Common use of POSTPONEMENT OF DELIVERY OF CERTIFICATES Clause in Contracts

POSTPONEMENT OF DELIVERY OF CERTIFICATES. The Company shall not be required to deliver certificates in respect of Underlying Securities during any period when the stock transfer books of the Company are closed by law and in the event of an exercise or deemed exercise of a Special Warrant during such period, the delivery of certificates evidencing such Underlying Securities may be postponed for a period not exceeding five (5) Business Days after the date of the re-opening of the stock transfer books.

POSTPONEMENT OF DELIVERY OF CERTIFICATES. The Company Corporation shall not be required to deliver certificates in respect of Underlying for Subject Securities during any the period when the stock transfer books of the Company Corporation are closed by law and and, in the event of an exercise or deemed exercise a surrender of a Special Warrant for the acquisition of Subject Securities during such period, the delivery of certificates evidencing such Underlying Securities may be postponed for a period not exceeding five (5) Business Days after the date of the re-opening of the stock transfer books.