Common use of Effectiveness and Scope Clause in Contracts

Effectiveness and Scope. The Company shall use its commercially reasonable efforts to cause the Mandatory Shelf Registration Statement to be declared effective by the Commission as soon as reasonably practicable following the date that is one hundred eighty (180) days following the Effective Date, and to remain effective until the date on which all Common Stock in respect thereof cease to be Registrable Shares, as herein defined. Notwithstanding the foregoing, the Company shall not be required to cause the Mandatory Shelf Registration Statement to be declared effective by the Commission for so long as all Holders are subject to the Lock-Up Agreement. The Mandatory Shelf Registration Statement shall provide for the resale from time to time, and pursuant to any method or combination of methods legally available (including an Underwritten Offering), by the Holders of any and all Registrable Shares.