DELAY IN REGISTRATION. Any unforeseen delay in registration of transfer of the Erf into the name of the Purchaser, shall not entitle the Purchaser to cancel this Agreement.
DELAY IN REGISTRATION. Notwithstanding anything contained in --------------------- this Agreement to the contrary, the Company reserves the right to delay any such registration pursuant to this Exhibit B for a period of not more than one hundred and twenty (120) days, or to withhold efforts to cause such registration statement to become effective for a period of not more than one hundred twenty (120) days, if the Board of Directors of the Company determines in good faith that such registration might (A) interfere with or affect the negotiation or completion of any material transaction that is being contemplated by the Company, or (B) involve initial or continuing disclosure obligations materially adverse to the best interests of the Company's shareholders. If, after a registration statement becomes effective, the Company advises the Holders of the registrable securities covered by such registration statement that the Company considers it appropriate for the registration statement to be amended, the Holders of such shares shall suspend any further sales of their registered shares until the Company advises them that the registration statement has been amended. The time periods referred to this Exhibit B shall be extended for an additional number of business days during which the rights to sell shares was suspended.
DELAY IN REGISTRATION. No Holder shall have any right to obtain or seek an injunction restraining or otherwise delaying any such registration as the result of any controversy that might arise with respect to the interpretation or implementation of this Agreement.
DELAY IN REGISTRATION. The Purchaser acknowledges that any delay in registration of transfer of the Property into his name shall not give rise to a claim for cancellation of this Agreement and this Agreement will remain binding and operative notwithstanding such delay.
DELAY IN REGISTRATION. Notwithstanding any provisions of Section 5 or Section 6 to the contrary, La-Man may delay filing a registration statement, and may withhold efforts to cause the registration statement to become effective, if La-Man determines in good faith that such registration might (i) interfere with or affect the negotiation or completion of any transaction that is being contemplated by La-Man (whether or not a final decision has been made to undertake such transaction) at the time the right to delay is exercised, or (ii) involve initial or continuing disclosure obligations that might not be in the best interest of La-Man's shareholders. If, after a registration statement becomes effective, La-Man advises the holders of registered shares that La-Man considers it appropriate for the registration statement to be amended, the holders of such shares shall suspend any further sales of their registered shares until La-Man advises them that the registration statement has been amended. The 180-day time period referred to in Section 6 during which the registration statement must be kept current after its effective date shall be extended for an additional number of business days equal to the number of business days during which the right to sell shares was suspended pursuant to the preceding sentence, but in no event will La-Man be required to update the registration statement after December 31, 2002.
DELAY IN REGISTRATION. If registration of the Common Stock and the Warrant Shares pursuant to the registration statement required to be filed pursuant to the Registration Rights Agreement is not effective within 180 days of the Final Closing (as defined in the Memorandum) other than as a result of events beyond the reasonable control of the Company, the Exercise Price shall be decreased by $0.25 per share for the first full month that such effective date is delayed and then by $0.10 per share for each full month thereafter until the registration statement is declared effective; provided, however, in no event shall the Exercise Price be decreased pursuant to this Subsection 5.1.3 below the highest Market Price at any Closing.
DELAY IN REGISTRATION. Following the IPO, and without derogating from the Company’s right to delay a registration pursuant to Sections 2.2.5 and 4.2.4 above, in the event that the Company fails to fulfill any registration obligations hereunder other than during an Allowable Grace Period (as defined below), then unless otherwise agreed by the majority in interest of the Holders, the Company shall pay cash equal to (A) one percent (1.0%) of the amount originally paid for such Holder’s Registrable Securities on each of the following dates: (i) the day of a failure to effect a registration statement under Section 2.1 and 4.1 (an “Effectiveness Failure”) and (ii) on the initial day after the effective date of each such registration statement in which sales of all of the Registrable Securities required to be included on such registration statement cannot be made pursuant to such registration statement or otherwise (including, without limitation, because of a failure to keep such registration statement effective, to disclose such information as is necessary for sales to be made pursuant to such registration statement or to maintain the listing of the ordinary shares of the Company) (a “Maintenance Failure”), and (B) one percent (1.0%) of the amount originally paid for such Holder’s Registrable Securities on each of the following dates: (i) on every thirtieth day after the date of an Effectiveness Failure until such failure is cured and (ii) on every thirtieth day after the initial day of a Maintenance Failure and thereafter until such Maintenance Failure is cured, for each month that there is a delay in such fulfillment. The payments to which a Holder shall be entitled pursuant to this Section 11 are referred to herein as “Registration Default Payments.” Registration Default Payments shall be paid on the earlier of (I) the last day of the calendar month during which such Registration Default Payments are incurred and (II) the third business day after the event or failure giving rise to the Registration Default Payments is cured. In the event the Company fails to make Registration Default Payments in a timely manner, such Registration Default Payments shall bear interest at the rate of 1.5% per month (prorated for partial months)) or the highest amount permitted by applicable law, if less, until paid in full. Notwithstanding the foregoing no Registration Default Payments shall be due with respect to Registrable Securities that may be sold without the requirement to be in compliance with...
DELAY IN REGISTRATION. No Holder shall have the right to obtain or seek an injunction restraining or otherwise delaying any such registration as a result of any controversy that might arise with respect to the interpretation or implementation of this Section 6.
DELAY IN REGISTRATION. If Seller shall furnish to the Holders a certificate signed by the President of Seller stating that in the good faith judgment of the Board of Directors of Seller it would be seriously detrimental to Seller for a registration statement to be filed at such time or would materially adversely affect a pending or proposed public offering of Seller's securities, Seller shall have the right to defer the filing of a registration statement requested pursuant to Section 7.3 hereof for a period of not more than 90 days after receipt of the request of the Holders under Section 7.3; provided, however, that (i) Seller shall not utilize this right more than once in any 12- month period and (ii) except with respect to the first deferment of the filing of a registration statement required pursuant to Section 7.3 because of any pending or proposed public offering of Seller's securities, in the event of any such pending or proposed public offering of Seller's securities, up to 25% of the shares to be included in the registration for such public offering shall be Registrable Shares at the request of such Holders.
DELAY IN REGISTRATION. If the Registration Statement covering the Initial Shares is not declared effective by March 1, 1999, then this Agreement will automatically end and the Parties will return to their pre-existing contractual arrangements concerning the payments to IBM that are the subject of this Agreement.
