Common use of Black-Out Periods for Securities Holders Clause in Contracts

Black-Out Periods for Securities Holders. (a) No Securities Holder shall offer to sell or sell any shares of Registerable Common pursuant to a Demand Registration, and the Company shall not be required to supplement or amend any Registration Statement or otherwise facilitate the sale of Registerable Common pursuant thereto, during the 90-day period immediately following the receipt by each Securities Holder of a certificate of an authorized officer of the Company to the effect that the Board of Directors of the Company has in good faith and for valid business reasons requested that the Securities Holders refrain from selling shares of Registerable Common; provided, however, that the identity of a potential purchaser or purchasers of Registerable Common from a Securities Holder shall not constitute a valid business reason. Any period described in this subsection 4.1(a) during which Securities Holders are not able to sell shares of Registerable Common pursuant to a Demand Registration is herein referred to as a "black-out" period. The Company shall notify each Securities Holder of the expiration or earlier termination of any `black-out" period (the nature and pendency of which need not be disclosed during such "black-out" period).

Black-Out Periods for Securities Holders. (a) No Securities Holder shall offer to sell or sell any shares of Registerable Common pursuant to a Demand Registration, and the Company shall not be required to supplement or amend any Registration Statement or otherwise facilitate the sale of Registerable Common pursuant thereto, during the 90-day period immediately following the receipt by each Securities Holder of a certificate of an authorized officer of the Company to the effect that the Board of Directors of the Company has in good faith and for valid business reasons requested that the Securities Holders refrain from selling shares of Registerable Common; provided, however, that the identity of a potential purchaser or purchasers of Registerable Common from a Securities Holder shall not constitute a valid business reason. Any period described in this subsection 4.1(a) during which Securities Holders are not able to sell shares of Registerable Common pursuant to a Demand Registration is herein referred to as a "black-out" period. The Company shall notify each Securities Holder of the expiration or earlier termination of any `"black-out" period (the nature and pendency of which need not be disclosed during such "black-out" period).

Black-Out Periods for Securities Holders. (a) No Securities Holder shall offer to sell or sell any shares of Registerable Common pursuant to a Demand Registration, and the Company shall not be required to supplement or amend any Registration Statement or otherwise facilitate the sale of Registerable Common pursuant thereto, during the 90-day period (or such lesser number of days until the Company makes its next required filing under the Exchange Act) immediately following the receipt by each Securities Holder of a certificate of an authorized officer of the Company to the effect that the Board of Directors of the Company has in good faith and for valid business reasons requested that the Securities Holders refrain from selling shares of Registerable Common; providedPROVIDED, howeverHOWEVER, that the identity of a potential purchaser or purchasers of Registerable Common from a Securities Holder shall not constitute a valid business reason. Any period described in this subsection 4.1(a) during which Securities Holders are not able to sell shares of Registerable Common pursuant to a Demand Registration is herein referred to as a "black-out" period. The Company shall notify each Securities Holder of the expiration or earlier termination of any `"black-out" period (the nature and pendency of which need not be disclosed during such "black-out" period).

Black-Out Periods for Securities Holders. (a) No Securities Holder shall offer to sell or sell any shares of Registerable Common Notes pursuant to a Demand Registration, and the Company shall not be required to supplement or amend any Registration Statement or otherwise facilitate the sale of Registerable Common Notes pursuant thereto, during the 90-day period immediately following the receipt by each Securities Holder of a certificate of an authorized officer of the Company to the effect that the Board of Directors of the Company has in good faith and for valid business reasons requested that the Securities Holders refrain from selling shares of Registerable CommonNotes; provided, however, that the identity of a potential purchaser or purchasers of Registerable Common Notes from a Securities Holder shall not constitute a valid business reason. Any period described in this subsection 4.1(a3.1(a) during which Securities Holders are not able to sell shares of Registerable Common Notes pursuant to a Demand Registration is herein referred to as a "black-out" period. The Company shall notify each Securities Holder of the expiration or earlier termination of any `"black-out" period (the nature and pendency of which need not be disclosed during such "black-out" period).