Shelf Registration. If, (i) the Company is not required to file the Exchange Offer Registration Statement nor permitted to Consummate the Registered Exchange Offer because the Registered Exchange Offer is not permitted by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or an Affiliate (it being understood that, for purposes of this Section 4, (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes acquired in exchange for such Notes shall result in such Exchange Notes being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes being not "freely tradeable"), the following provisions shall apply: (a) The Company shall as promptly as practicable, file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that with respect to Exchange Notes received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notes, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. (b) The Company shall use its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Period.
Appears in 2 contracts
Sources: Registration Rights Agreement (NTL Inc /De/), Registration Rights Agreement (NTL Inc /De/)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission’s staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; or
(ii) for any other reason the Registered Exchange Offer is not permitted consummated within 210 days of the date hereof;
(iii) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by applicable law or Commission policy or it following consummation of the Registered Exchange Offer;
(iiiv) any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (Aother than an Initial Purchaser) it is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, ; or
(Bv) it may not resell in the Exchange Notes acquired by it case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to the public without delivering a prospectusSection 2(f) hereof, and the prospectus contained such Initial Purchaser does not receive freely tradeable New Securities in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "“freely tradeable" but ”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "“freely tradeable"”), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ab) The (i) To the extent not prohibited by any applicable law or applicable interpretation of the Staff of the Commission, the Company shall as promptly as practicablepracticable (but in no event more than 90 days after so required or requested pursuant to this Section 3, such day being a “Filing Deadline”), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on within 180 days after so requested or prior required pursuant to 220 days this Section 3 (plus any additional days allowed as a result of a Commission Delay Periodsuch day being an “Effectiveness Deadline”) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company shall use its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Period.
Appears in 2 contracts
Sources: Registration Rights Agreement (Xcel Energy Inc), Registration Rights Agreement (Public Service Co of Colorado)
Shelf Registration. If, (i) because of any change in law or applicable interpretations thereof by the Commission's staff, the Company is determines upon advice of its outside counsel that it and the Issuer are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because the Registered Exchange Offer is not permitted as contemplated by applicable law or Commission policy Section 2 hereof, or (ii) for any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in other reason the Exchange Offer Registration Statement is not appropriate declared effective within 135 days after the Closing Date or available for such resales the Registered Exchange Offer is not consummated within 165 days after the Closing Date, or (Ciii) it the Purchaser so requests with respect to Securities (or any New Securities received pursuant to Section 2(f)) not eligible to be exchanged for New Securities in a Registered Exchange Offer or, in the event that the Purchaser participates in any Registered Exchange Offer, the Purchaser does not receive freely tradable New Securities, or (iv) any Holder (other than the Purchaser) is a broker-dealer and owns Notes acquired directly from not eligible to participate in the Company Registered Exchange Offer or (v) in the case of any such Holder that participates in the Registered Exchange Offer, such Holder does not receive freely tradable New Securities in exchange for tendered securities, other than by reason of such Holder being an Affiliate affiliate of the Issuer within the meaning of the Act (it being understood that, for purposes of this Section 43, (x) the requirement that an Initial the Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions shall apply:
(a) The Issuer and the Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its their reasonable best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration StatementStatement (such Securities or New Securities, as applicable, to be sold by such Holders under such Shelf Registration Statement being referred to herein as "Registration Securities"); providedPROVIDED, howeverHOWEVER, that that, with respect to Exchange Notes New Securities received by an Initial the Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Issuer and the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Issuer and the Company shall use its their reasonable best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Period.
Appears in 2 contracts
Sources: Registration Agreement (Forest Oil Corp), Registration Agreement (Canadian Forest Oil LTD)
Shelf Registration. If, (i) because of any change in law or applicable interpretations thereof by the Company Commission's staff, any of the Issuer or the Guarantors determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof, or (ii) the Registered Exchange Offer is not permitted by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies Consummated within 30 Business Days from the Company in writing within 10 business days of the filing and effectiveness under the Act of date the Exchange Offer Registration Statement that becomes effective (Aor, if such 30th day is not a Business Day, by the first Business Day thereafter), or (iii) the Initial Purchaser so requests with respect to Registrable Notes held by it is prohibited by law or Commission policy as a result of the purchase of such Registrable Note directly from participating in the Issuer and the Guarantors following Consummation of the Registered Exchange Offer, (B) it may Offer and the Initial Purchaser is not resell the eligible to receive Exchange Notes acquired by it pursuant to the Registered Exchange Offer in respect of such Registrable Securities, or (iv) any Holder (other than the Initial Purchaser) is not eligible to participate in the Registered Exchange Offer to or the public without delivering a prospectus, Exchange Notes such Holder would receive in the Registered Exchange Offer could only be reoffered and resold by such Holder upon compliance with the registration and prospectus delivery requirements of the Act and the prospectus delivery of the Prospectus contained in the Exchange Offer Registration Statement Statement, as appropriately amended, is not appropriate or a legally available for such resales alternative, or (Cv) it is a broker-dealer and owns in the case where the Initial Purchaser participates in the Registered Exchange Offer or acquires Exchange Notes acquired directly from pursuant to Section 2(g) hereof, the Company or Initial Purchaser does not receive freely tradable Exchange Notes in exchange for Notes constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 43, (x) the requirement that an the Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes acquired in exchange for such Registrable Notes shall result in such Exchange Notes being not "freely tradeabletradable" but and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange Offer in exchange for Registrable Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes being not "freely tradeabletradable"), the following provisions shall apply:
(a) The Company Issuer and the Guarantors shall as promptly as practicableprepare, and not later than 75 days following the Shelf Registration Trigger Date (or, if such 75th day is not a Business Day, by the first Business Day thereafter), shall file with the Commission and thereafter thereafter, but not later than 135 days following the Shelf Registration Trigger Date (or, if such 135th day is not a Business Day, by the first Business Day thereafter), shall use its their best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities Registrable Notes by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; , provided, however, that with respect to Exchange Notes received by an the Initial Purchaser in exchange for Transfer Restricted Securities Notes constituting any portion of an unsold allotment of Notesallotment, the Company Issuer and the Guarantors may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its their obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company Issuer and the Guarantors shall use its their best efforts to keep the such Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders for a period until the earliest of two years from (i) the second anniversary of the date on which the filing of a Shelf Registration statement is declared effective Statement was required or requested pursuant to this Section 3, (ii) the date on which the Registrable Notes may be sold pursuant to Rule 144(k) (or any successor provision) promulgated by the Commission under the Act and (or until one year after iii) such effective date if such Shelf Registration Statement is filed at the request as of an Initial Purchaser) or such shorter period that will terminate when (i) which all the Transfer Restricted Securities covered by the Shelf Registration Statement Registrable Notes have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company Issuer and the Guarantors shall be deemed not to have used its their best efforts to keep the Shelf Registration Statement effective during the requisite period if it any of them voluntarily takes any action that would result in Holders of Transfer Restricted Securities Registrable Notes covered thereby not being able to offer and sell such securities notes during that period, unless (i) such action is (x) required by applicable lawlaw or (y) pursuant to Section 3(c) hereof, and, in either case, so long as the Issuer or the Guarantors promptly thereafter comply with the requirements of Section 5(k) hereof, if applicable.
(iic) such action is taken by The Issuer and the Company Guarantors may suspend the use of the Prospectus for a period not to exceed 30 days in good faith and any three-month period or for three periods not to exceed an aggregate of 90 days in any twelve-month period for valid business reasons reasons, to be determined by the Issuer and the Guarantors in their sole reasonable judgment (not including avoidance of the Company's their obligations hereunder), including including, without limitation, the acquisition or divestiture of assets, so long as public filings with the Company Commission, pending corporate developments and similar events; provided that the Issuer and the Guarantors promptly thereafter complies comply with the requirements of Section 5(j5(k) hereof, if applicable applicable.
(d) No Holder of Registrable Notes may include any of its Registrable Notes in any Shelf Registration Statement pursuant to this Agreement unless and until such Holder furnishes to the Issuer in writing, within 20 Business Days after receipt of a request therefor, such information as the Issuer may reasonably request for use in connection with any Shelf Registration Statement or (iii) Prospectus or preliminary Prospectus included therein. No Holder of Registrable Notes shall be entitled to Liquidated Damages pursuant to Section 4 hereof unless and until such action is taken because of any fact or circumstance giving rise Holder shall have used its best efforts to a Supplement Delay Period.provide all such reasonably requested
Appears in 2 contracts
Sources: Registration Rights Agreement (Galey & Lord Inc), Registration Rights Agreement (Galey & Lord Inc)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required permitted to file effect the Registered Exchange Offer as contemplated by Section 2 hereof; or (ii) for any other reason the Exchange Offer Registration Statement nor permitted to Consummate is not declared effective by the Registered Exchange Offer because Commission under the Act within 180 days of the date of the original issuance of the Securities or the Registered Exchange Offer is not permitted by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing consummated within 10 business days 45 Business Days of the filing and date of the effectiveness under the Act of the Exchange Offer Registration Statement Statement; (iii) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer; (Aiv) it any Holder (other than an Initial Purchaser) is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, (B) it may not resell or in the Exchange Notes acquired by it case of any Holder that participates in the Registered Exchange Offer to Offer, does not receive freely tradable New Securities in the public without delivering Registered Exchange Offer, other than by reason of such Holder being an Affiliate of the Company (it being understood that the requirement that a prospectus, and participating Broker-Dealer deliver the prospectus contained in the Exchange Offer Registration Statement is in connection with sales of New Securities shall not appropriate or available for result in such resales New Securities being not "freely tradable"); or (Cv) it is a broker-dealer and owns Notes acquired directly from in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment, other than by reason of such Holder being an Affiliate of the Company or an Affiliate (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall not result in such Exchange Notes New Securities being not "freely tradeable" but "; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions Company and the Guarantors shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company and the Guarantors shall as promptly as practicablepracticable (but in no event more than 90 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its their respective reasonable best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement in accordance with Rule 415 under the Act relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company and the Guarantors may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its their obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company and the Guarantors shall use its their respective reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement (i) have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period") or (ii) are eligible for resale under Rule 144(k). The Company and the Guarantors shall be deemed not to have used its their respective reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period if it they voluntarily takes take any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company and the Guarantors in good faith and for valid business reasons (not including avoidance of the Company's and the Guarantors' obligations hereunder), including the acquisition or divestiture of assetsassets (to the extent permitted by the terms of the Indenture), so long as the Company and the Guarantors promptly thereafter complies comply with the requirements of Section 5(j5(k) hereof, if applicable or applicable.
(iii) The Company and the Guarantors shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply as to form in all material respects with the applicable requirements of the Act; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
Appears in 2 contracts
Sources: Registration Rights Agreement (4989294 Canada Inc), Registration Rights Agreement (Cascades Boxboard Group Inc)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Company is Commission’s staff, the Issuers and the Guarantors determine upon advice of their outside counsel that they are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; (ii) for any other reason the Registered Exchange Offer is not permitted consummated within 270 days of the Closing Date; (iii) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by applicable law or Commission policy or them following consummation of the Registered Exchange Offer; (iiiv) any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (Aother than an Initial Purchaser) it is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, ; or (Bv) it may not resell in the Exchange Notes acquired by it case of the Initial Purchasers that participate in the Registered Exchange Offer or acquires New Securities pursuant to the public without delivering a prospectusSection 2(f) hereof, and the prospectus contained an Initial Purchaser does not receive freely tradeable New Securities in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "“freely tradeable" but ;” and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "“freely tradeable"”), the following provisions Issuers and the Guarantors shall apply:file and use their reasonable best efforts to cause to become and keep effective a Shelf Registration Statement in accordance with subsection (b) below.
(i) The Issuers and the Guarantors shall, if required by subsection (a) The Company shall above, as promptly as practicable, practicable use their reasonable best efforts to file with the Commission and thereafter shall use its their reasonable best efforts to cause to be declared effective under the Act on or prior to 220 within 270 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the NotesClosing Date, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company Issuers and the Guarantors may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its their obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company Issuers and the Guarantors shall use its their reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission until the earliest of: (A) the second anniversary of the Closing Date or until one year after such effective (B) the date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) upon which all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "“Shelf Registration Period"”). The Company Issuers and the Guarantors shall be deemed not to have used its their reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it they voluntarily takes take any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law, (ii) such action is law or otherwise taken by the Company Issuers and the Guarantors in good faith and for valid business reasons (not including avoidance of the Company's Issuers’ and the Guarantors’ obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of assets and (y) permitted pursuant to Section 5(j4(k)(ii) hereof, if applicable or .
(iii) The Issuers and the Guarantors shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein (in the case of the Prospectus, in the light of the circumstances under which they were made) not misleading.
Appears in 2 contracts
Sources: Registration Rights Agreement (Nielsen CO B.V.), Registration Rights Agreement (Nielsen CO B.V.)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; or (ii) for any other reason the Registered Exchange Offer is not permitted consummated within 210 days of the date hereof; (iii) any Initial Purchaser so requests, within 20 days after the consumation of the Registered Exchange Offer, with respect to Notes that are not eligible to be exchanged for New Notes in the Registered Exchange Offer and that are held by applicable law or Commission policy or it following consummation of the Registered Exchange Offer; (iiiv) any Holder of Transfer Restricted Securities (other than an Initial Purchaser) who notifies the Company in writing within 10 business 20 days after the consummation of the filing and effectiveness under the Act of the Registered Exchange Offer Registration Statement that (A) it is prohibited by law not eligible to participate in the Registered Exchange Offer; or Commission policy from participating (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer, (B) it may such Initial Purchaser does not resell the Exchange receive freely tradeable New Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities Act in connection with sales of Exchange New Notes acquired in exchange for such Notes shall result in such Exchange New Notes being not "freely tradeable" but "; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange New Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange New Notes being not "freely tradeable"), the following provisions Company and the Guarantor shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company and the Guarantor shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Securities Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities Notes or the New Notes, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Notes held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange New Notes received by an Initial Purchaser in exchange for Transfer Restricted Securities Notes constituting any portion of an unsold allotment of Notesallotment, the Company and the Guarantor may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company and the Guarantor shall use its their best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Securities Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities Notes or New Notes, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company and the Guarantor shall be deemed not to have used its their best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities Notes covered thereby not being able to offer and sell such securities Notes during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company and the Guarantor in good faith and for valid business reasons (not including avoidance of the Company's and the Guarantor's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company and the Guarantor promptly thereafter complies comply with the requirements of Section 5(j4(k) hereof, if applicable or applicable.
(iii) The Company shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Securities Act and the rules and regulations of the Commission; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
Appears in 2 contracts
Sources: Registration Rights Agreement (Harrahs Entertainment Inc), Registration Rights Agreement (Harrahs Operating Co Inc)
Shelf Registration. If, If (i) on or prior to the Company is not required to file the Exchange Offer Registration Statement nor permitted to Consummate the Registered Exchange Offer because time the Registered Exchange Offer is consummated, existing Commission interpretations are changed such that the Exchange Securities received by Holders are not permitted or would not in general be, upon receipt, freely transferable by applicable law or Commission policy or each such Holder under the Securities Act, (ii) the Registered Exchange Offer has not been completed within 365 days following the Completion Date, (iii) any Initial Purchaser so requests with respect to Initial Securities (or the Private Exchange Securities) not eligible to be exchanged for Exchange Securities in the Registered Exchange Offer and held by it following consummation of the Registered Exchange Offer or (iv) any Holder of Transfer Restricted Securities notifies (other than an Initial Purchaser) shall be, and shall notify the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is such Holder is, prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it or such Holder may not resell the Exchange Notes Securities acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, prospectus and the prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales or by such Holder (C) it is a broker-dealer and owns Notes acquired directly from the Company or an Affiliate (it being understood thatother than, for purposes of this Section 4in either case, (x) due solely to the requirement that status of such Holder as an Initial Purchaser deliver a Prospectus containing affiliate of the information required by Items 507 and/or 508 Company within the meaning of Regulation S-K under the Securities Act in connection with sales of Exchange Notes acquired in exchange for such Notes shall result in such Exchange Notes being not "freely tradeable" but or (y) due to such Holder’s inability to make the requirement that an Exchanging Dealer deliver a Prospectus representations set forth in connection with sales the second to last paragraph of Exchange Notes acquired Section 1 hereof) and any such Holder so requests, the Company shall in lieu of (or, in the case of clauses (iii) and (iv), in addition to) conducting the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes being not "freely tradeable"), the following provisions shall applycontemplated by Section 1:
(a) The Company shall use its commercially reasonable efforts to file under the Securities Act as promptly as reasonably practicable, file with a “shelf” registration statement providing for the Commission registration of, and thereafter shall use its best efforts to cause to be declared effective under the Act sale on a continuous or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities delayed basis by the Holders from time of, all of the Initial Securities (or, in the case of clause (iii), the Initial Securities held by the Initial Purchasers, or, in the case of clause (iv), by the Holders referred to time in accordance with clause (iv), as the methods of distribution elected case may be), pursuant to Rule 415 or any similar rule that may be adopted by the Commission (such Holders filing, the “Shelf Registration” and set forth in such registration statement, the “Shelf Registration Statement; provided, however, that with respect to Exchange Notes received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notes, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.”);
(b) The Company shall use its best commercially reasonable efforts (i) to keep cause the Shelf Registration Statement continuously to become effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from within 90 days after the date on which the Shelf Registration statement is declared effective by the Commission (or until one year after such effective date if obligation to file such Shelf Registration Statement is filed at arises and to use its commercially reasonable efforts to cause such Shelf Registration Statement to remain effective for a period ending on the request earlier of an Initial Purchaser) 365 days following the effective date of such registration statement or such shorter period that will terminate when (i) all the Transfer Restricted Initial Securities covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement or are distributed to the public pursuant to Rule 144 or, after the 90th day following the effectiveness of such Shelf Registration Statement, would be eligible for resale (iiif held by a non-affiliate of the Company) the date pursuant to Rule 144 without restriction on whichvolume or manner of sale, in the opinion of counsel if any; and
(c) supplement or make amendments to the CompanyShelf Registration Statement, all of the Transfer Restricted Securities then held as and when required by the Holders may be sold rules, regulations or instructions applicable to the registration form used by the Company for such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities (in any such case, such period being called the "Shelf Registration Period")Statement or by the Securities Act or rules and regulations thereunder for shelf registration. The Notwithstanding any other provisions of this Agreement to the contrary, the Company shall be deemed not to have used its best efforts to keep cause the Shelf Registration Statement and the related prospectus and any amendment or supplement thereto, as of its respective effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities during that perioddate, unless (i) such action is required by to comply in all material respects with the applicable law, requirements of the Securities Act and the rules and regulations of the Commission thereunder and (ii) such action is taken by not to contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the Company statements therein, in good faith and for valid business reasons (not including avoidance light of the Company's obligations hereunder)circumstances under which they were made, including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodnot misleading.
