Common use of Right of Deferral Clause in Contracts

Right of Deferral. Notwithstanding the foregoing, the Fund shall not be obligated to file a Registration Statement pursuant to this Section 3 if the Fund furnishes to those Holders requesting Registration of Registrable Securities a certificate signed by the chief executive officer or chairman of the board of the Fund stating that in the good faith judgment of the Board it would be seriously detrimental to the Fund or its shareholders for a Registration Statement to be filed in the near future. In such event, the Fund’s obligation to use its commercially reasonable best efforts to file a Registration Statement shall be deferred for a period not to exceed ninety (90) days from the receipt of the request to file the registration by the Initiating Holder(s); provided, that the Fund shall not exercise the right to delay a request contained in this Section 3.2 more than once in any 12 month period, and provided further, that during such deferral period, the Fund shall not file a Registration Statement with respect to any preferred shares of the Fund.

Right of Deferral. Notwithstanding the foregoing, the Fund shall not be obligated to file a Registration Statement pursuant to this Section 3 if the Fund furnishes to those Holders requesting Registration of Registrable Securities a certificate signed by the chief executive officer or chairman of the board of the Fund stating that in the good faith judgment of the Board it would be seriously detrimental to the Fund or its shareholders for a Registration Statement to be filed in the near future. In such event, the Fund’s 's obligation to use its commercially reasonable best efforts to file a Registration Statement shall be deferred for a period not to exceed ninety (90) 90 days from the receipt of the request to file the registration by the Initiating Holder(s)that Holder; provided, that the Fund shall not exercise the right to delay a request contained in this Section 3.2 more than once in any 12 month period, and provided further, that during such deferral 90 day period, the Fund shall not file a Registration Statement with respect to any preferred shares of the Fund.

Right of Deferral. Notwithstanding the foregoing, the Fund shall not be obligated to file a Registration Statement pursuant to this Section 3 if the Fund furnishes to those Holders requesting Registration of Registrable Securities a certificate signed by the chief executive officer or chairman of the board of the Fund stating that in the good faith judgment of the Board it would be seriously detrimental to the Fund or its shareholders for a Registration Statement to be filed in the near future. In such event, the Fund’s 's obligation to use its commercially reasonable best efforts to file a Registration Statement shall be deferred for a period not to exceed ninety (90) days from the receipt of the request to file the registration by the Initiating Holder(s); provided, that the Fund shall not exercise the right to delay a request contained in this Section 3.2 more than once in any 12 month period, and provided further, that during such deferral period, the Fund shall not file a Registration Statement with respect to any preferred shares of the Fund.

Right of Deferral. Notwithstanding the foregoing, the Fund shall not be obligated to file a Registration Statement pursuant to this Section 3 if the Fund furnishes to those Holders requesting Registration of Registrable Securities a certificate signed by the chief executive officer or chairman of the board of the Fund stating that in the good faith judgment of the Board it would be seriously detrimental to the Fund or its shareholders for a Registration Statement to be filed in the near future. In such event, the Fund’s obligation to use its commercially reasonable best efforts to file a Registration Statement shall be deferred for a period not to exceed ninety (90) days from the receipt of the request to file the registration by the Initiating Holder(s); provided, that the Fund shall not exercise the right to delay a request contained in this Section 3.2 more than once in any 12 month period, and provided provided, further, that during such deferral period, the Fund shall not file a Registration Statement with respect to any preferred shares of the Fund.

Right of Deferral. Notwithstanding the foregoing, the Fund shall not be obligated to file a Registration Statement pursuant to this Section 3 if the Fund furnishes to those Holders requesting Registration of Registrable Securities a certificate signed by the chief executive officer or chairman of the board of the Fund stating that in the good faith judgment of the Board it would be seriously detrimental to the Fund or its shareholders for a Registration Statement to be filed in the near future. In such event, the Fund’s obligation to use its commercially reasonable best efforts to file a Registration Statement shall be deferred for a period not to exceed ninety (90) 90 days from the receipt of the request to file the registration by the Initiating Holder(s)that Holder; provided, that the Fund shall not exercise the right to delay a request contained in this Section 3.2 more than once in any 12 month period, and provided further, that during such deferral 90 day period, the Fund shall not file a Registration Statement with respect to any preferred shares of the Fund.

