Registration Delay Payments definition

Registration Delay Payments shall have the meaning set forth in Section 2(e).

Registration Delay Payments has the meaning set forth in Section 4.7(b).

Registration Delay Payments is defined in Section 2(k).

Examples of Registration Delay Payments in a sentence

• In the event the Company fails to make Registration Delay Payments in a timely manner, such Registration Delay Payments shall bear interest at the rate of one and one-half percent (1.5%) per month (prorated for partial months) until paid in full.

• In the event the Company fails to make Registration Delay Payments in a timely manner in accordance with the foregoing, such Registration Delay Payments shall bear interest at the rate of one percent (1%) per month (prorated for partial months) until paid in full.

• In the event the Company fails to make Registration Delay Payments in a timely manner in accordance with the foregoing, such Registration Delay Payments shall bear interest at the rate of two percent (2%) per month (prorated for partial months) until paid in full.

• In the event the Company fails to make Registration Delay Payments in a timely manner, such Registration Delay Payments shall bear interest at the rate of one percent (1.0%) per month (prorated for partial months) until paid in full.

• In the event the Company fails to make Registration Delay Payments in a timely manner, such Registration Delay Payments shall bear interest at the rate of 1.5% per month (prorated for partial months) until paid in full.

More Definitions of Registration Delay Payments

Registration Delay Payments shall have the meaning assigned to such term in Section 2(g).

Registration Delay Payments has the meaning set forth in Section 3(a).

Registration Delay Payments shall have the meaning ascribed to such term in Section 5.3.

Registration Delay Payments. Registration Delay Payments shall be paid on the day of the Filing Failure, Effectiveness Failure and the initial day of a Maintenance Failure, as applicable, and thereafter on the earlier of (I) the thirtieth day after the event or failure giving rise to the Registration Delay Payments has occurred and (II) the third Business Day after the event or failure giving rise to the Registration Delay Payments is cured. In the event the Company fails to make Registration Delay Payments in a timely manner, such Registration Delay Payments shall bear interest at the rate of one percent (1.0%) per month (prorated for partial months) until paid in full.

Registration Delay Payments shall be calculated on a cumulative basis and paid within five (5) Business Days of the Event Date and each monthly anniversary thereof. If the Company fails to make Registration Delay Payments in a timely manner, such Registration Delay Payments shall bear interest at the rate of 2.0% per month (or the maximum rate permitted by law), pro-rated for partial months, until paid in full. Notwithstanding anything to the contrary, the Company shall not be required to make any Registration Delay Payments if an Event described above arises solely as a result of (i) comments by the Commission relating to or directed at any of the Holders in connection with a Registration Statement and no other comments relating to the Registration Statement remain outstanding or (ii) the fact that the Commission refuses to accept or review a Registration Statement because shares of Common Stock issuable upon exercise of the Adjustment Warrants are being included in such Registration Statement unless the Company refuses to permit all other Registrable Securities to immediately go effective in such initial Registration Statement.

Registration Delay Payments. For the purpose of clarity, if a Filing Failure, Effectiveness Failure or Maintenance Failure is continuing for 45 days, the amount of such Registration Delay Payments that shall have accrued would be an amount equal to 3.0% of the aggregate Purchase Price of such Investor's Registrable Securities included in such Registration Statement. Registration Delay Payments shall be paid on the day of the Filing Failure, Effectiveness Failure or the initial day of Maintenance Failure, as applicable, and thereafter on the earlier of (I) on the thirtieth day after the event or failure giving rise to the Registration Delay Payments are incurred and (II) the third Business Day after the event or failure giving rise to the Registration Delay Payments is cured. In the event the Company fails to make Registration Delay Payments in a timely manner, such Registration Delay Payments shall bear interest at the rate of one and one-half percent (1.5%) per month (prorated for partial months) until paid in full. Notwithstanding anything herein or in the Securities Purchase Agreement to the contrary, (i) no Registration Delay Payments shall be due and payable with respect to the Warrants or the Warrant Shares and (ii) in no event shall the aggregate amount of Registration Delay Payments (other than Registration Delay Payments payable pursuant to events that are within the control of the Company) exceed, in the aggregate, 10% of the aggregate Purchase Price. Notwithstanding anything herein to the contrary, if the applicable Effective Date has occurred and the Company has paid to the Investors the Registration Delay Payments (including any accrued interest thereon, if any), the Investors shall not be entitled to seek any additional cash damages from any court, administrative body, tribunal or authority against the Company with respect to such Filing Failure, Effectiveness Failure, and/or Maintenance Failure, as applicable; provided, however, that this sentence shall not preclude any Investor from seeking or obtaining remedies or exercising any rights of such Investor under any other Transaction Document (as defined in the Securities Purchase Agreement).

Registration Delay Payments is defined in Section 2(i). “Registration Expenses” is defined in Section 4.