Common use of Blackout Clause in Contracts

Blackout. The Company undertakes and covenants that until the Registration Statement has been effective for 180 days, the Company will not enter into any acquisition, merger, exchange or sale or other transaction that could have the effect of delaying the effectiveness of any pending registration statement or causing an already effective registration statement to no longer be effective or current for a period ten (10) or more consecutive days nor more than fifteen (15) days during any consecutive three hundred and sixty-five (365) day period.

Blackout. The Unless first approved in writing by the Subscribers, the Company undertakes and covenants that that, until the Registration Statement has been effective for 180 daysend of the Exclusion Period, the Company will not enter into any acquisition, merger, exchange or sale or other transaction that could have the effect of delaying the effectiveness of any pending registration statement or causing an already effective registration statement to no longer be effective or current for a period of ten (10) or more consecutive days nor more than fifteen (15) days during any consecutive three hundred and sixty-five (365) day period.

Blackout. The Company undertakes and covenants that until the Registration Statement has been effective for 180 days, the Company will not enter into any acquisition, merger, exchange or sale or other transaction that could have the effect of delaying the effectiveness of any pending registration statement or causing an already effective registration statement to no longer be effective or current for a period ten (10) or more consecutive days nor more than fifteen twenty (1520) days during any consecutive three hundred and sixty-five (365) day period.

Blackout. The Company undertakes and covenants that until the Registration Statement has been effective for 180 daysend of the Exclusion Period, the Company will not enter into any acquisition, merger, exchange or sale or other transaction that could have the effect of delaying the effectiveness of any pending registration statement or causing an already effective registration statement to no longer be effective or current for a period ten fifteen (1015) or more consecutive days nor more than fifteen thirty (1530) days during any consecutive three hundred and sixty-five (365) day period.