Common use of Limitation on Demand Registrations Clause in Contracts

Limitation on Demand Registrations. The Company shall not be obligated to take any action to effect any Demand Registration if (x) a Demand Registration or Piggyback Registration was declared effective or an Underwritten Shelf Takedown was consummated within the preceding ninety (90) days or (y) the value of the Registrable Securities proposed to be sold by the initiating Holders is not at least the lesser of twenty-five million dollars ($25 million) and all of such Holder’s Registrable Securities.

Limitation on Demand Registrations. The Company shall not be obligated to take any action to effect any Demand Registration if (x) a Demand Registration or Piggyback Registration was declared effective or an Underwritten Shelf Takedown was consummated within the preceding ninety (90) 90 days or (y) the value of the Registrable Securities proposed to be sold by the initiating Holders is not at least the lesser of twenty-five million dollars ($25 million) 20,000,000 and all of such Holder’s Registrable Securities.

Limitation on Demand Registrations. The Company shall not be obligated to take any action to effect any Demand Registration if (x) a Demand Registration or Piggyback Registration was declared effective or an Underwritten Shelf Takedown was consummated within the preceding ninety (90) days or (y) the value of the Registrable Securities proposed to be sold by the initiating Holders is not at least the lesser of twenty-five ten million dollars ($25 10 million) and all of such Holder’s the Holders’ Registrable Securities. Notwithstanding the foregoing, Tiptree may make no more than four (4) Demand registration Requests in any twelve (12)-month period to the extent the Company is ineligible to file a Registration Statement on Form S-3 (or similar short-form Registration Statement).

Limitation on Demand Registrations. The Company shall not be obligated to take any action to effect any Demand Registration if (xi) a Demand Registration or Piggyback Registration was declared effective or an Underwritten Shelf Takedown was consummated within the preceding ninety (90) days (unless otherwise consented to by the Company) or (yii) the value of the Registrable Securities proposed to be sold by the initiating Holders is not at least the lesser of twenty-less than five million dollars ($25 million5,000,000). The aggregate number of Demand Registrations that might be requested shall not exceed three (3) and all of such Holder’s Registrable Securitiesin any twelve (12)-month period.