Common use of Filing and Effectiveness of Registration Statement Clause in Contracts

Filing and Effectiveness of Registration Statement. The Company shall prepare and file with the Commission not later than 60 days after the Closing Date, a Registration Statement relating to the offer and sale of the Registrable Securities and shall use its best efforts to cause the Commission to declare such Registration Statement effective under the Securities Act as promptly as practicable but not later than 150 days after the Closing Date, assuming for purposes hereof a Conversion Price under the Certificate of Designation of $1.50 per share. The Company shall not include any other securities in the Registration Statement relating to the offer and sale of the Registrable Securities. The Company shall notify the Initial Investor by written notice that such Registration Statement has been declared effective by the Commission within 24 hours of such declaration by the Commission.

Filing and Effectiveness of Registration Statement. The Company shall prepare and file with the Commission by not later than 60 fifteen (15) business days after the Closing Datedate hereof, a Registration Statement relating to the offer and sale of the Registrable Securities and shall use its best efforts to cause the Commission to declare such Registration Statement effective under the Securities Act as promptly as practicable but not later than 150 120 calendar days after the Closing Date, assuming for purposes hereof such date. Such registration statement shall assume a Conversion Price under the Certificate conversion price of Designation of One Dollar Fifty Cents ($1.50 1.50) per share. The Company shall not include any other securities in the Registration Statement relating to the offer and sale of the Registrable Securities. The Company shall notify the Initial Investor IFT by written notice that such Registration Statement has been declared effective by the Commission within 24 48 hours of such declaration by the Commission.

Filing and Effectiveness of Registration Statement. The Company shall prepare and file with the Commission not later than 60 30 days after the Closing Date, a Registration Statement relating to the offer and sale of the Registrable Securities and shall use its best efforts to cause the Commission to declare such Registration Statement effective under the Securities Act as promptly as practicable but not later than 150 90 days after the Closing Date, assuming for purposes hereof a Conversion Price under the Certificate Preferred Shares of Designation fifty percent (50%) of $1.50 per sharethe Current Market Price on the Closing Date. The Company shall not include any other securities in the Registration Statement relating to the offer and sale of the Registrable Securities, except for shares of Common Stock underlying warrants presently outstanding for the purchase of 80,000 shares of Common Stock at an exercise price of $1.06 per share (which warrants carry tag-along registration rights). The Company shall notify the Initial Investor by written notice that such Registration Statement has been declared effective by the Commission within 24 hours of such declaration by the Commission.

Filing and Effectiveness of Registration Statement. The Company shall prepare and file with the Commission not later than 60 30 days after the Closing Date, a Registration Statement relating to the offer and sale of the Registrable Securities and shall use its best efforts to cause the Commission to declare such Registration Statement effective under the Securities Act as promptly as practicable but not later than 150 90 days after the Closing Date, assuming for purposes hereof a Conversion Price under the Certificate Preferred Shares of Designation fifty percent (50%) of $1.50 per sharethe Current Market Price on the Closing Date. The Company shall not include any other securities in the Registration Statement relating to the offer and sale of the Registrable Securities. The Company shall notify the Initial Investor by written notice that such Registration Statement has been declared effective by the Commission within 24 hours of such declaration by the Commission.

Filing and Effectiveness of Registration Statement. The Company shall prepare and file with the Commission not later than 60 30 days after the Closing Date, a Registration Statement relating to the offer and sale of the Registrable Securities and shall use its best efforts to cause the Commission to declare such Registration Statement effective under the Securities Act as promptly as practicable but not later than 150 days after the Closing DateMay 1, 1999, assuming for purposes hereof a Conversion Price under the Certificate of Designation of $1.50 0.80 per share. The Company shall not include any other securities in the Registration Statement relating to the offer and sale of the Registrable Securities. The Company shall notify the Initial Investor by written notice that such Registration Statement has been declared effective by the Commission within 24 hours of such declaration by the Commission.

Filing and Effectiveness of Registration Statement. The Company shall prepare and file with the Commission not later than 60 forty-five (45) days after the Closing Datedate of issuance of the Preferred Stock, a Registration Statement relating to the offer and sale of the Registrable Securities Securities, assuming for purposes hereof a conversion price of the Preferred Stock of $1.25 per share and shall use its best efforts to cause the Commission to declare such Registration Statement effective under the Securities Act as promptly as practicable but not later than 150 one hundred and twenty days after the Closing Date, assuming for purposes hereof a Conversion Price under the Certificate of Designation of $1.50 per share. The Company shall not include any other securities in the Registration Statement relating to the offer and sale of the Registrable Securities. The Company shall notify the Initial Investor by written notice that such Registration Statement has been declared effective by the Commission within 24 hours of such declaration by the Commission.

Filing and Effectiveness of Registration Statement. The Company shall prepare and file with the Commission by not later than 60 21 days after the Closing DateDate (as defined in the Securities Purchase Agreement), a Registration Statement relating to the offer and sale of the Registrable Securities and shall use its best efforts to cause the Commission to declare such Registration Statement effective under the Securities Act as promptly as practicable but not later than 150 105 days after the Closing Date, assuming for purposes hereof a Conversion Price under (as defined in the Certificate Amendment) of Designation of not greater than $1.50 1.83 per share. The Company shall not include any other securities in the Registration Statement relating to the offer and sale of the Registrable Securities. The Company shall notify the Initial Investor by written notice that such Registration Statement has been declared effective by the Commission within 24 48 hours of such declaration by the Commission.

Filing and Effectiveness of Registration Statement. The Company shall prepare and file with the Commission not later than 60 days the 45th day after the Closing Initial Funding Date, a Registration Statement relating to the offer and sale of the Registrable Securities and shall use its best efforts to cause the Commission to declare such Registration Statement effective under the Securities Act as promptly as practicable but not later than 150 120 days after the Closing DateInitial Funding Date (as defined in the Securities Purchase Agreement), assuming for purposes hereof a Conversion Price under the Certificate of Designation Preferred Stock of $1.50 2.00 per share. The Company shall not include any other securities in the Registration Statement relating to the offer and sale of the Registrable Securities. The Company shall notify the Initial Investor by written notice that such Registration Statement has been declared effective by the Commission within 24 hours of such declaration by the Commission.

Filing and Effectiveness of Registration Statement. The Company shall prepare and file with the Commission not later than 60 days after the Closing DateApril 1, 2000, a Registration Statement relating to the offer and sale of the Registrable Securities and shall use its best efforts to cause the Commission to declare such Registration Statement effective under the Securities Act as promptly as practicable but not later than 150 days after the Closing DateJune 1, 2000, assuming for purposes hereof a Conversion Price under (as defined in the Certificate of Designation Designation) of $1.50 per share2.50. The Company shall not include any other securities in the Registration Statement relating to the offer and sale of the Registrable Securities. The Company shall notify the Initial Investor by written notice that such Registration Statement has been declared effective by the Commission within 24 hours of such declaration by the Commission.

Filing and Effectiveness of Registration Statement. The Company shall prepare and file with the Commission not later than 60 30 days after the Closing Date, a Registration Statement relating to the offer and sale of the Registrable Securities and shall use its best efforts to cause the Commission to declare such Registration Statement effective under the Securities Act as promptly as practicable but not later than 150 one hundred fifty (150) days after the Closing Date, assuming for purposes hereof a Conversion Price under the Certificate of Designation of $1.50 0.80 per share. The Company shall not include any other securities in the Registration Statement relating to the offer and sale of the Registrable Securities. The Company shall notify the Initial Investor by written notice that such Registration Statement has been declared effective by the Commission within 24 hours of such declaration by the Commission.