Common use of Shelf Registration Statements Clause in Contracts

Shelf Registration Statements. (a) Within 120 days of the date hereof, the Company shall have filed with the Commission and shall use its best efforts to cause to be declared effective within 180 days from the date hereof, a Shelf Registration Statement, relating to the offer and sale of the Registrable Securities owned by the Holders listed on Schedule A hereto. (b) The Company will use its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the prospectus forming part thereof to be usable by such Holders for a period of three years from the date such Shelf Registration Statement is first declared effective by the Commission, or for such shorter period that will terminate when all Registrable Securities covered by such Shelf Registration Statement have been sold pursuant thereto or cease to be outstanding or otherwise to be Registrable Securities. (c) The Company will pay the Registration Expenses in connection with any Shelf Registration Statement pursuant to this Section 2.8.