Common use of Deferral of Registration Clause in Contracts

Deferral of Registration. If (i) in the good faith judgment of the Board of Directors of the Company, the filing of a registration statement as soon as practicable after receipt of the request of the Initiating Holders would be materially detrimental to the Company because there exist bona fide financing, acquisition or other activities of the Company and the Board of Directors of the Company concludes, as a result, that it is essential to defer the filing of such registration statement at such time, and (ii) the Company shall furnish to the Initiating Holders a certificate signed by the President of the Company stating that in the good faith judgment of the Board of Directors of the Company, it would be materially detrimental to the Company for such registration statement to be filed in the near future and that it is essential to defer the filing of such registration statement, then the Company shall have the right to defer such filing (except as provided in Subsection (b)(ii) above) for a period of not more than ninety (90) days after receipt of the request of the Initiating Holders, provided that the Company shall not defer its obligation in this manner more than once in any twelve-month period, and provided further that the Initiating Holders shall be entitled to withdraw the request for registration and, if such request is withdrawn, such registration shall not count as a permitted requested registration hereunder and the Company shall pay all Registration Expenses incurred in connection with such withdrawn registration request.

Deferral of Registration. If (i) in the good faith judgment of the Board of Directors of the Company, the filing of a registration statement as soon as practicable after receipt of the request of the Initiating Holders would be materially detrimental to the Company because there exist bona fide financingfidefinancing, acquisition or other activities of the Company and the Board of Directors of the Company concludes, as a result, that it is essential to defer the filing of such registration statement at such time, and (ii) the Company shall furnish to the Initiating Holders a certificate signed by the President of the Company stating that in the good faith judgment of the Board of Directors of the Company, it would be materially detrimental to the Company for such registration statement to be filed in the near future and that it is essential to defer the filing of such registration statement, then the Company shall have the right to defer such filing (except as provided in Subsection (b)(ii) above) for a period of not more than ninety (90) days after receipt of the request of the Initiating Holders, provided that the Company shall not defer its obligation in this manner more than once in any twelve-month period, and provided further that the Initiating Holders shall be entitled to withdraw the request for registration and, if such request is withdrawn, such registration shall not count as a permitted requested registration hereunder and the Company shall pay all Registration Expenses incurred in connection with such withdrawn registration request.. (d)

Deferral of Registration. If (i) in the good faith judgment of the Board of Directors of the Company, the filing of a registration statement as soon as practicable after receipt of the request of the Initiating Holders Demand Request would be materially detrimental to the Company because there exist bona fide financing, acquisition acquisition, or other activities of the Company Company, and the Board of Directors of the Company concludes, as a result, that it is essential to defer the filing of such registration statement at such time, and (ii) the Company shall furnish to the Initiating Holders SVI a certificate signed by the President of the Company stating that in the good faith judgment of the Board of Directors of the Company, it would be materially detrimental to the Company for such registration statement to be filed in the near future and that it is essential to defer the filing of such registration statement, then the Company shall have the right to may defer such filing (except as provided in Subsection (b)(ii) above) for a period of not more than ninety (90) 90 days after receipt of the request Demand Request of the Initiating HoldersSVI, provided that the Company shall not defer its obligation obligations in this manner for more than once an aggregate of 90 days in any twelve-month period, and provided further that the Initiating Holders SVI shall be entitled to withdraw the request for registration and, if such request is withdrawn, such registration shall not count as a permitted requested registration hereunder and the Company shall pay all Registration Expenses incurred in connection with such withdrawn registration request.

Deferral of Registration. If (i) in the good faith judgment of the Board of Directors of the Company, the filing of a registration statement as soon as practicable after receipt of the request of the Initiating Holders Demand Request would be materially detrimental to the Company because there exist bona fide financing, acquisition acquisition, or other activities of the Company or material event involving the Company, and the Board of Directors of the Company concludes, as a result, that it is essential to defer the filing of such registration statement at such time, and (ii) the Company shall furnish to the Initiating Holders Holder(s) a certificate signed by the President of the Company stating that in the good faith judgment of the Board of Directors of the Company, it would be materially detrimental to the Company for such registration statement to be filed in the near future and that it is essential to defer the filing of such registration statement, then the Company shall have the right to may defer such filing (except as provided in Subsection (b)(ii) above) for a period of not more than ninety (90) 90 days after receipt of the request Demand Request of the Initiating HoldersHolder(s), provided that the Company shall not defer its obligation obligations in this manner for more than once an aggregate of 90 days in any twelve-month period, and provided further that the Initiating Holders Holder(s) shall be entitled to withdraw the request for registration and, if such request is withdrawn, such registration shall not count as a permitted requested registration hereunder and the Company shall pay all Registration Expenses incurred in connection with such withdrawn registration request.

Deferral of Registration. If (i) in the good faith judgment of the Board of Directors of the Company, the filing of a registration statement as soon as practicable after receipt of the request of the Initiating Holders Demand Request would be materially detrimental to the Company because there exist bona fide BONA FIDE financing, acquisition acquisition, or other activities of the Company Company, and the Board of Directors of the Company concludes, as a result, that it is essential to defer the filing of such registration statement at such time, and (ii) the Company shall furnish to the Initiating Holders a certificate signed by the President of the Company stating that in the good faith judgment of the Board of Directors of the Company, it would be materially detrimental to the Company for such registration statement to be filed in the near future and that it is essential to defer the filing of such registration statement, then the Company shall have the right to may defer such filing (except as provided in Subsection (b)(ii) above) for a period of not more than ninety (90) 90 days after receipt of the request Demand Request of the Initiating Holders, provided that the Company shall not defer its obligation obligations in this manner for more than once an aggregate of 90 days in any twelve-month period, and provided further that the Initiating Holders shall be entitled to withdraw the request for registration within 30 days after receipt of such certificate and, if such request is withdrawn, such registration shall not count as a permitted requested registration hereunder and the Company shall pay all Registration Expenses incurred in connection with such withdrawn registration request.

