Common use of Delay of Sale Clause in Contracts

Delay of Sale. The Company may refuse to permit the Holder to resell any Registrable Securities for a specified period of time; provided, however, that (a) 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, and (b) in no event shall such delay exceed twenty-five (25) days, and (c) in no event shall this right of delay be exercised on more than one (1) occasion in any twelve (12) month period. During any suspension as contemplated by this Section 1.4 (a)(iii), 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 Registrable Securities Shares for a specified period of time; provided, however, that (a) 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, and (b) in no event shall such delay exceed twenty-five (25) days, and (c) in no event shall this right of delay be exercised on more than one two (12) occasion occasions in any twelve (12) month period. During any suspension as contemplated by this Section 1.4 (a)(iii), 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 Registrable Securities Shares and/or Warrant Shares for a specified period of time; provided, however, that (a) 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, and (b) in no event shall such delay exceed twenty-five (25) days, and (c) in no event shall this right of delay be exercised on more than one two (12) occasion occasions in any twelve (12) month period. During any suspension as contemplated by this Section 1.4 (a)(iii), 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 Registrable Securities Shares or Warrant Shares for a specified period of time; provided, however, that (a) 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, and (b) in no event shall such delay exceed twenty-five twenty (2520) days, and (c) in no event shall this right of delay be exercised on more than one two (12) occasion occasions in any twelve (12) month period. During , and (d) during any suspension as contemplated by this Section 1.4 (a)(iiia)(ii), the Company will not allow any of its officers or directors to buy or sell shares any of the Company's securities.

Delay of Sale. The Company may refuse to permit the Holder to resell any Registrable Securities Shares for a specified period of time; provided, however, that (a) 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, and (b) in no event shall such delay exceed twenty-five twenty (2520) days, and (c) in no event shall this right of delay be exercised on more than one two (12) occasion occasions in any twelve (12) month period. During , and (d) during any suspension as contemplated by this Section SECTION 1.4 (a)(iiiA)(II), 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 Registrable Securities for a specified period of time; provided, however, that (a) 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, and (b) in no event shall such delay exceed twenty-five (25) [***] days, and (c) in no event shall this right of delay be exercised on more than one (1) occasion in any twelve (12) [***] month period. During any suspension as ---------- *[***] indicates confidential treatment for omitted text has been requested. contemplated by this Section 1.4 (a)(iii), the Company will not allow any of its officers or directors to buy or sell shares of the Company's securities.