Common use of Suspension of Effectiveness Clause in Contracts

Suspension of Effectiveness. The Company's obligations under Section 2(a) and Section 3(a) shall not restrict its ability to suspend the effectiveness of, or direct Holders not to offer or sell securities under, any Demand Registration or a Piggy-Back Registration, at any time, for such reasonable period of time not to exceed 60 days which the Company believes is necessary to prevent the premature disclosure of any events or information having a material effect on the Company. In addition, the Company shall not be required to keep a Piggy-Back Registration or any Demand Registration, effective, or may, without suspending such effectiveness, instruct the holders of Registrable Shares included in a Piggy-Back Registration or any Demand Registration, not to sell such securities, during any period during which the Company is instructed, directed, ordered or otherwise requested by any governmental agency or self-regulatory organization to stop or suspend such trading or sales.

Suspension of Effectiveness. The Company's obligations under Section 2(a) and Section 3(a) shall not restrict its ability to suspend the effectiveness of, or direct Holders not to offer or sell securities under, any Demand Registration or a Piggy-Back Registration, at any time, for such reasonable period of time not to exceed 60 days which the Company believes is necessary to prevent the premature disclosure of any events or information having a material effect on the Company. In addition, the Company shall not be required to keep a Piggy-Back Registration or any Demand Registration, effective, or may, without suspending such effectiveness, instruct the holders of Registrable Shares included in a Piggy-Piggy- Back Registration or any Demand Registration, not to sell such securities, during any period during which the Company is instructed, directed, ordered or otherwise requested by any governmental agency or self-regulatory organization to stop or suspend such trading or sales.