Common use of Underwritten Clause in Contracts

Underwritten. Registrations -------------------------- If any Demand Registration is an underwritten offering, the holders of a majority of the Registrable Securities included in such offering shall select the investment banker or bankers and managers to administer the offering; provided, that such investment banker or bankers and managers shall be reason- -------- ably satisfactory to the Company. If any Piggyback Registration is an under- written offering, the Company shall have the right to select the investment banker or investment bankers and managers to administer the offering.

Appears in 2 contracts

Sources: Registration Rights Agreement (Simons Stephen W), Registration Rights Agreement (Turner Paul H)