Common use of Registration Delay Clause in Contracts

Registration Delay. Anything in this Section 2 to the contrary ------------------ notwithstanding, the Company may not defer or delay Investor Demand Registrations under this Section 2 for more than two 60-day periods in any 12- month period. The Company may engage in such delays only where its Board of Directors has determined, in its good faith judgment, that such Investor Demand Registration would be seriously detrimental to the Company and its shareholders. If the Company makes such a determination of detriment warranting a delay in Investor Demand Registration, prior written notice thereof shall be duly provided to the holders of the Registrable Securities.

Registration Delay. Anything in this Section 2 to ------------------ the contrary ------------------ notwithstanding, the Company may not defer or delay Investor Demand Short-Form Registrations under this Section 2 for more than two 60-day periods in any 12- month period. The Company may engage in such delays only where its Board of Directors has determined, in its good faith judgment, that such Investor Demand Short-Form Registration would be seriously detrimental to the Company and its shareholdersstockholders. If the Company makes such a determination of detriment warranting a delay in Investor Demand Short-Form Registration, prior written notice thereof shall be duly provided to the holders holder of the Remaining Registrable Securities.