Common use of Delay Rights Clause in Contracts

Delay Rights. If the Company’s board of directors determines that the Company’s compliance with its obligations under this Article II would be materially detrimental to the Company and its shareholders because such registration would (a) materially interfere with a significant acquisition, reorganization, financing or other similar transaction involving the Company, (b) require premature disclosure of material information that the Company has a bona fide business purpose for preserving as confidential or (c) render the Company unable to comply with applicable securities laws, then the Company shall have the right to postpone compliance with its obligations under this Article II for a period of not more than three months, provided, that such right pursuant to this Section 2.04 may not be utilized more than twice in any twelve-month period.

Delay Rights. If the Company’s board of directors determines that the Company’s compliance with its obligations under this Article II would be materially detrimental to the Company and its shareholders because such registration would (a) materially interfere with a significant acquisition, reorganization, financing or other similar transaction involving the Company, (b) require premature disclosure of material information that the Company has a bona fide business purpose for preserving as confidential or (c) render the Company unable to comply with applicable securities laws, then the Company shall have the right to postpone compliance with its obligations under this Article II for a period of not more than three (3) months, ; provided, that such right pursuant to this Section 2.04 2.02 may not be utilized more than twice in any twelve-month period.

Delay Rights. If the Company’s board of directors Managing Member or its delegate determines that the Company’s compliance with its obligations under this Article II would be materially detrimental to the Company and its shareholders Members because such registration would (a) materially interfere with a significant acquisition, reorganization, financing or other similar transaction involving the Company, (b) require premature disclosure of material information that the Company has a bona fide business purpose for preserving as confidential or (c) render the Company unable to comply with applicable securities laws, then the Company shall have the right to postpone compliance with its obligations under this Article II for a period of not more than three months, provided, that such right pursuant to this Section 2.04 2.03 may not be utilized more than twice in any twelve-month period.

Delay Rights. If Notwithstanding anything to the Company’s board of directors contrary contained herein, if the Company determines that the Company’s its compliance with its obligations under this Article II would be materially detrimental to the Company and its shareholders because such registration compliance would (a) materially interfere with a significant acquisition, reorganization, financing or other similar transaction involving the Company, (b) require premature disclosure of material information that the Company has a bona fide business purpose for preserving as confidential or (c) render the Company unable to comply with applicable securities laws, then the Company shall have the right to postpone compliance with its obligations under this Article II for a period of not more than three months; provided, providedhowever, that such right pursuant to this Section 2.04 2.03 may not be utilized more than twice in any twelve12-month period.

Delay Rights. If the Company’s board of directors Manager or its delegate determines that the Company’s compliance with its obligations under this Article II would be materially detrimental to the Company and its shareholders Members because such registration would (a) materially interfere with a significant acquisition, reorganization, financing or other similar transaction involving the Company, (b) require premature disclosure of material information that the Company has a bona fide business purpose for preserving as confidential or (c) render the Company unable to comply with applicable securities laws, then the Company shall have the right to postpone compliance with its obligations under this Article II for a period of not more than three months, provided, that such right pursuant to this Section 2.04 2.03 may not be utilized more than twice in any twelve-month period.