Common use of Request for Registration by Initiating Holders Clause in Contracts

Request for Registration by Initiating Holders. If the Company shall receive from an Initiating Holder, at any time, a written request that the Company effect any registration with respect to all or a part of the Registrable Securities, the Company will: (i) promptly give written notice of the proposed registration to all other Holders of Registrable Securities; and (ii) as soon as practicable, use its best efforts to effect such registration of the sale of the Registrable Securities requested by the Initiating Holder, together with all or such portion of the Registrable Securities of any other Holder or Holders joining in such request as are specified in written requests received by the Company within 30 days after written notice from the Company is given under Section 1.2(a)(i)above; provided, however, that the Company shall not be obligated to effect, or take any action to effect, any such registration pursuant to this Section 1.2: (1) In any particular jurisdiction in which the Company would be required to execute a general consent to service of process in effecting such registration, unless the Company is already subject to service in such jurisdiction and except as may be required by the Securities Act or applicable rules or regulations thereunder; or (2) After the Company has effected three such registrations pursuant to this Section 1.2 and such registrations have been declared or ordered effective and the sales of such Registrable Securities shall have closed.

Request for Registration by Initiating Holders. If the Company Corporation shall receive from an Initiating Holder, at any timetime following conversion of Series C Preferred into Common Stock and expiration of the Series A Demand Period and Series B Demand Period, a written request that the Company Corporation effect any registration with respect to all or a part of the Registrable Securities, the Company Corporation will: (i) promptly give written notice of the proposed registration to all other Holders of Registrable Securities; and (ii) as soon as practicable, use its best efforts to effect effect, as soon as practicable but in any event within 90 days of receipt of the Initiating Holder's request for registration, such registration of the sale of the Registrable Securities requested by the Initiating Holder, together with all or such portion of the Registrable Securities of any other Holder or Holders joining in such request as are specified in written requests received by the Company Corporation within 30 days after written notice from the Company Corporation is given under Section 1.2(a)(i)above; provided, however, that the Company Corporation shall not be obligated to effect, or take any action to effect, any such registration pursuant to this Section 1.2: (1) In any particular jurisdiction in which the Company Corporation would be required to execute a general consent to service of process in effecting such registration, unless the Company Corporation is already subject to service in such jurisdiction and except as may be required by the Securities Act or applicable rules or regulations thereunder; or (2) After the Company Corporation has effected three one such registrations registration pursuant to this Section 1.2 and such registrations have registration has been declared or ordered effective and the sales of such Registrable Securities shall have closedeffective.

Request for Registration by Initiating Holders. If the Company shall receive from an Initiating Holder, at any timetime following conversion of Series B Preferred into Common Stock and expiration of the Series A Demand Period, a written request that the Company effect any registration with respect to all or a part of the Registrable Securities, the Company will: (i) promptly give written notice of the proposed registration to all other Holders of Registrable Securities; and (ii) as soon as practicable, use its best efforts to effect effect, as soon as practicable but in any event within 90 days of receipt of the Initiating Holder's request for registration, such registration of the sale of the Registrable Securities requested by the Initiating Holder, together with all or such portion of the Registrable Securities of any other Holder or Holders joining in such request as are specified in written requests received by the Company within 30 days after written notice from the Company is given under Section 1.2(a)(i)above; provided, however, that the Company shall not be obligated to effect, or take any action to effect, any such registration pursuant to this Section 1.2: (1) In any particular jurisdiction in which the Company would be required to execute a general consent to service of process in effecting such registration, unless the Company is already subject to service in such jurisdiction and except as may be required by the Securities Act or applicable rules or regulations thereunder; or (2) After the Company has effected three one such registrations registration pursuant to this Section 1.2 and such registrations have registration has been declared or ordered effective and the sales of such Registrable Securities shall have closedeffective.

Request for Registration by Initiating Holders. If the Company shall receive from an Initiating Holder, at any timetime following conversion of Series A Preferred into Common Stock, a written request that the Company effect any registration with respect to all or a part of the Registrable Securities, the Company will: (i) promptly give written notice of the proposed registration to all other Holders of Registrable Securities; and (ii) as soon as practicable, use its best efforts to effect effect, as soon as practicable but in any event within 90 days of receipt of the Initiating Holder's request for registration, such registration of the sale of the Registrable Securities requested by the Initiating Holder, together with all or such portion of the Registrable Securities of any other Holder or Holders joining in such request as are specified in written requests received by the Company within 30 days after written notice from the Company is given under Section 1.2(a)(i)above; provided, however, that the Company shall not be obligated to effect, or take any action to effect, any such registration pursuant to this Section 1.2: (1) In any particular jurisdiction in which the Company would be required to execute a general consent to service of process in effecting such registration, unless the Company is already subject to service in such jurisdiction and except as may be required by the Securities Act or applicable rules or regulations thereunder; or (2) After the Company has effected three one such registrations registration pursuant to this Section 1.2 and such registrations have registration has been declared or ordered effective and the sales of such Registrable Securities shall have closed.