Appears in 2 contracts
Sources: Registration Rights Agreement (Warner Music Group Corp.), Registration Rights Agreement (Warner Music Group Corp.)
Shelf Registration. If, If (i) because of any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not permitted to effect the Exchange Offer as contemplated by Section 2 hereof, or (ii) the Company is not required to file the Exchange Offer Registration Statement nor permitted to Consummate the Registered Exchange Offer because the Registered Exchange Offer is not permitted by applicable law or Commission policy for any reason other than those specified in clause (i) above, or (iiiii) with respect to any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it such Holder is prohibited by applicable law or Commission policy from participating in the Registered Exchange Offer, or (B) it such Holder may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, prospectus and that the prospectus Prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales by such Holder, or (C) it such Holder is a broker-dealer an Exchanging Dealer and owns holds Initial Notes acquired directly from the Company or an Affiliate one of its affiliates (it being understood that, for purposes of this Section 43, (x) the requirement that an the Initial Purchaser Purchasers deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities Act in connection with sales of Exchange Notes acquired in exchange for such Notes shall result in such Exchange Notes being not "freely tradeable" but and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes being not "freely tradeable"), the following provisions shall apply:
(a) The Company shall shall, as promptly as practicable, file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities Notes or the Exchange Notes, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedStatement and Rule 415 under the Securities Act, howeverPROVIDED that, that with respect to Exchange Notes received by an the Initial Purchaser Purchasers in exchange for Transfer Restricted Securities Initial Notes constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company shall use its best efforts to cause the Shelf Registration Statement to be declared effective under the Securities Act on or prior to the 120th calendar day after the obligation to file a Shelf Registration Statement under this Section 3 arises and to keep the such Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof contained therein to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities Initial Notes or Exchange Notes, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it the Company voluntarily takes any action that would result in Holders of Transfer Restricted Securities Notes covered thereby not being able to offer and sell such securities Notes during that period, unless (i) such action is required by applicable law, (ii) the Company complies with this Agreement or (iii) such action is taken by the Company or any Guarantors in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(m) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 2 contracts
Sources: Registration Rights Agreement (Dutchess County Cellular Telephone Co Inc), Registration Rights Agreement (Dutchess County Cellular Telephone Co Inc)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Company is Commission’s staff, the Issuers determine upon advice of their outside counsel that they are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; or (ii) for any other reason the Registered Exchange Offer is not permitted consummated within 330 days of the date hereof; (iii) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by applicable law or Commission policy or it following consummation of the Registered Exchange Offer; (iiiv) any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (Aother than an Initial Purchaser) it is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, ; or (Bv) it may not resell in the Exchange Notes acquired by it case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to the public without delivering a prospectusSection 2(f) hereof, and the prospectus contained such Initial Purchaser does not receive freely tradeable New Securities in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that the requirement that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "“freely tradeable" but ”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "“freely tradeable"”), the following provisions Issuers shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company Issuers shall as promptly as practicablepracticable (but in no event more than 240 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its their reasonable best efforts to cause to be declared effective under the Act on within 300 days after so required or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notesrequested, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company Issuers may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its their obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company Issuers shall use its their reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years the “Shelf Registration Period”) from the date the Shelf Registration statement Statement is declared effective by the Commission until (A) the second anniversary thereof or until one year after such effective (B) the date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) upon which all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities (in any such case, such period being called the "Shelf Registration Period"). The Company Issuers shall be deemed not to have used its their reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it they voluntarily takes take any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law, (ii) such action is taken law or otherwise undertaken by the Company Issuers in good faith and for valid business reasons (not including avoidance of the Company's Issuers’ obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of mergers and combinations and similar events, and (y) permitted pursuant to Section 5(j4(k)(ii) hereof, if applicable or .
(iii) The Issuers shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein (in the case of the Prospectus, in the light of the circumstances under which they were made) not misleading.
Appears in 2 contracts
Sources: Registration Rights Agreement (Rural Metro Corp /De/), Registration Rights Agreement (Rural Metro Corp /De/)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Company is Commission’s staff, the Issuer and the Guarantors determine upon advice of their outside counsel that they are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; (ii) for any other reason the Registered Exchange Offer is not permitted by applicable consummated within 210 days of the Closing Date; (iii) any Holder notifies the Company within 20 Business Days after the commencement of the Registered Exchange Offer that (A) due to a change in law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating not entitled to participate in the Registered Exchange Offer, (B) due to a change in applicable law or Commission policy it may not resell the Exchange Notes New Securities to be acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, prospectus and the prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales by such Holder or (C) it is a broker-dealer and owns Notes Registrable Securities acquired directly from the Company or an Affiliate affiliate of the Company; or (iv) in the case of the Initial Purchasers that participate in the Registered Exchange Offer or acquire New Securities pursuant to Section 2(f) hereof, an Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment and notifies the Company within 20 Business Days after the commencement of the Registered Exchange Offer (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "“freely tradeable" but ;” and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "“freely tradeable"”), the following provisions shall apply:Issuer and the Guarantors shall, as promptly as practicable file and use their commercially reasonable efforts to cause to become and keep effective a Shelf Registration Statement covering resales of the Notes in accordance with subsection (b) below.
(i) The Issuer and the Guarantors shall, if required by subsection (a) The Company shall above, as promptly as practicable, practicable use their commercially reasonable efforts to file with the Commission and thereafter shall use its best their commercially reasonable efforts to cause to be declared effective under the Act on or prior to 220 within the (x) later of 210 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the NotesClosing Date or (y) 90 days after such filing obligation arises pursuant to subsection (a) above, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company Issuer and the Guarantors may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its their obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company Issuer and the Guarantors shall use its best their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission until the earliest of: (A) the second anniversary of the Closing Date or until one year after such effective (B) the date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) upon which all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "“Shelf Registration Period"”). The Company Issuer and the Guarantors shall be deemed not to have used its best their commercially reasonable efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it they voluntarily takes take any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law, (ii) such action is law or otherwise taken by the Company Issuer and the Guarantors in good faith and for valid business reasons (not including avoidance of the Company's Issuer’s and the Guarantors’ obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of assets and (y) permitted pursuant to Section 5(j4(k)(ii) hereof, if applicable or .
(iii) The Issuer and the Guarantors shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein (in the case of the Prospectus, in the light of the circumstances under which they were made) not misleading.
Appears in 2 contracts
Sources: Registration Rights Agreement (Headwaters Inc), Registration Rights Agreement (Headwaters Inc)
Shelf Registration. If, (i) because of any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because the Registered Exchange Offer is not permitted as contemplated by applicable law or Commission policy or Section 2 hereof; (ii) for any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in other reason the Exchange Offer Registration Statement is not appropriate or available for such resales or declared effective within 210 days after the Closing Date; (Ciii) it the Registered Exchange Offer is a broker-dealer and owns Notes acquired directly from the Company or an Affiliate not consummated (it being understood that, for purposes of this clause (iii) and clause (iii) of Section 45 hereof, "consummated" shall mean that the Company has offered the New Notes in exchange for surrender of the Transfer Restricted Notes pursuant to the Registered Exchange Offer, kept the Registered Exchange Offer open for the period required by Section 2(c)(ii) hereof and fulfilled all of its other obligations hereunder in connection with the Registered Exchange Offer) within 240 days of the Closing Date; (iv) any Initial Purchaser so requests with respect to Transfer Restricted Notes constituting any portion of an allotment remaining unsold after 30 days following the date hereof; (v) any Holder (other than an Initial Purchaser or a Restricted Holder) does not receive freely tradeable New Notes in the Registered Exchange Offer (it being understood that, for purposes of this clause (v), (x) the requirement that an Initial Purchaser a Holder deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange New Notes acquired in exchange for such Transfer Restricted Notes shall result in such Exchange New Notes being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange New Notes acquired in the Registered Exchange Offer in exchange for Transfer Restricted Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange New Notes being not "freely tradeable"), the following provisions shall apply:
(a) The Company shall shall, at its cost, as promptly as practicablepracticable (but in no event more than 90 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its reasonable best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities Notes or the New Notes, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that with respect to Exchange New Notes received by an Initial Purchaser in exchange for Transfer Restricted Securities Notes constituting any portion of an allotment remaining unsold allotment of Notesafter 30 days following the date hereof, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company shall use its reasonable best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years (or any shorter period under Rule 144(k) under the Securities Act) from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities Notes or New Notes, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities notes covered thereby not being able to offer and sell such securities notes during that period, unless (i) such action is required by applicable law, or (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 2 contracts
Sources: Purchase Agreement (Focal Communications Corp), Exchange and Registration Agreement (Focal Communications Corp)
Shelf Registration. If, If (i) due to applicable law or interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required permitted to file effect the Exchange Offer as contemplated by Section 3 hereof (after the Company has complied with the procedures set forth in Section 6(a)(i) hereof); (ii) for any other reason the Exchange Offer Registration Statement nor permitted to Consummate is not declared effective within 180 days following the Registered Exchange Offer because date of the Registered original issuance of the Notes or the Exchange Offer is not permitted consummated within 210 days following the date of the original issuance of the Notes; (iii) any Initial Purchaser so requests with respect to Notes that are not eligible to be exchanged for Exchange Notes in the Exchange Offer and that are held by applicable law or Commission policy or it following consummation of the Exchange Offer; (iiiv) any Holder (other than an Initial Purchaser) of Transfer Restricted Securities notifies the Company is not eligible to participate in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating does not receive freely tradeable Exchange Notes in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to other than by reason of such Holder being an Affiliate of the public without delivering Company (it being understood that the requirement that a prospectus, and participating Broker-Dealer deliver the prospectus Prospectus contained in the Exchange Offer Registration Statement is in connection with sales of Exchange Notes shall not appropriate or available for result in such resales Exchange Notes being not "freely tradeable"); or (Cv) it is a broker-dealer and owns in the case of any Initial Purchaser that participates in the Exchange Offer or acquires Exchange Notes acquired directly from the Company or as a result of its determination that it is not eligible to participate in the Exchange Offer with respect to any unsold Notes, such Initial Purchaser does not receive freely tradeable Exchange Notes in exchange for Notes constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes acquired in exchange for such Notes shall result in such Exchange Notes being not "freely tradeable" but "; and (y) the requirement that an Exchanging a participating Broker-Dealer deliver delivers a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes being not "freely tradeable"), the following provisions shall apply:
(a) The Company shall as promptly as practicable, file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, effect a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that with respect to Exchange Notes received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notes, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
subsection (b) The Company shall use its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodbelow.
Appears in 2 contracts
Sources: Registration Rights Agreement (Coventry Health Care Inc), Registration Rights Agreement (Coventry Health Care Inc)
Shelf Registration. If, (i) because of any change in law or ------------------ applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof, or (ii) the Registered Exchange Offer is not permitted by applicable law consummated on or Commission policy prior to April 30, 1997, or (iiiii) any Holder the Initial Purchaser so requests with respect to Notes held by it as a result of Transfer Restricted Securities notifies the purchase of such Notes directly from the Company in writing within 10 business days following consummation of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, or (Biv) it may any Holder (other than the Initial Purchaser) is not resell the Exchange Notes acquired by it eligible to participate in the Registered Exchange Offer to or the public without delivering a prospectus, New Notes such Holder would receive in the Registered Exchange Offer could only be reoffered and resold by such Holder upon compliance with the registration and prospectus delivery requirements of the Securities Act and the prospectus delivery of the Prospectus contained in the Exchange Offer Registration Statement Statement, as appropriately amended, is not appropriate or a legally available for such resales alternative, or (Cv) it is a broker-dealer and owns in the case where the Initial Purchaser participates in the Registered Exchange Offer or acquires New Notes acquired directly from pursuant to Section 2(f) hereof, the Company or Initial Purchaser does not receive freely tradable New Notes in exchange for Notes constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 43, (x) the requirement that an the Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities Act in connection with sales of Exchange New Notes acquired in exchange for such Notes shall result in such Exchange New Notes being not "freely tradeabletradable" but and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange New Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange New Notes being not "freely tradeabletradable"), the following provisions shall apply:
(a) The Company shall shall, as promptly as practicablepracticable (but in no event more than 60 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities Notes or the New Notes, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; Statement and Rule 415 under the Securities Act, provided, however, that with respect to Exchange New Notes received by an the Initial -------- Purchaser in exchange for Transfer Restricted Securities Notes constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company shall use its best efforts to cause the Shelf Registration Statement to be declared effective under the Securities Act on or prior to 45 days after filing such Shelf Registration Statement pursuant to this Section 3 and to keep the such Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof contained therein to be usable by Holders for a period of two three years (or, if Rule 144(k) under the Securities Act is amended to allow for resales pursuant to such Rule after a shorter period, such shorter period) from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities Notes or New Notes, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities notes covered thereby not being able to offer and sell such securities notes during that period, unless (i) such action is required by applicable law, law or (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j5(k) hereof, if applicable applicable.
(c) No Holder of Notes or (iii) New Notes may include any of its Notes or New Notes in any Shelf Registration Statement pursuant to this Agreement unless and until such action Holder furnishes to the Company in writing, within 20 business days after receipt of a request therefor, such information as the Company may reasonably request for use in connection with any Shelf Registration Statement or Prospectus or preliminary Prospectus included therein. No Holder of Notes or New Notes shall be entitled to Liquidated Damages pursuant to Section 4 hereof unless and until such Holder shall have used its best efforts to provide all such reasonably requested information. Each Holder as to which any Shelf Registration Statement is taken because of any fact or circumstance giving rise being effected agrees to a Supplement Delay Periodfurnish promptly to the Company all information required to be disclosed in order to make the information previously furnished to the Company by such Holder not misleading.
Appears in 2 contracts
Sources: Registration Rights Agreement (Gorges Quik to Fix Foods Inc), Indenture (Gorges Quik to Fix Foods Inc)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon the advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof;
(ii) for any other reason the Registered Exchange Offer is not permitted by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing consummated within 10 business 270 days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement date hereof;
(iii) any Initial Purchaser so requests with respect to Securities that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may are not resell the Exchange Notes acquired by it eligible to be exchanged for New Securities in the Registered Exchange Offer to and that are held by it following consummation of the public without delivering a prospectus, and the prospectus contained in the Registered Exchange Offer Registration Statement Offer;
(iv) any Holder (other than an Exchanging Dealer) is not appropriate or available for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or an Affiliate (it being understood that, for purposes of this Section 4, (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes acquired in exchange for such Notes shall result in such Exchange Notes being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired eligible to participate in the Registered Exchange Offer under applicable law or applicable policies of the Commission; or
(v) any Holder (other than an Exchanging Dealer) that participates in the Registered Exchange Offer does not receive freely tradeable New Securities on the date of the exchange for Notes acquired as validly tendered (and not withdrawn) Transfer Restricted Securities, the Company shall effect a result Shelf Registration Statement in accordance with subsection (b) below (the date on which any of market-making activities or other trading activities shall not result the conditions described in such Exchange Notes being not "freely tradeable"the foregoing clauses (i) through (v) occur, including in the case of clauses (iii), (iv) and (v) the following provisions shall apply:receipt of the required notice, being a "Trigger Date"):
(ai) The To the extent not prohibited by any applicable law or applicable interpretation of the staff of the Commission, the Company shall as promptly as practicablepracticable (but in no event more than 50 days after the Trigger Date), prepare and file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Transfer Restricted Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company shall use its best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming a part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after for such effective date longer period if such Shelf Registration Statement is filed at the request of an Initial Purchaserextended pursuant to Section 4(j)) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (i) such action is required by applicable law.
(iii) Notwithstanding any other provisions of this Agreement to the contrary, the Company shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement, amendment or supplement, (i) to comply in all material respects with the applicable requirements of the Act and the rules and regulations of the Commission and (ii) such action is taken by not to contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the Company statements therein, in good faith and for valid business reasons (not including avoidance light of the Company's obligations hereunder)circumstances under which they were made, including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodnot misleading.
Appears in 2 contracts
Sources: Registration Rights Agreement (Southern Power Co), Registration Rights Agreement (Southern Power Co)
Shelf Registration. If, (i) because of any change in law or ------------------ applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required permitted to file effect the Registered Exchange Offer as contemplated by Section 2 hereof, or (ii) for any other reason the Exchange Offer Registration Statement nor permitted to Consummate has not been filed with the Registered Exchange Offer because Commission within 60 days of the Closing Date, or (iii) for any other reason the Registered Exchange Offer is not permitted by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing consummated within 10 business 180 days of the filing and effectiveness under the Act Closing Date, or (iv) any Purchaser so requests with respect to Securities held by it following consummation of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, or (Bv) it may not resell in the Exchange Notes acquired by it case of any Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to the public without delivering a prospectusSection 2(f) hereof, and the prospectus contained such Purchaser does not receive freely tradeable New Securities in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 43, (x) the requirement that an Initial a Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions shall apply:
(a) The Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that with respect to Exchange Notes New Securities received by an Initial a Purchaser in -------- exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company shall use its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, or (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable applicable.
