ArcLight Holders definition
Examples of ArcLight Holders in a sentence
The ArcLight Holders shall be limited to a total of two (2) Demands (with no more than one (1) Demand in any six (6) month period) under this Section 16.2; provided, however, that a Demand shall not be counted for such purposes if it does not result in the Company filing a registration statement on Form S-1 (or, if the Company is eligible to use Form S-3, on Form S-3) being filed and such registration statement being declared effective by the Commission.
The registration rights under Sections 16.2 and 16.4 shall terminate in all respects with respect to an ArcLight Holder at such time as such ArcLight Holder can sell the applicable Equity Securities under Rule 144 under the Securities Act (taking into account the volume limitations of Rule 144(e)), provided that if at such time the ArcLight Holders have not made at least one Demand pursuant to Section 16.2, the ArcLight Holders shall retain one Demand right pursuant to Section 16.2.
The ArcLight Holders shall be limited to a total of three (3) Demands for an S-3 Registration Statement (with no more than one (1) Demand in any six (6) month period) under this Section 16.4; provided, however, that a Demand for an S-3 Registration Statement shall not be counted for such purposes if it does not result in the Company filing an S-3 Registration Statement and such registration statement being declared effective by the Commission.
In connection with the Transfer of Registrable Securities to an ArcLight Permitted Transferee, the ArcLight Holders may assign (subject to such limitations, conditions and qualifications as are set forth in this Agreement) (x) the right to exercise its two (2) Demands pursuant to this Section 16.2 and (y) the right to participate in any registration pursuant to the terms of Section 16.