Common use of Registration Upon Demand Clause in Contracts

Registration Upon Demand. At any time on or after the first anniversary of the Closing Date, one or more holders that in the aggregate beneficially own at least 20% of the Registrable Securities may make a demand that the Company effect the registration of all or part of such Holders' Registrable Securities (an "S-3 Demand Registration"). Upon receipt of a valid request for an S-3 Demand Registration, the Company shall promptly, in and any event no later than 15 days after such receipt, notify all other Holders of the making of such demand and shall use its reasonable efforts to register under the Act as expeditiously as may be practicable the Registrable Securities which Holders have requested the Company to register in accordance with this Section 2.1. Notwithstanding the foregoing, the Company shall not be required to effect any registration if the number of Registrable Securities that the Company shall have been requested to register shall, in the aggregate, be less than 10% of the number of shares of Class B Common Stock purchased by the Investor on the Closing Date. The Holders shall have the right to two (2) S-3 Demand Registrations pursuant to this Section 2.1(a).

Registration Upon Demand. At any time on or (i) For a period of three years after the first anniversary of the Closing DateAugust 1, 2003, one or more holders Holders that in the aggregate beneficially own at least 2050% of the Registrable Securities may make a demand that the Company effect the registration of all or part of such Holders' Registrable Securities (an a "S-3 Demand Registration"). Upon receipt of a valid request for an S-3 a Demand Registration, the Company shall promptly, and in and any event no later than 15 days after such receipt, notify all other Holders of the making of such demand and shall use its reasonable best efforts to register under the Act as expeditiously as may be practicable the Registrable Securities which that Holders have requested the Company to register in accordance with this Section 2.1. Notwithstanding the foregoing, the Company shall not be required to effect any registration if the number of Registrable Securities that the Company shall have been requested to register shall, in the aggregate, be have a current market value of less than 10% of the number of shares of Class B Common Stock purchased by the Investor on the Closing Date$5,000,000. The Holders shall have the right to two (2) S-3 one Demand Registrations Registration pursuant to this Section 2.1(a2.1(a)(i). Notwithstanding Section 2.1(a)(ii), if any registration demand is made by Holders beneficially owning 50% or more of the Registrable Securities, and no Demand Registration has been made prior to such time, then such registration demand shall be treated for purposes of this Agreement as a Demand Registration, regardless of the registration form used (including Form S-3).

Registration Upon Demand. At any time on or after the first anniversary of the Closing Date, one or more holders Holders that in the aggregate beneficially own at least 20% of the Registrable Securities may make a demand that the Company effect the registration of all or part of such Holders' Registrable Securities (an a "S-3 Demand Registration"). Upon receipt of a valid request for an S-3 a Demand Registration, the Company shall promptly, and in and any event no later than 15 days after such receipt, notify all other Holders of the making of such demand and shall use its reasonable efforts to register under the Act as expeditiously as may be practicable the Registrable Securities which Holders have requested the Company to register in accordance with this Section 2.1. Notwithstanding the foregoing, the Company shall not only be required to effect any a registration if the number of Registrable Securities that the Company shall have been requested to register shall, in the aggregate, be less than 10(i) represent at least 20% of the number Initially Issued Number or (ii) represent all of shares of Class B Common Stock purchased the Registrable Securities then held by the Investor on the Closing Dateall Holders. The Holders shall together have the right to two (2) S-3 Demand Registrations pursuant to this Section 2.1(a), provided, however, that no more than one such Demand Registration may be requested in any 12 month period.

Registration Upon Demand. At any time on or after the first ------------------------ anniversary of the Closing Date, one or more holders Holders that in the aggregate beneficially own at least 20% of the Registrable Securities may make a demand that the Company effect the registration of all or part of such Holders' Registrable Securities (an a "S-3 Demand Registration"). Upon receipt of a valid request for an S-3 a Demand Registration, the Company shall promptly, and in and any event no later than 15 days after such receipt, notify all other Holders of the making of such demand and shall use its reasonable efforts to register under the Act as expeditiously as may be practicable the Registrable Securities which Holders have requested the Company to register in accordance with this Section 2.1. Notwithstanding the foregoing, the Company shall not only be required to effect any a registration if the number of Registrable Securities that the Company shall have been requested to register shall, in the aggregate, be less than 10(i) represent at least 20% of the number Initially Issued Number or (ii) represent all of shares of Class B Common Stock purchased the Registrable Securities then held by the Investor on the Closing Dateall Holders. The Holders shall together have the right to two (2) S-3 Demand Registrations pursuant to this Section 2.1(a), provided, however, that no more than one such Demand Registration may be requested in any 12 month period.

