Common use of Delay in Effectiveness of Registration Statement Clause in Contracts

Delay in Effectiveness of Registration Statement. If the Registration Statement is not (a) filed by the 120th day following the date of this Agreement or (b) declared effective within 180 days after the date of this Agreement, or within 270 days after the date of this Agreement if the SEC reviews the Registration Statement, then the Company shall pay the holders of the Underlying Stock to be registered liquidated damages of 1.0% of the aggregate purchase price paid by each such holder for every 90 day period commencing 270 days after such date, or such prorated amount as may apply, until such deficiency is cured.

Delay in Effectiveness of Registration Statement. If In the event that the Registration Statement is not (a) filed declared effective by the 120th day following date (the date of this Agreement or (b"90-Day Date") declared effective within 180 that is 90 days after the date of this Agreement, or within 270 days after the date filing of this Agreement if the SEC reviews the Registration StatementStatement with the Commission pursuant to Section 7.1.1(b) above, then the Company shall pay to the holders of the Underlying Stock to be registered Purchaser liquidated damages of 1.0in an amount equal to 0.25% of the aggregate total purchase price paid of the Shares purchased by the Purchaser pursuant to this Agreement for each such holder for every 90 day period commencing 270 days week after such date, or such prorated amount as may apply, until such deficiency the 90-Day Date that the Registration Statement is curednot declared effective.