Common use of Immediate Registration Clause in Contracts

Immediate Registration. (i) The Company shall file with the Securities and Exchange Commission (the "Commission"), no later than (A) 120 days following completion of the Private Placement (the "Closing Date"), a registration statement registering for resale all of the Registerable Securities held by each Rightsholder: provided that such Rightsholder completes, dates, signs and returns a questionnaire (a "SELLING SECURITYHOLDER QUESTIONNAIRE") providing information concerning, among other matters, such Rightsholder, such Rightsholder's equity ownership in the Company and such Rigthsholder's plan of distribution of the Rightsholder's Registerable Securities no later than ten days following the distribution of a Selling Securityholder Questionnaire to such Righsholder. The Company shall use its best efforts to cause such registration statement to be declared effective by the Commission as promptly following the filing of such registration statement as is commercially reasonable. The Company shall provide the Selling Securityholder Questionnaire to each Rightholder promptly following the Closing Date. (ii) Registration Expenses (as defined in Paragraph 6(e) hereof) in connection with the registration required under Paragraph 6(b)(i) above, subject to the provisions of Section 6(e), shall be borne by the Company, but the Company shall not be responsible for the payment of any underwriter's discount, commission or selling concession expenses in connection with any of the Registerable Securities.