Registration Upon Demand. At any time on or after the first anniversary of the Closing Date, one or more holders Holders that in the aggregate beneficially own at least 20% of the Registrable Securities may make a demand that the Company effect the registration of all or part of such Holders' ’ Registrable Securities (an "S-3 a “Demand Registration"”). Upon receipt of a valid request for an S-3 a Demand Registration, the Company shall promptly, and in and any event no later than 15 days after such receipt, notify all other Holders of the making of such demand and shall use its reasonable efforts to register under the Act as expeditiously as may be practicable the Registrable Securities which Holders have requested the Company to register in accordance with this Section 2.1. Notwithstanding the foregoing, the Company shall not only be required to effect any a registration if the number of Registrable Securities that the Company shall have been requested to register shall, in the aggregate, be less than 10(i) represent at least 20% of the number Initially Issued Number or (ii) represent all of shares of Class B Common Stock purchased the Registrable Securities then held by the Investor on the Closing Dateall Holders. The Holders shall together have the right to two (2) S-3 Demand Registrations pursuant to this Section 2.1(a), provided, however, that no more than one such Demand Registration may be requested in any 12 month period.

Registration Upon Demand. At any time on or after the first anniversary of date that is 18 months after the Closing Date, one or more holders Holders that in the aggregate beneficially own at least 20% of the Registrable Securities may make a demand that the Company effect the registration of all or part of such Holders' ’ Registrable Securities (an "S-3 a “Demand Registration"”). Upon receipt of a valid request for an S-3 a Demand Registration, the Company shall promptly, and in and any event no later than 15 days after such receipt, notify all other Holders of the making of such demand and shall use its reasonable efforts to register under the Act as expeditiously as may be practicable the Registrable Securities which Holders have requested the Company to register in accordance with this Section 2.1. Notwithstanding the foregoing, the Company shall not only be required to effect any a registration if the number of Registrable Securities that the Company shall have been requested to register shall, in the aggregate, be less than 10(i) represent at least 50% of the number Initially Issued Number or (ii) represent all of shares of Class B Common Stock purchased the Registrable Securities then held by the Investor on the Closing Dateall Holders. The Holders shall together have the right to two (2) S-3 Demand Registrations pursuant to this Section 2.1(a), provided, however, that no more than one such Demand Registration may be requested in any 12 month period.

Registration Upon Demand. At any time on or (i) For a period of [three years] after the first anniversary of the Closing DateAugust 1, 2003, one or more holders Holders that in the aggregate beneficially own at least 2050% of the Registrable Securities may make a demand that the Company effect the registration of all or part of such Holders' Registrable Securities (an a "S-3 Demand Registration"). Upon receipt of a valid request for an S-3 a Demand Registration, the Company shall promptly, and in and any event no later than 15 days after such receipt, notify all other Holders of the making of such demand and shall use its reasonable best efforts to register under the Act as expeditiously as may be practicable the Registrable Securities which that Holders have requested the Company to register in accordance with this Section 2.1. Notwithstanding the foregoing, the Company shall not be required to effect any registration if the number of Registrable Securities that the Company shall have been requested to register shall, in the aggregate, be have a current market value of less than 10% of the number of shares of Class B Common Stock purchased by the Investor on the Closing Date$5,000,000. The Holders shall have the right to two (2) S-3 one Demand Registrations Registration pursuant to this Section 2.1(a2.1(a)(i). Notwithstanding Section 2.1(a)(ii), if any registration demand is made by Holders beneficially owning 50% or more of the Registrable Securities, and no Demand Registration has been made prior to such time, then such registration demand shall be treated for purposes of this Agreement as a Demand Registration, regardless of the registration form used (including Form S-3).