Common use of Restrictions on Registration Clause in Contracts

Restrictions on Registration. PHT will not be obligated to effect a Registration within one hundred twenty (120) days after the effective date of a registration statement in which Common Shares of the Investor are included in a registration statement pursuant to Section 5.2 hereof. PHT may postpone for a period not exceeding ninety (90) days the filing or the effectiveness of a registration statement for a Registration if PHT provides Investor with written notice that in PHT's good faith judgment such Registration might have an adverse effect on any proposal or plan by PHT to engage in any acquisition of assets (other than in the ordinary course of business) or any merger, consolidation, tender offer, public offering or similar transaction, provided that, in such event, PHT will use its best efforts to effect a Registration as promptly as practicable thereafter.