Common use of Delay of Sale Clause in Contracts

Delay of Sale. The Company may refuse to permit the Holder to resell any Shares for a period of time not to exceed 30 days; provided, however, that in order to exercise this right, the Company must deliver a certificate in writing to the Holder to the effect that the Registration Statement in its then current form contains an untrue statement of material fact or omits to state a material fact necessary in order to make the statements made therein, in light of the circumstances under which they were made, not misleading. During any suspension period as contemplated by this Section 1.4 (a)(iii), of which there shall be no more than two (2) in any twelve (12) month period, the Company will not allow any of its officers or directors to buy or sell shares of the Company's securities.

Delay of Sale. The Company may refuse to permit the Holder to resell any Shares for a period of time not to exceed 30 forty five (45) days; provided, however, that in order to exercise this right, the Company must deliver a certificate in writing to the Holder to the effect that the Registration Statement registration statement in its then current form contains an untrue statement of material fact or omits to state a material fact necessary in order to make the statements made therein, in light of the circumstances under which they were made, not misleading. During any suspension period as contemplated by this Section 1.4 (a)(iii), of which there shall be no more than two three (23) in any twelve (12) month period, the Company will not allow any of its officers or directors to buy or sell shares of the Company's securities.

Delay of Sale. The Company may refuse to permit the Holder to resell any Shares for a period of time not to exceed 30 days; provided, however, that in order to exercise this right, the Company must deliver a certificate in writing to the Holder to the effect that the Registration Statement in its then current form contains an untrue statement of material fact or omits to state a material fact necessary in order to make the statements made therein, in light of the circumstances under which they were made, not misleading. During any suspension period as contemplated by this Section 1.4 (a)(iii), of which there shall be no more than two (2) in any twelve (12) month period, the Company will not allow any of its officers or directors to buy or sell shares of the Company's ’s securities.

Delay of Sale. The Company may refuse to permit the Holder to resell any Shares for a period of time not to exceed 30 days; provided, however, that in order to exercise this right, the Company must deliver a certificate in writing to the Holder to the effect that the Registration Statement registration statement in its then current form contains an untrue statement of material fact or omits to state a material fact necessary in order to make the statements made therein, in light of the circumstances under which they were made, not misleading. During any suspension period as contemplated by this Section 1.4 (a)(iii), of which there shall be no more than two (2) in any twelve (12) month period, the Company will not allow any of its officers or directors to buy or sell shares of the Company's securities.