Common use of Limitations on Demand Registrations Clause in Contracts

Limitations on Demand Registrations. The Company shall not be obligated to (i) effect more than two (2) Demand Registrations in respect of the Demand Registrable Securities held by ▇▇▇▇▇, (ii) effect more than two (2) Demand Registrations in respect of the Demand Registrable Securities held by Rho, (iii) effect more than one (1) Demand Registration in any six (6) month period or (iv) effect any Demand Registration where the aggregate price to the public of the Demand Registrable Securities proposed to be sold is less than $10 million. The managing underwriter or underwriters of a Demand Registration shall be a nationally recognized investment banking firm selected by the Company with the consent of the Demanding Holders, which consent will not be unreasonably delayed or withheld (the “Approved Underwriter”). If ▇▇▇▇▇ and/or Rho participates in an offering pursuant to Section 2.4.1, ▇▇▇▇▇ and/or Rho, as applicable, will be deemed to have used one (1) of its Demand Registrations to the extent the conditions set forth in Section 2.5.4 are satisfied and ▇▇▇▇▇ and/or Rho, as applicable, was permitted by the Company Underwriter, in writing, to include in such offering at least 50% of the Registrable Securities owned by ▇▇▇▇▇ and/or Rho, as applicable, as of the date of this Agreement, or such lesser number as was requested by ▇▇▇▇▇ and/or Rho to be included in such offering.

Limitations on Demand Registrations. The Company shall not be obligated to (i) effect more than two (2) Demand Registrations in respect of the Demand Registrable Securities held by ▇▇▇▇▇Soros, (ii) effect more than two (2) Demand Registrations in respect of respe▇▇ ▇▇ the Demand Registrable Securities held by Rho, (iii) effect more than one (1) Demand Registration in any six (6) month period or (iv) effect any Demand Registration where the aggregate price to the public of the Demand Registrable Securities proposed to be sold is less than $10 million. The managing underwriter or underwriters of a Demand Registration shall be a nationally recognized investment banking firm selected by the Company with the consent of the Demanding Holders, which consent will not be unreasonably delayed or withheld (the “"Approved Underwriter”"). If ▇▇▇▇▇ Soros and/or Rho participates in an offering pursuant to Section 2.4.12.▇.▇, ▇▇▇▇▇ Soros and/or Rho, as applicable, will be deemed to have used one (1▇) of ▇▇ its Demand Registrations to the extent the conditions set forth in Section 2.5.4 are satisfied and ▇▇▇▇▇ Soros and/or Rho, as applicable, was permitted by the Company UnderwriterUnde▇▇▇▇▇er, in writing, to include in such offering at least 50% of the Registrable Securities owned by ▇▇▇▇▇ Soros and/or Rho, as applicable, as of the date of this Agreement, or such ▇▇ ▇uch lesser number as was requested by ▇▇▇▇▇ Soros and/or Rho to be included in such offering.

Limitations on Demand Registrations. The Company shall not be obligated to (i) effect more than two (2) Demand Registrations in respect of the Demand Registrable Securities held by ▇▇▇▇▇Soros, (ii) effect more eff▇▇▇ ▇ore than two (2) Demand Registrations in respect of the Demand Registrable Securities held by Rho, (iii) effect more than one (1) Demand Registration in any six (6) month period or (iv) effect any Demand Registration where the aggregate price to the public of the Demand Registrable Securities proposed to be sold is less than $10 million. The managing underwriter or underwriters of a Demand Registration shall be a nationally recognized investment banking firm selected by the Company with the consent of the Demanding Holders, which consent will not be unreasonably delayed or withheld (the “"Approved Underwriter”"). If Soros and/or Rh▇ ▇▇▇▇▇ and/or Rho participates ticipates in an offering pursuant to Section 2.4.1, Soros and/or Rh▇▇▇, ▇▇ and/or Rho, as applicable, will be deemed to have used one (1) of its Demand Registrations to the extent the conditions set forth in Section 2.5.4 are satisfied and Soros and/or Rh▇▇▇, ▇▇ and/or Rho, as applicable, was permitted by the Company Underwriter, in writing, to include in such offering at least 50% of the Registrable Securities owned by Soros and/or Rh▇▇▇, ▇▇ and/or Rho, as applicable, as of the date of this Agreement, or such lesser number as was requested by ▇▇▇Soros and/or Rh▇ ▇▇ and/or Rho to be included in such offering.