Number of Registrations; Expenses. The Company shall not be obligated to effect more than one registration or takedown of Registrable Securities pursuant to requests from Requesting Holders under this Section 3(a) in the 180-day period immediately following the effective date of the last registration or takedown of Registrable Securities. The Company shall pay all Registration Expenses in connection with the first six registrations and all takedowns that the Requesting Holders request pursuant to this Section 3(a), including expenses in connection with any prospectus supplement reasonably necessary to effectuate a Takedown Option. The Requesting Holders and, if applicable, the Other Holders that requested that their Registrable Securities be registered and the Company shall pay all Registration Expenses in connection with later registrations pursuant to this Section 3(a) pro rata according to the number of Registrable Securities registered by each of them pursuant to such registration. However, in connection with all registrations and all takedowns, each Shareholder shall pay all underwriting discounts and commissions and transfer taxes, if any, relating to the sale or disposition of such Shareholder’s Registrable Securities pursuant to this Section 3(a). If the first request hereunder is in connection with or would constitute an initial public offering, the Registrable Securities shall be offered pursuant to a firm commitment underwriting.
Number of Registrations; Expenses. The Company shall not be --------------------------------- obligated to effect more than one (1) Effective Registration of Registrable Securities pursuant to a request from Holder under this Section 1.1 during the term of this Agreement. The Company shall pay all Registration Expenses in connection with such Registration which Holder is entitled to request pursuant to this Section 1.1. However, Holder shall pay all underwriting discounts and commissions and transfer taxes, if any, relating to the sale or disposition of Holder's Registrable Securities pursuant to this Section 1.1. Notwithstanding any other provisions contained in this Section 1.1, the Company shall not be required to register any Registrable Securities in connection with a request for such Registration made in accordance with this Section 1.1 within 180 days following the effective date of any registration statement (other than a registration statement on Form S-8) filed by the Company.
Number of Registrations; Expenses. The Company shall not be obligated to effect more than three Registrations of Registrable Securities pursuant to requests from the Holders of Registrable Securities under this Section 10.01 during the term of this Agreement. The Company shall pay all Registration Expenses in connection with the three Registrations which the Holders of Registrable Securities are entitled to request pursuant to this Section 10.01. However, each Holder of Registrable Securities shall pay all underwriting discounts and commissions and transfer taxes, if any, relating to the sale or disposition of such Holder's Registrable Securities pursuant to this Section 10.01. Notwithstanding any other provisions contained in this Section 10.01, the Company shall not be required to register any Registrable Securities pursuant to an Effective Registration Statement in connection with a request for such Registration made in accordance with this Section 10.01 if any previous Registration Statement became Effective less than 180 days prior to such request.
Number of Registrations; Expenses. The Company shall not be obligated to effect more than two registrations in the aggregate pursuant to requests from Requesting Holders under Section 2.1. The Company shall pay all Registration Expenses in connection with each registration that the Company is obligated to effect pursuant to this Section 2.2; provided, that, the Company shall not be required to pay the Registration Expenses of any registration proceeding begun pursuant to this Section 2.2, the request of which has been subsequently withdrawn by the Requesting Holders and the Other Holders, unless the holders of a majority of the Registrable Securities agree that such request will constitute a demand registration pursuant to this Section 2.2. In connection with any registration pursuant to this Article 2, each Shareholder shall pay (i) all underwriting discounts and commissions and transfer taxes, if any, relating to the sale or disposition of such Shareholder's Registrable Securities and (ii) its pro rata share (based upon the number of Registrable Securities sold by all Shareholders) of any fees and expenses of counsel to the Shareholders incurred in connection with such registration.
Number of Registrations; Expenses. Holdings shall not be obligated to effect more than four registrations of Registrable Securities pursuant to requests from Requesting Holders under this Section 2(a); provided, however, that PMI or any of its Affiliates shall have the right to request (A) one additional registration of Registrable Securities provided that it has participated in only one of the original four registrations of Registrable Securities under this Section 2(a), or (B) two additional registrations of Registrable Securities provided that it did not participate in any of the original four registrations of Registrable Securities under this Section 2(a). Holdings shall pay all Registration Expenses in connection with a registration that the Requesting Holders request pursuant to this Section 2(a) (which, for the avoidance of doubt, shall not include underwriting discounts and commissions and transfer taxes, if any, relating to the sale or disposition of any Shareholder’s Registrable Securities pursuant to this Section 2(a)).
