Demand Registration Rights definition
Examples of Demand Registration Rights in a sentence
In the event the Company has filed a Registration Statement under the Act pursuant to an IPO or will do so within sixty days of its receipt of a Demand Registration request, the Company shall have the right to delay the exercise of the Demand Registration Rights until the completion of the Company's IPO; but in no event shall such delay exceed an aggregate of one hundred twenty (120) days.
To the extent the Underwriter shall determine not to include some or all of the Demand Registrable Securities, then the Demand Registration Rights shall continue to be in force and effect as to such Demand Registrable Securities which has not been registered.
Such Demand Registration Rights shall be available beginning two (2) years after the Closing Date and ending five (5) years after the Closing Date.
The Demand Registration Rights may be delayed by the Company for a period of sixty days on one occasion only every twelve months, except in the event of an initial public offering ("IPO") of its securities.
The Company shall only be required to file one Registration Statement (as distinguished from supplements or pre-effective or post-effective amendments thereto) in response to the exercise by the Demanding Holders of their Demand Registration Rights pursuant to the provisions of this Section 4.