Common use of Restrictions on Registration Rights Clause in Contracts

Restrictions on Registration Rights. If the Demanding Holders have requested an Underwritten Offering pursuant to this Agreement and in the good faith judgment of the majority of the Board such Underwritten Offering would be seriously detrimental to the Company and the majority of the Board concludes as a result that it is essential to defer the undertaking of such Underwritten Offering at such time, then in each case the Company shall furnish to such Holders a certificate signed by the Chairman of the Board stating that in the good faith judgment of the Board it would be seriously detrimental to the Company to undertake such Underwritten Offering in the near future and that it is therefore essential to defer the undertaking of such Underwritten Offering. In such event, the Company shall have the right to defer such offering for a period of not more than thirty (30) days; provided, however, that the Company shall not defer its obligations in this manner more than once in any twelve (12) month period.

Appears in 5 contracts

Samples: Registration Rights Agreement (Spectral AI, Inc.), Registration Rights Agreement (Rosecliff Acquisition Corp I), Business Combination Agreement (Rosecliff Acquisition Corp I)

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Restrictions on Registration Rights. If the Demanding Holders have requested an Underwritten Offering pursuant to this Agreement an Underwritten Demand and in the good faith judgment of the majority of the Board such Underwritten Offering would be seriously detrimental to the Company and the majority of the Board concludes as a result that it is essential to defer the undertaking of such Underwritten Offering at such time, then in each case the Company shall furnish to such Holders a certificate signed by the Chairman of the Board stating that in the good faith judgment of the Board it would be seriously detrimental to the Company to undertake such Underwritten Offering in the near future and that it is therefore essential to defer the undertaking of such Underwritten OfferingOffering (any such period, a “Suspension Period”). In such event, the Company shall have the right to defer such offering for a period of not more than thirty (30) days; provided, however, that the Company shall not defer its obligations in this manner more than once in any twelve (12) month period.

Appears in 3 contracts

Samples: Class a Common Stock Purchase Agreement (Verde Clean Fuels, Inc.), Registration Rights Agreement (Verde Clean Fuels, Inc.), Business Combination Agreement (CENAQ Energy Corp.)

Restrictions on Registration Rights. If the Demanding Holders have requested an Underwritten Offering pursuant to this Agreement an Underwritten Demand and in the good faith judgment of the majority of the Board such Underwritten Offering would be seriously detrimental to the Company and the majority of the Board concludes as a result that it is essential to defer the undertaking of such Underwritten Offering at such time, then in each case the Company shall furnish to such Holders a certificate signed by the Chairman of the Board stating that in the good faith judgment of the Board it would be seriously detrimental to the Company to undertake such Underwritten Offering in the near future and that it is therefore essential to defer the undertaking of such Underwritten OfferingOffering (any such period, a “Suspension Period”). In such event, the Company shall have the right to defer such offering for a period of not more than thirty (30) days; provided, however, that the Company shall not defer its obligations in this manner more than once in any twelve (12) twelve-month period.

Appears in 3 contracts

Samples: Registration Rights Agreement (Zeo Energy Corp.), Business Combination Agreement (ESGEN Acquisition Corp), Business Combination Agreement (ESGEN Acquisition Corp)

Restrictions on Registration Rights. If the Demanding Holders have requested an Underwritten Offering pursuant to this Agreement an Underwritten Demand and in the good faith judgment of the majority of the Board such Underwritten Offering would be seriously detrimental to the Company and the majority of the Board concludes as a result that it is essential to defer the undertaking of such Underwritten Offering at such time, then in each case the Company shall furnish to such Holders a certificate signed by the Chairman of the Board stating that in the good faith judgment of the Board it would be seriously detrimental to the Company to undertake such Underwritten Offering in the near future and that it is therefore essential to defer the undertaking of such Underwritten Offering. In such event, the Company shall have the right to defer such offering for a period of not more than thirty (30) days; provided, however, that the Company shall not defer its obligations in this manner more than once in any twelve (12) month period.

Appears in 3 contracts

Samples: Registration Rights Agreement (NAAC Holdco, Inc.), Registration Rights Agreement (Bird Global, Inc.), Business Combination Agreement (Switchback II Corp)

Restrictions on Registration Rights. If the Demanding Holders have requested an Underwritten Offering pursuant to this Agreement an Underwritten Demand and in the good faith judgment of the majority of the Board such Underwritten Offering would be seriously detrimental to the Company and the majority of the Board concludes as a result that it is essential to defer the undertaking of such Underwritten Offering at such time, then in each case the Company shall furnish to such Holders a certificate signed by the Chairman of the Board stating that in the good faith judgment of the Board it would be seriously detrimental to the Company to undertake such Underwritten Offering in the near future and that it is therefore essential to defer the undertaking of such Underwritten OfferingOffering (any such period, a “Suspension Period”). In such event, the Company shall have the right to defer such offering for a period of not more than thirty ninety (3090) daysdays in any twelve-month period; provided, however, that the Company shall not defer its obligations in this manner more than once in any twelve (12) month period.

Appears in 2 contracts

Samples: Registration Rights Agreement (AleAnna, Inc.), Registration Rights Agreement (AleAnna Energy, LLC)

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Restrictions on Registration Rights. If the Demanding Holders have requested an Underwritten Offering pursuant to this Agreement an Underwritten Demand and in the good faith judgment of the majority of the Board such Underwritten Offering would be seriously detrimental to the Company and the majority of the Board concludes as a result that it is essential to defer the undertaking of such Underwritten Offering at such time, then in each case the Company shall furnish to such Holders a certificate signed by the Chairman of the Board stating that in the good faith judgment of the Board it would be seriously detrimental to the Company to undertake such Underwritten Offering in the near future and that it is therefore essential to defer the undertaking of such Underwritten Offering. In such event, the Company shall have the right to defer such offering for a period of not more than thirty (30) days; provided, however, that the Company shall not defer its obligations obligation in this manner more than once in any twelve (12) -month period.

Appears in 2 contracts

Samples: Registration Rights Agreement (Navitas Semiconductor Corp), Business Combination Agreement (Live Oak Acquisition Corp II)

Restrictions on Registration Rights. If the Demanding Holders have requested an Underwritten Offering pursuant to this Agreement and an Shelf Takedown Request and, in the good faith judgment of the majority of the Board Board, such Underwritten Offering would be seriously detrimental to the Company and the majority of the Board concludes as a result that it is essential to defer the undertaking of such Underwritten Offering at such time, then in each case the Company shall furnish to such Holders a certificate signed by the Chairman of the Board stating that in the good faith judgment of the Board it would be seriously detrimental to the Company to undertake such Underwritten Offering in the near future and that it is therefore essential to defer the undertaking of such Underwritten OfferingOffering (any such period, a “Suspension Period”). In such event, the Company shall have the right to defer such offering for a period of not more than thirty sixty (3060) business days; provided, however, that the Company shall not defer its obligations in this manner more than once three (3) times in any twelve twelve- (1212-) month period.

Appears in 1 contract

Samples: Registration Rights Agreement (Stardust Power Inc.)

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