Common use of Limits on the Number of Demand Registrations Clause in Contracts

Limits on the Number of Demand Registrations. The Holders may request only five (5) Demand Registrations and not more than one Demand Registration in any twelve month period. A registration will not count as a Demand Registration hereunder (x) (i) until it has become effective and (ii) unless the Holders of Registrable Securities requested to be included in such Demand Registration are able to register and sell all of the Registrable Securities requested to be included in such registration (provided, if such registration is made on Form S-1, such Registration Statement need only be effective for a period of 180 consecutive days) or (y) if the Company shall sell any Common Stock in the registration resulting from such Demand Registration (in which case the request for a Demand Registration shall be deemed a request for a Piggyback Registration pursuant to Section 1.2(a)). The Company will pay all registration expenses in connection with (x) any Demand Registration requested hereunder and (y) any registration initiated as a Demand Registration requested hereunder which subsequently becomes other than a Demand Registration.

Limits on the Number of Demand Registrations. The Holders may request only five (5) Demand Registrations and not more than one Demand Registration in any twelve month period. A registration will not count as a Demand Registration hereunder (x) (i) until it has become effective and (ii) unless the Holders of Registrable Securities requested to be included in such Demand Registration are able to register and sell all of the Registrable Securities requested to be included in such registration (provided, if such registration is made on Form S-1, such Registration Statement need only be effective for a period of 180 90 consecutive days) or (y) if the Company shall sell any Common Stock in the registration resulting from such Demand Registration (in which case the request for a Demand Registration shall be deemed a request for a Piggyback Registration pursuant to Section 1.2(a)). The Company will pay all registration expenses in connection with (x) any Demand Registration requested hereunder and (y) any registration initiated as a Demand Registration requested hereunder which subsequently becomes other than a Demand Registration.