Restrictions on Long-Form Registrations. (i) The Company shall not be obligated to effect any Long-Form Registration within 90 days after the effective date of a previous Long- Form Registration or a previous registration in which the holders of Registrable Securities were given piggyback rights pursuant to Section 2 --------- and in which there was no reduction in the number of Registrable Securities requested to be included. (ii) The Company may postpone for up to 120 days the filing or the effectiveness of a registration statement for a Demand Registration if the Company's Board of Directors determines that such Demand Registration would reasonably be expected to have a material adverse effect on any proposal or plan by the Company or any of its Subsidiaries to acquire financing, engage in any acquisition of assets (other than in the ordinary course of business), or engage in any merger, consolidation, tender offer, reorganization, or similar transaction; provided that, in such event, the -------- ---- holders of Registrable Securities initially requesting such Demand Registration shall be entitled to withdraw such request and the Company shall pay all Registration Expenses in connection with such registration. The Company may delay a Demand Registration under this Section 1(e)(ii) ---------------- only once in any twelve-month period and two times in the aggregate.
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Restrictions on Long-Form Registrations. (i) The Company shall not be obligated to effect any Long-Form Registration within 90 days after the effective date of a previous Long- Form Registration or a previous registration in which the holders of Registrable Securities were given piggyback rights pursuant to Section 2 --------- and in which there was no reduction in the number of Registrable Securities requested to be included.
(ii) The Company may postpone for up to 120 days the filing or the effectiveness of a registration statement for a Demand Registration if the Company's Board of Directors determines that such Demand Registration would reasonably be expected to have a material adverse effect on any proposal or plan by the Company or any of its Subsidiaries to acquire financing, engage in any acquisition of assets (other than in the ordinary course of business), or engage in any merger, consolidation, tender offer, reorganization, or similar transaction; provided that, in such event, the -------- ---- holders of Registrable Securities initially requesting such Demand Registration shall be entitled to withdraw such request and the Company shall pay all Registration Expenses in connection with such registration. The Company may delay a Demand Registration under this Section 1(e)(ii) ---------------- --------------- only once in any twelve-month period and two times in the aggregate.
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