Common use of Restrictions on Registrations Clause in Contracts

Restrictions on Registrations. The Company may postpone for up to 90 days the filing or the effectiveness of a registration statement for a Demand Registration if the Company delivers to the holders of Registrable Shares that have requested such Demand Registration a certificate executed by the Company’s Chief Executive Officer to the effect that such Demand Registration, if effected, would have a material adverse effect on any bona fide, material proposal or plan by the Company to engage in any financing, acquisition of assets or any merger, consolidation, tender offer or other significant transaction; provided, however, that the Company may not utilize this right more than twice in any twelve-month period.

Restrictions on Registrations. The Company will not be obligated to effect any Demand Registration within twelve months after the effective date of a previous Demand Registration. The Company may postpone for up to 90 150 days the filing or the effectiveness of a registration statement for a Demand Registration if the Company delivers reasonably believes that it would be detrimental or otherwise disadvantageous to the holders of Registrable Shares that have requested Company or its shareholders for such Demand Registration a certificate executed by the Company’s Chief Executive Officer registration statement to the effect that such Demand Registration, if effected, would have a material adverse effect on any bona fide, material proposal or plan by the Company to engage in any financing, acquisition of assets or any merger, consolidation, tender offer or other significant transactionbe filed as expeditiously as possible; provided, however, that the Company may cannot utilize this exercise its right to postpone the filing or effectiveness of a registration statement for a Demand Registration more than twice in once during any twelve-month period.

Restrictions on Registrations. The Company may postpone for up to 90 days the filing or the effectiveness of a registration statement for a Demand Registration if the Company delivers to the holders of Registrable Shares Units that have requested such Demand Registration a certificate executed by the Company’s Chief Executive Officer to the effect that such Demand Registration, if effected, would have a material adverse effect on any bona fide, material proposal or plan by the Company to engage in any financing, acquisition of assets or any merger, consolidation, tender offer or other significant transaction; provided, however, that the Company may not utilize this right more than twice in any twelve-month period.