(c) No Holder of Securities may include any of its Securities in any Shelf Registration Statement pursuant to this Agreement unless such Holder furnishes to the Company in writing, within 10 days after receipt of a request therefor, such information as the Company may reasonably request for use in connection with any Shelf Registration Statement or (iii) Prospectus or preliminary Prospectus included therein, and each such action is taken because of any fact or circumstance giving rise Holder agrees to a Supplement Delay Periodfurnish promptly to the Company all information required to be disclosed in order to make the information previously furnished to the Company by such Holder not materially misleading.
Appears in 2 contracts
Sources: Registration Agreement (McLeodusa Inc), Registration Agreement (McLeodusa Inc)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission’s staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because the Registered Exchange Offer is not permitted as contemplated by applicable law or Commission policy or Section 2 hereof; (ii) for any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in other reason the Exchange Offer Registration Statement is not appropriate declared effective within 240 days of the date of original issuance of the Securities or available the Registered Exchange Offer is not consummated within 270 days of the date of original issuance of the Securities; (iii) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer or does not receive freely tradeable New Securities in the Registered Exchange Offer other than by reason of such resales Holder being an Affiliate of the Company; or (Cv) it is a broker-dealer and owns Notes acquired directly from in the Company case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "“freely tradeable" but ”; and (y) the requirement that an Exchanging Dealer deliver a an Exchange Offer Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "“freely tradeable"”), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company shall as promptly as practicablepracticable (but in no event more than 45-days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its reasonable best efforts to cause to be declared effective under the Securities Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company shall use its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Securities Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years (or if Rule 144(k) is amended to provide a shorter restrictive period, such shorter period) from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "“Shelf Registration Period"”). The Company shall be deemed not to have used its reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's ’s obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 2 contracts
Sources: Registration Rights Agreement (Arauco & Constitution Pulp Inc), Registration Rights Agreement (Arauco & Constitution Pulp Inc)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Company is Commission’s staff, the Issuers and the Guarantors determine upon advice of their outside counsel that they are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; (ii) for any other reason the Registered Exchange Offer is not permitted consummated within 375 days of the Closing Date; (iii) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by applicable law or Commission policy or it following consummation of the Registered Exchange Offer; (iiiv) any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (Aother than an Initial Purchaser) it is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, ; or (Bv) it may not resell in the Exchange Notes acquired by it case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to the public without delivering a prospectusSection 2(f) hereof, and the prospectus contained such Initial Purchaser does not receive freely tradeable New Securities in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "“freely tradeable" but ;” and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "“freely tradeable"”), the following provisions Issuers and the Guarantors shall apply:file and use their reasonable best efforts to cause to become and keep effective a Shelf Registration Statement in accordance with subsection (b) below.
(i) The Issuers and the Guarantors shall, if required by subsection (a) The Company shall above, as promptly as practicable, practicable use their reasonable best efforts to file with the Commission and thereafter shall use its their reasonable best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Noteswithin 375 days, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company Issuers and the Guarantors may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its their obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company Issuers and the Guarantors shall use its their reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission until the earliest of: (or until one year after such effective A) the second anniversary of the Closing Date, (B) the date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) upon which all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, Statement or (iiC) the date on whichupon which the Securities or New Securities, in the opinion of counsel to the Companyas applicable, all of the Transfer Restricted Securities then held covered by the Holders may be sold by such Holders Shelf Registration Statement become eligible for resale, without regard to volume, manner of sale or other restrictions contained in Rule 144 under the public United States securities markets in the absence of a registration statement covering such sales or Act pursuant to paragraph (iiik) the date on which there ceases to be outstanding any Transfer Restricted Securities thereof (in any such case, such period being called the "“Shelf Registration Period"”). The Company Issuers and the Guarantors shall be deemed not to have used its their reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it they voluntarily takes take any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law, (ii) such action is law or otherwise taken by the Company Issuers and the Guarantors in good faith and for valid business reasons (not including avoidance of the Company's Issuers’ and the Guarantors’ obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of assets and (y) permitted pursuant to Section 5(j4(k)(ii) hereof, if applicable or .
(iii) The Issuers and the Guarantors shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein (in the case of the Prospectus, in the light of the circumstances under which they were made) not misleading.
Appears in 2 contracts
Sources: Registration Rights Agreement (Global Media USA, LLC), Registration Rights Agreement (Global Media USA, LLC)
Shelf Registration. If, If (i) because of any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required permitted to file effect the Exchange Offer Registration Statement nor permitted to Consummate as contemplated by Section 2 hereof or (ii) for any reason other than those specified clause (i) above, the Registered Exchange Offer because the Registered Exchange Offer is not permitted by applicable law or Commission policy consummated within 150 days of the Closing Date unless the Exchange Offer has commenced, in which case, the Exchange Offer is not consummated within 30 days after the date on which the Exchange Offer was commenced or (iiiii) the Initial Purchaser so requests with respect to Notes held by it following consummation of the Exchange Offer, or (iv) any Holder of Transfer Restricted Securities notifies (other than the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (AInitial Purchaser) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer eligible to the public without delivering a prospectus, and the prospectus contained participate in the Exchange Offer Registration Statement is or has participated in the Exchange Offer and has received Exchange Notes that are not appropriate or available for such resales freely tradeable or (Cv) it is a broker-dealer and owns in the case where the Initial Purchaser participates in the Exchange Offer or acquires Exchange Notes acquired directly from pursuant to Section 2(f) hereof, the Company or Initial Purchaser does not receive freely tradeable Exchange Notes in exchange for Notes constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 43, (x) the requirement that an the Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities Act in connection with sales of Exchange Notes acquired in exchange for such Notes shall result in such Exchange Notes being not "freely tradeable" but and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes being not "freely tradeable"), the following provisions shall apply:
(a) The Company shall and the Subsidiary Guarantors shall, as promptly as practicablepracticable (but in any event on or prior to 60 days after such filing obligation arises), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities Notes or the Exchange Notes, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedStatement and Rule 415 under the Securities Act, howeverprovided that, that with respect to Exchange Notes received by an the Initial Purchaser in exchange for Transfer Restricted Securities Notes constituting any portion of an unsold allotment of Notesallotment, the Company and the Subsidiary Guarantors may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company and the Subsidiary Guarantors shall use its their best efforts to cause the Shelf Registration Statement to be declared effective under the Securities Act as promptly as possible after filing such Shelf Registration Statement pursuant to this Section 3 and to keep the such Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof contained therein to be usable by Holders for a period of two [two] years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities Notes or Exchange Notes, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities Notes covered thereby not being able to offer and sell such securities Notes during that period, unless (i) such action is required by applicable law, law or (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 2 contracts
Sources: Registration Rights Agreement (Burke Industries Inc /Ca/), Registration Rights Agreement (Burke Industries Inc /Ca/)
Shelf Registration. If, (a) If (i) notwithstanding the Company efforts contemplated in Section 2(g), due to any change in law or applicable interpretations thereof by the Staff, the Partnership determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; (ii) for any other reason the Registered Exchange Offer is not permitted consummated within 260 days of the date hereof; (iii) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by applicable law or Commission policy or it following consummation of the Registered Exchange Offer; (iiiv) any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days (other than an Initial Purchaser or an Affiliate of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (APartnership) it is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, ; or (Bv) it may not resell in the Exchange Notes acquired by it case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to the public without delivering a prospectusSection 2(f) hereof, and the prospectus contained such Initial Purchaser does not receive freely tradable New Securities in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but tradable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeabletradable"), the following provisions Partnership shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company shall as promptly as practicable, file with the Commission and thereafter Partnership shall use its reasonable best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, file a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration StatementStatement with the Commission on or before the later of (A) 20 days after so required or requested pursuant to this Section 3, and (B) 90 days after the date hereof; and thereafter the Partnership shall use its reasonable best efforts to cause the Shelf Registration Statement to be declared effective under the Act on or before the later of (x) 60 days after the filing of such Shelf Registration Statement is so required or requested pursuant to this Section 3, and (y) 210 days after the date hereof; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company Partnership may, if permitted by current interpretations by the Commission's staffStaff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its their obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company Partnership shall use its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders Statement or may be sold by such Holders in pursuant to Rule 144(k) under the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Act (in any such case, such period being called the "Shelf Registration Period"). The Company Partnership shall be deemed not to have used its reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period if it the Partnership voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company Partnership in good faith and for valid business reasons (not including avoidance of the CompanyPartnership's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company Partnership promptly thereafter complies with the requirements of Section 5(j5(k) hereof, if applicable or applicable.
(iii) The Partnership shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act and the rules and regulations of the Commission; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
Appears in 2 contracts
Sources: Registration Rights Agreement (Enbridge Energy Partners Lp), Registration Rights Agreement (Enbridge Energy Partners Lp)
Shelf Registration. If, (i) because of any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof, or (ii) for any other reason the Registered Exchange Offer is not permitted by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing consummated within 10 business 180 days of the filing and effectiveness under the Act date hereof, or (iii) any Initial Purchaser so requests with respect to Securities held by it following consummation of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, or (Biv) it may any Holder (other than an Initial Purchaser) is not resell the Exchange Notes acquired by it eligible to participate in the Registered Exchange Offer to and so notifies the public without delivering a prospectusCompany as soon as practicable, and but in any event not later than 30 days following consummation of the prospectus contained Registered Exchange Offer, or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer Registration Statement is or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not appropriate or available receive freely tradeable New Securities in exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 43, (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions shall apply:
(a) The Company shall shall, as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission Commission, and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the NotesAct, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedprovided that, however, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company shall use its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two three years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, or (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company as promptly as practicable thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 2 contracts
Sources: Registration Agreement (Qwest Communications International Inc), Registration Agreement (Qwest Communications International Inc)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Company Commission’s staff, the Issuer determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; or (ii) for any other reason the Registered Exchange Offer is not permitted consummated within 330 days of the date hereof; (iii) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by applicable law or Commission policy or it following consummation of the Registered Exchange Offer; (iiiv) any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (Aother than an Initial Purchaser) it is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, ; or (Bv) it may not resell in the Exchange Notes acquired by it case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to the public without delivering a prospectusSection 2(f) hereof, and the prospectus contained such Initial Purchaser does not receive freely tradeable New Securities in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that the requirement that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "“freely tradeable" but ”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "“freely tradeable"”), the following provisions Issuer shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company Issuer shall as promptly as practicablepracticable (but in no event more than 240 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its reasonable best efforts to cause to be declared effective under the Act on within 300 days after so required or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notesrequested, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company Issuer may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company Issuer shall use its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years (the “Shelf Registration Period”) from the date the Shelf Registration statement Statement is declared effective by the Commission until (A) the second anniversary thereof or until one year after such effective (B) the date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) upon which all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities (in any such case, such period being called the "Shelf Registration Period"). The Company Issuer shall be deemed not to have used its reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law, (ii) such action is taken law or otherwise undertaken by the Company Issuer in good faith and for valid business reasons (not including avoidance of the Company's Issuer’s obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of mergers and combinations and similar events, and (y) permitted pursuant to Section 5(j4(k)(ii) hereof, if applicable or .
(iii) The Issuer shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein (in the case of the Prospectus, in the light of the circumstances under which they were made) not misleading.
Appears in 2 contracts
Sources: Registration Rights Agreement (Rural Metro Corp /De/), Registration Rights Agreement (Rural Metro Corp /De/)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof;
(ii) for any other reason the Registered Exchange Offer is not permitted consummated within 270 days of the date hereof;
(iii) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by applicable law or Commission policy or it following consummation of the Registered Exchange Offer;
(iiiv) any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (Aother than an Initial Purchaser) it is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, ; or
(Bv) it may not resell in the Exchange Notes acquired by it case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to the public without delivering a prospectusSection 2(f) hereof, and the prospectus contained such Initial Purchaser does not receive freely tradeable New Securities in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but "; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The To the extent not prohibited by any applicable law or applicable interpretation of the Staff of the Commission, the Company shall as promptly as practicablepracticable (but in no event more than 60 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedPROVIDED, howeverHOWEVER, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company shall use its best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, business combinations or similar significant corporate transactions involving the Company or Exelon Corporation so long as the Company promptly thereafter complies with the requirements of Section 5(j4(j) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 2 contracts
Sources: Registration Rights Agreement (Commonwealth Edison Co), Registration Rights Agreement (Commonwealth Edison Co)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission’s staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; (ii) for any other reason the Registered Exchange Offer is not permitted by applicable law or Commission policy or consummated within 270 days of the date hereof; (iiiii) any Holder (other than the Initial Purchasers) is not eligible to participate in the Registered Exchange Offer other than by reason of Transfer Restricted Securities notifies the Company in writing within 10 business days such Holder being an Affiliate of the filing and effectiveness under Company; (iv) based on their reasonable opinion, the Act of Initial Purchasers so request with respect to Notes that are not eligible to be exchanged for New Notes in the Registered Exchange Offer Registration Statement that (A) it is prohibited are held by law or Commission policy from participating in them following consummation of the Registered Exchange Offer, such request being in writing and delivered to the Company; or (Bv) it may not resell in the Exchange Notes acquired by it case that the Initial Purchasers participate in the Registered Exchange Offer or acquire New Notes pursuant to Section 2(f) hereof, in their reasonable opinion the public without delivering a prospectus, and the prospectus contained Initial Purchasers do not receive freely tradeable New Notes in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (xA) the requirement that an the Initial Purchaser Purchasers deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange New Notes acquired in exchange for such Notes shall result in such Exchange New Notes being not "“freely tradeable" but ” and (yB) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange New Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange New Notes being not "“freely tradeable"”), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company shall as promptly as practicable, practicable file with the Commission and thereafter shall use its best commercially reasonable efforts to cause to be declared effective under the Act on or prior to 220 within 270 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the NotesClosing Date, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities Notes or the New Notes, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than the Initial Purchasers) shall be entitled to have the Notes held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder (it being understood that Holders who would have received freely transferable Notes pursuant to the Registered Exchange Offer had they not (A) failed to duly tender their Notes for exchange pursuant to the Registered Exchange Offer (other than the Initial Purchasers in connection with respect to Exchange Notes received held by an Initial Purchaser in exchange for Transfer Restricted Securities them constituting any portion of an unsold allotment allotment), or otherwise failed to comply with the requirements of Notesthe Registered Exchange Offer as provided in Section 2 hereof or (B) failed to furnish to the Company such information as the Company may request in accordance with Section 4(o) in connection with a Shelf Registration Statement, shall not retain any rights under this Agreement, including any right to have Notes owned by them included in any Shelf Registration Statement); and provided further that, with respect to New Notes received by the Initial Purchasers in exchange for Notes constituting any portion of an unsold allotment, the Company may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508of the Act, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company shall use its best efforts to shall, except as permitted under Section 4(k)(ii), keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years (the “Shelf Registration Period”) from the date the Shelf Registration statement Statement is declared effective by the Commission until (A) the first anniversary thereof or until one year after such effective (B) the earlier date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) upon which all the Transfer Restricted Securities Notes or New Notes, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or .
(iii) the date on which there ceases to be outstanding any Transfer Restricted Securities (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective during date of the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell Shelf Registration Statement or such securities during that period, unless (i) such action is required by applicable lawamendment or supplement, (iiA) such action is taken by to comply in all material respects with the Company in good faith and for valid business reasons (not including avoidance applicable requirements of the Company's obligations hereunder), including the acquisition or divestiture Act; and (B) not to contain any untrue statement of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j) hereof, if applicable or (iii) such action is taken because of any a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein (in the case of the Prospectus, in the light of the circumstances under which they were made) not misleading.
Appears in 1 contract
Sources: Registration Rights Agreement (Kansas City Southern)
Shelf Registration. If, (a) If (i) due to any change in law or ------------------ applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because the Registered Exchange Offer is not permitted as contemplated by applicable law or Commission policy or Section 2 hereof; (ii) for any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in other reason the Exchange Offer Registration Statement is not appropriate declared effective within 120 days of the date of original issuance of the Securities or available the Registered Exchange Offer is not consummated within 150 days of the date of original issuance of the Securities; (iii) any Initial Purchaser so requests within 45 days of consummation of the Registered Exchange Offer with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer; (iv) any Holder (other than an Initial Purchaser) so requests within 45 days of consummation of the Registered Exchange Offer on the basis that such resales Holder was not eligible to participate in the Registered Exchange Offer or (C) it is a broker-dealer and owns Notes acquired directly from does not receive freely tradeable New Securities in the Registered Exchange Offer other than by reason of such Holder being an Affiliate of the Company or an Affiliate (it being understood thatthat a requirement to deliver a Prospectus in connection with market-making activities or other trading shall not result in the applicable securities not being "freely tradeable"); or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for purposes Securities constituting any portion of this Section 4, an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but "; and (y) the requirement that an Exchanging Dealer deliver a an Exchange Offer Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company shall as promptly as practicablepracticable (but in no event more than 60 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, -------- ------- that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New -------- ------- Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company shall use its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) Closing Date or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable applicable. The Company is expressly permitted to suspend the effectiveness of the Shelf Registration Statement in good faith in connection with the acquisition or (iiidivestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 4(k) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodhereof, if applicable.
