Examples of Registration Penalty in a sentence
No Registration Penalty shall accrue on any Cut Back Shares until such time as the Company is able to effect the registration of the Cut Back Shares in accordance with any SEC Restrictions (such date, the “Restriction Termination Date”).
At no time will a Registration Penalty in excess of one-half of one percent (0.50%) be payable pursuant to the provisions of the Registration Rights Agreement.
The Registration Penalty shall be equal to the sum of Fifty Thousand Dollars ($50,000.00) for failing to cause the Demand Registration Statement to be declared effective within one hundred fifty (150) days after filing and an additional Fifty Thousand Dollars ($50,000.00) for each ninety (90) day period thereafter until such time as the Demand Registration Statement is declared effective.
From and after the Restriction Termination Date, all of the provisions of this Section 5.3 (including the Registration Penalty provisions) shall again be applicable to the Cut Back Shares; provided, however, that for such purposes the date on which the Registration Request is received shall be deemed to be the Restriction Termination Date.
In the event that a Shelf Registration Statement is filed and declared effective, but subsequently ceases to be effective during the Effectiveness Period for more than 90 days, whether or not consecutive, during any 12-month period, then a Registration Penalty will accrue at a rate per annum equal to one-half of one percent (0.50%) of the principal amount or liquidation amount, as applicable, from such 91st day until such time as the Shelf Registration Statement again becomes effective.
Such Registration Penalty will cease to accrue on the date on which the Exchange Offer is consummated or the Shelf Registration Statement is declared effective by the Commission, as applicable.
As with the Registration Penalty, the Company shall also be required to pay investors an amount equal to 1% of the principal amount of the Amount subscribed for by Investors and received by the Company if the Company becomes deficient in their Securities Exchange Act of 1934 filings (taking into account permitted extensions) up until the point that the above mentioned Registration Statement becomes effective (“Late Filing Penalty”).
The Registration Penalty shall accrue on a daily basis and shall be payable in arrears by the Company within 10 days of the end of each monthly anniversary of the Event Date until such time as all then continuing Events shall have been cured.
The Company will forthwith mail a copy of each such certificate to the holder of the Warrant and any Warrant agent of the Company (appointed pursuant to Section 11 hereof); provided, however, that the failure of the Company to mail a copy of such certificate to the Holder of the Warrant and any Warrant Agent shall not affect the Delayed Registration Penalty and/or the number of shares of Common Stock (or Other Securities) represented hereby.
A Registration Penalty will be paid semi-annually in arrears, with the first semi-annual payment due on the first interest or distribution payment date, as applicable, following the date on which such Registration Penalty begins to accrue, and will accrue at a rate per annum equal to an additional one-quarter of one percent (0.25%) per Registration Default (not to exceed in the aggregate 0.50%) of the principal amount or liquidation amount, as applicable.