Common use of Underwritten Demand Registrations Clause in Contracts

Underwritten Demand Registrations. The offering of the Registrable Securities pursuant to such Demand Registration shall be in the form of an underwritten offering except for one such Demand Registration which may be for a shelf registration in compliance with the provisions of this Section 2. In the event the managing underwriter or underwriters of the Demand Registration advise the Company and the Requisite Holders in writing that the total amount of Registrable Securities requested to be included in such offering would exceed the maximum amount of securities which can be marketed at a price reasonably related to the current fair market value of such securities without adversely affecting such offering (the "Underwriters Maximum Number"), the Company will be required to include in such registration to the extent of the Underwriters Maximum Number: first, all of the Registrable Securities requested to be included in such registration by the Holders thereof, allocated pro rata among such Holders on the basis of the number of Registrable Securities requested to be included therein by each such Holder; and second, any equity securities requested to be included in such registration by the Company and any other holders of such securities, allocated as determined by the Company subject to any agreements between the Company and any such holders.

Underwritten Demand Registrations. The offering of the Registrable Securities pursuant to such Demand Registration shall be in the form of an underwritten offering except for one such Demand Registration which may be for a shelf registration in compliance with the provisions of this Section 2offering. In the event the managing underwriter or underwriters of the Demand Registration advise the Company and the Requisite Holders in writing that the total amount of Registrable Securities requested to be included in such offering would exceed the maximum amount of securities which can be marketed at a price reasonably related to the current fair market value of such securities without adversely affecting such offering (the "Underwriters Maximum Number"), the Company will be required to include in such registration to the extent of the Underwriters Maximum Number: first, all of the Registrable Securities requested to be included in such registration by the Holders thereof, allocated pro rata among such Holders on the basis of the number of Registrable Securities requested to be included therein by each such Holder; and second, any equity securities requested to be included in such registration by the Company and any other holders of such securities, allocated as determined by the Company subject to any agreements between the Company and any such holders.

Underwritten Demand Registrations. The offering of the Registrable Securities pursuant to such any Demand Registration shall be in the form of an underwritten offering except for one such Demand Registration which may be for a shelf registration in compliance with the provisions of this Section 2offering. In the event the managing underwriter or underwriters of the with respect to a Demand Registration advise the Company and the Requisite Demanding Holders in writing that the total amount of Registrable Securities requested to be included in such offering offering, together with any other shares of Common Stock that the Company intends to have included in such offering, would exceed the maximum amount of securities which can be marketed at a price reasonably related to the current fair market value of such securities without adversely affecting such offering (the "Underwriters “Underwriters’ Maximum Number"”), the Company initial filing of the registration statement for such Demand Registration will be required to include in such registration prepared on the basis that the offering will include, up to the extent of the Underwriters Underwriters’ Maximum Number: first, all of the Registrable Securities requested to be included in such registration by the Holders thereof, allocated pro rata among such Holders on the basis of the number of Registrable Securities requested to be included therein by each such Holder; and second, any equity securities requested shares of Common Stock to be included in such registration by the Company and or any other holders of such securitiesshares of Common Stock, allocated as determined by the Company Company, subject to any applicable agreements between the Company and any such holders.

Underwritten Demand Registrations. The offering of the Registrable Securities pursuant to such Demand Registration shall be in the form of an underwritten offering except for one such Demand Registration which may be for a shelf registration in compliance with the provisions of this Section 2. In the event the managing underwriter or underwriters of the Demand Registration advise the Company and the Requisite Holders in writing that the total amount of Registrable Securities requested to be included in such offering would exceed the maximum amount of securities which can be marketed at a price reasonably related to the current fair market value of such securities without adversely affecting such offering (the "Underwriters Maximum Number"), the Company will be required to include in such registration to the extent of the Underwriters Maximum Number: first, all of the Registrable Securities requested to be included in such registration by the Holders thereof, allocated pro rata among such Holders on the basis of the number of Registrable Securities requested to be included therein by each such Holder; , and second, any equity securities requested to be included in such registration by the Company and any other holders of such securities, allocated as determined by the Company subject to any agreements between the Company and any such holders.

Underwritten Demand Registrations. The offering of the Registrable Securities pursuant to such any Demand Registration shall be in the form of an underwritten offering except for one such Demand Registration which may be for a shelf registration in compliance with the provisions of this Section 2offering. In the event the managing underwriter or underwriters of the with respect to a Demand Registration advise the Company and the Requisite Demanding Holders in writing that the total amount of Registrable Securities requested to be included in such offering offering, together with any other shares of Common Stock that the Company intends to have included in such offering, would exceed the maximum amount of securities which can be marketed at a price reasonably related to the current fair market value of such securities without adversely affecting such offering (the "Underwriters Underwriters' Maximum Number"), the Company initial filing of the registration statement for such Demand Registration will be required to include in such registration prepared on the basis that the offering will include, up to the extent of the Underwriters Underwriters' Maximum Number: first, all of the Registrable Securities requested to be included in such registration by the Holders thereof, allocated pro rata among such Holders on the basis of the number of Registrable Securities requested to be included therein by each such Holder; and second, any equity securities requested shares of Common Stock to be included in such registration by the Company and or any other holders of such securitiesshares of Common Stock, allocated as determined by the Company Company, subject to any applicable agreements between the Company and any such holders.