Common use of Failure To Effect Registration Clause in Contracts

Failure To Effect Registration. If the Corporation shall fail to file the Registration Statement with respect to the Registrable Shares within the time period described in Section 2.1 or obtain or maintain the effectiveness thereof or maintain the listing of the Common Stock (as described in Section 2.2) within the time periods described in Section 2.4, then, with respect to each 30-day period (or pro rata for any portion thereof) after such date for which such Registration Statement contemplated thereby shall not have been filed or made effective, the Corporation will issue to each Purchaser warrants to purchase Common Stock equal to two percent (2%) of the number of Registrable Shares owned by such Purchaser (the "Penalty Warrants"), such warrants having the terms and conditions substantially as set forth in the Form of Warrant attached hereto as Exhibit A. The Corporation shall issue and deliver to the Purchasers any Penalty Warrants within 10 days after the end of each such 30-day period (or portion thereof).

Failure To Effect Registration. If the Corporation shall fail to file the Registration Statement with respect to the Registrable Shares within the time period described in Section 2.1 or obtain or maintain the effectiveness thereof or maintain the listing of the Common Stock (as described in Section 2.2) within the time periods described in Section 2.4, then, with respect to each 30-day period (or pro rata for any portion thereof) after such date for which such Registration Statement contemplated thereby shall not have been filed or made effective, the Corporation will issue to each Purchaser warrants to purchase Common Stock equal to two percent (2%) of the number of Registrable Shares owned by such Purchaser (the "Penalty Warrants"), such warrants having the terms and conditions substantially as set forth in the Form of Warrant attached hereto as Exhibit A. The Corporation shall issue and deliver to the Purchasers Purchaser any Penalty Warrants within 10 days after the end of each such 30-day period (or portion thereof).

Failure To Effect Registration. If the Corporation Company shall fail to file the Registration Statement with respect to the Registrable Primary Shares within the time period described in Section 2.1 SECTION 2(A) or obtain or maintain the effectiveness thereof or maintain the listing of the Common Stock (as described in Section 2.2SECTION 2(C)) within the time periods described in Section 2.4SECTION 2(C), then, with respect to each 30-day period (or pro rata for any portion thereof) after such date for which such Registration Statement contemplated thereby shall not have been filed or made effective, the Corporation Company will issue to each Purchaser Investor warrants to purchase Common Stock equal to two five percent (25%) of the number of Registrable Primary Shares owned by such Purchaser Investor (the "Penalty Warrants"), such warrants having the terms and conditions substantially as set forth in the Form of Warrant attached hereto as Exhibit A. The Corporation Company shall issue and to deliver to the Purchasers any Penalty Warrants within 10 days after the end of each such 30-day period (or portion thereof).