Common use of Limitations on Requested Registrations; Expenses Clause in Contracts

Limitations on Requested Registrations; Expenses. The rights of the holder of Registrable Securities to request Requested Registrations pursuant to Section 3.1(a) are subject to the following limitations: (i) the Company shall not be obligated to effect a Requested Registration having an aggregate anticipated offering price of less than U.S.$2,000,000 unless such offering shall cover all remaining Registrable Securities; (ii) the offering of Registrable Securities requested to be registered pursuant to Section 3.1(a) shall be pursuant to a firm commitment underwritten offering; (iii) the Company shall not be obligated to effect a Requested Registration within six months after the effective date of any other registration of securities (other than pursuant to a registration on Form S-8 or any successor or similar form which is then in effect); (iv) the Company will pay all Registration Expenses only in connection with the Requested Registration of Registrable Securities pursuant to this Section 3.1 that have become effective under the Securities Act; n any particular jurisdiction in which the Corporation would be required to execute, and (v) after the Corporation has initiated one such registration pursuant to this section (counting for these purposes only registrations which have been declared or ordered effective).

Limitations on Requested Registrations; Expenses. The rights of the holder holders of Registrable Securities to request Requested Registrations pursuant to Section 3.1(a) are subject to the following limitations: (i) the Company shall not be obligated to effect a Requested Registration having an aggregate anticipated offering price of less than U.S.$2,000,000 unless such offering shall cover all remaining Registrable Securities; (ii) the offering of Registrable Securities requested to be registered pursuant to Section 3.1(a) shall be pursuant to a firm commitment underwritten offering; (iii) the Company shall not be obligated to effect a Requested Registration within six months after the effective date of any other registration of securities (other than pursuant to a registration on Form S-8 or any successor or similar form which is then in effect); and (iv) the Company will pay all Registration Expenses only in connection with the first three Requested Registration Registrations of Registrable Securities pursuant to this Section 3.1 that have become effective under the Securities Act; n any particular jurisdiction in which the Corporation would be required to execute, and (v) after the Corporation has initiated one such registration pursuant to this section (counting for these purposes only registrations which have been declared or ordered effective).