Common use of Initial Shelf Registration Clause in Contracts

Initial Shelf Registration. Beginning after the Form S-3 Eligibility Date, the Company shall use its reasonable best efforts to qualify and remain qualified to register the offer and sale of securities on Form S-3. Within ninety (90) days after the time that the Company first becomes eligible to use Form S-3, the Company shall use its reasonable best efforts to file a Registration Statement on Form S-3 (the “Initial S-3 Registration Statement”) registering a sufficient number of shares of Common Stock to permit secondary sales of all Registrable Securities then outstanding. The Company shall use its reasonable best efforts to cause the SEC to declare such Initial S-3 Registration Statement effective as soon as practical thereafter.