Common use of Material Developments Clause in Contracts

Material Developments. The Company will notify each Selling Stockholder of the happening of any event as a result of which a Prospectus being used by such Selling Stockholder to sell Shares pursuant to a Registration Statement contains an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. Following such notice and upon the Company's written request, each Selling Stockholder shall deliver to the Company all copies (other than permanent file copies then in any Stockholder's possession) of the Prospectus that was in effect prior to such written notice. Subject to Section 12, the Company thereafter will use commercially reasonable efforts to prepare promptly a supplement or amendment of such Prospectus so that, as thereafter delivered to the purchaser of the Shares, the Prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading.

Material Developments. The Company will notify each Selling Stockholder of the happening of any event as a result of which a Prospectus being used by such Selling Stockholder to sell Shares pursuant to a Registration Statement contains an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. Following such notice and upon the Company's written request, each Selling Stockholder shall deliver to the Company all copies (other than permanent file copies then in any Stockholder's possession) of the Prospectus that was in effect prior to such written notice. Subject to Section 127, the Company thereafter will use commercially reasonable efforts to prepare promptly a supplement or amendment of such Prospectus so that, as thereafter delivered to the purchaser of the Shares, the Prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading.

Material Developments. The Company will notify each Selling Stockholder the Stockholders of the happening of any event as a result of which a Prospectus being used by such Selling Stockholder the Stockholders to sell Shares pursuant to a Registration Statement contains an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. Following such notice and upon the Company's written request, each Selling Stockholder the Stockholders shall deliver to the Company all copies (other than permanent file copies then in any the Stockholder's possession) of the Prospectus that was in effect prior to such written notice. Subject to Section 1212 (Blocking Periods), the Company thereafter will use commercially reasonable efforts to prepare promptly a supplement or amendment of such Prospectus so that, as thereafter delivered to the purchaser of the Shares, the Prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading.