Common use of Registration Period Clause in Contracts

Registration Period. In the case of the registration effected by the Company pursuant to this Section 4, the Company will use its best efforts to keep such registration effective (the "Effectiveness Period") until the earlier to occur of (a) two years from the final Closing Date, provided that the Company may suspend the effectiveness of the Registration Statement if the Board of Directors determines, upon advice of counsel, that in order to maintain effectiveness of the Registration Statement, the Company would be required to disclose a significant corporate development which disclosure would have a material effect on the Company; provided, however, that the period of time which such Registration Statement is required to be effective shall be increased by the number of days that the Registration Statement's effectiveness was suspended, if any, during the two year period from the final Closing Date, (b) the date on which all the Holders have completed the sales or distribution described in the Registration Statement relating thereto or, (c) the date on which such Registrable Securities may be sold under Rule 144(k) in the reasonable opinion of counsel to the Company (provided that the Company's transfer agent has accepted an instruction from the Company to such effect).

Appears in 1 contract

Sources: Subordinated Convertible Note Purchase Agreement (Mansur Industries Inc)

Registration Period. In the case of the registration effected by the Company Borrower pursuant to this Section 4Article VIII, the Company Borrower will use its best reasonable business efforts to keep such registration effective (hereinafter referred to as the "Effectiveness Period") until the earlier earliest to occur of (a) two years from the final Closing Datedate of exercise of the last Warrant to be exercised prior to the expiration thereof, provided that that, without limiting any provision of Section 8.2(a)(i), the Company Borrower may suspend the effectiveness of the Registration Statement if the its Board of Directors determines, upon advice of counsel, that in order to maintain effectiveness of the Registration Statement, the Company Borrower would be required to disclose a significant corporate development which disclosure would have a material effect on the CompanyBorrower; provided, however, that the period of time which such Registration Statement is required to be effective shall be increased by the number of days that the Registration Statement's effectiveness was suspended, if any, during the two year period from the final Closing Date, (b) the date on which all the Holders Lenders have completed the sales sale or distribution described in the Registration Statement relating thereto orthereto, or (c) the date on which such Registrable Securities may be sold under Rule 144(k) in the reasonable opinion of counsel to the Company Borrower (provided that the CompanyBorrower's transfer agent has accepted an instruction from the Company Borrower to such effect).

Appears in 1 contract

Sources: Loan Agreement (Hanseatic Corp)

Registration Period. In the case of the registration effected by the Company pursuant to this Section 4, the Company will use its best reasonable business efforts to keep such registration effective (the "Effectiveness Period") until the earlier to occur of (a) two years from the final Closing Date, provided that that, without limiting any provision of Section 4.1(a)(i), the Company may suspend the effectiveness of the Registration Statement if the Board of Directors determines, upon advice of counsel, that in order to maintain effectiveness of the Registration Statement, the Company would be required to disclose a significant corporate development which disclosure would have a material effect on the Company; provided, however, that the period of time which such Registration Statement is required to be effective shall be increased by the number of days that the Registration Statement's effectiveness was suspended, if any, during the two year period from the final Closing Date, (b) the date on which all the Holders Investor have completed the sales sale or distribution described in the Registration Statement relating thereto orthereto, or (c) the date on which such Registrable Securities may be sold under Rule 144(k) in the reasonable opinion of counsel to the Company (provided that the Company's transfer agent has accepted an instruction from the Company to such effect).

Appears in 1 contract

Sources: Series C Convertible Preferred Stock Purchase Agreement (Hanseatic Corp)

Registration Period. In the case of the registration effected by the Company pursuant to this Section 4, the Company will use its best reasonable business efforts to keep such registration effective (the "Effectiveness Period") until the earlier earliest to occur of (a) the later of two years from the final Closing DateDate or two years from the date of exercise of the last Warrant to be exercised prior to the expiration thereof, provided that that, without limiting any provision of Section 4.1(a)(i), the Company may suspend the effectiveness of the Registration Statement if the Board of Directors determines, upon advice of counsel, that in order to maintain effectiveness of the Registration Statement, the Company would be required to disclose a significant corporate development which disclosure would have a material effect on the Company; provided, however, that the period of time which such Registration Statement is required to be effective shall be increased by the number of days that the Registration Statement's effectiveness was suspended, if any, during the two year period from the final Closing Date, (b) the date on which all the Holders Investors have completed the sales sale or distribution described in the Registration Statement relating thereto orthereto, or (c) the date on which such Registrable Securities may be sold under Rule 144(k) in the reasonable opinion of counsel to the Company (provided that the Company's transfer agent has accepted an instruction from the Company to such effect).

Appears in 1 contract

Sources: Series D Convertible Preferred Stock Purchase Agreement (Hanseatic Corp)

Registration Period. In the case of the registration effected by the Company Borrower pursuant to this Section 4Article VIII, the Company Borrower will use its best reasonable business efforts to keep such registration effective (hereinafter referred to as the "Effectiveness Period") until the earlier earliest to occur of (a) two years from the final Closing Datedate of exercise of the last Warrant to be exercised prior to the expiration thereof, provided that that, without limiting any provision of Section 8.2(a)(i), the Company Borrower may suspend the effectiveness of the Registration Statement if the its Board of Directors determines, upon advice of counsel, that in order to maintain effectiveness of the Registration Statement, the Company Borrower would be required to disclose a significant corporate development which disclosure would have a material effect on the CompanyBorrower; providedPROVIDED, howeverHOWEVER, that the period of time which such Registration Statement is required to be effective shall be increased by the number of days that the Registration Statement's effectiveness was suspended, if any, during the two year period from the final Closing Date, (b) the date on which all the Holders Lenders have completed the sales sale or distribution described in the Registration Statement relating thereto orthereto, or (c) the date on which such Registrable Securities may be sold under Rule 144(k) in the reasonable opinion of counsel to the Company Borrower (provided that the CompanyBorrower's transfer agent has accepted an instruction from the Company Borrower to such effect).

Appears in 1 contract

Sources: Loan Agreement (Systemone Technologies Inc)