Common use of Right to Demand Clause in Contracts

Right to Demand. Upon the terms and subject to the conditions of this Agreement, Holders owning at least a majority of the Outstanding Registrable Securities (the “Requesting Holders”) shall have the right, by written notice delivered to the Company (the “Demand Notice”), to request that the Company register for resale under and in accordance with the provisions of the Securities Act the number of Registrable Securities designated by such Holders (a “Demand Registration”). Promptly following its receipt of a Demand Notice, the Company will notify all other Holders of the proposed registration and allow them the opportunity to include Registrable Securities in such registration. Holders that elect to participate in such registration shall provide written notice of such election to the Company within five days of their receipt of notice from the Company.

Right to Demand. Upon the terms and subject to the conditions of this Agreement, Holders owning at least a majority of the Outstanding Registrable Securities (the “Requesting Holders”) shall have the right, by written notice delivered to the Company (the “Demand Notice”), to request that the Company register for resale under and in accordance with the provisions of the Securities Act the number of Registrable Securities designated by such Holders (a “Demand Registration”). Promptly following its receipt of a Demand Notice, the Company will notify all other Holders Holders, if any, of the proposed registration and allow them the opportunity to include Registrable Securities in such registration. Holders that elect to participate in such registration shall provide written notice of such election to the Company within five ten business days of their receipt of notice from the Company.