Common use of Conditions to Required Registration Clause in Contracts

Conditions to Required Registration. Issuer shall use its reasonable best efforts to cause each registration statement referred to in Section 10(a) above to become effective and to obtain all consents or waivers of other parties which are required therefor and to keep such registration statement effective as may be reasonably necessary to effect such sale or other disposition; provided, however, that Issuer may delay any registration of Option Shares required pursuant to Section 10(a) above for a period not exceeding 90 days provided Issuer shall in good faith determine that any such registration would adversely affect an offering or contemplated offering of other securities by Issuer or would require disclosure of nonpublic information that would materially and adversely affect Issuer, and Issuer shall not be required to register Option Shares under the Securities Act pursuant to Section 10(a) above:

Appears in 4 contracts

Samples: Stock Option Agreement (Morgan J P & Co Inc), Stock Option Agreement (Morgan J P & Co Inc), Stock Option Agreement (Chase Manhattan Corp /De/)

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Conditions to Required Registration. Issuer Company shall use its reasonable best efforts to cause each registration statement referred to in Section 10(a) above to become effective and to obtain all consents or waivers of other parties which are required therefor and to keep such registration statement effective as may be reasonably necessary to effect such sale or other disposition; providedPROVIDED, howeverHOWEVER, that Issuer Company may delay any registration of Option Shares required pursuant to Section 10(a) above for a period not exceeding 90 days provided Issuer Company shall in good faith determine that any such registration would adversely affect an offering or contemplated offering of other securities by Issuer Company or would require disclosure of nonpublic information that would materially and adversely affect IssuerCompany, and Issuer Company shall not be required to register Option Shares under the Securities Act pursuant to Section 10(a) above:

Appears in 1 contract

Samples: Share Option Agreement (First National Bancorp Inc /Il/)

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