Appears in 1 contract
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Company is Commission’s staff, the Issuers determine upon advice of their outside counsel that they are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because the Registered Exchange Offer is not permitted as contemplated by applicable law or Commission policy or Section 2 hereof; (ii) for any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in other reason the Exchange Offer Registration Statement is not appropriate or available effective within 300 days of the date hereof; (iii) any Initial Purchaser, upon notification to the Company prior to the 20th Business Day following the consummation of the Registered Exchange Offer, so requests with respect to Securities that are not eligible to be exchanged for such resales New Securities in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer; (iv) any Holder (other than an Initial Purchaser) notifies the Company prior to the 20th Business Day following the consummation of the Registered Exchange Offer that it is not eligible to participate in the Registered Exchange Offer; or (Cv) it is a broker-dealer and owns Notes acquired directly from in the Company case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "“freely tradeable" but ”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "“freely tradeable"”), the following provisions Issuers shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company Issuers shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its their reasonable best efforts to cause to be declared effective under the Act on within 90 days after so required or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notesrequested, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company Issuers may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its their obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company Issuers shall use its their reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years the “Shelf Registration Period”) from the date the Shelf Registration statement Statement is declared effective by the Commission until the earliest of (or until one year after such effective A) the second anniversary thereof; (B) the date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) upon which all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, Statement or (iiC) the date on whichupon which all the Securities or New Securities, in the opinion of counsel to the Companyas applicable, all of the Transfer Restricted Securities then held by the Holders may be sold covered by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases Shelf Registration Statement cease to be outstanding any Transfer Restricted Securities (in any such case, such period being called the "Shelf Registration Period")Registrable Securities. The Company Issuers shall be deemed not to have used its their reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it they voluntarily takes take any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law, (ii) such action is taken law or otherwise undertaken by the Company Issuers in good faith and for valid business reasons (not including avoidance of the Company's Issuers’ obligations hereunder), including the acquisition or divestiture of assetsassets or a financing, so long as the Company promptly thereafter complies with the requirements of and (y) permitted pursuant to Section 5(j4(k)(ii) hereof, if applicable or .
(iii) The Issuers shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein (in the case of the Prospectus, in the light of the circumstances under which they were made) not misleading.
Appears in 1 contract
Sources: Registration Rights Agreement (Phoenix Consulting Group, LLC)
Shelf Registration. If, (i) because of any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof, or (ii) for any other reason the Registered Exchange Offer is not permitted by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing consummated within 10 business 180 days of the filing and effectiveness under the Act date hereof, or (iii)the Initial Purchaser so requests with respect to Securities held by it following consummation of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, or (Biv) it may any Holder (other than the Initial Purchaser) is not resell the Exchange Notes acquired by it eligible to participate in the Registered Exchange Offer to and so notifies the public without delivering a prospectusCompany as soon as practicable, and but in any event not later than 30 days following consummation of the prospectus contained Registered Exchange Offer, or (v) in the case of the Initial Purchaser that participates in the Registered Exchange Offer Registration Statement is or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not appropriate or available receive freely tradeable New Securities in exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 43, (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions shall apply:
(a) The Company shall shall, as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission Commission, and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the NotesAct, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedprovided that, however, that with respect to Exchange Notes New Securities received by an the Initial NYDOCS01/571257 2 Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company shall use its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two three years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, or (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company as promptly as practicable thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 1 contract
Sources: Registration Agreement (Qwest Communications International Inc)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; (ii) for any other reason the Registered Exchange Offer is not permitted consummated within 210 days after the Issue Date; (iii) prior to the 20th business day following consummation of the Registered Exchange Offer (A) any Initial Purchaser so requests with respect to Notes that are not eligible to be exchanged for Exchange Notes in the Registered Exchange Offer and that are held by applicable law or Commission policy or it following consummation of the Registered Exchange Offer; (iiB) any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (Aother than an Initial Purchaser) it is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, ; or (BC) it may not resell in the Exchange Notes acquired by it case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires Exchange Notes pursuant to the public without delivering a prospectusSection 2(f) hereof, and the prospectus contained such Initial Purchaser does not receive freely tradeable Exchange Notes in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or and 508 of Regulation S-K K, as applicable, under the Act in connection with sales of Exchange Notes acquired in exchange for such Notes shall result in such Exchange Notes being not "freely tradeable" but "; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with Section 3(b) hereof.
(ai) The Company shall as promptly as practicablereasonably practicable (but in no event more than 60 days after so required or requested pursuant to this Section 3), file with the Commission Commission, and thereafter shall use its their respective reasonable best efforts to cause to be declared effective under the Act on (within 90 days after so required or prior requested pursuant to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notesthis Section 3), a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities Notes or the Exchange Notes, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by a majority of such Holders and set forth in such Shelf Registration Statement; provided, however, that nothing in this Section 3(b) shall require the filing of a Shelf Registration Statement prior to the deadline for filing the Exchange Offer Registration Statement set forth in Section 2(a); provided, further, that no Holder (other than an Initial Purchaser) shall be entitled to have the Notes held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided, further, that with respect to Exchange Notes received by an Initial Purchaser in exchange for Transfer Restricted Securities Notes constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 and 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its their obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company shall use its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the original issuance date of the Shelf Registration statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) Notes or such shorter period that will terminate when (i) all the Transfer Restricted Securities Notes or Exchange Notes, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales Statement or (iii) the date on which there ceases cease to be outstanding any Transfer Restricted Securities (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities Notes or Exchange Notes covered thereby not being able to offer and sell such securities Notes or Exchange Notes during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's its obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 1 contract
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; or (ii) for any other reason the Registered Exchange Offer is not permitted consummated within 210 days of the date hereof; (iii) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer; (iv) any Holder (other than an Initial Purchaser) is prohibited by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days applicable interpretations of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, ; or (Bv) it may not resell in the Exchange Notes acquired by it case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to the public without delivering a prospectusSection 2(f) hereof, and the prospectus contained such Initial Purchaser does not receive freely tradeable New Securities in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but "; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company shall use its best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j5(k) hereof, if applicable or applicable.
(iii) The Company shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Securities Act and the rules and regulations of the Commission; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
Appears in 1 contract
Sources: Registration Rights Agreement (Travelers Property Casualty Corp)
Shelf Registration. If, (i) because of any change in law or applicable interpretations thereof by the Company is Commission’s staff, the Issuer and Parent determine upon advice of outside counsel that they are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because the Registered Exchange Offer is not permitted as contemplated by applicable law or Commission policy Section 2 hereof, or (ii) for any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in other reason the Exchange Offer Registration Statement is not appropriate declared effective by November 29, 2011 or available for such resales the Registered Exchange Offer is not consummated on or prior to the later of (x) December 29, 2011 and (y) 30 business days following the initial effectiveness date of the Exchange Offer Registration Statement, or (Ciii) it any Purchaser so requests with respect to Original Notes (or any New Notes received pursuant to Section 2(f)) not eligible to be exchanged for New Notes in a Registered Exchange Offer or, in the case of any Purchaser that participates in any Registered Exchange Offer, such Purchaser does not receive freely tradable New Notes, or (iv) any Holder (other than a Purchaser) is a broker-dealer not eligible to participate in the Registered Exchange Offer or (v) in the case of any such Holder that participates in the Registered Exchange Offer, such Holder does not receive freely tradable New Notes in exchange for tendered securities, other than by reason of such Holder being an affiliate of the Issuer and owns Notes acquired directly from Parent within the Company or an Affiliate meaning of the Securities Act (it being understood that, for purposes of this Section 43, (x) the requirement that an Initial a Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities Act in connection with sales of Exchange New Notes acquired in exchange for such Original Notes shall result in such Exchange New Notes being not "“freely tradeable" ” but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange New Notes acquired in the Registered Exchange Offer in exchange for Original Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange New Notes being not "“freely tradeable"”), the following provisions shall apply:
(a) The Company Issuer and Parent shall as promptly as practicablepracticable (but in no event more than the later of (i) August 31, 2011 or (ii) 45 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best their commercially reasonable efforts to cause to be declared become effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission Delay Period) after the date of original issuance of the Notesas, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities Original Notes or the New Notes, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration StatementStatement (such Original Notes or New Notes, as applicable, to be sold by such Holders under such Shelf Registration Statement being referred to herein as “Registration Securities”); provided, however, that that, with respect to Exchange New Notes received by an Initial a Purchaser in exchange for Transfer Restricted Securities Original Notes constituting any portion of an unsold allotment of Notesallotment, the Company Issuer and Parent may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its their obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and Parent shall include the information required by Rule 430B(b)(2)(iii) under the Securities Act.
(b) The Company Issuer and Parent shall use its best their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement becomes effective or is declared effective by the Commission (or until one year after designated as such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities Original Notes or New Notes, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "“Shelf Registration Period"”). The Company Issuer and Parent shall be deemed not to have used its best their commercially reasonable efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it the Issuer or Parent voluntarily takes any action that would result in Holders of Transfer Restricted Securities securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, law or (ii) such action is taken by the Company such party in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and Parent hereunder), including the acquisition or divestiture of assets, so long as the Company Issuer and Parent promptly thereafter complies comply with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 1 contract
Sources: Registration Agreement (Level 3 Communications Inc)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Company is Commission's staff, the Issuers determine upon advice of their outside counsel that they are not required permitted to file effect the Registered Exchange Offer as contemplated by Section 2 hereof; or (ii) for any other reason the Exchange Offer Registration Statement nor permitted to Consummate has not become effective under the Act within 180 days of the date of the original issuance of the Securities or the Registered Exchange Offer because the Registered Exchange Ex- change Offer is not permitted by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing consummated within 10 business days of the filing and effectiveness under the Act of 30 Business Days after the Exchange Offer Registration Statement becomes effective; (iii) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer; (Aiv) it any Holder (other than an Initial Purchaser) is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, ; or (Bv) it may not resell in the Exchange Notes acquired by it case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to the public without delivering a prospectusSection 2(f) hereof, and the prospectus contained such Initial Purchaser does not receive freely tradeable New Securities in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but "; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions Issuers shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company Issuers shall as promptly as practicable, file with the Commission and thereafter shall use its their best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company Issuers may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company Issuers shall use its their best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective ef- fective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company Issuers shall be deemed not to have used its their best efforts to keep the Shelf Registration Statement effective during the requisite period if it they voluntarily takes take any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company Issuers in good faith and for valid business reasons (not including avoidance of the Company's Issuers' obligations hereunder), including the acquisition or divestiture of assets, mergers and combinations and similar events, so long as the Company Issuers promptly thereafter complies comply with the requirements of Section 5(j4(k) hereof, if applicable or applicable.
(iii) The Issuers shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Securities Act and the rules and regulations of the Commission; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
(iv) No Holder of Securities may include any of its Securities in any Shelf Registration Statement pursuant to this Agreement unless and until such Holder furnishes to the Issuers in writing, within 15 days after receipt of a request therefor, such information as the Issuers may reasonably request for use in connection with any Shelf Registration Statement or Prospectus or preliminary Prospectus included therein. No Holder of Securities shall be entitled to Additional Interest pursuant to the terms of the Indenture unless and until such Holder shall have used its reasonable best efforts to provide all such reasonably requested information. Each Holder of Securities as to which any Shelf Registration Statement is being effected agrees to furnish promptly to the Issuers all information required to be disclosed in order to make the information previously furnished to the Issuers by such Holder not misleading.
Appears in 1 contract
Sources: Registration Rights Agreement (Bki Asset Management Corp)
Shelf Registration. If, (a) If (i) due to any change in applicable law or interpretations thereof by the Commission’s staff, the Company is and the Guarantors determine upon advice of outside counsel that they are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; (ii) for any other reason the Registered Exchange Offer is not permitted by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing consummated within 10 business 225 days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement Refinancing Completion Date; (iii) any Initial Purchaser so requests with respect to Securities that (A) it is prohibited by law or Commission policy from participating are not eligible to be exchanged for New Securities in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired and that are held by it following consummation of the Registered Exchange Offer; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained or does not receive freely transferable New Securities in the Registered Exchange Offer; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer Registration Statement is or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not appropriate or available receive freely transferable New Securities in exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, (x) that the requirement that an such Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall not result in such Exchange Notes New Securities being not "“freely tradeable" but (y) transferable” and the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "“freely tradeable"transferable”), the following provisions Company and the Guarantors shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company and the Guarantors shall as promptly as practicablepracticable (but in no event more than 60 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best commercially reasonable efforts to cause to be declared effective under the Act on within 90 days after being so required or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notesrequested, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted applicable Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution reasonably elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further that with respect to Exchange Notes New Securities received by an any Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company and the Guarantors may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Subject to Section 4(k)(ii), the Company and the Guarantors shall use its best commercially reasonable efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years (the “Shelf Registration Period”) from the date the Shelf Registration statement Statement is declared effective by the Commission until the earlier of (A) the first anniversary thereof or until one year after such effective (B) the date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) upon which all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales Statement or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities (in any such case, such period being called the "Shelf Registration Period")are no longer outstanding. The Company and the Guarantors shall be deemed not to have used its best commercially reasonable efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it the Company or the Guarantors voluntarily takes take any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law, (ii) such action is taken law or otherwise undertaken by the Company or the Guarantors, as applicable, in good faith and for valid business reasons (not including avoidance of the Company's ’s or the Guarantors’ obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of and (y) permitted pursuant to Section 5(j4(k)(ii) hereof, if applicable or .
(iii) The Company and the Guarantors shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein (in the case of the Prospectus, in the light of the circumstances under which they were made) not misleading.
Appears in 1 contract
Sources: Exchange and Registration Rights Agreement (Standard Pacific Corp /De/)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission’s staff, the Operating Partnership and the Company determine upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; (ii) for any other reason the Registered Exchange Offer is not permitted by applicable law or Commission policy or consummated within 45 Business Days after the 240th day following the date hereof; (iiiii) any Holder of Transfer Restricted Initial Purchaser so requests with respect to Securities notifies that are not eligible to be exchanged for New Securities in the Company in writing within 10 business days Registered Exchange Offer and that are held by it following consummation of the filing and effectiveness under the Act of the Registered Exchange Offer Registration Statement Offer; (iv) upon request by any Holder (other than an Initial Purchaser) that (A) it is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, ; or (Bv) it may not resell in the Exchange Notes acquired by it case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to the public without delivering a prospectusSection 2(g) hereof, and the prospectus contained such Initial Purchaser does not receive freely tradeable New Securities in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "“freely tradeable" but ”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "“freely tradeable"”), the following provisions Operating Partnership and the Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Operating Partnership and the Company shall as promptly as practicablepracticable (but in no event more than 90 days after becoming so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best reasonable efforts to cause to be declared effective under the Act on within 180 days after becoming so required or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notesrequested, a Shelf Registration Statement (which shall be, if the Operating Partnership is then a Well-Known Seasoned Issuer, an Automatic Shelf Registration Statement) relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that with respect to Exchange Notes received by no Holder (other than an Initial Purchaser in exchange for Transfer Restricted Purchaser) shall be entitled to have the Securities constituting any portion of an unsold allotment of Notes, the Company may, if permitted held by current interpretations it covered by the Commission's staff, file a post-effective amendment to the Exchange Offer such Shelf Registration Statement containing the information required unless such Holder agrees in writing to be bound by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction all of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein of this Agreement applicable to, a Shelf Registration Statementto such Holder.
(bii) The Operating Partnership and the Company shall use its best reasonable efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years (the “Shelf Registration Period”) from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such becomes effective date if such in the case of an Automatic Shelf Registration Statement is filed at Statement) until (A) the request of an Initial Purchaserfirst anniversary thereof or (B) or such shorter period that will terminate when (i) the date upon which all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all . Each of the Transfer Restricted Securities then held by Operating Partnership and the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best reasonable efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities or New Securities covered thereby not being able to offer and sell such securities Securities or New Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law, (ii) such action is taken law or otherwise undertaken by the Operating Partnership or the Company in good faith and for valid business reasons (not including avoidance of the Operating Partnership’s and the Company's ’s obligations hereunder), including the acquisition or divestiture of assets, so long as and (y) permitted pursuant to Section 4(k)(ii) hereof. None of the Company, the Operating Partnership or any of their respective securityholders (other than Holders of Registrable Securities) shall have the right to include any securities of the Company promptly thereafter complies with or the requirements of Section 5(j) hereof, if applicable Operating Partnership in any Shelf Registration Statement other than the Securities or New Securities.
(iii) The Operating Partnership and the Company shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein (in the case of the Prospectus, in the light of the circumstances under which they were made) not misleading.
Appears in 1 contract
Sources: Registration Rights Agreement (Digital Realty Trust, Inc.)
