Common use of Demand Request Clause in Contracts

Demand Request. (i) If at any time on and after the date hereof, (i) the Company shall become subject to the reporting requirements of Section 13 or Section 15 of the Securities Exchange Act of 1934, then simultaneous with becoming subject thereto or as soon thereafter as practicable, or (ii) upon the written request therefore (the "Demand Request"), from the Holder, the Company shall prepare and file with the SEC a registration statement under the Act covering the Shares and/or any securities issued in lieu or substitution thereof (collectively, the "Registrable Securities") which are the subject of such request and shall use its best efforts to cause such registration statement to become effect. (ii) If at the time of the Demand Request the Company is in the process of preparing a registration statement under the Act relating to an underwritten public offering, then the Company shall have the right to cause the Holder to include the Registrable Securities in such registration statement unless if in the good faith judgment of the managing underwriter of such public offering the inclusion of such securities would interfere with the successful marketing of the securities being underwritten. To the extent only a portion of the Registrable Securities held by a Holder is included in the underwritten public offering, a registration statement covering those Registrable Securities which are excluded from the underwritten public offering will be filed with 120 days of the consummation of the underwritten public offering. The obligation of the Company this paragraph (a) shall be limited to two registration statements.