Right of Deferral. Notwithstanding the foregoing, the Fund shall not be obligated to file a Registration Statement pursuant to this Section 3 if the Fund furnishes to those Holders requesting Registration of Registrable Securities a certificate signed by the chief executive officer or chairman of the board Board of the Fund stating that in the good faith judgment of the Board it would be seriously detrimental to the Fund or its shareholders stockholders for a Registration Statement to be filed in the near future. In such event, the Fund’s 's obligation to use its commercially reasonable best efforts to file a Registration Statement shall be deferred for a period not to exceed ninety (90) 90 days from the receipt of the request to file the registration Registration Statement by the Initiating Holder(s); provided, that the Fund shall not exercise the right to delay a request contained in this Section 3.2 more than once in any 12 month period, and provided further, that during such deferral 90 day period, the Fund shall not file a Registration Statement with respect to any preferred shares of the FundFund except as otherwise may be agreed in writing by the Parties.

Right of Deferral. Notwithstanding the foregoing, the Fund shall not be obligated to file a Registration Statement pursuant to this Section 3 if the Fund furnishes to those Holders requesting Registration of Registrable Securities a certificate signed by the chief executive officer or chairman of the board of the Fund stating that in the good faith judgment of the Board it would be seriously detrimental to the Fund or its shareholders for a Registration Statement to be filed in the near future. In such event, the Fund’s 's obligation to use its commercially reasonable best efforts to file a Registration Statement shall be deferred for a period not to exceed ninety (90) 90 days from the receipt of the request to file the registration by the Initiating Holder(s); provided, that the Fund shall not exercise the right to delay a request contained in this Section 3.2 more than once in any 12 month period, and provided further, that during such deferral 90 day period, the Fund shall not file a Registration Statement with respect to any preferred shares of the Fund.

Right of Deferral. Notwithstanding the foregoing, the Fund shall not be obligated to file a Registration Statement pursuant to this Section 3 if the Fund furnishes to those the Initiating Holders requesting Registration of Registrable Securities a certificate signed by the chief executive officer of the Fund or the chairman of the board of the Fund Board stating that that, in the good faith judgment of the Board it would Board, filing in the near future a Registration Statement pursuant to this Section 3 could reasonably be expected to be seriously detrimental to the Fund or its shareholders for a Registration Statement to be filed in the near futureshareholders. In such event, the Fund’s 's obligation to use its commercially reasonable best efforts to file a Registration Statement shall be deferred for a period not to exceed ninety (90) days from the receipt of the request to file the registration Registration Statement by the Initiating Holder(s) (for purposes of this Section 3.2, a "90-day period"); provided, that the Fund shall not exercise the right to delay a request contained in this Section 3.2 more than once in any 12 12-month period, and provided further, that during such deferral 90-day period, the Fund shall not file a Registration Statement with respect to any preferred shares of the FundFund except as agreed to in writing by the Parties.

Right of Deferral. Notwithstanding the foregoing, the Fund shall not be obligated to file a Registration Statement pursuant to this Section 3 if the Fund furnishes to those the Initiating Holders requesting Registration of Registrable Securities a certificate signed by the chief executive officer or chairman of the board of the Fund stating that (i) in the good faith judgment of the Board it would could reasonably be expected to be seriously detrimental to the Fund or its shareholders for a Registration Statement to be filed in the near future. In such event, the Fund’s 's obligation to use its commercially reasonable best efforts to file a Registration Statement shall be deferred for a period not to exceed ninety (90) 90 days from the receipt of the request to file the registration Registration Agreement by the Initiating Holder(s); provided, that the Fund shall not exercise the right to delay a request contained in this Section 3.2 more than once in any 12 month period, and provided further, that during such deferral up to 90 day period, the Fund shall not file a Registration Statement with respect to any preferred shares of the FundFund except as agreed to in writing by the Parties.

Right of Deferral. Notwithstanding the foregoing, the Fund shall not be obligated to file a Registration Statement pursuant to this Section 3 if the Fund furnishes to those Holders requesting Registration of Registrable Securities a certificate signed by the chief executive officer or chairman of the board of the Fund stating that in the good faith judgment of the Board it would be seriously detrimental to the Fund or its shareholders for a Registration Statement to be filed in the near future. In such event, the Fund’s obligation to use its commercially reasonable best efforts to file a Registration Statement shall be deferred for a period not to exceed ninety (90) 90 days from the receipt of the request to file the registration by the Initiating Holder(s); provided, that the Fund shall not exercise the right to delay a request contained in this Section 3.2 more than once in any 12 month period, and provided further, that during such deferral up to 90 day period, the Fund shall not file a Registration Statement with respect to any preferred shares of the Fund.

