Common use of Postponement of Demand Registration Clause in Contracts

Postponement of Demand Registration. NBCi will be entitled to postpone the obligation to file any Demand Registration for a reasonable period of time not exceeding 90 calendar days (other than the Demand Registration for the Initial CNET Demand [which may be postponed for a reasonable period of time not exceeding 60 calendar days]) if NBCi's Board of Directors determines, in the good faith exercise of its business judgment, that such registration and offering would materially interfere with BONA FIDE financing plans or strategic acquisition, disposition or alliance of NBCi that would require disclosure of information, the premature disclosure of which could materially and adversely affect NBCi. Notwithstanding the foregoing, in no event shall the aggregate number of days during any period of 12 consecutive months during which the Registering Holders are subject to (i) postponement pursuant to this Section 3(d), (ii) postponement pursuant to Section 2(d) and (iii) Black-Out pursuant to Section 7 exceed 90 days [; PROVIDED, HOWEVER, that any postponement with respect to an Initial CNET Demand shall be disregarded in determining the aggregate number of days during any 12-month period]. If NBCi postpones the filing of a Registration Statement, it will promptly notify the Holders in writing (i) when the events or circumstances permitting such postponement have ended and (ii) that the decision to postpone was made by the Board of Directors of NBCi in accordance with this Section 3(d).

Appears in 2 contracts

Samples: Registration Rights Agreement (NBC Internet Inc), Registration Rights Agreement (General Electric Co)

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Postponement of Demand Registration. NBCi will be entitled to postpone the obligation to file any Demand Registration for a reasonable period of time not exceeding 90 calendar days (other than the Demand Registration for the Initial CNET Demand [which may be postponed for a reasonable period of time not exceeding 60 calendar days], PROVIDED that NBCi will file the Demand Registration for the Initial CNET Demand no later than 120 days following the date on which the Demand Notice is given, and the Initial CNET Demand will not be subject to any additional Black-Out period pursuant to Section 7) if NBCi's Board of Directors determines, in the good faith exercise of its business judgment, that such registration and offering would materially interfere with BONA FIDE financing plans or strategic acquisition, disposition or alliance of NBCi that would require disclosure of information, the premature disclosure of which could materially and adversely affect NBCi. Notwithstanding the foregoing, in no event shall the aggregate number of days during any period of 12 consecutive months during which the Registering Holders are subject to (i) postponement pursuant to this Section 3(d), (ii) postponement pursuant to Section 2(d) and (iii) Black-Out pursuant to Section 7 exceed 90 days [; PROVIDED, HOWEVER, that any postponement with respect to an Initial CNET Demand shall be disregarded in determining the aggregate number of days during any 12-month period]. If NBCi postpones the filing of a Registration Statement, it will promptly notify the Holders in writing (i) when the events or circumstances permitting such postponement have ended and (ii) that the decision to postpone was made by the Board of Directors of NBCi in accordance with this Section 3(d).

Appears in 1 contract

Samples: Registration Rights Agreement (NBC Internet Inc)

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Postponement of Demand Registration. NBCi will be entitled to ----------------------------------- postpone the obligation to file any Demand Registration for a reasonable period of time not exceeding 90 calendar days (other than the Demand Registration for the Initial CNET Demand [which may be postponed for a reasonable period of time not exceeding 60 calendar days], provided that NBCi will file the Demand -------- Registration for the Initial CNET Demand no later than 120 days following the date on which the Demand Notice is given, and the Initial CNET Demand will not be subject to any additional Black-Out period pursuant to Section 7) if NBCi's Board of Directors determines, in the good faith exercise of its business judgment, that such registration and offering would materially interfere with BONA FIDE bona fide financing plans or strategic acquisition, disposition or alliance of ---- ---- NBCi that would require disclosure of information, the premature disclosure of which could materially and adversely affect NBCi. Notwithstanding the foregoing, in no event shall the aggregate number of days during any period of 12 consecutive months during which the Registering Holders are subject to (i) postponement pursuant to this Section 3(d), (ii) postponement pursuant to Section 2(d) and (iii) Black-Out pursuant to Section 7 exceed 90 days [days; PROVIDEDprovided, HOWEVERhowever, that any postponement with respect to an Initial CNET Demand -------- ------- shall be disregarded in determining the aggregate number of days during any 12-12- month period]. If NBCi postpones the filing of a Registration Statement, it will promptly notify the Holders in writing (i) when the events or circumstances permitting such postponement have ended and (ii) that the decision to postpone was made by the Board of Directors of NBCi in accordance with this Section 3(d).

Appears in 1 contract

Samples: Registration Rights Agreement (Kitze Christopher)

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