Registration Delay Clause Samples
A Registration Delay clause defines the consequences and procedures if there is a delay in registering securities, such as shares or bonds, with the appropriate regulatory authorities. Typically, this clause outlines the obligations of the issuer to complete registration within a specified timeframe and may specify remedies or penalties if the deadline is missed, such as payment of additional interest or damages to affected parties. Its core function is to protect investors or stakeholders from losses or uncertainties caused by delays in making securities legally tradable, ensuring timely compliance and accountability.
Registration Delay. No Holder will have any right to take any action to restrain, enjoin, or otherwise delay any registration as the result of any controversy that might arise with respect to the interpretation or implementation of this Section 1.
Registration Delay. Anything in this Section 2 to the contrary ------------------ notwithstanding, the Company may not defer or delay Investor Demand Registrations under this Section 2 for more than two 60-day periods in any 12- month period. The Company may engage in such delays only where its Board of Directors has determined, in its good faith judgment, that such Investor Demand Registration would be seriously detrimental to the Company and its shareholders. If the Company makes such a determination of detriment warranting a delay in Investor Demand Registration, prior written notice thereof shall be duly provided to the holders of the Registrable Securities.
Registration Delay. If in connection with any Demand Registration pursuant to this Section 2.2, a registration statement is not declared effective on or before 180 days after the Holders' written demand, then the Company agrees to issue additional shares of common stock (the "Additional Shares") to the Holders participating in such Demand Registration. Additional Shares shall be treated as Registrable Securities for purposes of this Agreement. The number of Additional Shares to be issued to each Holder participating in the Demand Registration shall be computed as follows:
(i) if the registration statement is declared effective more than 180 days, but not more than 210 days, after the Holders' written demand, the Company shall issue to each Holder participating in the Demand Registration that number of Additional Shares which is equal to 5% of the number of Registrable Securities included by such Holder in the Demand Registration;
(ii) if the registration statement is declared effective more than 210 days, but not more than 240 days, after the Holders' written demand, then the Company shall issue to each Holder participating in the Demand Registration that number of Additional Shares which is equal to 10% of the number of Registrable Securities included by such Holder in the Demand Registration;
(iii) if the registration statement is declared effective more than 240 days, but not more than 270 days, after the Holders' written demand, then the Company shall issue to each Holder participating in the Demand Registration that number of Additional Shares which is equal to 15% of the number of Registrable Securities included by such Holder in the Demand Registration;
(iv) if the registration statement is declared effective more than 270 days, but not more than 300 days, after the Holders' written demand, then the Company shall issue to each Holder participating in the Demand Registration that number of Additional Shares which is equal to 20% of the number of Registrable Securities included by such Holder in the Demand Registration;
(v) if the registration statement is declared effective more than 300 days, but not more than 330 days, after the Holders' written demand, then the Company shall issue to each Holder participating in the Demand Registration that number of Additional Shares which is equal to 25% of the number of Registrable Securities included by such Holder in the Demand Registration; and
(vi) if the registration statement is declared effective more than 330 days after th...
Registration Delay. If at the time of any request to register Registrable Shares pursuant to this Section 3, the Company is engaged or has fixed plans to engage within 60 days of the time of the request in a registered public offering as to which the Stockholders may include Registrable Shares pursuant to Section 4 or is engaged in any other activity that, in the good faith determination of the Company's Board of Directors, would be adversely affected by the requested registration to the material detriment of the Company, then the Company may at its option direct that such request be delayed for a period not in excess of 120 days from the effective date of such offering or the date of commencement of such other material activity, as the case may be, such right to delay a request to be exercised by the Company not more than once in any one-year period.
Registration Delay. No stockholder will have any right to take any action to restrain, enjoin, or otherwise delay any registration as the result of any controversy that might arise with respect to the interpretation or implementation of this Section 7.