Size of Demand Registration. The Company shall not be required to effect a Demand Registration of less than a fair market value, based on the closing market price on the trading day immediately prior to the date of notice (as reported in the Wall Street Journal), of $10,000,000, except that if the fair market value, based on the closing market price on the trading day immediately prior to the date of notice (as reported in the Wall Street Journal), of the Registrable Securities outstanding is less than $10,000,000, then the Company shall be required to effect a Demand Registration of all of the remaining Registrable Securities outstanding.
Appears in 7 contracts
Samples: Registration Rights Agreement (Arv Assisted Living Inc), Registration Rights Agreement (Prometheus Assisted Living LLC), Registration Rights Agreement (Prometheus Southeast Retail LLC)
