Second Demand Registration definition
Examples of Second Demand Registration in a sentence
The Second Demand Registration is exercisable once and not prior to six months after the effective date of the Registration Statement filed pursuant to the Initial Demand Registration.
In addition, at any time after the first anniversary of the occurrence of the Closing pursuant to the Merger Agreement and prior to the second anniversary of such Closing, the Stockholder may request, in writing, that the Company effect the registration of up to an aggregate of an additional 200,000 of the Registrable Shares (the "Second Demand Registration").
In either case, if the Rightsholders intend to distribute such Registrable Shares by means of an underwriting, the Stockholder shall so advise the Company within five business days following the Earnings Release, in the case of the First Demand Registration, and in his request, in the case of the Second Demand Registration.
In the event of a Second Demand Registration or an Alternative Demand Registration, FHC agrees to sell only that number of Registrable Shares in any three month period that would be permitted pursuant to the volume restrictions of Rule 144 promulgated under the Act; PROVIDED, HOWEVER, that FHC may aggregate from one three month period to another that number of Registrable Shares that it could have sold, but did not sell, in any prior three month period.
The Shelf Registration statement filed pursuant to this Section 6.2(b) shall remain continuously effective for a period of three (3) years (such period defined herein as the "Second Demand Registration Period").
The Final Demand Registration is exercisable once and not prior to six months after the effective date of the Registration Statement filed pursuant to the Second Demand Registration.
At any time and from time to time on or after the Second Release Date, a majority-in-interest of the Demanding Holders may make a written demand for registration under the Securities Act of all or part of the Registrable Securities (the "Second Demand Registration" and together with the First Demand Registration, a "Demand Registration").
The Final Demand Registration is exercisable once and not (i) prior to six months after the effective date of the Registration Statement filed pursuant to the Second Demand Registration or (ii) after the Termination Date.
If any of the Registrable Securities covered by a Demand Registration are to be sold in an underwritten offering the Board shall have the right to select the managing underwriter or underwriters to administer the offering subject to the approval of ▇▇▇▇▇▇▇▇▇, in the case of a First Demand Registration or Second Demand Registration and the Majority Stockholder, in the case of a Stockholder Demand Registration, in either case, which approval will not be unreasonably withheld, conditioned or delayed.
Subsequent to the Initial Demand Registration, the holders of Registrable Securities then outstanding shall have the right, by written notice delivered to the Company by or on behalf of the holders of at least fifty-one percent (51%) of the remaining Registrable Securities, to require the Company to register (the "Second Demand Registration") under the Securities Act up to one hundred percent (100%) of such remaining Registrable Securities as were not sold pursuant to the Initial Demand Registration.