Requested Registrations. (a) If after the earlier of (i) the fourth anniversary of the date hereof and (ii) the consummation of a public offering by the Company, the Company shall receive from one or more Initial Holders a written request that the Company effect the registration of Registrable Securities representing at least twenty five percent (25%) of the Registrable Securities then outstanding or issuable and the reasonably anticipated aggregate price to the public of the Registrable Securities to be included in such registration would exceed $5 million, in connection with a firm commitment underwriting financed by a nationally recognized underwriter, the Company shall:
(i) promptly give written notice of the proposed registration to all other Holders; and
(ii) as soon as practicable, use its best efforts to effect such registration as may be so requested and as would permit or facilitate the sale and distribution of such portion of such Registrable Securities as are specified in such request, together with such portion of the Registrable Securities of any Holder or Holders joining in such request as are specified in a written request given within thirty (30) days after receipt of such written notice from the Company. If the underwriter managing the offering advises the Holders who have requested inclusion of their Registrable Securities in such registration that marketing considerations require a limitation on the number of shares offered, such limitation shall be imposed pro rata among such Holders who requested inclusion of Registrable Securities in such registration according to the number of Registrable Securities each such Holder requested to be included in such registration. Neither the Company nor any other shareholder may include shares in a registration effected under this Section 7.2 without the consent of the Holders holding a majority of the Registrable Securities sought to be included in such registration if the inclusion of shares by the Company or the other shareholders would limit the number of Registrable Securities sought to be included by the Holders or reduce the offering price thereof. No registration initiated by Initiating Holders hereunder shall count as a registration under this Section 7.2 unless and until it shall have been declared effective.
(iii) the Holders of the Purchased Shares and the Conversion Shares shall have the right to demand registration twice under this Section 7.2(a).
Requested Registrations. 20 7.3 "Piggy Back" Registrations ..........................................21 7.4
Requested Registrations. Commencing at any time following six (6) months after the date hereof, one or more Stockholders may request, in writing, that the Company effect the registration under the Securities Act of Registrable Shares owned by one or more Stockholders, so long as the anticipated aggregate gross proceeds in any such registration are anticipated to exceed CDN$5,000,000 (based upon the average of the last sale prices of the Common Stock for the 15 trading days immediately prior to the date of the written notice of the Stockholders requesting such registration); provided, however, that the Company may delay any such demand registration for up to ninety (90) days if the Board of Directors of the Company determines that such delay is required to avoid disclosure of material nonpublic information until the expiration of such period of time; and provided, further, that the Company may not exercise this deferral right more than once in any twelve (12)-month period. Upon receipt of any such request, the Company shall promptly give written notice of such proposed registration to all Stockholders. Such other Stockholders shall have the right, by giving written notice to the Company within ten (10) days after the Company provides its notice, to elect to have included in such registration such of their Registrable Shares as such Stockholders may request in such notice of election. Thereupon, the Company shall, as expeditiously as possible, use all reasonable efforts to effect the registration of all Registrable Shares that the Company has been requested so to register. If available, the Registrable Shares will be registered on a Form S-3 to be filed by the Company. The Company shall not be required to effect more than one (1) such registration statement in any twelve (12)-month period.
Requested Registrations. (a) Registrations on Form S-1.
Requested Registrations. At any time, but no more frequently than twice, (i) after the exercise of the Warrant pursuant to Section 2, the Holder may, upon written request, require the Company, and the Company shall be obligated, to register such Warrant Shares under the Securities Act as requested by such Holder (referred to herein as a "Requested Registration"), all in accordance with the provisions of this Section 11. If the Company shall be requested by the Holder to effect such a registration pursuant to this Section 11.1, the Company shall promptly give written notice of such proposed registration to all Holders, and shall include in such registration such other Warrant Shares that Holders have, within 30 days after the Company has given notice of the Requested Registration, requested the Company to register.
Requested Registrations. 21 8.3 "Piggy Back" Registrations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 - ii - 4
Requested Registrations. Following its initial Public Offering on a firm commitment, underwritten basis, the Company shall use its best efforts to qualify for registration on Form S 3 promulgated under the Securities Act or any comparable or successor form or forms. After the Company has qualified for the use of Form S 3, in addition to the rights contained in the foregoing provisions of this Section 3, the Eligible Holders of Registrable Securities shall have the right to request registrations on Form S 3 (such requests to be in writing and to state the number of shares of Registrable Securities to be disposed of and the intended methods of disposition of such shares by such Eligible Holder or Holders); provided, however, that the Company shall not be obligated to effect any such registration (i) if the Eligible Holders, together with the Holders of any other Securities entitled to inclusion in such registration, propose to sell Registrable Securities and such other Securities (if any) on Form S 3 at an aggregate price to the public of less than $10,000,000, (ii) in the event that the Company shall furnish the certification described in Subsection 3.1.4 hereof (but subject to the limitations set forth therein), (iii) if the Company has effected a registration of its Securities within 12 months immediately preceding such registration, (iv) with respect to any Securities that may be sold by the Holder thereof under Rule 144, or (v) if it is to be effected more than five (5) years after the Company's initial Public Offering.
Requested Registrations. 19 3.11.2 Incidental Registrations..........................20
Requested Registrations. 29 Section 7.3
Requested Registrations. (a) Registrations on Form S-3.
