Common use of Timing of Demand Registrations Clause in Contracts

Timing of Demand Registrations. Subject to the conditions of this Section 3.1, at any time after the earlier of (x) the date which is six (6) months after the consummation of the Approved IPO and (y) the date which is five (5) years after the Closing Date, any Major Stockholder, acting alone or jointly with any of the other Major Stockholders, may request in writing (a “Demand Request”) that the Company commence a registration covering Registrable Securities held by such Major Stockholder(s) with an anticipated aggregate offering price (before any underwriting discounts and commissions) anticipated in good faith to be at least $20 million, which Major Stockholder(s) making such Demand Request and amount of Registrable Securities to be included in such registration shall be specified in such Demand Request.

Timing of Demand Registrations. Subject to the conditions of this Section SECTION 3.1, at any time after the earlier of (x) the date which is six (6) months after the consummation of the Approved IPO and (y) the date which is five (5) years after the Closing Date, any Major Stockholder, acting alone or jointly with any of the other Major Stockholders, may request in writing (a “Demand Request”"DEMAND REQUEST") that the Company commence a registration covering Registrable Securities held by such Major Stockholder(s) with an anticipated aggregate offering price (before any underwriting discounts and commissions) anticipated in good faith to be at least $20 million, which Major Stockholder(s) making such Demand Request and amount of Registrable Securities to be included in such registration shall be specified in such Demand Request.