Shelf Registration. If, If (i) because of any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not permitted to effect the Exchange Offer as contemplated by Section 2 hereof, or (ii) the Company is not required to file the Exchange Offer Registration Statement nor permitted to Consummate the Registered Exchange Offer because the Registered Exchange Offer is not permitted by applicable law or Commission policy for any reason other than those specified in clause (i) above, or (iiiii) with respect to any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it such Holder is prohibited by applicable law or Commission policy from participating in the Registered Exchange Offer, or (B) it such Holder may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, prospectus and that the prospectus Prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales by such Holder, or (C) it such Holder is a broker-dealer an Exchanging Dealer and owns holds Initial Notes acquired directly from the Company or an Affiliate one of its affiliates (it being understood that, for purposes of this Section 43, (x) the requirement that an the Initial Purchaser Purchasers deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities Act in connection with sales of Exchange Notes acquired in exchange for such Notes shall result in such Exchange Notes being not "freely tradeable" but and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes being not "freely tradeable"), the following provisions shall apply:
(a) The Company shall shall, as promptly as practicable, file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities Notes or the Exchange Notes, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedStatement and Rule 415 under the Securities Act, howeverprovided that, that with respect to Exchange Notes received by an the Initial Purchaser Purchasers in exchange for Transfer Restricted Securities Initial Notes constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company shall use its best efforts to cause the Shelf Registration Statement to be filed on or prior to the 90th calendar day after the Closing Date and declared effective under the Securities Act on or prior to the 150th calendar day after the obligation to file a Shelf Registration Statement under this Section 3 arises and to keep the such Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof contained therein to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities Initial Notes or Exchange Notes, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it the Company voluntarily takes any action that would result in Holders of Transfer Restricted Securities Notes covered thereby not being able to offer and sell such securities Notes during that period, unless (i) such action is required by applicable law, (ii) the Company complies with this Agreement or (iii) such action is taken by the Company or any Guarantors in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(m) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 1 contract
Sources: Registration Rights Agreement (Dobson Communications Corp)
Shelf Registration. If, (i) because of any change in law or ------------------- applicable interpretations thereof by the Commission's staff, the Company is and the Guarantors determine upon advice of its outside counsel that they are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because the Registered Exchange Offer is not permitted as contemplated by applicable law or Commission policy Section 2 hereof, or (ii) if for any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in other reason the Exchange Offer Registration Statement is not appropriate declared effective within 345 days after the Closing Date or available for such resales the Registered Exchange Offer is not consummated within 375 days after the Closing Date, or (Ciii) it if any Purchaser so requests with respect to Securities (or any New Securities received pursuant to Section 2(f)) not eligible to be exchanged for New Securities in a Registered Exchange Offer or, in the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradeable New Securities, or (iv) any Holder (other than an Initial Purchaser) is a broker-dealer and owns Notes acquired directly from not eligible to participate in the Registered Exchange Offer or, in the case of any such Holder that participates in the Registered Exchange Offer, such Holder does not receive freely tradeable New Securities in exchange for tendered Securities, other than by reason of such Holder being an affiliate of the Company or an Affiliate within the meaning of the Act (it being understood that, for purposes of this Section 43, (x) the requirement that an Initial a Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions shall apply:
(a) The Company and the Guarantors shall as promptly as practicable, practicable (but in no event not more than 30 days after so required or requested pursuant to this Section 3) file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration StatementStatement (such Securities or New Securities, as applicable, to be sold by Holders under such Shelf Registration Statement being referred to herein as "Registrable Securities"); provided, however, that with respect to Exchange Notes New Securities received by an Initial a -------- Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company and the Guarantors may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company and the Guarantors shall use its their best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two three years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial a Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company and the Guarantors shall be deemed not to have used its their best efforts to keep the Shelf Registration Statement effective during the requisite period if it any of them voluntarily takes any action that would result in Holders of Transfer Restricted Securities securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, law or (ii) such action is taken by the Company or any Guarantor in good faith and for valid business reasons (not including avoidance of the Company's or such Guarantor's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company or such Guarantor promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 1 contract
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required permitted to file effect the Registered Exchange Offer as contemplated by Section 2 hereof; or (ii) for any other reason the Exchange Offer Registration Statement nor permitted to Consummate is not declared effective by the Registered Exchange Offer because Commission under the Act within 225 days of the date of the original issuance of the Securities or the Registered Exchange Offer is not permitted by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing consummated within 10 business days 45 Business Days of the filing and date of the effectiveness under the Act of the Exchange Offer Registration Statement Statement; (iii) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer; (Aiv) it any Holder (other than an Initial Purchaser) is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, (B) it may not resell or in the Exchange Notes acquired by it case of any Holder that participates in the Registered Exchange Offer to Offer, does not receive freely tradable New Securities in the public without delivering Registered Exchange Offer, other than by reason of such Holder being an Affiliate of the Company (it being understood that the requirement that a prospectus, and participating Broker-Dealer deliver the prospectus contained in the Exchange Offer Registration Statement is in connection with sales of New Securities shall not appropriate or available for result in such resales New Securities being not "freely tradable"); or (Cv) it is a broker-dealer and owns Notes acquired directly from in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment, other than by reason of such Holder being an Affiliate of the Company or an Affiliate (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall not result in such Exchange Notes New Securities being not "freely tradeable" but "; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions Company and the Guarantors shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company and the Guarantors shall as promptly as practicablepracticable (but in no event more than 90 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its their respective reasonable best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement in accordance with Rule 415 under the Act relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company and the Guarantors may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its their obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company and the Guarantors shall use its their respective reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement (i) have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period") or (ii) are eligible for resale under Rule 144(k). The Company and the Guarantors shall be deemed not to have used its their respective reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period if it they voluntarily takes take any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company and the Guarantors in good faith and for valid business reasons (not including avoidance of the Company's and the Guarantors' obligations hereunder), including the acquisition or divestiture of assetsassets (to the extent permitted by the terms of the Indenture), so long as the Company and the Guarantors promptly thereafter complies comply with the requirements of Section 5(j5(k) hereof, if applicable or applicable.
(iii) The Company and the Guarantors shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply as to form in all material respects with the applicable requirements of the Act; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
Appears in 1 contract
Sources: Registration Rights Agreement (Kingsey Falls Investments Inc.)
Shelf Registration. If, (a) If (i) due to any change in law or ------------------ applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because the Registered Exchange Offer is not permitted as contemplated by applicable law or Commission policy or Section 2 hereof; (ii) for any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in other reason the Exchange Offer Registration Statement is not appropriate declared effective within 180 days of the date of original issuance of the Securities or available the Registered Exchange Offer is not consummated within 210 days of the date of original issuance of the Securities; (iii) any Initial Purchaser so requests within 45 days of consummation of the Registered Exchange Offer with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer; (iv) any Holder (other than an Initial Purchaser) so requests within 45 days of consummation of the Registered Exchange Offer on the basis that such resales Holder was not eligible to participate in the Registered Exchange Offer or (C) it is a broker-dealer and owns Notes acquired directly from does not receive freely tradeable New Securities in the Registered Exchange Offer other than by reason of such Holder being an Affiliate of the Company or an Affiliate (it being understood thatthat a requirement to deliver a Prospectus in connection with market-making activities or other trading shall not result in the applicable securities not being "freely tradeable"); or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for purposes Securities constituting any portion of this Section 4, an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but "; and (y) the requirement that an Exchanging Dealer deliver a an Exchange Offer Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company shall as promptly as practicablepracticable (but in no event more than 60 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company shall use its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) Closing Date or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable applicable. The Company is expressly permitted to suspend the effectiveness of the Shelf Registration Statement in good faith in connection with the acquisition or (iiidivestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 4(k) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodhereof, if applicable.
Appears in 1 contract
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission’s staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; or (ii) for any other reason the Registered Exchange Offer is not permitted by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing consummated within 10 business 300 days of the filing and effectiveness under date hereof; (iii) any Initial Purchaser so requests within 20 days after the Act consummation of the Exchange Offer Registration Statement with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer; (Aiv) any Holder (other than an Initial Purchaser) who notifies the Company within 20 days after the consummation of the Exchange Offer that it is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, and holds Securities pending consummation of the Registered Exchange Offer, so requests; or (Bv) it may not resell in the Exchange Notes acquired by it case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to the public without delivering a prospectusSection 2(f) hereof, and the prospectus contained such Initial Purchaser does not receive freely tradeable New Securities in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "“freely tradeable" but ”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "“freely tradeable"”), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company shall as promptly as practicablepracticable (but in no event more than 60 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best commercially reasonable efforts to cause to be declared effective under the Act on within 120 days after so required or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notesrequested, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company shall use its best commercially reasonable efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years (the “Shelf Registration Period”) from the date the Shelf Registration statement Statement is declared effective by the Commission until the earlier of (A) the second anniversary thereof or until one year after such effective (B) the date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) upon which all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best commercially reasonable efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law, (ii) such action is taken law or otherwise undertaken by the Company in good faith and for valid business reasons (not including avoidance of the Company's ’s obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of and (y) permitted pursuant to Section 5(j4(k)(ii) hereof, if applicable or .
(iii) The Company shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein (in the light of the circumstances under which they were made) not misleading.
Appears in 1 contract
Sources: Registration Rights Agreement (Cooper Companies Inc)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission’s staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; or (ii) for any other reason the Registered Exchange Offer is not permitted consummated within 240 days of the date hereof; (iii) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by applicable law or Commission policy or it following consummation of the Registered Exchange Offer; (iiiv) any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (Aother than an Initial Purchaser) it is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, ; or (Bv) it may not resell in the Exchange Notes acquired by it case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to the public without delivering a prospectusSection 2(f) hereof, and the prospectus contained such Initial Purchaser does not receive freely tradeable New Securities in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "“freely tradeable" but ”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "“freely tradeable"”), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on within 90 days after so required or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notesrequested, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company shall use its best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years the “Shelf Registration Period”) from the date the Shelf Registration statement Statement is declared effective by the Commission until (A) the expiration of the time period referred to in Rule 144(d)(1)(ii) under the Act or until one year after such effective (B) the date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) upon which all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law, (ii) such action is taken law or otherwise undertaken by the Company in good faith and for valid business reasons (not including avoidance of the Company's ’s obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of and (y) permitted pursuant to Section 5(j4(k)(ii) hereof, if applicable or .
(iii) The Company shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of any fact or circumstance giving rise to a Supplement Delay Period.the Act; and
Appears in 1 contract
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Company is Commission’s staff, the Issuer and the Guarantors determine upon advice of their outside counsel that they are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; (ii) for any other reason the Registered Exchange Offer is not permitted by applicable consummated within 210 days of the Closing Date; (iii) any Holder notifies the Company within 20 Business Days after the commencement of the Registered Exchange Offer that (A) due to a change in law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating not entitled to participate in the Registered Exchange Offer, (B) due to a change in applicable law or Commission policy it may not resell the Exchange Notes New Securities to be acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, prospectus and the prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales by such Holder or (C) it is a broker-dealer and owns Notes Registrable Securities acquired directly from the Company or an Affiliate affiliate of the Company; or (iv) in the case of the Initial Purchasers that participate in the Registered Exchange Offer or acquire New Securities pursuant to Section 2(f) hereof, an Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment and notifies the Company within 20 Business Days after the commencement of the Registered Exchange Offer (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "“freely tradeable" but ;” and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "“freely tradeable"”), the following provisions Issuer and the Guarantors shall apply:file and use their commercially reasonable efforts to cause to become and keep effective a Shelf Registration Statement in accordance with subsection (b) below.
(i) The Issuer and the Guarantors shall, if required by subsection (a) The Company shall above, as promptly as practicable, practicable use their commercially reasonable efforts to file with the Commission and thereafter shall use its best their commercially reasonable efforts to cause to be declared effective under the Act on or prior to 220 within the (x) later of 210 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the NotesClosing Date or (y) 90 days after such filing obligation arises pursuant to subsection (a) above, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company Issuer and the Guarantors may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its their obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company Issuer and the Guarantors shall use its best their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission until the earliest of: (A) the second anniversary of the Closing Date or until one year after such effective (B) the date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) upon which all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "“Shelf Registration Period"”). The Company Issuer and the Guarantors shall be deemed not to have used its best their commercially reasonable efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it they voluntarily takes take any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law, (ii) such action is law or otherwise taken by the Company Issuer and the Guarantors in good faith and for valid business reasons (not including avoidance of the Company's Issuer’s and the Guarantors’ obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of assets and (y) permitted pursuant to Section 5(j4(k)(ii) hereof, if applicable or .
(iii) The Issuer and the Guarantors shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein (in the case of the Prospectus, in the light of the circumstances under which they were made) not misleading.
Appears in 1 contract
Shelf Registration. If, (i) because of any change in law or ------------------- applicable interpretations thereof by the Commission's staff, the Company is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because the Registered Exchange Offer is not permitted as contemplated by applicable law or Commission policy or Section 2 hereof, (ii) for any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in other reason the Exchange Offer Registration Statement is not appropriate declared effective within 180 days after the Closing Date or available the Registered Exchange Offer is not consummated within 210 days after the Closing Date, (iii) the Purchaser so requests with respect to Securities (or any New Securities received pursuant to Section 2(f)) not eligible to be exchanged for such resales New Securities in a Registered Exchange Offer or, in the case that the Purchaser participates in any Registered Exchange Offer, the Purchaser does not receive freely tradable New Securities, (iv) any Holder (other than the Purchaser) is not eligible to participate in the Registered Exchange Offer or (Cv) it is a broker-dealer and owns Notes acquired directly from in the case of any such Holder that participates in the Registered Exchange Offer, such Holder does not receive freely tradable New Securities in exchange for tendered securities, other than by reason of such Holder being an affiliate of the Company or an Affiliate within the meaning of the Act (it being understood that, for purposes of this Section 43, (x) the requirement that an Initial the Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions shall apply:
(a) The Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration StatementStatement (such Securities or New Securities, as applicable, to be sold by such Holders under such Shelf Registration Statement being referred to herein as "Registration Securities"); provided, however, that that, with -------- ------- respect to Exchange Notes New Securities received by an Initial the Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company shall use its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from after the later of (x) the date of the Shelf Registration statement is declared effective by original issuance of the Commission Preferred Stock (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial the Purchaser) and (y) the last date on which any Affiliate of the Company, as applicable, was a beneficial owner of the Securities or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, law or (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 1 contract
Sources: Registration Agreement (Century Maintenance Supply Inc)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; or (ii) for any other reason the Registered Exchange Offer is not permitted by applicable law or Commission policy consummated within 180 days of the date hereof; or (iiiii) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer; or (iv) any Holder of Transfer Restricted Securities (other than an Initial Purchaser) notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, ; or (Bv) it may not resell in the Exchange Notes acquired by it case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to the public without delivering a prospectusSection 2(f) hereof, and the prospectus contained such Initial Purchaser does not receive freely tradeable New Securities in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but "; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The If requested, the Company shall as promptly as practicablepracticable (but in no event more than 60 days after so requested pursuant to this Section 3), file with the Commission and thereafter shall use its reasonable best efforts to cause to be declared effective under the Act on or prior to 220 within 120 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notesso requested, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company shall use its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period (the "Shelf Registration Period") of (A) two years from the date the Shelf Registration statement Statement is declared effective by the Commission or (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial PurchaserB) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (ix) such action is required by or advisable under applicable law, (ii) such action is taken law or otherwise undertaken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of and (y) if applicable, notice is delivered pursuant to Section 5(j4(k)(ii) hereof, if applicable or .
(iii) The Company shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein (in the case of the Prospectus, in the light of the circumstances under which they were made) not misleading.
Appears in 1 contract
Sources: Registration Rights Agreement (Synovus Financial Corp)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; or
(ii) for any other reason the Registered Exchange Offer is not permitted consummated within 360 days of the date hereof;
(iii) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by applicable law or Commission policy or it following consummation of the Registered Exchange Offer;
(iiiv) any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (Aother than an Initial Purchaser) it is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, ; or
(Bv) it may not resell in the Exchange Notes acquired by it case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to the public without delivering a prospectusSection 2(f) hereof, and the prospectus contained such Initial Purchaser does not receive freely tradeable New Securities in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but "; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The To the extent not prohibited by any applicable law or applicable interpretation of the Staff of the Commission, the Company shall as promptly as practicablepracticable (but in no event more than 60 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedPROVIDED, howeverHOWEVER, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company shall use its best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 1 contract
Sources: Registration Rights Agreement (Exelon Generation Co LLC)
Shelf Registration. If(a) If the Company receives from one or more Investors at any time after the Company is eligible to register securities on Form F-3 or Form S-3, as applicable, a request that the Company effect a registration on Form F-3 or Form S-3, as applicable (a “Shelf Registration”), with respect to all or a part of the Registrable Securities owned by such Investors, the Company will (i) within ten days of the Company is not required receipt thereof give written notice of such request to file the Exchange Offer Registration Statement nor permitted to Consummate the Registered Exchange Offer because the Registered Exchange Offer is not permitted by applicable law or Commission policy or other Investors and (ii) as soon as practicable, effect such registration and all such qualifications as are required to facilitate the sale and distribution of all or such portion of such Registrable Securities as are specified in such request, together with all or such portion of the Registrable Securities of any Holder of Transfer Restricted other Investor or Investors joining in such request. Other Investors wishing to include their Registrable Securities notifies in any Shelf Registration to be effected pursuant to this Section 3 must notify the Company in writing within 10 business days of the filing and effectiveness under the Act number of Registrable Securities owned by them that are to be included in such registration within 20 days after receipt of the Exchange Offer Registration Statement that written notice from the Company referred to above.
(Ab) it The foregoing notwithstanding, the Company shall not be obligated to effect any such registration or qualification pursuant to this Section 3: (i) if neither Form F-3 nor Form S-3 is prohibited by law or Commission policy from participating in the Registered Exchange Offer, available for such offering; (Bii) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer if Investors propose to sell Registrable Securities at an aggregate price to the public without delivering (before any underwriters’ discounts or commissions) of less than $25,000,000; (iii) if the Company shall furnish to Investors a prospectus, and certificate signed by an authorized officer of the prospectus contained Company stating that in the Exchange Offer Registration Statement good faith judgement of the Board of Directors of the Company, effecting the requested registration would adversely affect a material financing, acquisition, disposition of assets or stock, merger or other comparable transaction (or is prohibited under the terms of any such transaction) or would require the Company to make public disclosure of information the public disclosure of which would have a material adverse effect upon the Company; provided that the Company shall not appropriate delay such action pursuant to this sentence more than twice in any twelve-month period; (iv) if the Company has, within the twelve month period preceding the date of such request, already effected two registrations for any Investors pursuant to this Section 3; (v) in any particular jurisdiction in which the Company would be required to qualify to do business or available for to execute a general consent to service of process in effecting such resales registration, qualification or compliance; or (Cvi) it is during the period ending 90 days after the effective date of a broker-dealer and owns Notes acquired directly registration statement subject to Section 2 (or such longer period, not to exceed 180 days from the effective date of such registration statement, as the Company may be required to keep such registration effective pursuant to Section 4(b)).
(c) Subject to the foregoing, the Company shall file a registration statement covering the Registrable Securities so requested to be registered as soon as practicable after receipt of the request of one or an Affiliate (it being understood more Investors, that, for purposes of if permitted under the Securities Act, shall be a registration statement which is automatically effective upon filing. Registrations effected pursuant to this Section 4, 3 shall not be counted as requests for registration or registrations effected pursuant to Section 1.
(xd) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act All Registration Expenses incurred in connection with sales of Exchange Notes acquired in exchange for such Notes any Registration made pursuant to this Section 3 shall result in such Exchange Notes being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes being not "freely tradeable"), the following provisions shall apply:
(a) The Company shall as promptly as practicable, file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities paid by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration StatementCompany; provided, however, that with respect to Exchange Notes received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notes, the Company may, shall not be required to pay for any expenses of any registration proceeding begun if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company shall use its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement registration request is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed subsequently withdrawn at the request of an Initial PurchaserInvestors holding a majority of the Registrable Securities to be included in such registration (in which case the Investors participating in such offering shall bear all such expenses proportionately based on the amount of Registrable Securities each Investor requested to be included in such offering and shall not be deemed to have used one of their registration rights pursuant to this Section 3) for any reason other than a change, circumstance or event materially adversely effecting the Company unless such shorter period that will terminate when Investors agree to forfeit their rights to one such registration.
