Demand Number definition
Examples of Demand Number in a sentence
Subject to the provisions of this Article II, any Holder or group of Holders shall have the right to make a written request (a “Demand Request”) to have Lazard Ltd register under the Securities Act for offer and sale an amount of such Holders’ Registrable Securities that is not less than the Minimum Demand Number a “Demand Registration”), at any time on or after July 1, 2008 (the “Initial Conversion Date”) and prior to the termination of this Agreement.
Subject to the limitations set forth in this Article 2, at any time after December 21, 2002, Holders of not less than the Minimum Demand Number ("Demand Requesting Holders") may deliver a written notice to the Company (a "Demand Request"), requesting that the Company register Registrable Securities held by such Demand Requesting Holders.
If such Demand Registration is not an underwritten offering, the Demanding Holders of a majority of the Registrable Securities to be registered therein shall select a nationally-recognized, independent underwriter, to be subject to the approval of the Company, which approval should not be unreasonably withheld or delayed to advise the Company and the Selling Stockholders concerning the Maximum Demand Number.