Common use of Underwritten Demand Registrations Clause in Contracts

Underwritten Demand Registrations. If the Holders of a majority of shares of the Registrable Securities to be registered in a Demand Registration so elect by written notice to the Company, the offering of such Registrable Securities pursuant to such Demand Registration shall be in the form of an underwritten offering. The Holders of a majority of the shares of Registrable Securities participating in the Demand Registration shall select the Underwriter or Underwriters to serve as book-running manager or managers in connection with any such Demand Registration; provided that such managing Underwriter or Underwriters must be reasonably satisfactory to the Company. The Holders of a majority of the shares of the Registrable Securities participating in the Demand Registration may select any additional investment banks and managers to be used in connection with the offering; provided that such additional investment bankers and managers must be reasonably satisfactory to the Company. To the extent 10% or more of the Registrable Securities requested to be registered in any such Demand Registration are excluded from the offering in accordance with Section 2.4, the Holders of such Registrable Securities shall have the right to one additional Demand Registration under this Section in such 12-month period with respect to such Registrable Securities.

Underwritten Demand Registrations. If the Holders of a majority of shares of the Registrable Securities to be registered in a Demand Registration so elect by written notice to the Company, the offering of such Registrable Securities pursuant to such Demand Registration shall be in the form of an underwritten offering. The Holders of a majority of the shares of Registrable Securities participating in the Demand Registration Company shall select the Underwriter or Underwriters to serve as book-running manager or managers managing Underwriter in connection with any such Demand Registration; provided that such managing Underwriter or Underwriters must be reasonably satisfactory to the Company. The Holders of a majority of the shares of the Registrable Securities participating in the Demand Registration Registration. The Company may select any additional investment banks and managers to be used in connection with the offering; provided that such additional investment bankers and managers must be reasonably satisfactory to a majority of the CompanyHolders making such Demand Registration. To In the case of a Default Demand Registration, to the extent 10% or more of the Registrable Securities so requested to be registered in any such Demand Registration are excluded from the offering in accordance with Section 2.4, the Holders of such Registrable Securities shall have the right to one additional Demand Registration under this Section in such 12twelve-month period with respect to such Registrable Securities.