(ie) all the Transfer Restricted Securities covered by the If a Shelf Registration Statement have been sold pursuant becomes a Cutback Registration, the Company shall first reduce any securities to be included in such offering that are not Registrable Securities and thereafter include in such registration the Shelf Registration Statement, (ii) the date on which, maximum number of Registrable Securities which in the opinion of counsel the Managing Underwriter can be sold in such offering, which number shall be allocated among all participating Investors, in proportion (as nearly as practicable) to the Company, all amount of the Transfer Restricted Registrable Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases Investors requested to be outstanding any Transfer Restricted Securities (included in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodoffering.
Appears in 1 contract
Sources: Registration Rights Agreement (Aei)
Shelf Registration. If, If (i) because of any change in law or applicable interpretations thereof by the Company is Commission's staff, the Issuers determine upon advice of their outside counsel that they are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof, or (ii) for any other reason the Registered Exchange Offer is not permitted by applicable law or Commission policy consummated within 180 days of the date hereof, or (iiiii) any Purchaser so requests with respect to Securities not eligible to be exchanged for New Securities in a Registered Exchange Offer and held by it following consummation of the Registered Exchange Offer, or (iv) any Holder of Transfer Restricted Securities notifies (other than a Purchaser) shall notify the Company in writing within 10 business days that it is not eligible under applicable law to participate in the Registered Exchange Offer (other than because it has an understanding or arrangement with any person to participate in a distribution of the filing and effectiveness under New Securities) or (v) in the Act case of the Exchange Offer Registration Statement any Purchaser that (A) it is prohibited by law or Commission policy from participating participates in the Registered Exchange Offer, (B) it may such Purchaser does not resell the Exchange Notes acquired by it receive 7 -7- freely tradeable New Securities in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 43, (x) the requirement that an Initial a Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable")) or (vi) if the Company so elects; provided that any such election shall not relieve the Company of its obligations pursuant to Section 2 hereof, the following provisions shall apply:
(a) The Company Issuers shall as promptly as practicable, practicable file with the Commission and thereafter shall use its their best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedprovided that, however, that with respect to Exchange Notes New Securities received by an Initial a Purchaser in exchange for Transfer Restricted Securities securities constituting any portion of an unsold allotment of Notesallotment, the Company Issuers may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its their obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company shall use its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"); provided however that during any consecutive 365-day period, the Company shall have the option to suspend availability of the Shelf Registration Statement for up to two 30-consecutive-day periods, except for the consecutive 30-day period immediately prior to the Expiration Date, if the Company's Board of Directors determines in the exercise of its reasonable judgment that there is a valid business purpose for such suspension; provided further that if the Shelf Registration Period terminates and all the Securities or New Securities, as applicable, covered by the Shelf Registration Statement have not been sold, the Company will cause the effectiveness to be extended by the number of days during which the Registration Statement was not usable pursuant to the preceding proviso. The Company Issuers shall be deemed not to have used its their best efforts to keep the Shelf Registration Statement effective during the requisite period if it any Issuer voluntarily takes any action that would result in Holders of Transfer Restricted Securities securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, or (ii) such action is taken by the Company such Issuer in good faith and for valid business reasons (not including avoidance of the Companysuch Issuer's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company such Issuer promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 1 contract
Sources: Registration Agreement (MSX International Business Services Inc)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission’s staff, the Company determines upon advice of its outside counsel that it is not required permitted to file effect the Registered Exchange Offer as contemplated by Section 2 hereof; (ii) for any other reason the Exchange Offer Registration Statement nor permitted to Consummate or the Registered Amended Exchange Offer because Registration Statement is not declared effective by September 10, 2008 or the Registered Exchange Offer is not permitted consummated by applicable law or Commission policy or October 20, 2008; (iiiii) any Holder the Initial Purchasers determine upon advice of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer their counsel that a Shelf Registration Statement must be filed in connection with any public offering or sale of Securities that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may are not resell the Exchange Notes acquired by it eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by them following consummation of the Registered Exchange Offer; or (iv) any Holder (other than the Initial Purchasers) is not eligible to participate in the public without delivering Registered Exchange Offer or does not receive freely tradeable New Securities in the Registered Exchange Offer other than by reason of such Holder being an Affiliate of the Company (it being understood that the requirement that a prospectus, and participating Broker-Dealer deliver the prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or an Affiliate (it being understood that, for purposes of this Section 4, (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act Amended Exchange Offer Registration Statement in connection with sales of Exchange Notes acquired in exchange for such Notes shall result in such Exchange Notes being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities New Securities shall not result in such Exchange Notes New Securities being not "“freely tradeable"”), the following provisions Company and the Guarantor shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(b) If required pursuant to subsection (a) The above,
(i) the Company and the Guarantor, at their cost, shall as promptly as practicable, but in no event later than 90 days after such obligation to file arises, file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notessoon as practicable, but in no event later than October 19, 2008, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than the Initial Purchasers) shall be entitled to have the Securities or New Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an the Initial Purchaser Purchasers in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company and the Guarantor may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement or the Amended Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its their obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement or Amended Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.;
(bii) The the Company and the Guarantor shall use its their reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period the earlier of two years from (A) the date time when all of the Securities or New Securities, as applicable, covered by the Shelf Registration statement is declared effective Statement can be sold pursuant to Rule 144 without limitation by non-affiliates of the Commission Company under clause (or until one year after such effective d) of Rule 144, (B) the date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) on which all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, and (iiC) one year from the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held Shelf Registration Statement is declared effective by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Commission (in any such case, such period being called the "“Shelf Registration Period"”). The ; it being understood that the Company and the Guarantor shall be deemed not to have used its their reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period if it they voluntarily takes take any action that would result in Holders of Transfer Restricted Securities or New Securities covered thereby not being able to offer and sell such securities Securities or New Securities during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company and the Guarantor in good faith and for valid business reasons (not including avoidance of the Company's ’s and the Guarantor’ obligations hereunder), including including, but not limited to, the acquisition or divestiture of assets, so long as the Company and the Guarantor promptly thereafter complies comply with the requirements of Section 5(j5(k) hereof, if applicable or applicable; and
(iii) the Company and the Guarantor shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Securities Act and the rules and regulations of the Commission; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
Appears in 1 contract
Sources: Registration Rights Agreement (Nabors Industries LTD)
Shelf Registration. If, (i) If, because of any change in law, SEC rules or regulations or applicable interpretations thereof by the staff of the SEC, the Company and the Guarantor determine after consultation with its outside counsel that the Company or the Guarantor is not required permitted to file effect the Exchange Offer as contemplated by Section 2.1 hereof, (ii) if for any other reason (A) the Exchange Offer Registration Statement nor permitted to Consummate is not declared effective within 360 days following the Registered Exchange Offer because Closing Date or (B) the Registered Exchange Offer is not permitted by applicable law completed within 405 days after the Closing Date, (iii) if the Initial Purchaser is holding Private Exchange Securities issued with respect to Registrable Securities that were not eligible to be exchanged for Exchange Securities in the Exchange Offer or Commission policy or if the Initial Purchaser does not receive freely tradable Exchange Securities in the Exchange Offer, upon the request of the Initial Purchaser, (iiiv) upon notice of any Holder of Transfer Restricted Securities notifies (other than the Initial Purchaser) given to the Company or the Guarantor in writing within 10 business 35 days of after the filing and effectiveness under the Act commencement of the Exchange Offer Registration Statement to the effect that (A) due to a change in law or SEC policy it is prohibited by law or Commission policy from participating not entitled to participate in the Registered Exchange Offer, (B) due to a change in law or SEC policy it may not resell the Exchange Notes Securities acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, prospectus and the prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales by such Holder or (C) it is a broker-dealer and owns Notes Registrable Securities acquired directly from the Company or the Guarantor or an Affiliate “affiliate” of the Company or the Guarantor (it being understood that, for purposes of this Section 4, as such term is defined in Rule 405 under the ▇▇▇▇ ▇▇▇) or (xv) the requirement that an Initial Purchaser deliver holders of a Prospectus containing majority of the information required Exchange Securities may not resell the Exchange Securities acquired by Items 507 and/or 508 of Regulation S-K them in the Exchange Offer to the public without restriction under the 1933 Act and without restriction under applicable blue sky or state securities laws, then in connection with sales case of Exchange Notes acquired in exchange for such Notes shall result in such Exchange Notes being not "freely tradeable" but each of clauses (yi) through (v) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales Company and the Guarantor shall, if permitted under applicable law, SEC rules and regulations and applicable interpretations, thereof by the Staff of Exchange Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes being not "freely tradeable")SEC, the following provisions shall applyat their cost:
(a) The Company shall as As promptly as practicable, file with the Commission SEC, and thereafter shall use its their reasonable best efforts to cause to be declared effective under the Act on or prior to 220 as promptly as practicable but no later than 450 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the NotesClosing Date, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Registrable Securities by the Holders from time to time in accordance with the methods of distribution elected by such the Majority Holders participating in the Shelf Registration and set forth in such Shelf Registration Statement; provided, however, that with respect to Exchange Notes received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notes, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company shall use its Use their reasonable best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period until the earlier of (A) two years from the date the Shelf Registration statement Statement is declared effective by the Commission SEC, (or until one year after such effective B) the date if such Shelf Registration Statement is filed at on which the request of an Initial PurchaserRegistrable Securities become eligible for resale pursuant to Rule 144(k) or such shorter period that will terminate when any successor provision or (iC) the date on which all the Transfer Restricted Registrable Securities covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration StatementStatement or cease to be outstanding or otherwise to be Registrable Securities (the “Effectiveness Period”); provided, however, that the Effectiveness Period in respect of the Shelf Registration Statement shall be extended if and to the extent necessary to permit dealers to comply with the applicable prospectus delivery requirements of Rule 174 under the 1933 Act and as otherwise provided herein.
(c) Notwithstanding any other provisions hereof, use their reasonable best efforts to ensure that (i) any Shelf Registration Statement and any amendment thereto and any Prospectus forming part thereof and any supplement thereto complies in all material respects with the 1933 Act and the rules and regulations thereunder, (ii) the date on whichany Shelf Registration Statement and any amendment thereto does not, in the opinion of counsel to the Companywhen it becomes effective, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence contain an untrue statement of a registration statement covering such sales material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading and (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities (in Prospectus forming part of any such case, such period being called the "Shelf Registration Period"Statement, and any supplement to such Prospectus (as amended or supplemented from time to time), does not include an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading. The Company shall be deemed not and the Guarantor further agree, if necessary, to have used its best efforts to keep supplement or amend the Shelf Registration Statement effective during Statement, as required by Section 3(b) below, and to furnish to the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Registrable Securities covered thereby not copies of any such supplement or amendment as promptly as reasonably practicable after being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition used or divestiture of assets, so long as the Company promptly thereafter complies filed with the requirements of Section 5(j) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay PeriodSEC.
Appears in 1 contract
Sources: Registration Rights Agreement (BBVA International Preferred, S.A. Unipersonal)
Shelf Registration. If, (i) because of any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because the Registered Exchange Offer is not permitted as contemplated by applicable law or Commission policy Section 2 hereof, or (ii) if for any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in reason the Exchange Offer Registration Statement is not appropriate or available for such resales declared effective within 150 days following the date of original issuance of the Senior Notes, or (Ciii) if for any other reason the Registered Exchange Offer is not consummated within 180 days following the date original issuance of the Senior Notes, or (iv) if any Purchaser so requests with respect to Senior Notes held by it following consummation of the Registered Exchange Offer, or (v) if any Holder (other than a Purchaser) is a broker-dealer and owns not eligible to participate in the Registered Exchange Offer or (vi) in the case of any Purchaser that participates in the Registered Exchange Offer or acquires Exchange Notes acquired directly from the Company or pursuant to Section 2(f) hereof, such Purchaser does not receive freely tradeable Exchange Notes in exchange for Senior Notes constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 43, (x) the requirement that an Initial a Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes acquired in exchange for such Senior Notes shall result in such Exchange Notes being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange Offer in exchange for Senior Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes being not "freely tradeable"), the following provisions shall apply:
(a) The Company shall as promptly as practicable, file with the Commission and thereafter shall use its best efforts to cause (i) as promptly as practicable (but in no event more than 30 days after so required or requested pursuant to be declared effective under this Section 3) file with the Act on or prior to 220 days (plus any additional days allowed as Commission a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement shelf registration relating to the offer and sale of the Transfer Restricted Securities Senior Notes or the Exchange Notes (the "Shelf Registration Statement"), as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and as set forth in such Shelf Registration StatementStatement and in accordance with Rule 415 under the Act; provided, however, that with respect to Exchange Notes received by an Initial a Purchaser in exchange for Transfer Restricted Securities Senior Notes constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.Statement and (ii) cause the Shelf Registration Statement to be declared effective under the Act by the 180th day after the original issuance of the Senior Notes (or promptly in the event of a request by an Initial Purchaser); and
(b) The Company shall use its best efforts to keep the Shelf Registration Statement continuously effective and generally usable for resales in order to permit the Prospectus forming part thereof contained therein to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such its effective date if such Shelf Registration Statement is filed at the request of an the Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities Senior Notes or Exchange Notes, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, or (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 1 contract
Sources: Registration Agreement (Armco Inc)
Shelf Registration. If, (i) because of any change in law or applicable interpretations thereof by the Company is Commission’s staff, the Issuer and Parent determine upon advice of outside counsel that they are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because the Registered Exchange Offer is not permitted as contemplated by applicable law or Commission policy Section 2 hereof, or (ii) for any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in other reason the Exchange Offer Registration Statement is not appropriate declared effective by August 1, 2013 or available for such resales the Registered Exchange Offer is not consummated on or prior to the later of (x) August 31, 2013 and (y) 30 business days following the initial effectiveness date of the Exchange Offer Registration Statement, or (Ciii) it any Purchaser so requests with respect to Original Notes (or any New Notes received pursuant to Section 2(f)) not eligible to be exchanged for New Notes in a Registered Exchange Offer or, in the case of any Purchaser that participates in any Registered Exchange Offer, such Purchaser does not receive freely tradable New Notes, or (iv) any Holder (other than a Purchaser) is a broker-dealer not eligible to participate in the Registered Exchange Offer or (v) in the case of any such Holder that participates in the Registered Exchange Offer, such Holder does not receive freely tradable New Notes in exchange for tendered securities, other than by reason of such Holder being an affiliate of the Issuer and owns Notes acquired directly from Parent within the Company or an Affiliate meaning of the Securities Act (it being understood that, for purposes of this Section 43, (x) the requirement that an Initial a Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities Act in connection with sales of Exchange New Notes acquired in exchange for such Original Notes shall result in such Exchange New Notes being not "“freely tradeable" ” but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange New Notes acquired in the Registered Exchange Offer in exchange for Original Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange New Notes being not "“freely tradeable"”), the following provisions shall apply:
(a) The Company Issuer and Parent shall as promptly as practicablepracticable (but in no event after the later of (i) May 1, 2013 or (ii) 45 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best their commercially reasonable efforts to cause to be declared become effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission Delay Period) after the date of original issuance of the Notesas, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities Original Notes or the New Notes, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration StatementStatement (such Original Notes or New Notes, as applicable, to be sold by such Holders under such Shelf Registration Statement being referred to herein as “Registration Securities”); provided, however, that that, with respect to Exchange New Notes received by an Initial a Purchaser in exchange for Transfer Restricted Securities Original Notes constituting any portion of an unsold allotment of Notesallotment, the Company Issuer and Parent may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its their obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and Parent shall include the information required by Rule 430B(b)(2)(iii) under the Securities Act.
(b) The Company Issuer and Parent shall use its best their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years one year from the date the Shelf Registration statement Statement becomes effective or is declared effective by the Commission (or until one year after designated as such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities Original Notes or New Notes, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "“Shelf Registration Period"”). The Company Issuer and Parent shall be deemed not to have used its best their commercially reasonable efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it the Issuer or Parent voluntarily takes any action that would result in Holders of Transfer Restricted Securities securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, law or (ii) such action is taken by the Company such party in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and Parent hereunder), including the acquisition or divestiture of assets, so long as the Company Issuer and Parent promptly thereafter complies comply with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 1 contract
Sources: Registration Agreement (Level 3 Communications Inc)
Shelf Registration. If, If (i) because of any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof, or (ii) if for any other reason the Registered Exchange Offer is not permitted consummated by applicable law or Commission policy December 31, 1997, or (iiiii) any Holder of Transfer Restricted Securities notifies if the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may Initial Purchaser so requests with respect to Notes not resell the eligible to be exchanged for Exchange Notes acquired by it in the Registered Exchange Offer and held by it following consummation of the Registered Exchange offer, or (iv) if any Holder (other than the Initial Purchaser) is not eligible to the public without delivering a prospectus, and the prospectus contained participate in the Registered Exchange Offer Registration Statement is not appropriate or available for such resales or (Cv) it is a broker-dealer if the Initial Purchaser participates in the Registered Exchange Offer and owns acquires New Notes acquired directly from the Company or pursuant to Section 2(f) hereof, but such Initial Purchaser does not receive freely tradeable New Notes in exchange for Notes constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 43, (x) the requirement that an the Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange New Notes acquired in exchange for such Notes shall result in such Exchange New Notes being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange New Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange New Notes being not "freely tradeable"), the following provisions shall apply:
(a) The Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities Notes or the New Notes, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that with respect to Exchange New Notes received by an the Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company shall use its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from after the date the Shelf Registration statement is declared effective by the Commission Closing Date (or until one year after such effective date Closing Date if such Shelf Registration Statement is filed at the request of an the Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities Notes or New Notes, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration PeriodPeriod "). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, or (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including including, but not limited to, the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable.
