Permitted Suspension Clause Samples
Permitted Suspension. Notwithstanding any other provision of this Agreement, from and after the time a registration statement filed under this Section 1 covering Registrable Securities is declared effective, the Company shall have the right to suspend the registration statement and the related prospectus in order to prevent premature disclosure of any material non-public information related to corporate developments by delivering notice of such suspension to the Holders (a "PERMITTED SUSPENSION"), PROVIDED, HOWEVER, that the Company may exercise the right to such Permitted Suspension only for an aggregate of thirty (30) days during any consecutive ninety (90) day period and only for an aggregate of sixty (60) days during any consecutive twelve (12) month period. From and after the date of a notice of a Permitted Suspension under this Section 1.5, each Holder agrees not to use the registration statement or the related prospectus for resale of any Registrable Security until the earlier of (1) notice from the Company that such suspension has been lifted, or (2) the first day on which the length of such Permitted Suspension, when aggregated with prior Permitted Suspensions, exceeds either or both of the time limits referred to in the immediately preceding sentence.
Permitted Suspension. During the period the Registration Statement is effective and available for resales of the Registrable Shares by Vortek Securityholders, Mattson will have the right to require (effective upon giving written notice to each Vortek Securityholder) that all Vortek Securityholders suspend public offers and sales of their Registrable Shares whenever and for so long as (i) Mattson would be required to disclose any material actions taken or proposed to be taken by ▇▇▇▇▇▇▇, which disclosure would, in ▇▇▇▇▇▇▇’▇ good faith judgment after consultation with its legal counsel, have a material adverse effect on ▇▇▇▇▇▇▇ or on such actions, provided that in the event ▇▇▇▇▇▇▇ exercises its suspension right under this Section 4(c)(i), such suspension shall continue only for the period of time necessary for disclosure to occur that is not detrimental to ▇▇▇▇▇▇▇ and its stockholders or until such time as the information or event is no longer material, each as determined in good faith by ▇▇▇▇▇▇▇ after consultation with counsel and in any event for no more than ninety (90) days, (ii) ▇▇▇▇▇▇▇ is for any reason whatsoever instructed, directed, ordered or otherwise requested by any governmental agency or self-regulatory organization to stop or suspend such trading or sales under the Registration Statement, or (iii) ▇▇▇▇▇▇▇ is for any reason unable to comply with the SEC’s published requirements for continued use or effectiveness of the Registration Statement. ▇▇▇▇▇▇▇ will use all commercially reasonable efforts to minimize the length of any suspension under this Section 4(c). No such suspension will be considered to be a breach of this Stock Agreement. The one (1) year period described in Section 4(b) will be extended by the number of days that sales under the Registration are suspended under this Section 4(c). If there is a suspension, ▇▇▇▇▇▇▇ agrees to use its commercially reasonable efforts, if necessary, to have the SEC declare the Registration Statement or any required post effective amendment thereto effective or withdraw any stop order, and shall give written notice to each Vortek Securityholder that such suspension is terminated as soon as reasonably practicable after the conditions that gave rise to the suspension no longer exist.
Permitted Suspension. ETHZ may, upon written notice to the Holders, suspend the availability of a Registration Statement and the use of any related Prospectus for up to sixty (60) days in any twelve (12)-month period in the aggregate, if ETHZ reasonably determines in good faith that (i) it would be required to disclose material non-public information that ETHZ has a bona fide business purpose to keep confidential and disclosure of which would be materially detrimental to ETHZ, or (ii) such suspension is necessary to comply with applicable law; provided, that ETHZ shall use commercially reasonable efforts to terminate any such suspension as promptly as practicable.
Permitted Suspension