 contracts

Samples: Investor Rights Agreement (Freerealtime Com Inc), Investor Rights Agreement (Freerealtime Com Inc)

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Right to Demand. On two occasions, the holders of 33% or more of the Registrable Securities Greenwich may at any time make a written request of to the Company for registration with the Commission(a "Demand Registration"), under and in accordance with the provisions of the Securities 1933 Act, of all or part of their its Registrable Securities, upon receipt of which the Company shall promptly cause to be prepared and filed a registration statement under the 1933 Act covering the Registrable Securities (a "requested to be registered pursuant to this Section. Within 20 days after receipt of such request, the Company will serve written notice of such registration request to all Investors who are holders of Registrable Securities of the same kind of Registrable Securities to which such Demand Registration")Registration relates and the Company will include in such registration all Registrable Securities of such Investors with respect to which the Company has received written requests for inclusion therein within 20 business days after receipt of such written notice. All requests made pursuant to this subsection will specify the number of Registrable Securities to be registered and will also specify the intended methods of disposition thereof; provided, however, that (i) the Company shall not be required to file a Registration Statement (defined below) relating to such Demand Registration with the Commission (A) until at least 90 days have passed from the date of this Agreement and (B) less than 45 days have passed since the date the holders of the Registrable Securities request such registration, the Company shall pay a 20% penalty to all holders of the Registrable Securities in cash or additional shares of Common Stock (valued at the average closing price of the Company's Common Stock for the 10 trading days prior to the date that the Registration Statement was to have been filed) at the Company's sole election in the event that the Company fails to file the Registration Statement timely(iix) the Company need not effect a any Demand Registration unless the Registrable Securities requested to be registered pursuant to such Demand Registration shall include constitute at least 7510% of the Registrable Securities originally issued to outstanding Common Stock or 10% of the Investors under aggregate principal amount of the Subscription Agreementoutstanding Bonds, as the case may be; and (iiiy) the Company may, if the Board of Directors so determines in the exercise of its good faith judgment reasonable judgment, that effecting due to a pending or contemplated acquisition or disposition it would be inadvisable to effect such Demand Registration at such time would have a substantial adverse effect on the Companytime, defer such Demand Registration for a single period not to exceed 90 days, - (iv) if ; provided that the Company elects to defer may not exercise this right more than once in any Demand Registration pursuant to (iii) above, no Demandtwelve-month period.

Appears in 1 contract

Samples: Registration Rights Agreement (Scovill Holdings Inc)

Right to Demand. On two occasionsthe terms and subject to the provisions of this Section 8, including the limitations set forth in Section 8.1(v), at any time and from time to time commencing after the date hereof, the holders of 33% or more Genstar Parties holding a majority of the Registrable Securities then held by all Genstar Parties (each Genstar Party who makes such a request, a “Requesting Party”), subject to the limitations set forth below, may make a written request of to the Company for registration with the Commission, under and in accordance with the provisions of the Securities Act, Act (which request may require that such registration be underwritten) of all or part of their the Registrable Securities held by the Requesting Party (a "Demand Registration"); provided, however, provided that (i) the Company shall not be required to file a Registration Statement (defined below) relating to such Demand Registration with the Commission (A) until at least 90 days have passed from the date of this Agreement and (B) less than 45 days have passed since the date the holders value of the Registrable Securities subject to such Requesting Party’s Demand Registration have an aggregate value of not less than $10,000,000. Promptly upon receipt of any such request such registration(but in no event more than ten (10) business days thereafter), the Company shall pay a 20% penalty will deliver written notice (the “Demand Notice”) of such registration request to all holders of the Registrable Securities in cash or additional shares of Common Stock (valued at the average closing price of the Company's Common Stock for the 10 trading days prior other Holders, and, subject to the date that the Registration Statement was to have been filed) at the Company's sole election in the event that terms of this Agreement, the Company fails to file the Registration Statement timely(ii) the Company need not effect a Demand Registration unless will include in such Demand Registration shall include at least 75% of the all Registrable Securities originally issued of any Holder with respect to which the Company has received written requests for inclusion therein within ten (10) business days after the Demand Notice has been given to the Investors under the Subscription Agreement, (iii) the Company may, if the Board of Directors determines in the exercise of its good faith judgment that effecting such applicable Holder. All requests or responses to Demand Registration at such time would have a substantial adverse effect on the Company, defer such Demand Registration for a single period not to exceed 90 days, - (iv) if the Company elects to defer any Demand Registration Notices made pursuant to (iii) above, no Demandthis Section 8.1 will specify the aggregate amount of Registrable Securities to be registered and will also specify the intended methods of disposition thereof.

