Trade Demand definition
Examples of Trade Demand in a sentence
Thereafter, at least forty five (45) days prior to the beginning of each Agreement Quarter beginning with January 1, 2010, the JSC shall approve, in accordance with Article , a written forecast, by month, of the expected Trade Demand during the twenty-four (24) month period beginning with such Agreement Quarter (the “Volume Forecast” for such Agreement Quarter).
The notification will specify (i) the Registrable Securities proposed to be sold by the Significant Holder, and (ii) the desired Offering Launch Date for the Underwritten Block Trade (subject to section 2.1(f) herein), which shall not be less than two Business Days following the date on which the Block Trade Demand is provided to the Company.
A “Supply Outage” shall occur if, in any six (6) consecutive Agreement Months, MSRx fails to meet, in at least four (4) of those months or in any two consecutive calendar months, [***] percent ([***]%) of the actual Trade Demand for the Product.
Upon receiving an Underwritten Offering Demand Notice or Block Trade Demand, the Company shall use all commercially reasonable efforts to prepare the applicable offering documents and take such other actions as are set forth in Section 2.4 relating to such offering in order to permit the Offering Launch Date for such underwritten offering to occur on the date set forth in the Underwritten Offering Demand Notice or Block Trade Demand, as applicable.
The Company will coordinate with the initiating Significant Holder in connection with the fulfillment of its responsibilities pursuant to Section 2.4. Subject to Section 2.3, the Company will have the right to include in any Underwritten Offering Demand (but not any Block Trade Demand) Class A Common Stock to be sold for its own account.
The initiating Significant Holder shall have the right to determine the actual Offering Launch Date; provided that, without the Company’s consent (not to be unreasonably withheld, delayed or conditioned), the Offering Launch Date may not be less than three Business Days for a Block Trade Demand or less than seven Business Days for an Underwritten Offering Demand or more than ten Business Days following the date on which the Block Trade Demand is provided to the Company.