Common use of Right to Defer Registration Clause in Contracts

Right to Defer Registration. The Company may postpone for up to ninety (90) days the filing or the effectiveness of a registration statement for a Short Form Registration pursuant to Section 7.2 if its Board of Directors determines, reasonably and in good faith, that such registration might have a material and adverse effect on any proposal or plan by the Company to engage in any acquisition, merger, consolidation, tender offer or any other material transaction; provided, that the Company may not postpone the filing or effectiveness of a registration statement pursuant to this Section 7.3 more than twice during any period of 12 consecutive months. Any suspension under this Section 7.3, along with any suspension of a prospectus under Section 7.7 and any market standoff period under Section 7.17, shall not exceed an aggregate of 180 days in any twelve month period.

Appears in 2 contracts

Samples: Buzztime Investor Rights Agreement (NTN Communications Inc), Buzztime Investor Rights Agreement (NTN Communications Inc)

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Right to Defer Registration. The Company may postpone for up to ninety (90) days the filing or the effectiveness of a registration statement for a Short Form Registration pursuant to Section 7.2 4.3 if its Board of Directors determines, reasonably and in good faith, that such registration might have a material and adverse effect on any proposal or plan by the Company to engage in any acquisition, merger, consolidation, tender offer or any other material transaction; provided, that the Company may not postpone the filing or effectiveness of a registration statement pursuant to this Section 7.3 4.4 more than twice during any period of 12 consecutive months. Any suspension under this Section 7.34.4, along with any suspension of a prospectus under Section 7.7 4.8 and any market standoff period under Section 7.174.18, shall not exceed an aggregate of 180 days in any twelve month period.. 4.5

Appears in 1 contract

Samples: NTN Investor Rights Agreement (NTN Communications Inc)

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Right to Defer Registration. The Company may postpone for up to ninety (90) days the filing or the effectiveness of a registration statement for a Short Form Registration pursuant to Section 7.2 4.3 if its Board of Directors determines, reasonably and in good faith, that such registration might have a material and adverse effect on any proposal or plan by the Company to engage in any acquisition, merger, consolidation, tender offer or any other material transaction; provided, that the Company may not postpone the filing or effectiveness of a registration statement pursuant to this Section 7.3 4.4 more than twice during any period of 12 consecutive months. Any suspension under this Section 7.34.4, along with any suspension of a prospectus under Section 7.7 4.8 and any market standoff period under Section 7.174.18, shall not exceed an aggregate of 180 days in any twelve month period.

Appears in 1 contract

Samples: NTN Investor Rights Agreement (NTN Communications Inc)

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