Deferral of Registration. If (i) in the good faith judgment of the Board of Directors of the Company, the filing of a registration statement as soon as practicable after receipt of the request of the Initiating Holders Demand Request would be materially detrimental to the Company because there exist bona fide BONA FIDE financing, acquisition acquisition, or other activities of the Company Company, and the Board of Directors of the Company concludes, as a result, that it is essential to defer the filing of such registration statement at such time, and (ii) the Company shall furnish to the Initiating Holders a certificate signed by the President of the Company stating that in the good faith judgment of the Board of Directors of the Company, it would be materially detrimental to the Company for such registration statement to be filed in the near future and that it is essential to defer the filing of such registration statement, then the Company shall have the right to may defer such filing (except as provided in Subsection (b)(ii) above) for a period of not more than ninety (90) 90 days after receipt of the request Demand Request of the Initiating Holders, provided that the Company shall not defer its obligation obligations in this manner for more than once an aggregate of 90 days in any twelve-month period, and provided further that the Initiating Holders shall be entitled to withdraw the request for registration and, if such request is withdrawn, such registration shall not count as a permitted requested registration hereunder and the Company shall pay all Registration Expenses incurred in connection with such withdrawn registration request.

Deferral of Registration. If (i) in the good faith judgment of the Board of Directors of the Company, the filing of a registration statement as soon as practicable after receipt of the request of the Initiating Holders Demand Request would be materially detrimental to the Company because there exist bona fide financing, acquisition or other activities of the Company and the Board of Directors of the Company concludes, as a result, that it is essential to defer the filing of such registration statement at such time, and (ii) the Company shall furnish to the Initiating Holders a certificate signed by the President of the Company stating that in the good faith judgment of the Board of Directors of the Company, it would be materially detrimental to the Company for such registration statement to be filed in the near future and that it is essential to defer the filing of such registration statement, then ; and the Company shall have the right to defer such filing (except as provided in Subsection (b)(ii) above) for a period of not more than ninety (90) 120 days after receipt of the request Demand Request of the Initiating Holders, provided that the Company shall not defer its obligation obligations in this manner for more than once an aggregate of 120 days in any twelve-month period, and provided further that the Initiating Holders shall be entitled to withdraw the request for registration within 30 days after receipt of such certificate and, if such request is withdrawn, such registration shall not count as a permitted requested registration hereunder and the Company shall pay all Registration Expenses incurred in connection with such withdrawn registration request.

Deferral of Registration. If (i) in the good faith judgment of the Board of Directors of the Company, the filing of a registration statement as soon as practicable after receipt of the request of the Initiating Holders Demand Request would be materially detrimental to the Company because there exist bona fide financing, acquisition or other activities of the Company and the Board of Directors of the Company concludes, as a result, that it is essential advisable to defer the filing of such registration statement at such time, and (ii) in which case the Company shall furnish to the Initiating Holders a certificate signed by the President of the Company stating that in the good faith judgment of the Board of Directors of the Company, it would be materially detrimental to the Company for such registration statement to be filed in the near future and that it is essential advisable to defer the filing of such registration statement, then the Company shall have the right to defer such filing (except as provided in Subsection (b)(ii) above) for a period of not more than ninety (90) 120 days after receipt of the request Demand Request of the Initiating Holders, provided that the Company shall not defer its obligation obligations in this manner for more than once an aggregate of 120 days in any twelve-month period, and provided further that the Initiating Holders shall be entitled to withdraw the request for registration within 30 days after receipt of such certificate and, if such request is withdrawn, such registration shall not count as a permitted requested registration hereunder and the Company shall pay all Registration Expenses incurred in connection with such withdrawn registration request.

Deferral of Registration. If (i) in the good faith judgment of the Board of Directors of the Company, the filing of a registration statement as soon as practicable after receipt of the request of the Initiating Holders Demand Request would be materially detrimental to the Company because there exist bona fide financing, acquisition acquisition, or other activities of the Company Company, and the Board of Directors of the Company concludes, as a result, that it is essential to defer the filing of such registration statement at such time, and (ii) the Company shall furnish to the Initiating Holders a certificate signed by the President of the Company stating that in the good faith judgment of the Board of Directors of the Company, it would be materially detrimental to the Company for such registration statement to be filed in the near future and that it is essential to defer the filing of such registration statement, then the Company shall have the right to may defer such filing (except as provided in Subsection (b)(ii) above) for a period of not more than ninety (90) 90 days after receipt of the request Demand Request of the Initiating Holders, provided that the Company shall not defer its obligation obligations in this manner for more than once an aggregate of 90 days in any twelve-month period, and provided further that the Initiating Holders shall be entitled to withdraw the request for registration and, if such request is withdrawn, such registration shall not count as a permitted requested registration hereunder and the Company shall pay all Registration Expenses incurred in connection with such withdrawn registration request. Holder agrees not to disclose to any non-affiliated third party that the Company has requested such a deferral of the filing of a registration statement.