Common use of Registration Required Clause in Contracts

Registration Required. The Purchaser hereby covenants with the Company not to make any sale of the Shares, Warrants or Underlying Shares without complying with the provisions of this Agreement, including Section 6.3 hereof, and without effectively causing the prospectus delivery requirement under the Securities Act to be satisfied (unless the Purchaser is selling its Underlying Shares in a transaction not subject to the prospectus delivery requirement), and the Purchaser acknowledges that the certificates evidencing the Shares, Warrants and Underlying Shares will be imprinted with a legend that prohibits their transfer except in accordance therewith. The Purchaser acknowledges that as set forth in, and subject to the provisions of, Section 6.3, there may occasionally be times when the Company, based on the advice of its counsel, determines that it must suspend the use of the prospectus forming a part of the Registration Statement until such time as an amendment to the Registration Statement has been filed by the Company and declared effective by the SEC or until the Company has amended or supplemented such prospectus.