Common use of RESTRICTION ON ISSUANCE OF OPTION SHARES AND DELIVERY Clause in Contracts

RESTRICTION ON ISSUANCE OF OPTION SHARES AND DELIVERY. If authorization of any regulatory commission or agency is required for the lawful delivery of any certificate representing Option Shares, Optionor may withhold delivery of such certificate until such authorization has been granted. Optionor will make reasonable efforts to obtain such authorizations, but if Optionor is unable to obtain such authorizations from such regulatory commission or agency, which counsel for Optionor deems necessary for the lawful delivery of such certificate, Optionor shall be relieved from any liability for failure to deliver such certificate until such time that such authorization is obtained or is obtainable.

RESTRICTION ON ISSUANCE OF OPTION SHARES AND DELIVERY. If authorization of any regulatory commission or agency is required for the lawful delivery of any certificate representing Option Shares, Optionor may withhold delivery of such certificate until such authorization has been granted. Optionor will make reasonable use its best efforts to obtain such authorizations, but if Optionor is unable to obtain such authorizations from such regulatory commission or agency, which counsel for Optionor deems necessary for the lawful delivery of such certificate, Optionor shall be relieved from any liability for failure to deliver such certificate until such time that such authorization is obtained or is obtainable.