Common use of Right to Demand Clause in Contracts

Right to Demand. At any time and from time to time after June 5, 2000, each of Nassau, Kamine, AT&T and the Majority Series C Holders (each of which is referred to in this Section 6 as a "Demand Holder") may request the Company to register its Registrable Securities in the manner set forth herein by written notice (the "REGISTRATION NOTICE") to the Company only if a disposition of the Registrable Securities may not, in the opinion of the Demand Holder, be effected in the public marketplace (as opposed to a private transaction under the Securities Act) at equally favorable net terms to the Demand Holder without registration of such shares under the Securities Act. In the event that the Company receives a Registration Notice, the Company shall effect a registration under the Securities Act of the number of Registrable Securities determined in accordance with Section 6.1(c) on Form S-1 or any similar long-form registration ("LONG-FORM REGISTRATIONS") or on Form S-2 or S-3 or any similar short-form registration ("SHORT-FORM REGISTRATIONS") if available. All registrations requested pursuant to this Section 6.1(a) are referred to herein as "DEMAND REGISTRATIONS.

Appears in 1 contract

Samples: Stockholders Agreement (KMC Telecom Holdings Inc)

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Right to Demand. At any time and from time to time after following (i) June 5, 20002000 or (ii) the Demand Rights Commencement Date, as specified in Section 6.1(b), each of Nassau, Kamine, AT&T and the Majority Series C Holders (each of which is referred to in this Section 6 as a "Demand Holder") may request the Company to register its Registrable Securities in the manner set forth herein by written notice (the "REGISTRATION NOTICE") to the Company only if a disposition of the Registrable Securities may not, in the opinion of the Demand Holder, be effected in the public marketplace (as opposed to a private transaction under the Securities Act) at equally favorable net terms to the Demand Holder without registration of such shares under the Securities Act. In the event that the Company receives a Registration Notice, the Company shall effect a registration under the Securities Act of the number of Registrable Securities determined in accordance with Section 6.1(c) on Form S-1 or any similar long-form registration ("LONG-FORM REGISTRATIONS") or on Form S-2 or S-3 or any similar short-form registration ("SHORT-FORM REGISTRATIONS") if available. All registrations requested pursuant to this Section 6.1(a) are referred to herein as "DEMAND REGISTRATIONS.Section

Appears in 1 contract

Samples: Stockholders Agreement (KMC Telecom Holdings Inc)

Right to Demand. At Subject to Section 6.1(b), at any time and from time to time after June 5, 2000, each of Nassau, Kamine, AT&T following the Demand Rights Commencement Date and the Majority Series C Holders applicable events specified in Section 6.1(b), the applicable parties set forth in Section 6.1(b) (each of which is referred to in this Section 6 as a "Demand HolderDEMAND HOLDER") may request the Company to register its their Registrable Securities in the manner set forth herein by written notice (the "REGISTRATION NOTICE") to the Company only if a disposition of the Registrable Securities may not, in the opinion of the Demand Holder, be effected in the public marketplace (as opposed to a private transaction under the Securities Act) at equally favorable net terms to the Demand Holder without registration of such shares under the Securities Act. In the event that the Company receives a Registration Notice, the Company shall effect a registration under the Securities Act of the number of Registrable Securities determined in accordance with Section 6.1(c) on Form S-1 or any similar long-form registration ("LONG-FORM REGISTRATIONS") or on Form S-2 or S-3 or any similar short-form registration ("SHORT-FORM REGISTRATIONS") if available. All registrations requested pursuant to this Section 6.1(a) 6.1 are referred to herein as "DEMAND REGISTRATIONS."

Appears in 1 contract

Samples: Stockholders Agreement (KMC Telecom Holdings Inc)

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Right to Demand. At any time and from time to time after following the earlier of June 5, 20002000 and the Demand Rights Commencement Date, each of Nassau, Kamine, AT&T and the Majority Series C Holders (each of which is referred to in this Section 6 as a "Demand Holder") may request the Company to register its Registrable Securities in the manner set forth herein by written notice (the "REGISTRATION NOTICE") to the Company only if a disposition of the Registrable Securities may not, in the opinion of the Demand Holder, be effected in the public marketplace (as opposed to a private transaction under the Securities Act) at equally favorable net terms to the Demand Holder without registration of such shares under the Securities Act. In the event that the Company receives a Registration Notice, the Company shall effect a registration under the Securities Act of the number of Registrable Securities determined in accordance with Section 6.1(c) on Form S-1 or any similar long-form registration ("LONG-FORM REGISTRATIONS") or on Form S-2 or S-3 or any similar short-form registration ("SHORT-FORM REGISTRATIONS") if available. All registrations requested pursuant to this Section 6.1(a) are referred to herein as "DEMAND REGISTRATIONS.

Appears in 1 contract

Samples: Stockholders Agreement (KMC Telecom Holdings Inc)

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