Common use of Period of Delay Clause in Contracts

Period of Delay. If an event described in clauses (i) through (iv) of Section 2(b) shall occur, the Company may, by written notice to the Investor, delay the filing of a Registration Statement with respect to the Registrable Securities to be covered thereby for a period of time not exceeding an aggregate of sixty (60) days. If an event described in clause (v) of Section 2(b) shall occur, the filing of a Registration Statement with respect to the Registrable Securities to be covered thereby shall be delayed until the first date that the Registrable Securities to be covered thereby can be sold without violation of Regulation M of the Exchange Act. The Allowable Extension shall apply only to registrations of new or additional securities and shall expressly not apply to any supplement or amendment to an existing Registration Statement that the Company is required to file in order to keep such existing Registration Statement current and effective.

Period of Delay. If an event described in clauses (i) through (iv) of Section 2(b3(d) shall occur, the Company may, by written notice to the InvestorHolders, delay the filing of a Registration Statement with respect to the Registrable Securities to be covered thereby for a period of time not exceeding an aggregate 90 days, in which case the December 31, 2000 deadline for exercising the Demand Registration Rights under Section 2 shall be extended for a like period of sixty (60) daystime. If an event described in clause (v) of Section 2(b3(d) shall occur, the filing of a Registration Statement with respect to the Registrable Securities to be covered thereby shall be delayed until the first date that the Registrable Securities to be covered thereby can be sold without violation of Regulation M of the Exchange Act. The Allowable Extension , in which case the December 31, 2000 deadline for exercising the Demand Registration Rights under Section 2 shall apply only to registrations be extended for a like period of new or additional securities and shall expressly not apply to any supplement or amendment to an existing Registration Statement that the Company is required to file in order to keep such existing Registration Statement current and effectivetime.