Common use of Effective Period of Demand Registrations Clause in Contracts

Effective Period of Demand Registrations. After any Registration Statement filed pursuant to Section 2(a) has become effective, the Registering Entity shall use its reasonable best efforts to keep such Registration Statement effective for a period of either (i) 180 days from the date on which the Commission declares such Registration Statement effective (or if such Registration Statement is not effective during any period within such 180 days or if disposition of Registrable Securities is suspended in the circumstances described in Section 7(b), such 180-day period shall be extended by the number of days during such period when such Registration Statement is not effective or is suspended as provided in Section 7(b)) or, if such Registration Statement relates to an underwritten offering, such longer period as in the opinion of counsel for the underwriters a prospectus is required by law to be delivered in connection with sales of Registrable Securities by an underwriter or dealer or (ii) such shorter period which shall terminate when all of the Registrable Securities covered by such Registration Statement have been sold pursuant to such Registration Statement. After any Shelf Registration Statement filed pursuant to Section 2(c) has become effective, the Registering Entity agrees to use its reasonable best efforts to keep the Shelf Registration Statement continuously effective and usable for the resale of the Registrable Securities registered thereunder for a period ending on the first date on which all the Registrable Securities covered by such Shelf Registration Statement shall have been sold pursuant to such Shelf Registration Statement.

Effective Period of Demand Registrations. After any a Registration Statement filed pursuant to Section 2(a) of this Agreement has become effective, the Registering Entity Company shall use its reasonable best efforts to keep such Registration Statement effective for a period of either (i) 180 days equal to one year from the initial date on which the Commission SEC declares such Registration Statement effective (subject to any extension pursuant to Sections 2(d), 3(b) or 5(k) herein, or if such Registration Statement is not effective during any period within such 180 days or if disposition of Registrable Securities is suspended in the circumstances described in Section 7(b)one year period, such 180-day one year period shall be extended by the number of days during such period when such that the Registration Statement is not effective effective), or is suspended as provided in Section 7(b)) or, if such Registration Statement relates to an underwritten offering, such longer period as in the opinion of counsel for the underwriters a prospectus is required by law to be delivered in connection with sales of Registrable Securities by an underwriter or dealer or (ii) such shorter period which shall terminate when all of the shares of Registrable Securities Common Stock covered by such Registration Statement have been sold pursuant to such Registration Statement or Rule 144 (the "Effectiveness Period"). If the Company shall withdraw any Demand Registration prior to the expiration of the Effectiveness Period (a "Withdrawn Registration Statement. After any Shelf "), Stockholders that continue to hold Registrable Common Stock, which shares were covered by the Withdrawn Registration Statement filed pursuant Statement, shall be entitled to Section 2(c) has become effective, an additional Demand Registration and the Registering Entity agrees to Company shall use its reasonable best efforts to keep such additional Demand Registration effective for (x) the Shelf longer of (A) the remainder of the Effectiveness Period of the Withdrawn Registration Statement continuously effective and usable for or (B) three months, or (y) if earlier, until the resale of the Registrable Securities registered thereunder for a period ending on the first date on which all of the Registrable Securities Common Stock covered by such Shelf Demand Registration has been sold. If the Withdrawn Demand Registration was the first Demand Registration under this Agreement, then the period in which the Stockholders may request (i) a first Demand Registration (in replacement of such Withdrawn Demand Registration) shall be extended by the number of days elapsed between the date that the Withdrawn Registration Statement was requested by the Stockholders and the date that the Withdrawn Registration Statement was declared effective, and (ii) a second Demand Registration under this Agreement shall have been sold run from the date of effectiveness of the replacement Demand Registration. If the Withdrawn Registration Statement was the second Demand Registration under this Agreement, then a request for an additional Demand Registration in replacement of such Withdrawn Registration Statement must be made no later than the later of (x) eighteen (18) months from the initial effective date of the Withdrawn Registration Statement, or (y) six (6) months from the withdrawal of the Withdrawn Registration Statement. The Company shall reimburse the Stockholders for all reasonable legal and other advisory fees, not to exceed $30,000, incurred by the Stockholders in connection with the Withdrawn Registration Statement, and any such reimbursable costs shall be in addition to the amount of the Reimbursement payable by the Company pursuant to such Shelf Section 6(c) hereof. Any additional Demand Registration Statementpursuant to this paragraph otherwise shall be subject to all of the provisions of this Agreement.

