Common use of Restrictions on Demand Registration Clause in Contracts

Restrictions on Demand Registration. NationsRent shall not be obligated to effect any registration pursuant to Section 1(a) during any of the following periods: (i) 30 days prior to the anticipated commencement of an underwritten public offering by NationsRent of its equity securities and 90 days subsequent to the consummation of such underwritten public offering unless, in the good faith judgment of the managing or lead underwriter or underwriters thereof, which is confirmed in writing, such filing would not have an adverse effect on such offering, (ii) if such filing is prohibited by applicable law or (iii) if NationsRent determines in good faith that the filing or effectiveness of such registration statement would require NationsRent to disclose a material financing, acquisition or other corporate transaction or development, and the proper officers of NationsRent shall have determined in good faith that such disclosure is not in the best interests of NationsRent, provided that NationsRent may not delay the filing or effectiveness of any registration statement pursuant to this Section 1(f) for more than an aggregate of 180 days in any twelve-month period; provided, further, that NationsRent shall file the registration statement and cause it to become effective as soon as reasonably practicable after it shall determine in its good faith judgment that such registration will not materially interfere with or materially adversely affect the financing, acquisition or other corporate transaction or development.