Common use of Deadline To Go Effective Clause in Contracts

Deadline To Go Effective. As soon as practicable following the Closing, but in any event within 60 days of the Closing, U.S. Shipping shall prepare and file a Shelf Registration Statement under the Act with respect to all of the Registrable Securities. U.S. Shipping shall use its commercially reasonable efforts to cause the Shelf Registration Statement to become effective no later than 120 days after the date of the Closing. U.S. Shipping will use its commercially reasonable efforts to cause the Shelf Registration Statement filed pursuant to this Section 2.01 to be continuously effective under the Securities Act until the earliest of (i) when all such Registrable Securities are sold by the Purchasers, (ii) two years from the sale of the Registrable Securities to the Purchaser and (iii) when all of the Registrable Securities become eligible for resale under Rule 144(k) (or any successor provision then in force under the Securities Act) (the “Effectiveness Period”). The Shelf Registration Statement when declared effective (including the documents incorporated therein by reference) will comply as to form in all material respects with all applicable requirements of the Securities Act and the Exchange Act and will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading.

Deadline To Go Effective. As soon as practicable following the Closing, but in any event within 60 by the date that is the first to occur of (i) the date on which the Partnership files a shelf registration statement relating to the 2,380,952 Common Units to be issued and sold by the Partnership to L▇▇▇▇▇ Brothers MLP Opportunity Fund L.P. and Banc of America Capital Investors V, L.P. pursuant to that certain Purchase Agreement dated as of May 21, 2007 or (ii) 120 days of from the Closing, U.S. Shipping the Partnership shall prepare and file a Shelf Registration Statement under the Securities Act with respect to all of the Registrable Securities. U.S. Shipping The Partnership shall use its commercially reasonable efforts to cause the Shelf Registration Statement to become effective no later than 120 210 days after the date of the Closing. U.S. Shipping The Partnership will use its commercially reasonable efforts to cause the Shelf Registration Statement filed pursuant to this Section 2.01 to be continuously effective under the Securities Act until the earliest of (i) when date on which all such Registrable Securities are sold by the Purchasers, (ii) two years from the sale of the have ceased to be Registrable Securities to the Purchaser and (iii) when all of the Registrable Securities become eligible for resale under Rule 144(k) (or any successor provision then in force under the Securities Act) (the “Effectiveness Period”). The Shelf Registration Statement when declared effective (including the any documents incorporated therein by reference) will comply as to form in all material respects with all applicable requirements of the Securities Act and the Exchange Act and will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading.