Examples of LDC Demand Registration in a sentence
If a proposed LDC Demand Registration involves either a firm or best efforts underwritten offering, the LDC Holder(s) giving the Request Notice with respect to such LDC Demand Registration shall have the right, subject to approval by the Company (which approval shall not be unreasonably withheld), to select the underwriter or underwriters to manage such LDC Demand Registration.
The Company shall have the same rights to piggyback on an LDC Demand Registration as an LDC Holder would have in a Piggyback Registration permitted under Section 2.1.
Any request by one or more Preferred Stock Investor Holders for inclusion in an LDC Demand Registration or an Institutional Investor Demand Registration shall be deemed to be one (1) of the four (4) Demand Registrations permitted hereunder if (i) such request is in respect of at least 1,000,000 shares of Common Stock and (ii) at least 75% of the shares of Common Stock requested for inclusion by the Preferred Stock Investor Holders are so included.
Participation ---- ----- by an Institutional Investor in an LDC Demand Registration shall count as one of the four Demand Registrations that the Institutional Investors have the right to request or participate in a request for pursuant to Section 2.2.1 of the Agreement.
If a proposed LDC Demand -------------------------- Registration involves either a firm or best efforts underwritten offering, the LDC Holder(s) giving the Request Notice with respect to such LDC Demand Registration shall have the right, subject to approval by the Company (which approval shall not be unreasonably withheld), to select the underwriter or underwriters to manage such LDC Demand Registration.
Any request by one or more Institutional Investors for inclusion in a Preferred Stock Investor Demand Registration or an LDC Demand Registration shall be deemed to be one (1) of the four (4) Demand Registrations permitted hereunder if (i) such request is in respect of at least 1,000,000 shares of Common Stock and (ii) at least 75% the shares requested for inclusion by the Institutional Investors are so included.
Clause (i) of the first sentence of the second ---------------- paragraph of Section 2.2.1 of the Agreement is hereby amended by deleting the phrase "as a Piggyback Registration" and inserting in lieu thereof the phrase ", either as a Piggyback Registration or pursuant to the Institutional Investors' participation rights in respect of an LDC Demand Registration (as such term is defined in the Amendment and Waiver dated as of October 30, 1998 to this Agreement),".