Common use of Restrictions on Registration Clause in Contracts

Restrictions on Registration. The Company shall not be obligated to effect any Demand Registration within 120 days after the effective date of a registration involving an underwritten public offering by the Company and in which the Stockholders were given piggyback rights pursuant to Article 4 and in which there was no reduction in the number of Eligible Securities requested to be included. The Company may postpone for up to 120 days the filing or the effectiveness of a registration statement for a Demand Registration if the Company's board of directors determines in its reasonable good faith judgment that such Demand Registration would reasonably be expected to have a material adverse effect on any proposal or plan by the Company to engage in any acquisition of assets (other than in the ordinary course of business) or any merger, consolidation, tender offer, reorganization or similar transaction; provided that in such event, the Stockholders initially requesting such Demand Registration shall be entitled to withdraw such request and, if such request is withdrawn, the Demand Registration shall not count as a Demand Registration hereunder. The Company may delay a Demand Registration hereunder only once in any twelve-month period.