Right of Deferral. Notwithstanding the foregoing, the Fund shall not be obligated to file a Registration Statement pursuant to this Section 3 if the Fund furnishes to those the Initiating Holders requesting Registration of Registrable Securities a certificate signed by the chief executive officer of the Fund or the chairman of the board of the Fund Board stating that that, in the good faith judgment of the Board it would Board, filing in the near future a Registration Statement pursuant to this Section 3 could reasonably be expected to be seriously detrimental to the Fund or its shareholders for a Registration Statement to be filed in the near futureshareholders. In such event, the Fund’s obligation to use its commercially reasonable best efforts to file a Registration Statement shall be deferred for a period not to exceed ninety (90) 90 days from the receipt of the request to file the registration Registration Statement by the Initiating Holder(s) (for purposes of this Section 3.2, a “90 day period”); provided, that the Fund shall not exercise the right to delay a request contained in this Section 3.2 more than once in any 12 12-month period, and provided further, that during such deferral 90 day period, the Fund shall not file a Registration Statement with respect to any preferred shares of the FundFund except as agreed to in writing by the Parties.

Right of Deferral. Notwithstanding the foregoing, the Fund shall not be obligated to file a Registration Statement pursuant to this Section 3 if the Fund furnishes to those the Initiating Holders requesting Registration of Registrable Securities a certificate signed by the chief executive officer of the Fund or the chairman of the board of the Fund Board stating that that, in the good faith judgment of the Board it would Board, filing in the near future a Registration Statement pursuant to this Section 3 could reasonably be expected to be seriously detrimental to the Fund or its shareholders for a Registration Statement to be filed in the near futureshareholders. In such event, the Fund’s obligation to use its commercially reasonable best efforts to file a Registration Statement shall be deferred for a period not to exceed ninety (90) days from the receipt of the request to file the registration Registration Statement by the Initiating Holder(s) (for purposes of this Section 3.2, a “90-day period”); provided, that the Fund shall not exercise the right to delay a request contained in this Section 3.2 more than once in any 12 12-month period, and provided further, that during such deferral 90-day period, the Fund shall not file a Registration Statement with respect to any preferred shares of the FundFund except as agreed to in writing by the Parties.

Right of Deferral. Notwithstanding the foregoing, the Fund shall not be obligated to file a Registration Statement pursuant to this Section 3 if the Fund furnishes to those Holders requesting Registration of Registrable Securities a certificate signed by the chief executive officer or chairman of the board of the Fund stating that in the good faith judgment of the Board it would be seriously detrimental to the Fund or its shareholders for a Registration Statement to be filed in the near future. In such event, the Fund’s obligation to use its commercially reasonable best efforts to file a Registration Statement shall be deferred for a period not to exceed ninety (90) days from the receipt of the request to file the registration by the Initiating Holder(s); provided, that the Fund shall not exercise the right to delay a request contained in this Section 3.2 more than once in any 12 twelve (12) month period, and provided provided, further, that during such deferral period, the Fund shall not file a Registration Statement with respect to any preferred shares of the Fund.

Right of Deferral. Notwithstanding the foregoing, the Fund shall not be obligated to file a Registration Statement pursuant to this Section 3 if the Fund furnishes to those the Initiating Holders requesting Registration of Registrable Securities a certificate signed by the chief executive officer of the Fund or the chairman of the board of the Fund Board stating that that, in the good faith judgment of the Board it would Board, filing in the near future a Registration Statement pursuant to this Section 3 could reasonably be expected to be seriously detrimental to the Fund or its shareholders for a Registration Statement to be filed in the near futureshareholders. In such event, the Fund’s 's obligation to use its commercially reasonable best efforts to file a Registration Statement shall be deferred for a period not to exceed ninety (90) 90 days from the receipt of the request to file the registration Registration Statement by the Initiating Holder(s) (for purposes of this Section 3.2, a "90 day period"); provided, that the Fund shall not exercise the right to delay a request contained in this Section 3.2 more than once in any 12 12-month period, and provided further, that during such deferral 90 day period, the Fund shall not file a Registration Statement with respect to any preferred shares of the FundFund except as agreed to in writing by the Parties.