Common use of Maximum Number of Demand Registrations Clause in Contracts

Maximum Number of Demand Registrations. The Company shall be obligated to effect only one (1) such registration pursuant to this Section 2.2 for DI, and the Company shall be obligated to effect only six (6) such registrations pursuant to this Section 2.2 for the Control Stockholder; provided, however, that, if the number of Registrable Securities that the Requesting Stockholder is permitted to offer under this Section 2.2 is reduced by more than 50% of the amount such Requesting Stockholder requested to be registered in the Initial Demand Notice as a result of the application of Section 2.2(b), the initial request shall not reduce the number of requests permitted by this Section 2.2(c) pursuant to Section 2.2(a). A Registration shall be effected for purposes of this Section 2.2(c) when and if a registration statement is declared effective by the Commission and the distribution of securities thereunder has been completed without the occurrence of any stop order or proceeding relating thereto suspending the effectiveness of the Registration.

Appears in 3 contracts

Sources: Agreement and Plan of Recapitalization (Halliburton Co), Investor Rights Agreement (Dresser Inc), Investor Rights Agreement (Dresser Inc)

Maximum Number of Demand Registrations. The Company shall be obligated to effect only one four (1) such registration pursuant to this Section 2.2 for DI, and the Company shall be obligated to effect only six (64) such registrations pursuant to this Section 2.2 3.2 for FRC, and only two (2) such registrations pursuant to this Section 3.2 for Odyssey (each of which registrations for FRC and Odyssey shall be deemed a registration for the Control StockholderLLC or its assignee under the Investor Rights Agreement, it being agreed that the rights granted under this Section 3.2 are not in addition to the rights of the LLC under Section 2.2 of the Investor Rights Agreement); provided, however, that, if the number of Registrable Securities that the Requesting Stockholder is permitted to offer under this Section 2.2 3.2 is reduced by more than 50% of the amount such Requesting Stockholder requested to be registered in the Initial Demand Notice as a result of the application of Section 2.2(b3.2(b), the initial request shall not reduce the number of requests permitted by this Section 2.2(c3.2(c) pursuant to Section 2.2(a3.2(a). A Registration shall be effected for purposes of this Section 2.2(c3.2(c) when and if a registration statement is declared effective by the Commission and the distribution of securities thereunder has been completed without the occurrence of any stop order or proceeding relating thereto suspending the effectiveness of the Registration.

Appears in 2 contracts

Sources: Sponsor Rights Agreement (Dresser Inc), Sponsor Rights Agreement (Dresser Inc)