Is Delay legal in Standard, Modern, and Commander?

Delay is legal in: Modern, Legacy, Vintage, Commander.

Delay

Q: What type of card is Delay?

Delay is an Instant. Its oracle text reads: "Counter target spell. If the spell is countered this way, exile it with three time counters on it instead of putting it into its owner's graveyard. If it doesn't have suspend, it gains suspend. (At the beginning of its owner's upkeep, they remove a time counter. When the last is removed, they may play it without paying its mana cost. If it's a creature, it has haste.)"

Instant

Counter target spell. If the spell is countered this way, exile it with three time counters on it instead of putting it into its owner's graveyard. If it doesn't have suspend, it gains suspend. (At the beginning of its owner's upkeep, they remove a time counter. When the last is removed, they may play it without paying its mana cost. If it's a creature, it has haste.)

Set Time Spiral Remastered

Rarity Uncommon

Mana Value 2

Artist Svetlin Velinov

Collector # 61

Scryfall Gatherer