Delay Limitation. If the Company shall furnish to CNI a certificate signed by the chief executive officer or chairman of the board of directors of the Company stating that, in the good faith judgment of the board of directors, the effecting of the Requested Registration at the time requested would be detrimental to the Company or its stockholders, then the Company shall have the right to defer such Requested Registration for a period of not more than 180 days; provided, however, that the Company may only assert such delay once during any 12-month period.
Appears in 3 contracts
Samples: Registration Rights Agreement (Moscow Cablecom Corp), Registration Rights Agreement (Moscow Cablecom Corp), Registration Rights Agreement (Columbus Nova Investments VIII LTD)
Delay Limitation. If the Company shall furnish to CNI a ---------------- certificate signed by the chief executive officer or chairman of the board of directors of the Company stating that, in the good faith judgment of the board of directors, the effecting of the Requested Registration at the time requested would be detrimental to the Company or its stockholders, then the Company shall have the right to defer such Requested Registration for a period of not more than 180 days; provided, however, that the Company may only assert such delay once during any 12-month period.
Appears in 1 contract
Samples: Registration Rights Agreement (Columbus Nova Investments VIII LTD)
