Common use of Effective Registration Statements Clause in Contracts

Effective Registration Statements. (1) The Company shall have notified the Investor in accordance with Section 6.8 hereof that all prior Registration Statements covering Registrable Securities relating to the First Sale and any Subsequent Sales have been declared effective by the SEC. (2) In accordance with the Registration Rights Agreement, all such Registration Statements shall remain effective on each Condition Satisfaction Date. (3) Neither the Company nor the Investor shall have received notice that the SEC has issued or intends to issue a stop order with respect to a Registration Statement or that the SEC otherwise has suspended or withdrawn the effectiveness of a Registration Statement, either temporarily or permanently, or intends or has threatened to do so (unless the SEC's concerns have been addressed and the Investor is reasonably satisfied that the SEC no longer is considering or intends to take such action). (4) No other suspension of the use or withdrawal of the effectiveness of such Registration Statement or related prospectus shall exist.

Effective Registration Statements. (1) The Company shall have notified the Investor in accordance with Section 6.8 hereof that all prior Registration Statements covering Registrable Securities relating to the First Sale Sale, the Note Conversion Shares and any Subsequent Sales have been declared effective by the SEC. (2) In accordance with the Registration Rights Agreement, all such Registration Statements shall remain effective on each Condition Satisfaction Date. (3) Neither the Company nor the Investor shall have received notice that the SEC has issued or intends to issue a stop order with respect to a Registration Statement or that the SEC otherwise has suspended or withdrawn the effectiveness of a Registration Statement, either temporarily or permanently, or intends or has threatened to do so (unless the SEC's concerns have been addressed and the Investor is reasonably satisfied that the SEC no longer is considering or intends to take such action). (4) No other suspension of the use or withdrawal of the effectiveness of such Registration Statement or related prospectus shall exist.