Common use of Filing and Effectiveness of Registration Statement Clause in Contracts

Filing and Effectiveness of Registration Statement. The Company shall prepare and file with the Commission not later than 60 days after the Closing Date, a Registration Statement relating to the offer and sale of the Registrable Securities and shall use its best efforts to cause the Commission to declare such Registration Statement effective under the Securities Act as promptly as practicable but not later than 150 days after the Closing Date, assuming for purposes hereof a Conversion Price under the Certificate of Designation of $1.50 per share. The Company shall not include any other securities in the Registration Statement relating to the offer and sale of the Registrable Securities. The Company shall notify the Initial Investor by written notice that such Registration Statement has been declared effective by the Commission within 24 hours of such declaration by the Commission.

Filing and Effectiveness of Registration Statement. The Company shall prepare and file with the Commission by not later than 60 90 days after the Closing DateDate (as defined in the Securities Purchase Agreement), a Registration Statement relating to the offer and sale of the Registrable Securities and shall use its best efforts to cause the Commission to declare such Registration Statement effective under the Securities Act as promptly as practicable but not later than 150 180 days after the Closing Date, assuming for purposes hereof a Conversion Price under as defined in the Certificate of Designation of $1.50 per share. The Company shall not include any other securities in the Registration Statement relating to the offer and sale of the Registrable SecuritiesDesignations. The Company shall notify the Initial Investor Investors by written notice that such Registration Statement has been declared effective by the Commission within 24 hours one business day of such declaration by the Commission.

Filing and Effectiveness of Registration Statement. The Company shall prepare and file with the Commission not later than 60 30 days after the Final Closing Date, a Registration Statement relating to the offer and sale of the Registrable Securities and shall use its best efforts to cause the Commission to declare such Registration Statement effective under the Securities Act as promptly as practicable but not later than 150 70 days after the Final Closing Date, assuming for purposes hereof a Conversion Price under the Certificate of Designation of $1.50 per share. The Company shall not include any other securities shares of Common Stock underlying warrants issued to Stonegate Securities, Inc. may be included in the Registration Statement relating to at the offer and sale option of the Registrable SecuritiesCompany. The Company shall notify the Initial Investor Investors by written notice that such Registration Statement has been declared effective by the Commission within 24 hours three (3) business days of such declaration by the Commission.

Filing and Effectiveness of Registration Statement. The Company shall prepare and file with the Commission by not later than 60 90 days after the Closing DateDate (as defined in the Securities Purchase Agreement), a Registration Statement relating to the offer and sale of the Registrable Securities and shall use its best efforts to cause the Commission to declare such Registration Statement effective under the Securities Act as promptly as practicable but not later than 150 days after the Closing Date, assuming for purposes hereof a Conversion Price under as defined in the Certificate of Designation of $1.50 per share. The Company shall not include any other securities in the Registration Statement relating to the offer and sale of the Registrable SecuritiesDesignations. The Company shall notify the Initial Investor Investors by written notice that such Registration Statement has been declared effective by the Commission within 24 hours one business day of such declaration by the Commission.

Filing and Effectiveness of Registration Statement. The Company shall prepare and file with the Commission not later than 60 sixty (60) days after the Closing Funding Date, a Registration Statement relating to the offer and sale of all of the Registrable Securities and shall use its best efforts to cause the Commission to declare such Registration Statement effective under the Securities Act as promptly as practicable but not later than 150 one hundred and eighty (180) days after the Closing Funding Date, assuming for purposes hereof a Conversion Price under the Certificate of Designation of $1.50 per share. The Company shall not include any other securities in the Registration Statement relating to the offer and sale of the Registrable Securities. The Company shall notify the Initial Investor by written notice that such Registration Statement has been declared effective by the Commission within 24 hours of such declaration by the Commission.