Common use of Deferral of Registration Clause in Contracts

Deferral of Registration. If the Optionholders demand a registration hereunder, the Company may defer filing such registration statement with the SEC for up to thirty (30) days after the effective date of a registration statement that the Company had filed with the SEC or had been declared effective prior to the demand by the Optionholders if market conditions do not warrant the sale of shares under registration at the time of the effective date.

Deferral of Registration. If the Optionholders Holders demand a registration hereunder, the Company may defer filing such registration statement with the SEC for up to thirty (30) days after the effective date of a registration statement that the Company had filed with the SEC or had been declared effective prior to the demand by the Optionholders Holders if market conditions do not warrant the sale of shares under registration at the time of the effective date.