Minimum Demand Amount definition

Minimum Demand Amount means an amount of Registrable Securities that either (i) is equal to or greater than 500,000 shares of Common Stock (as such number may be adjusted hereafter to reflect any stock dividend, subdivision, recapitalization, reclassification, split, distribution, combination or similar event) or (ii) has an Aggregate Offering Price of at least $5 million.

Minimum Demand Amount has the meaning specified in clause (i) of the definition of “Servicer Termination Event” in this Section 1.01(b).

Minimum Demand Amount has the meaning set forth in Section 3(a).

Examples of Minimum Demand Amount in a sentence

• The Initiating Holders shall have the right, at any time that the Company is legally eligible to file a Shelf Registration Statement, to elect that a Demand Registration be made pursuant to a Shelf Registration Statement (a “Shelf Demand”); provided, that each registration made pursuant to a Shelf Demand must include Registrable Securities in an amount not less than the Minimum Demand Amount.

• The Holders shall have a one-time right to demand registration of an offering under the Securities Act of not more than the Maximum Demand Amount and not less than the Minimum Demand Amount (the “Demand Right”).

• Upon the written request of any Holder received by the Company no later than ten (10) days after the date of receipt of the Company's notice, the Company shall use its reasonable efforts to cause to be registered under the Securities Act all of the Registrable Stock that each such Holder has so requested to be registered; provided that the amount of Registrable Stock included in such registration shall be equal to at least the Minimum Demand Amount but not more than the Maximum Demand Amount.

• Holders of Registrable Stock may initiate any number of demands for registration under this Section 2(a), provided that the amount of Registrable Stock included in each such registration shall be equal to at least 500,000 shares of Common Stock (the "Minimum Demand Amount") and at least 1,200,000 shares of Registrable Stock are outstanding immediately prior to such demand.

• Subject to the limitations set forth in this Article II, during the Registration Period Holders of not less than the Minimum Demand Amount ("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.

More Definitions of Minimum Demand Amount

Minimum Demand Amount means an amount of Registrable Securities that either (i) is equal to or greater than 8 million shares of Common Stock (as such number may be adjusted hereafter to reflect any stock dividend, subdivision, recapitalization, reclassification, split, distribution, combination or similar event) or (ii) has an Aggregate Offering Price of at least $50 million.

Minimum Demand Amount means Twenty Percent (20%) of the aggregate Registrable Securities collectively held by all Holders.

Minimum Demand Amount means, at any time, (a) Registrable Securities with an estimated market value at the time of such demand (based upon the then market price of a Registrable Security of at least ten million dollars ($10,000,000) or (b) 333,000 shares of Common Stock; provided, however, that if at any time after the date hereof, the Company shall: (i) declare a dividend or otherwise make a distribution to the holders of its Common Stock in the form of additional shares of Common Stock, (ii) subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock or (iii) combine its outstanding shares of Common Stock into a smaller number of shares of Common Stock, then the Minimum Demand Amount shall be proportionately adjusted.

Minimum Demand Amount means Registrable Securities representing the lesser of (A) a value (based on the average closing price per Share for the ten Trading Days preceding the delivery of the applicable Demand Notice) of not less than $10 million, and (B) 2.5% of the number of then outstanding Shares.

Minimum Demand Amount means 1,000,000 shares of the outstanding Registrable Securities held by the Majority Restricted Holders (as adjusted from time to time for stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like).

Minimum Demand Amount means

Minimum Demand Amount means an amount of Registrable Securities that either (i) is equal to or greater than 1,000,000 shares of Common Stock (as such number may be adjusted hereafter to reflect any stock dividend, subdivision, recapitalization, reclassification, split, distribution, combination or similarevent) or (ii) has an Aggregate Offering Price of at least $10 million. “Nasdaq” means The Nasdaq Stock Market, Inc.