Common use of Limitations on Demand Registrations Clause in Contracts

Limitations on Demand Registrations. The Company shall not be obligated to (i) effect more than two (2) Demand Registrations in respect of the Demand Registrable Securities held by Xxxxx, (ii) effect more than two (2) Demand Registrations in respect of the Demand Registrable Securities held by Rho, (iii) effect more than one (1) Demand Registration in any six (6) month period or (iv) effect any Demand Registration where the aggregate price to the public of the Demand Registrable Securities proposed to be sold is less than $10 million. The managing underwriter or underwriters of a Demand Registration shall be a nationally recognized investment banking firm selected by the Company with the consent of the Demanding Holders, which consent will not be unreasonably delayed or withheld (the “Approved Underwriter”). If Xxxxx and/or Rho participates in an offering pursuant to Section 2.4.1, Xxxxx and/or Rho, as applicable, will be deemed to have used one (1) of its Demand Registrations to the extent the conditions set forth in Section 2.5.4 are satisfied and Xxxxx and/or Rho, as applicable, was permitted by the Company Underwriter, in writing, to include in such offering at least 50% of the Registrable Securities owned by Xxxxx and/or Rho, as applicable, as of the date of this Agreement, or such lesser number as was requested by Xxxxx and/or Rho to be included in such offering.

Limitations on Demand Registrations. The Company shall not be obligated to (i) effect more than two (2) Demand Registrations in respect of the Demand Registrable Securities held by XxxxxSoros, (ii) effect more than two (2) Demand Registrations in respect of respexx xx the Demand Registrable Securities held by Rho, (iii) effect more than one (1) Demand Registration in any six (6) month period or (iv) effect any Demand Registration where the aggregate price to the public of the Demand Registrable Securities proposed to be sold is less than $10 million. The managing underwriter or underwriters of a Demand Registration shall be a nationally recognized investment banking firm selected by the Company with the consent of the Demanding Holders, which consent will not be unreasonably delayed or withheld (the “"Approved Underwriter”"). If Xxxxx Soros and/or Rho participates in an offering pursuant to Section 2.4.12.0.0, Xxxxx Soros and/or Rho, as applicable, will be deemed to have used one (10) of xx its Demand Registrations to the extent the conditions set forth in Section 2.5.4 are satisfied and Xxxxx Soros and/or Rho, as applicable, was permitted by the Company UnderwriterUndexxxxxer, in writing, to include in such offering at least 50% of the Registrable Securities owned by Xxxxx Soros and/or Rho, as applicable, as of the date of this Agreement, or such xx xuch lesser number as was requested by Xxxxx Soros and/or Rho to be included in such offering.

Limitations on Demand Registrations. The Company shall not be obligated to (i) effect more than two (2) Demand Registrations in respect of the Demand Registrable Securities held by XxxxxSoros, (ii) effect more effxxx xore than two (2) Demand Registrations in respect of the Demand Registrable Securities held by Rho, (iii) effect more than one (1) Demand Registration in any six (6) month period or (iv) effect any Demand Registration where the aggregate price to the public of the Demand Registrable Securities proposed to be sold is less than $10 million. The managing underwriter or underwriters of a Demand Registration shall be a nationally recognized investment banking firm selected by the Company with the consent of the Demanding Holders, which consent will not be unreasonably delayed or withheld (the “"Approved Underwriter”"). If Xxxxx Soros and/or Rho participates Rhx xxxticipates in an offering pursuant to Section 2.4.1, Xxxxx Soros and/or RhoRhx, as xx applicable, will be deemed to have used one (1) of its Demand Registrations to the extent the conditions set forth in Section 2.5.4 are satisfied and Xxxxx Soros and/or RhoRhx, as xx applicable, was permitted by the Company Underwriter, in writing, to include in such offering at least 50% of the Registrable Securities owned by Xxxxx Soros and/or RhoRhx, as xx applicable, as of the date of this Agreement, or such lesser number as was requested by Xxxxx Soros and/or Rho to Rhx xx be included in such offering.