Common use of Delay in Effectiveness of Registration Statement Clause in Contracts

Delay in Effectiveness of Registration Statement. (A) In the event that the Registration Statement has not been declared effective by the Effectiveness Deadline, then the Company shall pay to each Holder a Monthly Delay Payment (as defined below) for each 30 day period (or portion thereof) thereafter during which the Registration Statement has not been declared effective, which Monthly Delay Payments shall not in the aggregate exceed the maximum percentage permitted by law.

Delay in Effectiveness of Registration Statement. (A) In the event that the Registration Statement has not been declared effective by within 90 days from the Effectiveness DeadlineClosing Date, then the Company shall pay to each Holder a Monthly Delay Payment Payments (as defined and described below) for each 30 day period (or portion thereof) thereafter during which the Registration Statement has not been declared effective, which Monthly Delay Payments shall not in the aggregate exceed the maximum percentage permitted by law).

Delay in Effectiveness of Registration Statement. (A) In the event that the Registration Statement has not been declared effective by the Effectiveness Deadline, then the Company shall pay to each Holder cause a Monthly Delay Payment (as defined below) Conversion Price Reduction for each 30 thirty (30) day period (or portion thereof) thereafter during which the Registration Statement has not been declared effective, which Monthly Delay Payments shall not in the aggregate exceed the maximum percentage permitted by law.

Delay in Effectiveness of Registration Statement. (A) In the event that the Registration Statement has not been declared effective by the Effectiveness Deadline, then the Company shall pay in cash or common stock, as provided in Section 2(b)(v), to each Holder a Monthly Delay Payment (as defined below) for each 30 day period (or portion thereof) thereafter during which the Registration Statement has not been declared effective, which Monthly Delay Payments shall not in the aggregate exceed the maximum percentage permitted by law.

Delay in Effectiveness of Registration Statement. (A) In the event that the Registration Statement has not been declared effective by the Effectiveness Deadline, then the Company shall pay in cash or common stock, as provided in Section 2(b)(v), to each Holder a Monthly Delay Payment (as defined below) for each 30 day period (or portion thereof) thereafter during which the Registration Statement has not been declared effective, which Monthly Delay Payments shall not in the aggregate exceed the maximum percentage permitted by law.