Number of Registrations; Expenses. The --------------------------------- Company shall not be obligated to effect more than one registration in any nine-month period of Registrable Securities pursuant to requests from Requesting Stockholders under this Section 3.1(a) and, in any event, no more than two such registrations during the term of this Agreement. Each Stockholder shall pay all underwriting discounts and commissions and transfer taxes, if any, relating to the sale or disposition of such Stockholder's Registrable Securities pursuant to this Section 3.1(a). Notwithstanding any other provisions contained in this Section 3.1(a), the Company shall not be required to register any Registrable Securities pursuant to an effective registration statement in connection with a request for such registration made in accordance with this Section 3.1(a) if the previous registration statement with respect to any request made pursuant to this Section 3.1(a) became effective less than 180 days prior to such request.
Number of Registrations; Expenses. The Company shall not be obligated to effect, or take any action to effect, (i) more than one Demand Registration pursuant to Section 2.1(a)(i) of this Agreement in any twelve month period, (ii) any Demand Registrations pursuant to Section 2.1(a)(i) after the Company has effected two Demand Registrations at the request of the Requisite Series D Holders; (iii) more than one Demand Registration pursuant to Section 2.1(a)(ii), or (iv), more than one Demand Registration pursuant to Section 2.1(a)(iii). The Company shall pay all Registration Expenses in connection with Demand Registrations. Notwithstanding any other provisions contained in this Section 2, the Company shall not be required to (y) register any Registrable Securities pursuant to an Effective Registration Statement in connection with a Demand Registration if any previous Registration Statement became Effective less than 180 days prior to such request; or (z) effect any Demand Registration under Section 2.1(a) unless the market value of the Registrable Securities to be sold in any such Demand Registration shall be estimated to be at least $10,000,000 at the time of filing such Registration Statement.
Number of Registrations; Expenses. The Company shall not be obligated to effect more than two Registrations of Registrable Securities pursuant to requests from the holders of Registrable Securities under this Section 1 during the term of this Agreement. The Company shall pay all Registration Expenses in connection with the first Registration which the holders of Registrable Securities are entitled to request pursuant to this Section 1, provided, however, that the Company shall not be required to pay for any expenses of any Registration Expenses on any Registration begun pursuant to this Section 1 if the Registration request is subsequently withdrawn at the request of a majority of the Holders of a majority of the Registrable Securities to be registered (in which case all participating Holders shall bear such expenses), unless the Holders of a majority of Registrable Securities to be registered agree to forfeit their right to one Demand Registration pursuant to this Section 1; provided further, that if at the time of such withdrawal, the Holders have learned of a material adverse change in the condition, business, or prospects of the Company from that known to the Holders at the time of the request for a Demand Registration, then the Holders shall not be required to pay any of such expenses and shall retain their rights pursuant to the Section 1. Notwithstanding any other provisions contained in this Section 1, the Company shall not be required to register any Registrable Securities pursuant to an Effective Registration Statement in connection with a request for such Registration made in accordance with this Section 1 if any previous Registration Statement became Effective fewer than 180 days prior to such request.
Number of Registrations; Expenses. Montpelier shall not be obligated to effect more than one registration in any 180-day period of Registrable Securities pursuant to requests from Requesting Holders under this Section 4(a). Montpelier shall pay all Registration Expenses in connection with the first six registrations that the Requesting Holders request pursuant to this Section 4(a). The Requesting Holders, and if applicable, the Other Holders that requested that their Registrable Securities be registered and the Company shall pay all Registration Expenses in connection with later registrations pursuant to this Section 4(a) pro rata according to the number of Registrable Securities registered by each of them pursuant to such registration. However, in connection with all registrations, each Shareholder shall pay all underwriting discounts and commissions and transfer taxes, if any, relating to the sale or disposition of such Shareholder's Registrable Securities pursuant to this Section 4(a). If the first request hereunder is in connection with or would constitute an initial public offering, the Registrable Securities shall be offered pursuant to a firm commitment underwriting.
Number of Registrations; Expenses. The Company shall not be obligated to effect more than two registrations of Registrable Securities pursuant to requests from the holders of Registrable Securities under this Section 7.01 during the term of this Agreement. The Company shall pay all Registration Expenses in connection with the two registrations which the holders of Registrable Securities are entitled to request pursuant to this Section 7.01. However, each holder of Registrable Securities shall pay all underwriting discounts and commissions and transfer taxes, if any, relating to the sale or disposition of such holder's Registrable Securities pursuant to this Section 7.01. Notwithstanding any other provisions contained in this Section 7.01, the Company shall not be required to register any Registrable Securities pursuant to an Effective Registration Statement in connection with a request for such registration made in accordance with this Section 7.01 if the previous Registration Statement with