Effective Period of Demand Registrations. After If any Initiating Shareholders request(s) a Demand Registration pursuant to Section 2(a) above, such Demand Registration shall not be deemed to have been effected unless the Registration Statement filed pursuant to Section 2(a) such Demand Registration has become effective, the Registering Entity shall use its reasonable best efforts to keep such Registration Statement been effective for a period equal to ninety (90) days (or three hundred (300) days in the case of either (ia shelf S-3 Registration Statement) 180 days from the date on which the Commission declares such Registration Statement became effective (or if such Demand Registration Statement is not effective during any period within such 180 ninety (90) days (or if disposition of Registrable Securities is suspended three hundred (300) days in the circumstances described in Section 7(bcase of a shelf S-3 Registration Statement), such 180-day ninety (90)-day (or three hundred (300)-day in the case of a shelf S-3 Registration Statement) period shall be extended by the number of days during such period when such Registration Statement is not effective effective), or is suspended as provided in Section 7(b)) or, if such Registration Statement relates to an underwritten offering, such longer period as in the opinion of counsel for the underwriters a prospectus is required by law to be delivered in connection with sales of Registrable Securities by an underwriter or dealer or (ii) such shorter period which shall terminate when all of the Registrable Securities covered by such Demand Registration Statement have been sold pursuant to such Demand Registration Statementor otherwise disposed of by such Initiating Shareholders. After If the Company shall withdraw any Shelf Demand Registration Statement filed pursuant to Section 2(c) has become effective(a “Withdrawn Demand Registration”), the Registering Entity agrees Initiating Shareholders of the Registrable Securities remaining unsold and originally covered by such Withdrawn Demand Registration shall be entitled to a replacement Demand Registration which (subject to the provisions of this Section 2) the Company shall use its reasonable best efforts to keep the Shelf Registration Statement continuously effective and usable for the resale of the Registrable Securities registered thereunder for a period commencing on the effective date of such Demand Registration and ending on the first earlier to occur of the date (i) which is ninety (90) days (or three hundred (300) days in the case of a shelf S-3 Registration Statement) from the effective date of such Demand Registration and (ii) on which all of the Registrable Securities covered by such Shelf Demand Registration Statement shall have been sold pursuant or otherwise disposed of such Initiating Shareholders. Each such additional Demand Registration otherwise shall be subject to such Shelf Registration Statementall of the provisions of this Agreement.

Effective Period of Demand Registrations. After any Registration Statement filed pursuant to Section 2(a1(a) has become effective, the Registering Entity Company shall use its reasonable best efforts to keep such Registration Statement effective for a period of either (i) 180 days from the date on which the Commission declares such Registration Statement effective (or if such Registration Statement is not effective during any period within such 180 days or if disposition of Registrable Securities is suspended in the circumstances described in Section 7(b6(b), such 180-day period shall be extended by the number of days during such period when such Registration Statement is not effective or is suspended as provided in Section 7(b6(b)) or, if such Registration Statement relates to an underwritten offering, such longer period as in the opinion of counsel for the underwriters a prospectus is required by law to be delivered in connection with sales of Registrable Securities by an underwriter or dealer or (ii) such shorter period which shall terminate when all of the Registrable Securities covered by such Registration Statement have been sold pursuant to such Registration Statement. After any Shelf Registration Statement filed pursuant to Section 2(c1(c) has become effective, the Registering Entity Company agrees to use its reasonable best efforts to keep the Shelf Registration Statement continuously effective and usable for the resale of the Registrable Securities registered thereunder for a period ending on the first date on which all the Registrable Securities covered by such Shelf Registration Statement shall have been sold pursuant to such Shelf Registration Statement.