Examples of Initial Demand Request in a sentence
If an Initial Demand Request provides for the sale of Registrable Securities in an underwritten offering and an OCHC Party is participating in the related registration, then OCHC shall have the right to select the lead managing underwriter for such underwriting in its sole discretion and to select the other underwriters for such underwriting, subject to the consent of the Company which shall not be unreasonably withheld.
The Initial Demand Request shall specify the number of shares of Registrable Securities proposed to be sold and the manner of distribution.
If the Initial Demand Request or the notice delivered pursuant to Section 1.1(b) provides for the sale of Registrable Securities in an underwritten offering and no OCHC Party is participating, the Company shall have the right to select all underwriters.
In such event, the participating OCHC Party shall specify the proposed underwriters in the Initial Demand Request or the notice delivered pursuant to Section 1.1(b).
Within ten days after receipt of an Initial Demand Request, the Company shall deliver a written notice (the "COMPANY DEMAND NOTICE") of such Initial Demand Request to all other Rightsholders.
The Initial Demand Request shall be required to specify the aggregate number of the Registerable Securities to be included in the Initial Demand Registration, the number of Registerable Securities to be registered for each of the Rightsholders and the intended method(s) of disposition thereof, including whether or not such Initial Demand Registration or portion thereof is to relate to an underwritten offering, the name of the managing underwriter(s), if any, and the terms of any such underwriting.
The Investors shall not be entitled to make an S-3 Request prior to the Initial Demand Request Date.