Common use of Required Threshold Clause in Contracts

Required Threshold. Any Eligible Holder owning at least One Hundred Sixty-Five Thousand (165,000) Common Stock Equivalents (as such number may be equitably adjusted from time to time to reflect any stock split, stock dividend, recapitalization, reclassification, consolidation or the like) may request (such Person, the "Initiating Holder") that the Company file a Registration Statement under the Securities Act on an appropriate form with respect to at least fifty percent (50%) of the Registrable Securities owned by such Initiating Holder (which form shall be available for the sale of the Registrable Securities in accordance with the intended method or methods of distribution thereof and shall include all financial statements required by the SEC to be filed herewith) covering the shares of Registrable Securities that are the subject of such request and the Company shall file such a Registration Statement.

Required Threshold. Any Eligible Holder owning at least One Hundred Sixty-Five Thousand (165,000100,000) Common Stock Equivalents (as such number may be equitably adjusted from time to time to reflect any stock split, stock dividend, recapitalization, reclassification, consolidation or the like) may request (such Person, the "Initiating Holder") that the Company file a Registration Statement under the Securities Act on an appropriate form with respect to at least fifty percent (50%) of the Registrable Securities owned by such Initiating Holder (which form shall be available for the sale of the Registrable Securities in accordance with the intended method or methods of distribution thereof and shall include all financial statements required by the SEC to be filed herewith) covering the shares of Registrable Securities that are the subject of such request and the Company shall file such a Registration Statement.