Common use of Effectiveness and Scope Clause in Contracts

Effectiveness and Scope. The Company shall use its commercially reasonable efforts to cause any Mandatory Registration Statement to be declared effective by the Commission as soon as reasonably practicable following such filing, and to remain effective until the earlier of (A) the second anniversary of the effective date of the initial Mandatory Shelf Registration Statement (subject to extension pursuant to Section 5(c)) (provided that in such case each Holder shall have received a certificate with all restrictive legends removed as a result of the applicable Registrable Shares being freely transferable under Rule 144(k)), or (B) the date on which all Shares and any Additional Shares in respect thereof cease to be Registrable Shares. The Company may include any shares of Common Stock owned by a Prior Holder in a Mandatory Shelf Registration Statement. Any Mandatory Shelf Registration Statement shall provide for the resale from time to time, and pursuant to any method or combination of methods legally available (including, without limitation, an Underwritten Offering, a direct sale to purchasers, a sale through brokers or agents, or a sale over the internet) by the Holders of any and all Registrable Shares.