Demand Initiating Holders definition

Demand Initiating Holders has the meaning set forth in Section 3.2(a).

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Demand Initiating Holders means the Sponsor Investors or the Sharma Investors, as applicable, who request a Demand Registration pursuant to Section 1(a).

Demand Initiating Holders shall have the meaning set forth in Section 2(b).

Examples of Demand Initiating Holders in a sentence

• A majority-in-interest of the Demand Initiating Holders shall have the right to withdraw from a Demand Registration for any or no reason whatsoever upon written notification to PubCo and any Underwriter or Underwriters of their intention to withdraw from such Demand Registration prior to the effectiveness of the Registration Statement filed with the SEC with respect to the Registration of their Registrable Securities pursuant to such Demand Registration.

• If the Demand Initiating Holders intend to distribute the Registrable Securities covered by their demand by means of an Underwritten Offering, they shall so advise PubCo as part of their demand made pursuant to this Section 2.2, and PubCo shall include such information in the written notice referred to in Section 2.2(a)(i).