Common use of Blockage Periods Clause in Contracts

Blockage Periods. Notwithstanding any other provision of this Agreement, the Company shall be permitted to defer the filing of any registration statement under Sections 3.4 or 3.6 if the Company’s Board of Directors determines in good faith, as certified in writing by the Company’s President or Chief Executive Officer to the holder of Registrable Securities requesting registration pursuant to any of the said Sections, that the filing of such a registration statement at such time would be seriously detrimental to the business of the Company. The Company may decline to file any registration statement for this reason only once in any 12-month period and only for a maximum period of 90 days at any one time.

Blockage Periods. Notwithstanding any other provision of this Agreement, the Company shall not be permitted obligated to defer the filing of file any registration statement Registration Statement under Sections 3.4 Section 2 or 3.6 if Section 4 hereof, if, at any time, the Company’s 's Board of Directors determines in good faith, as certified to the Holders in writing by the Company’s 's President or Chief Executive Officer to the holder of Registrable Securities requesting registration pursuant to any of the said SectionsOfficer, that the filing of such a registration statement at such time Registration Statement would be seriously detrimental to the business of the Company. The Company may decline to file any registration statement Registration Statement for this reason only once in any twelve (12-) month period and only for a maximum period of 90 one hundred twenty (120) days at any one time.

Blockage Periods. Notwithstanding any other provision of this Agreement, the Company shall not be obligated to file any Registration Statement under Section 2 or Section 4, and shall be permitted to defer the filing of suspend its use, at any registration statement under Sections 3.4 or 3.6 if time that the Company’s 's Board of Directors determines in good faith, as certified to the Holders in writing by the Company’s 's President or Chief Executive Officer to the holder of Registrable Securities requesting registration pursuant to any of the said SectionsOfficer, that the filing or use of such a registration statement at such time Registration Statement would be seriously significantly detrimental to the business of the Company. The Company may decline to file file, or may suspend the use of, any registration statement Registration Statement for this reason only once in any twelve (12-) month period and only for a maximum period of 90 one hundred and twenty (120) days at any one time.

Blockage Periods. Notwithstanding any other provision of this Agreement, the Company shall not be permitted obligated to defer the filing of file any registration statement Registration Statement under Sections 3.4 Section 2 or 3.6 if Section 4 at any time that the Company’s 's Board of Directors determines in good faith, as certified to the Holder in writing by the Company’s 's President or Chief Executive Officer to the holder of Registrable Securities requesting registration pursuant to any of the said SectionsOfficer, that the filing of such a registration statement at such time Registration Statement would be seriously detrimental to the business of the Company. The Company may decline to file any registration statement Registration Statement for this reason only once in any 12-month period and only for a maximum period of 90 180 days at any one time.