Common use of Deferral of Registration Clause in Contracts

Deferral of Registration. Notwithstanding the foregoing, if the Company furnishes to the Requisite Investors 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 and its stockholders generally for such registration statement to be filed, the Company shall have the right to defer such filing for a period of not more than 60 days after receipt of the request of the Requisite Investors; provided, however, that the Company may not utilize the right set forth in this Section 3.2(c) more than once in any 12-month period.

Deferral of Registration. Notwithstanding the foregoing, if the Company furnishes to the Requisite Investors 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 and its stockholders generally for such registration statement to be filed, the Company shall have the right to defer such filing for a period of not more than 60 days after receipt of the request of the Requisite Investors; provided, however, that the Company may not utilize the right set forth in this Section 3.2(c3.1(c) more than once in any 12-month period.

Deferral of Registration. Notwithstanding the foregoing, if If the Company furnishes shall furnish to the Requisite Investors ------------------------ Initiating Holders a certificate signed by the its President of the Company or Chief Executive Officer stating that, in the good faith judgment of the Board of Directors of the Company's Board, it would be materially detrimental to require the disclosure of material information that would have a Material Adverse Effect on the Company and its stockholders generally shareholders for such registration statement to be filedeffected at such time, the Company shall have the right to defer such the filing of the registration statement for a period of not more than 60 sixty (60) days after the receipt of the request of the Requisite Investors; providedHolders under this Section 2, however, except that the Company may shall not utilize the this right set forth in this Section 3.2(c) for more than once an aggregate of one hundred twenty (120) days in any 12-month period.

Deferral of Registration. Notwithstanding the foregoing, if If the Company furnishes shall furnish to the Requisite Investors ------------------------ Initiating Holders a certificate signed by the its President of the Company or Chief Executive Officer stating that, in the good faith judgment of the Board of Directors of the Company's Board, it would be materially detrimental to require the disclosure of material information that would have a Material Adverse Effect on the Company and its stockholders generally shareholders for such registration statement to be filedeffected at such time, the Company shall have the right to defer such the filing of the registration statement for a period of not more than 60 one hundred twenty (120) days after the receipt of the request of the Requisite Investors; providedHolders under this Section 2, however, except that the Company may shall not utilize the this right set forth in this Section 3.2(c) more than once in any 12-12- month period.