Initial Demand Registrations definition
Examples of Initial Demand Registrations in a sentence
After the Corporation is eligible to register securities on Form S-3 (or any successor form), all Demand Rights Holders shall have unlimited rights to request registrations with respect to their Registrable Securities (the “Subsequent Demand Registrations“, referred to collectively, with the Initial Demand Registrations, as the “Demand Registrations“), including registrations for the sale of such Registrable Securities on a delayed or continuous basis pursuant to Rule 415 under the Securities Act.
Notwithstanding the foregoing, the Demand Rights Holders acknowledge and agree that their rights to Initial Demand Registrations set forth in this Section 3.1(a) will terminate once the Corporation is eligible to register securities on Form S-3 (or any successor form) under the Securities Act.