Limitations on Demand Rights. Any Demand by a Registration Party shall include a number of Registrable Securities that equals or is greater than the lesser of (i) 1.0% of the total Registrable Securities then outstanding and (ii) $20 million (such value shall be determined based on the value of such Registrable Securities on the date immediately preceding the date upon which the Demand has been received by the Company).
Appears in 6 contracts
Samples: Registration Rights Agreement (Driven Brands Holdings Inc.), Registration Rights Agreement (Rocket Companies, Inc.), Registration Rights Agreement (Rocket Companies, Inc.)
