Examples of Demand Offering Request in a sentence
The Company shall not be required to comply with this Section 3.3 unless the aggregate Current Market Price of all Demand Offering Securities covered by the Demand Offering Request and the Demand Offering Securities described in Section 3.3(a)(ii) shall be $75 million or more (unless and to the extent the Demand Initiating Holder shall hold less than $75 million of Demand Offering Securities, in which case such minimum offering amount shall be equal to the amount of Demand Offering Securities so held).
In the event that a Demand Offering Request submitted by the Holders pursuant to Section 2.2(a) specifies an underwritten offering as the intended method of distribution for some or all Demand Registrable Securities, such Holders shall have the sole right to select the managing underwriter(s) to administer such underwritten offering; provided, that such managing underwriter(s) must be of nationally recognized standing in the United States and/or Canada, as applicable.
Each Demand Offering Request shall be in writing and shall specify the number of Registrable Securities to be sold by the Holders (the “Demand Registrable Securities”), the method of disposition of such Demand Registrable Securities and the jurisdictions (which may only include one or more of the provinces of Canada and/or the United States) in which the Holders request that the Demand Offering be effected for such Demand Registrable Securities.