offered on a continuous or delayed basis (Investors' Rights Agreement) securit.

[Chudnovskaya]

Помогите, пожалуйста, перевести фразу, вынесенную в название темы.

Контекст:

in the case of any registration of Registrable Securities on Form S-3 which are intended to be offered on a continuous or delayed basis, such one hundred twenty (120) day period shall be extended, if necessary, to keep the registration statement effective until all such Registrable Securities are sold. (extract from a standard Inverstors' Rights Agreeement)

Спасибо за помощь!