Common use of Existing Clause in Contracts

Existing. Upon receipt of such a notice, the Selling Shareholder shall immediately discontinue sales or other dispositions of Registrable Securities pursuant to such registration statement. The Selling Shareholder may resume sales only upon receipt of an amended prospectus or after the Selling Shareholder has been advised by the Company that use of the previous prospectus may be legally resumed.

Appears in 3 contracts

Sources: Underwriting Agreement (International Aircraft Investors), Underwriting Agreement (International Aircraft Investors), Underwriting Agreement (International Aircraft Investors)