Appears in 1 contract

Samples: Investor Rights Agreement (Interhealth Facility Transport, Inc.)

Right to Demand. On two occasions, Any time after the holders of 33% or more expiration of the Registrable Securities Holdback Period, each of Saratoga, Moore and Co-Investment may make a written makx x xritten request of to the Company for registration with the Commission(a "Demand Registration"), under and in accordance with the provisions of the Securities 1933 Act, of all or part of their its Registrable Securities. Within 20 days after receipt of such request, the Company will serve written notice (the "Written Notice") of such registration request to all Investors who are holders of Registrable Securities (a "Demand Registration")and the Company will include in such registration all Registrable Securities of such Investors with respect to which the Company has received written requests for inclusion therein within 15 business days after receipt of the Written Notice. All requests made pursuant to this subsection will specify the number of Registrable Securities to be registered and will also specify the intended methods of disposition thereof; provided, however, that (i) the Company shall not be required to file a Registration Statement (defined below) relating to such Demand Registration with the Commission (A) until at least 90 days have passed from the date of this Agreement and (B) less than 45 days have passed since the date the holders of the Registrable Securities request such registration, the Company shall pay a 20% penalty to all holders of the Registrable Securities in cash or additional shares of Common Stock (valued at the average closing price of the Company's Common Stock for the 10 trading days prior to the date that the Registration Statement was to have been filed) at the Company's sole election in the event that the Company fails to file the Registration Statement timely(iix) the Company need not effect a any Demand Registration unless the Registrable Securities requested to be registered pursuant to such Demand Registration shall include constitute at least 7510% of the Registrable Securities originally issued to the Investors under the Subscription Agreement, outstanding Capital Stock; and (iiiy) the Company may, if the its Board of Directors so determines in the exercise of its good faith judgment reasonable judgment, that effecting due to a pending or contemplated acquisition or disposition it would be inadvisable to effect such Demand Registration at such time would have a substantial adverse effect on the Companytime, defer such Demand Registration for a single period not to exceed 90 180 days, - (iv) if the Company elects to defer any Demand Registration pursuant to (iii) above, no Demand.

Appears in 1 contract

Samples: Stockholders Agreement (Scovill Fasteners Inc)

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Right to Demand. On two occasions, Any time after the holders of 33% or more expiration of the Registrable Securities Holdback --------------- Period, each of Saratoga and Xxxxx may make a written request of to the Company for registration with the Commission(a "Demand Registration"), under and in accordance with the provisions of the Securities 1933 ------------------- Act, of all or part of their its Registrable Securities. Within 20 days after receipt of such request, the Company will serve written notice (the "Written Notice") of -------------- such registration request to all Investors who are holders of Registrable Securities (a "Demand Registration")and the Company will include in such registration all Registrable Securities of such Investors with respect to which the Company has received written requests for inclusion therein within 15 business days after receipt of the Written Notice. All requests made pursuant to this subsection will specify the number of Registrable Securities to be registered and will also specify the intended methods of disposition thereof; provided, however, that (ix) the Company shall -------- ------- need not be required to file a Registration Statement (defined below) relating to such effect the Demand Registration with the Commission (A) until at least 90 days have passed from the date of this Agreement and (B) less than 45 days have passed since the date the holders of registration unless the Registrable Securities request such registration, the Company requested to be so registered shall pay a 20% penalty to all holders of the Registrable Securities in cash or additional shares of Common Stock (valued at the average closing price of the Company's Common Stock for the 10 trading days prior to the date that the Registration Statement was to have been filed) at the Company's sole election in the event that the Company fails to file the Registration Statement timely(ii) the Company need not effect a Demand Registration unless such Demand Registration shall include constitute at least 7510% of the Registrable Securities originally issued to the Investors under the Subscription Agreement, outstanding Capital Stock; and (iiiy) the Company may, if the its Board of Directors so determines in the exercise of its good faith judgment reasonable judgment, that effecting due to a pending or contemplated acquisition or disposition it would be inadvisable to effect such Demand Registration at such time would have a substantial adverse effect on the Companytime, defer such Demand Registration for a single period not to exceed 90 180 days, - (iv) if the Company elects to defer any Demand Registration pursuant to (iii) above, no Demand.

Appears in 1 contract

Samples: Stockholders Agreement (Scovill Holdings Inc)

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