Collective Demand definition
Examples of Collective Demand in a sentence
In the event that the Company so elects to effect such a primary registration after receiving a Demand Request, the Major Stockholders shall retain their rights pursuant to this Section 3.1 as if the related Demand Request was not made and such registration shall not count as an Individual Demand or a Collective Demand, as applicable, or one of the permitted registrations of the Major Stockholders or their transferees under this Section 3.1.
In the event of a Collective Demand, each of the Swiss Re Holders and the Reliance Holders shall be deemed to have made a Registration Demand (subject to Section 2.2 hereof).
If a Group elects to exercise an Individual Demand ("Exercising Party"), the other Group ("Non-Exercising Party") may elect to include its Common Stock in the related registration on a pari passu basis, in which case such demand will cease to be an Individual Demand and will constitute a Collective Demand; provided, that no Group may elect to include its Common Stock in an Individual Demand of the other Group on a pari passu basis more than one time.
In the event that the Company so elects to effect such a primary registration after receiving a Demand Request, the Major Stockholders shall retain their rights pursuant to this SECTION 3.1 as if the related Demand Request was not made and such registration shall not count as an Individual Demand or a Collective Demand, as applicable, or one of the permitted registrations of the Major Stockholders or their transferees under this SECTION 3.1.