(c) No Holder of Notes or New Notes may included any of its Notes or New Notes in any Shelf Registration Statement pursuant to this Agreement unless and until such Holder furnishes to the Company in writing, within 10 business days after receipt of a written request therefor, such information specified in Item 507 and Item 508, as applicable, of Regulation S-K under the Act or any other information required by the Act or applicable state securities laws for use in connection with any Shelf Registration Statement or Prospectus or preliminary Prospectus included therein. Each Holder as to which any Shelf Registration Statement is being effected agrees to furnish promptly to the Company all information required to be disclosed in order to make the information previously furnished to the Company by such Holder not materially misleading. No Holder of Notes or New Notes shall be entitled to Special Interest (iiias defined in the Final Memorandum) unless and until such action is taken because of any fact or circumstance giving rise Holder shall have used its best efforts to a Supplement Delay Periodprovide all such reasonably requested information.
Appears in 1 contract
Shelf Registration. If, (a) If (i) the Company is not required permitted to file the Exchange Offer Registration Statement nor permitted or to Consummate the Registered Exchange Offer because the Registered Exchange Offer is not permitted by applicable law or Commission policy or policy, (ii) prior to the 60th day preceding the Filing Date (1) any Holder of Transfer Restricted Securities notifies the Company Issuer that due to a change in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by applicable law or Commission policy from participating it is not entitled to participate in the Registered Exchange Offer, (B) offer or that it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, complying with the registration and prospectus delivery requirements of the Act and the prospectus delivery of the Prospectus contained in the Exchange Offer Registration Statement Statement, as appropriately amended, is not appropriate or a legally available for such resales alternative or (C2) any Holder notifies the Issuer that it is a broker-dealer and owns Notes (including, without limitation, Notes held by any of the Initial Purchasers that constitute any portion of an unsold allotment) acquired directly from the Company Issuer or an Affiliate of the Issuer, (iii) the Registered Exchange Offer is not Consummated within 180 days of the Filing Date, or (iv) in the case where the Initial Purchaser participates in the Registered Exchange Offer or acquires Exchange Notes pursuant to Section 2(g) hereof, the Initial Purchaser does not receive freely tradable Exchange Notes in exchange for Notes constituting any portion of an unsold allotment (it being understood that, for purposes of this Section 43, (x) the requirement that an the Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes acquired in exchange for such Transfer Restricted Notes shall result in such Exchange Notes being not "freely tradeabletradable" but and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange Offer in exchange for Transfer Restricted Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes being not "freely tradeabletradable"), the following provisions shall apply:
(ab) The Company Issuer shall as promptly as practicable, prepare and file with the Commission a Shelf Registration Statement prior to the later of (i) the Filing Date, (ii) if such Shelf Registration Statement is required pursuant to Section 3 (a) (i), (ii), or (iv), the 60th day following the Shelf Registration Trigger Date (or if such 60th day is not a Business Day, by the first Business Day thereafter) and thereafter (iii) if such Shelf Registration Statement is required pursuant to Section 3 (a) (iii), the 215th day following the Filing Date (or, if such 215th day is not a Business Day, by the first Business Day thereafter). The Issuer shall use its best efforts to cause the Shelf Registration Statement to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities by the Holders from time to time in accordance with Commission as promptly as possible following the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that with filing thereof. With respect to Exchange Notes received by an any Initial Purchaser in exchange for Transfer Restricted Securities Notes constituting any portion of an unsold allotment of Notesallotment, the Company Issuer may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its their obligations under this paragraph (ab) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, as and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bc) The Company Issuer shall use its best efforts to keep the such Shelf Registration Statement continuously effective in order to permit the Prospectus forming a part thereof to be usable by Holders for a period until the earliest of two years from (i) the 180th day following the date on which the Shelf Registration statement is Statement was declared effective by the Commission and (or until one year after ii) such effective date if such Shelf Registration Statement is filed at the request as of an Initial Purchaser) or such shorter period that will terminate when (i) which all the Transfer Restricted Securities covered by the Shelf Registration Statement Notes have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company Issuer shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities Notes covered thereby not being able to offer and sell such securities notes during that period, unless (i) such action is (x) required by applicable lawlaw or (y) pursuant to Section 3(d) hereof, (ii) such action is taken by the Company and, in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assetseither case, so long as the Company Issuer promptly thereafter complies with the requirements of Section 5(j5(k) hereof, if applicable applicable.
(d) The Issuer may suspend the use of the Prospectus for a period not to exceed 30 days in any three-month period or for three periods not to exceed an aggregate of 90 days in any twelve-month period for valid business reasons, to be determined by the Issuer in its sole reasonable judgment (iiinot including avoidance of its obligations hereunder), including, without limitation, the acquisition or divestiture of assets, public filings with the Commission, pending corporate developments and similar events; provided that the Issuer promptly thereafter complies with the requirements of Section 5(k) hereof, if applicable.
(e) No Holder of Transfer Restricted Notes may include any of its Transfer Restricted Notes in any Shelf Registration Statement pursuant to this Agreement unless and until such action Holder furnishes to the Issuer in writing, within 20 Business Days after receipt of a request therefor, such information as the Issuer may reasonably request for use in connection with any Shelf Registration Statement or Prospectus or preliminary Prospectus included therein. No Holder of Transfer Restricted Notes shall be entitled to Additional Interest pursuant to Section 4 hereof unless and until such Holder shall have used its best efforts to provide all such reasonably requested information. Each Holder as to which any Shelf Registration Statement is taken because of any fact or circumstance giving rise being effected agrees to a Supplement Delay Periodfurnish promptly to the Issuer all information required to be disclosed in order to make the information previously furnished to the Issuer by such Holder not misleading.
Appears in 1 contract
Sources: Registration Rights Agreement (Diamond Triumph Auto Glass Inc)
Shelf Registration. If, (a) If (i) due to any change in law or applicable ------------------ interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because the Registered Exchange Offer is not permitted as contemplated by applicable law or Commission policy or Section 2 hereof; (ii) for any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in other reason the Exchange Offer Registration Statement is not appropriate declared effective within 210 days of the date of original issuance of the Securities or available the Registered Exchange Offer is not consummated within 270 days of the date of original issuance of the Securities; (iii) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer or does not receive freely tradeable New Securities in the Registered Exchange Offer other than by reason of such resales Holder being an Affiliate of the Company; or (Cv) it is a broker-dealer and owns Notes acquired directly from in the Company case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but "; and (y) the requirement that an Exchanging Dealer deliver a an Exchange Offer Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company shall as promptly as practicable, file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and be governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company shall use its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). Notwithstanding the foregoing, during any 365-day period, the Company may delay filing or suspend the effectiveness of any Registration Statement or require Holders not to sell any New Securities or Securities pursuant to an effective Registration Statement for up to 3 periods (each a "Suspension Period") of up to 60 consecutive days (except for the consecutive 45-day period immediately prior to maturity of the Securities) but not more than an aggregate of 90 days during any 365-day period, if there is a possible acquisition or business combination or other transaction, business development or event involving the Company that may require disclosure in such Registration Statement and the Company determines in the exercise of its reasonable judgment that such disclosure is not in the best interests of the Company and its stockholders or if obtaining any financial statements relating to an acquisition or business combination required to be included in such Registration Statement would be impracticable. In such a case, the Company shall promptly notify any such Holder of the suspension of such Registration Statement's effectiveness or the requirement that such Holder not sell any New Securities or Securities pursuant to an effective Registration Statement; provided, that such notice shall not require the Company to disclose the possible acquisition or business combination or other transaction, business development or event if the Company determines in good faith that such acquisition or business combination or other transaction, business development or event should remain confidential. Upon the abandonment, consummation or termination of the possible acquisition or business combination or other transaction, business development or event or the availability of the required financial statements with respect to a possible acquisition or business combination, the suspension of the use of such Registration Statement pursuant to this paragraph shall cease and the Company shall promptly comply with the first paragraph of Section 5(b) hereof and notify such Holders that the use of the prospectus contained in such Registration Statement, as amended or supplemented, as applicable, may resume. The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance provide sufficient copies of the Company's obligations hereunder)latest version of such prospectus to such broker-dealers, including the acquisition or divestiture of assetspromptly upon written request, so long as the Company promptly thereafter complies with the requirements of Section 5(j) hereofand in no event later than two Business Days after such request, if applicable or (iii) at any time during such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodperiod.
Appears in 1 contract
Shelf Registration. IfFollowing the 135-day period after the Closing Date, (i) if because of any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof, or (ii) if for any other reason the Registered Exchange Offer is not permitted by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing consummated within 10 business 135 days of the filing and effectiveness under Closing Date, or (iii) if the Act Holders of the Exchange Offer Registration Statement a majority in principal amount of Securities determine in good faith that (Ax) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may they are not resell the Exchange Notes acquired by it eligible to participate in the Registered Exchange Offer to or (y) the public without delivering a prospectus, and the prospectus contained New Securities such Holders would receive in the Registered Exchange Offer Registration Statement is not appropriate or available for could only be reoffered and resold by such resales Holders upon compliance with the registration and prospectus delivery requirements of the Act or (Civ) it is a broker-dealer if the Initial Purchaser (A) participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof and owns Notes acquired directly from (B) does not receive freely tradable New Securities in exchange for Securities purchased in the Company or an Affiliate Initial Placement (it being understood that, for purposes of this Section 43, (x) the requirement that an the Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeabletradable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeabletradable"), the following provisions shall apply:
(a) The Company shall as promptly as practicable, practicable (but in no event more than 30 days after so required or requested pursuant to this Section 3) file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedStatement and Rule 415 under the Act, howeverPROVIDED, that with respect to Exchange Notes New Securities received by an the Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notespurchased in the Initial Placement, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.; and
(b) The Company shall use its best efforts to cause the Shelf Registration Statement to be declared effective under the Act within 45 days after so required or requested to file such Shelf Registration Statement pursuant to this Section 3, and shall use its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two three years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, or (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 1 contract
Sources: Registration Rights Agreement (Delta Beverage Group Inc)
Shelf Registration. If, (i) because of any change in law or in applicable interpretations thereof by the staff of the Commission, the Company is not permitted to effect an Exchange Offer, and would otherwise be required to file the effect an Exchange Offer Registration Statement nor permitted pursuant to Consummate Section 1 hereof, (ii) the Registered Exchange Offer because the Registered Exchange Offer is not permitted by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing consummated within 10 business 60 days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that Trigger Date (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in 90 days if the Exchange Offer Registration Statement is reviewed by the Commission) and, at such time, any Initial Securities are not appropriate Freely Transferable, (iii) the Initial Purchaser so requests with respect to the Initial Securities (or available the Private Exchange Securities) not eligible to be exchanged for Exchange Securities in the Exchange Offer and held by it following consummation of the Exchange Offer (and such resales Initial Securities are not otherwise Freely Transferable), (iv) any Holder (other than an Exchanging Dealer) is not eligible to participate in the Exchange Offer or, in the case of any Holder (other than an Exchanging Dealer) that participates in the Exchange Offer, such Holder does not receive Exchange Securities on the date of the exchange (and such Initial Securities are not otherwise Freely Transferable) or (Cv) it is a broker-dealer and owns Notes acquired directly from the Initial Purchaser so requests with respect to Initial Securities that constitute any portion of the Initial Purchaser’s unsold allotment that cannot be sold by the Initial Purchaser in reliance on Rule 144 of the Securities Act, the Company or an Affiliate (it being understood that, for purposes of this Section 4, (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes acquired in exchange for such Notes shall result in such Exchange Notes being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes being not "freely tradeable"), take the following provisions shall applyactions:
(a) The Company shall shall, at its cost, as promptly as practicable, practicable (but in no event more than 30 days after so required or requested pursuant to this Section 2) file with the Commission and thereafter shall use its best commercially reasonable efforts to cause to be declared effective (unless it becomes effective automatically upon filing) a registration statement (the “Shelf Registration Statement” and, together with the Exchange Offer Registration Statement, a “Registration Statement”) on an appropriate form under the Securities Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities (as defined in Section 6 hereof) by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such the Shelf Registration StatementStatement and Rule 415 under the Securities Act (hereinafter, the “Shelf Registration”); provided, however, that with respect no Holder (other than the Initial Purchaser) shall be entitled to Exchange Notes received have the Securities held by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notes, the Company may, if permitted it covered by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer such Shelf Registration Statement containing the information required unless such Holder agrees in writing to be bound by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by all the provisions herein of this Agreement applicable to, a Shelf Registration Statementto such Holder.
(b) The Company shall use its best commercially reasonable efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof prospectus included therein to be usable by Holders for a period of two years from the date the Shelf Registration statement is declared effective lawfully delivered by the Commission (or Holders of the relevant Securities until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities covered by the Shelf Registration Statement (i) have been sold pursuant to the Shelf Registration Statement, thereto or (ii) the date on which, are Freely Transferable in the opinion case of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales clauses (i) through (iv) above or (iii) can be sold in reliance on Rule 144 by the date on which there ceases to be outstanding any Transfer Restricted Securities Initial Purchaser in the case of clause (in any such case, such period being called the "Shelf Registration Period")v) above. The Company shall be deemed not to have used its best commercially reasonable efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (i) such action is required by applicable law, (ii) such action is taken as reasonably determined by the Company in its good faith judgment.
(c) Notwithstanding any other provisions of this Agreement to the contrary, the Company shall cause the Shelf Registration Statement and for valid business reasons (not including avoidance the related prospectus and any amendment or supplement thereto, as of the Company's obligations hereunder)effective date of the Shelf Registration Statement, including the acquisition amendment or divestiture of assetssupplement, so long as the Company promptly thereafter complies (i) to comply in all material respects with the applicable requirements of Section 5(jthe Securities Act and the rules and regulations of the Commission and (ii) hereof, if applicable or (iii) such action is taken because not to contain any untrue statement of any a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
Appears in 1 contract
Sources: Registration Rights Agreement (Commercial Vehicle Group, Inc.)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission's staff, either the Company or BCC determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; (ii) for any other reason the Registered Exchange Offer is not permitted by applicable law or Commission policy or consummated within 210 days after the date of original issuance of the Securities; (iiiii) any Holder of Transfer Restricted Initial Purchaser so requests with respect to Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may are not resell the Exchange Notes acquired by it eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer; (iv) any Holder (other than an Initial Purchaser) is not eligible to the public without delivering a prospectus, and the prospectus contained participate in the Registered Exchange Offer Registration Statement is or does not appropriate or available for receive freely tradeable New Securities in the Registered Exchange Offer other than by reason of such resales or (C) it is a broker-dealer and owns Notes acquired directly from Holder being an affiliate of the Company or BCC within the meaning of the Act; or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for 7 Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but "; and (y) the requirement that an Exchanging Dealer deliver a an Exchange Offer Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions Company and BCC shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company and BCC shall as promptly as practicablepracticable (but in no event more than 60 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its their reasonable best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company and BCC may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company and BCC shall use its their respective reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date of original issuance of the Shelf Registration statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) Securities or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company and BCC shall be deemed not to have used its their respective reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period if it they voluntarily takes take any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company or BCC in good faith and for valid business reasons (not including avoidance of either the Company's or BCC's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company and BCC promptly thereafter complies comply with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 1 contract
Sources: Registration Rights Agreement (Bresnan Capital Corp)
Shelf Registration. If, (i) because of any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof, or (ii) if for any other reason the Registered Exchange Offer is not permitted by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing consummated within 10 business 180 days of the filing and effectiveness under the Act date hereof, or (iii) if any Purchaser so requests with respect to Securities held by it following consummation of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, or (Biv) it may if any Holder (other than a Purchaser) is not resell the Exchange Notes acquired by it eligible to participate in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained or (v) in the case of any Purchaser that participates in the Registered Exchange Offer Registration Statement is or acquires New Securities pursuant to Section 2(f) hereof, such Purchaser does not appropriate or available receive freely tradeable New Securities in exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 43, (x) the requirement that an Initial a Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions shall apply:
(a) The Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth 7 in such Shelf Registration Statement; provided, however, that with respect to Exchange Notes New Securities received by an Initial a Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Items 507 and/or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company shall use its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, or (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including including, without limitation, the acquisition or divestiture of assets, or the Company's financing activities, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 1 contract
Shelf Registration. If, (i) because of any change in law or applicable interpretations thereof by the Company Commission's staff, the Issuer determines upon advice of outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof, or (ii) if for any other reason the Registered Exchange Offer is not permitted by applicable law or Commission policy consummated within 180 days after the date of original issuance of the Securities, or (iiiii) if any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness (other than an Initial Purchaser) is not eligible under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law U.S. state or Commission policy from participating federal securities laws to participate in the Registered Exchange Offer, Offer (Bother than because such Holder is unable or unwilling to make the representation set forth in Rider B to Annex D hereto) it may not resell the Exchange Notes or (iv) any Initial Purchaser that holds any Securities 5 constituting any portion of an unsold allotment or otherwise acquired by it such Initial Purchaser in connection with the Initial Placement (or any New Securities issued in exchange therefor in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales or (CInitial Purchaser) it is a broker-dealer and owns Notes acquired directly from the Company or an Affiliate so requests (it being understood that, for purposes of this Section 43, (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions shall apply:
(a) The Issuer and the Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best efforts take all reasonable steps to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) by the 180th day after the date of original issuance of the Notes, Securities a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Issuer and the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its their obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement; provided, further, that the Company and the Issuer shall not be required to file more than one Shelf Registration Statement pursuant to this Agreement.
(b) The Issuer and the Company shall use its best efforts take all reasonable steps to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period from the date of its effectiveness until (i) two years from the date the Shelf Registration statement is declared effective by the Commission Issue Date, (or until one year after such effective date ii) if such Shelf Registration Statement is filed at the request of an Initial Purchaser, one year from the Issue Date, or (iii) or if applicable, such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Issuer and the Company shall be deemed not to have used its best efforts taken all reasonable steps to keep the Shelf Registration Statement effective during the requisite period if it either of them voluntarily takes any action that would result in Holders of Transfer Restricted Securities securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, or (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Issuer's or the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Issuer and the Company promptly thereafter complies comply with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 1 contract
Sources: Registration Rights Agreement (PTC International Finance Holding B V)
Shelf Registration. If, (a) If (i) due to any change in law or ------------------ applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because the Registered Exchange Offer is not permitted as contemplated by applicable law or Commission policy or Section 2 hereof; (ii) for any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in other reason the Exchange Offer Registration Statement is not appropriate declared effective within 165 days of the date of original issuance of the Securities or available the Registered Exchange Offer is not consummated within 45 days after the date the Exchange Offer Registration Statement is declared effective under the Act; (iii) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the Registered Exchange Offer or does not receive freely tradeable New Securities in the Registered Exchange Offer other than by reason of such resales Holder being an Affiliate of the Company; or (Cv) it is a broker-dealer and owns Notes acquired directly from in the Company case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but "; and (y) the requirement that an Exchanging Dealer deliver a an Exchange Offer Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, -------- ------- that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New -------- ------- Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company shall use its best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 1 contract
Sources: Registration Rights Agreement (Vintage Petroleum Inc)
Shelf Registration. If, (i) because of any change in law or applicable interpretations thereof by the Company is Commission’s staff, Financing and Parent determine upon advice of outside counsel that they are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because the Registered Exchange Offer is not permitted as contemplated by applicable law or Commission policy Section 2 hereof, or (ii) for any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in other reason the Exchange Offer Registration Statement is not appropriate declared effective by June 30, 2011, 2012 or available for such resales the Registered Exchange Offer is not consummated on or prior to the later of (x) July 30, 2012 and (y) 30 business days following the initial effectiveness date of the Exchange Offer Registration Statement, or (Ciii) it any Purchaser so requests with respect to Original Notes (or any New Notes received pursuant to Section 2(f)) not eligible to be exchanged for New Notes in a Registered Exchange Offer or, in the case of any Purchaser that participates in any Registered Exchange Offer, such Purchaser does not receive freely tradable New Notes, or (iv) any Holder (other than a Purchaser) is a broker-dealer not eligible to participate in the Registered Exchange Offer or (v) in the case of any such Holder that participates in the Registered Exchange Offer, such Holder does not receive freely tradable New Notes in exchange for tendered securities, other than by reason of such Holder being an affiliate of Financing and owns Notes acquired directly from Parent within the Company or an Affiliate meaning of the Securities Act (it being understood that, for purposes of this Section 43, (x) the requirement that an Initial a Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities Act in connection with sales of Exchange New Notes acquired in exchange for such Original Notes shall result in such Exchange New Notes being not "“freely tradeable" ” but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange New Notes acquired in the Registered Exchange Offer in exchange for Original Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange New Notes being not "“freely tradeable"”), the following provisions shall apply:
(a) The Company Financing and Parent shall as promptly as practicablepracticable (but in no event more than the later of (i) April 1, 2012 or (ii) 45 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best their commercially reasonable efforts to cause to be declared become effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission Delay Period) after the date of original issuance of the Notesas, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities Original Notes or the New Notes, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration StatementStatement (such Original Notes or New Notes, as applicable, to be sold by such Holders under such Shelf Registration Statement being referred to herein as “Registration Securities”); provided, however, that that, with respect to Exchange New Notes received by an Initial a Purchaser in exchange for Transfer Restricted Securities Original Notes constituting any portion of an unsold allotment of Notesallotment, the Company Financing and Parent may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its their obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), Financing and Parent shall include the information required by Rule 430B(b)(2)(iii) under the Securities Act.
(b) The Company Financing and Parent shall use its best their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement becomes effective or is declared effective by the Commission (or until one year after designated as such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities Original Notes or New Notes, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "“Shelf Registration Period"”). The Company Financing and Parent shall be deemed not to have used its best their commercially reasonable efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it Financing or Parent voluntarily takes any action that would result in Holders of Transfer Restricted Securities securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, law or (ii) such action is taken by the Company such party in good faith and for valid business reasons (not including avoidance of the Company's obligations of Financing and Parent hereunder), including the acquisition or divestiture of assets, so long as the Company Financing and Parent promptly thereafter complies comply with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 1 contract
Sources: Registration Agreement (Level 3 Communications Inc)
Shelf Registration. If, If (i) the Company is not required to file the Exchange Offer Registration Statement nor permitted to Consummate the Issuer determines upon advice of outside counsel that a Registered Exchange Offer as contemplated by Section 2 hereof may not be completed as soon as practicable after the last date for acceptance of Original Notes for exchange because it would violate any applicable law or applicable interpretations of the Commission’s staff, or (ii) for any other reason the Registered Exchange Offer is not permitted by applicable law consummated on or Commission policy prior to the Target Registration Date, or (iiiii) any Purchaser so requests with respect to Original Notes not eligible to be exchanged for New Notes in a Registered Exchange Offer (or any New Notes received pursuant to Section 2(g)) or, in the case of any Purchaser that participates in any Registered Exchange Offer, such Purchaser does not receive freely tradable New Notes, or (iv) any Holder of Transfer Restricted Securities notifies (other than a Purchaser) is not eligible to participate in the Company in writing within 10 business days of the filing and effectiveness under the Act of the Registered Exchange Offer Registration Statement or (v) in the case of any such Holder that (A) it is prohibited by law or Commission policy from participating participates in the Registered Exchange Offer, (B) it may such Holder does not resell receive freely tradable New Notes in exchange for tendered Original Notes, other than by reason of such Holder being an affiliate of the Exchange Notes acquired by it in Issuer within the Registered Exchange Offer to meaning of the public without delivering a prospectus, and the prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or an Affiliate Securities Act (it being understood that, for purposes of this Section 43, (x1) the requirement that an Initial a Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities Act in connection with sales of Exchange New Notes acquired in exchange for such Original Notes shall result in such Exchange New Notes being not "“freely tradeable" ,” but (y2) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange New Notes acquired in the Registered Exchange Offer in exchange for Original Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange New Notes being not "“freely tradeable"”), the following provisions shall apply:
(a) The Company Issuer shall as promptly as practicable, practicable file with the Commission and thereafter shall use its reasonable best efforts to cause to be declared become effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission Delay Period) after the date of original issuance of the Notesas, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities applicable Registrable Securities, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that that, with respect to Exchange New Notes received by an Initial a Purchaser in exchange for Transfer Restricted Securities Original Notes constituting any portion of an unsold allotment of Notesallotment, the Company Issuer may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer shall include therein the information required by Rule 430B(b)(2)(iii) under the Securities Act.
(b) The Company Issuer shall use its reasonable best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from until the date the Shelf Registration statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities Notes covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases cease to be outstanding any Transfer Restricted Registrable Securities (in any such case, such period being called the "“Shelf Registration Period"”). The Company Issuer shall be deemed not to have used its reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it the Issuer voluntarily takes any action that would result in Holders of Transfer Restricted Securities securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, law or (ii) such action is taken by the Company such party in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer hereunder), including the acquisition or divestiture of assets, so long as the Company Issuer promptly thereafter complies with the requirements of Section 5(j5(k) hereof, if applicable applicable.
(c) The Issuer shall be entitled to suspend its obligation to file any amendment to a Shelf Registration Statement, furnish any supplement or amendment to a Prospectus included in a Shelf Registration Statement or any free writing prospectus, make any other filing with the Securities and Exchange Commission that would be incorporated by reference into a Shelf Registration Statement, cause a Shelf Registration Statement to remain effective or the Prospectus or any free writing prospectus usable or take any similar action (iiicollectively, “Suspension Actions”) if there is a possible acquisition, disposition or business combination or other transaction, business development or event involving the Issuer or its subsidiaries that may require disclosure in the Shelf Registration Statement or Prospectus and the Issuer determines that such action disclosure is taken because not in the best interest of the Issuer and its stockholders or obtaining any financial statements relating to any such acquisition or business combination required to be included in the Shelf Registration Statement or Prospectus would be impracticable. Upon the occurrence of any fact of the conditions described in the foregoing sentence, the Issuer shall give prompt notice of the delay or circumstance giving rise suspension (but not the basis thereof) to a Supplement Delay Periodthe Holders. Upon the termination or disclosure of such condition, the Issuer shall promptly proceed with all Suspension Actions that were delayed or suspended and, if required, shall give prompt notice to the Holders of the cessation of the delay or suspension (but not the basis thereof).
Appears in 1 contract
Sources: Registration Rights Agreement (Jackson Financial Inc.)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Company is Commission or its staff, the Co-Issuers determine upon advice of their outside counsel that they are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; (ii) the Registered Exchange Offer is not permitted by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing consummated within 10 business 40 days of the filing and date of the effectiveness under the Act of the Exchange Offer Registration Statement that Statement; (iii) prior to the 20th day following consummation of the Registered Exchange Offer (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may any Initial Purchaser so requests with respect to Notes that are not resell the Exchange eligible to be exchanged for New Notes acquired by it in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer or (B) any Holder (other than an Initial Purchaser) is not eligible to the public without delivering a prospectus, and the prospectus contained participate in the Registered Exchange Offer Registration Statement is not appropriate or available for (other than by reason of such resales Holder being an Affiliate of either of the Co-Issuers); or (Civ) it is a broker-dealer and owns in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Notes acquired directly from the Company or pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Notes in exchange for Notes constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities Act in connection with sales of Exchange New Notes acquired in exchange for such Notes shall result in such Exchange New Notes being not "“freely tradeable" but ”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange New Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange New Notes being not "“freely tradeable"”), the following provisions Co-Issuers shall apply:effect, at their cost, a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company Co-Issuers shall as promptly as practicablepracticable (but in no event prior to the earlier to occur of the 30th day following the filing date of Dollarama Group L.P.’s annual report on Form 10-K for the fiscal year ending January 31, 2007 and 180 days following the Issue Date), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities Notes or the New Notes, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Notes held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange New Notes received by an Initial Purchaser in exchange for Transfer Restricted Securities Notes constituting any portion of an unsold allotment of Notesallotment, the Company Co-Issuers may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its their obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company Subject to Section 4(c), the Co-Issuers shall use its their respective best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Securities Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years (the “Shelf Registration Period”) from the date the Shelf Registration statement Statement is declared effective by the Commission until the earliest of (A) two years from the Issue Date (or until one year after such from the effective date of the Shelf Registration Statement if such the Shelf Registration Statement is filed at the request of an the Initial PurchaserPurchasers), (B) or such shorter period that will terminate when (i) the date upon which all the Transfer Restricted Securities Notes, covered by the Shelf Registration Statement have been sold or distributed pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales Statement or (iiiC) the date on which there ceases to be outstanding any Transfer Restricted Securities (all the Notes are disposed of in any such case, such period being called the "Shelf Registration Period")accordance herewith. The Company Co-Issuers shall be deemed not to have used its their respective reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it they voluntarily takes take any action that would result in Holders of Transfer Restricted Securities Notes covered thereby not being able to offer and sell such securities Notes at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law, (ii) such action is taken law or otherwise undertaken by the Company Co-Issuers in good faith and for valid business reasons (not including avoidance of the Company's Co-Issuers’ obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of and (y) permitted pursuant to Section 5(j4(j)(ii) hereof, if applicable or .
(iii) The Co-Issuers shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Securities Act; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein (in the case of the Prospectus, in the light of the circumstances under which they were made) not misleading (it being understood that the Co-Issuers shall not be responsible for any information provided by or on behalf of Holders).
Appears in 1 contract
Sources: Registration Rights Agreement (Dollarama Group Holdings CORP)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission’s staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because the Registered Exchange Offer is not permitted as contemplated by applicable law or Commission policy or Section 2 hereof; (ii) for any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in other reason the Exchange Offer Registration Statement is not appropriate declared effective within 180 days of the date of original issuance of the Securities or available the Registered Exchange Offer is not consummated within 210 days of the date of original issuance of the Securities; (iii) any Initial Purchaser so requests within 45 days of consummation of the Registered Exchange Offer with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer; (iv) any Holder (other than an Initial Purchaser) so requests within 45 days of consummation of the Registered Exchange Offer on the basis that such resales Holder was not eligible to participate in the Registered Exchange Offer or (C) it is a broker-dealer and owns Notes acquired directly from does not receive freely tradeable New Securities in the Registered Exchange Offer other than by reason of such Holder being an Affiliate of the Company or an Affiliate (it being understood thatthat a requirement to deliver a Prospectus in connection with market-making activities or other trading shall not result in the applicable securities not being “freely tradeable”); or (v) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for purposes Securities constituting any portion of this Section 4, an unsold allotment (it being understood that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "“freely tradeable" but ”; and (y) the requirement that an Exchanging Dealer deliver a an Exchange Offer Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "“freely tradeable"”), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company shall as promptly as practicablepracticable (but in no event more than 60 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best efforts to cause to be declared become effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement Statement, or shall, if permitted by Rule 430B under the Act, otherwise designate an existing effective filing with the Commission for use by the Holders as a Shelf Registration Statement, relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company shall use its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) Closing Date or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "“Shelf Registration Period"”). The Company shall be deemed not to have used its reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's ’s obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable applicable. The Company is expressly permitted to suspend the effectiveness of the Shelf Registration Statement in good faith in connection with the acquisition or (iiidivestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 4(k) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodhereof, if applicable.
Appears in 1 contract
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required permitted to file effect the Registered Exchange Offer as contemplated by Section 2 hereof; or (ii) for any other reason the Exchange Offer Registration Statement nor permitted to Consummate is not declared effective by the Registered Exchange Offer because Commission under the Act within 360 days of the date of the sale of the Securities or the Registered Exchange Offer is not permitted by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing consummated within 10 business days 30 Business Days of the filing and date of the effectiveness under the Act of the Exchange Offer Registration Statement Statement; (iii) any Initial Purchaser so requests with respect to Securities that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may are not resell the Exchange Notes acquired by it eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the public without delivering Registered Exchange Offer or does not receive freely tradable New Securities in the Registered Exchange Offer (it being understood that the requirement that a prospectus, and participating Broker-Dealer deliver the prospectus contained in the Exchange Offer Registration Statement is in connection with sales of New Securities shall not appropriate or available for result in such resales New Securities being not "freely tradable"); or (Cv) it is a broker-dealer and owns Notes acquired directly from in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment, other than by reason of such Holder being an Affiliate of the Company or an Affiliate (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall not result in such Exchange Notes New Securities being not "freely tradeable" but "; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions Company and the Guarantors shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company and the Guarantors shall as promptly as practicablepracticable (but in no event more than 90 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its their respective reasonable best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company and the Guarantors may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its their obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company and the Guarantors shall use its their respective reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years 180 days from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration PeriodSHELF REGISTRATION PERIOD"). The Company and the Guarantors shall be deemed not to have used its their respective reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period if it they voluntarily takes take any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company and the Guarantors in good faith and for valid business reasons (not including avoidance of the Company's Company and the Guarantors' obligations hereunder), including the acquisition or divestiture of assetsassets (to the extent permitted by the terms of the Indenture), so long as the Company and the Guarantors promptly thereafter complies comply with the requirements of Section 5(j5(k) hereof, if applicable or applicable.
(iii) The Company and the Guarantors shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
Appears in 1 contract
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; (ii) for any other reason the Registered Exchange Offer is not permitted by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing consummated within 10 business 225 days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement Closing Date; (iii) any Initial Purchaser so requests with respect to Securities that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may are not resell the Exchange Notes acquired by it eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer; (iv) any Holder (other than an Initial Purchaser) is not eligible to the public without delivering a prospectus, and the prospectus contained participate in the Registered Exchange Offer Registration Statement is not appropriate due to applicable law or available for such resales applicable interpretation of the Commission; or (Cv) it is a broker-dealer and owns Notes acquired directly from in the Company case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable;" but and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission Commission, and shall thereafter shall use its reasonable best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the NotesAct, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company shall use its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years (the "Shelf Registration Period") from the date the Shelf Registration statement Statement is declared effective by the Commission until the earlier of (A) the second anniversary of the Closing Date or until one year after such effective (B) the date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) upon which all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law, (ii) such action is taken law or otherwise undertaken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of and (y) permitted pursuant to Section 5(j4(k)(ii) hereof, if applicable or .
(iii) The Company shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act; and (B) not to contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein (in the case of the Prospectus, in the light of the circumstances under which they were made) not misleading, other than information included therein or omitted therefrom in reliance upon, or in conformity with, written information furnished to the Company by or on behalf of any fact or circumstance giving rise to a Supplement Delay PeriodHolder specifically for use therein.
Appears in 1 contract
Shelf Registration. If, (i) because of any change in law or applicable interpretations thereof by the Company is Commission’s staff, the Issuer and Parent determine upon advice of outside counsel that they are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because the Registered Exchange Offer is not permitted as contemplated by applicable law or Commission policy Section 2 hereof, or (ii) for any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in other reason the Exchange Offer Registration Statement is not appropriate declared effective by October 17, 2010 or available for such resales the Registered Exchange Offer is not consummated on or prior to the later of (x) November 16, 2010 and (y) 30 business days following the initial effectiveness date of the Exchange Offer Registration Statement, or (Ciii) it any Purchaser so requests with respect to Original Notes (or any New Notes received pursuant to Section 2(f)) not eligible to be exchanged for New Notes in a Registered Exchange Offer or, in the case of any Purchaser that participates in any Registered Exchange Offer, such Purchaser does not receive freely tradable New Notes, or (iv) any Holder (other than a Purchaser) is a broker-dealer not eligible to participate in the Registered Exchange Offer or (v) in the case of any such Holder that participates in the Registered Exchange Offer, such Holder does not receive freely tradable New Notes in exchange for tendered securities, other than by reason of such Holder being an affiliate of the Issuer and owns Notes acquired directly from Parent within the Company or an Affiliate meaning of the Securities Act (it being understood that, for purposes of this Section 43, (x) the requirement that an Initial a Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities Act in connection with sales of Exchange New Notes acquired in exchange for such Original Notes shall result in such Exchange New Notes being not "“freely tradeable" ” but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange New Notes acquired in the Registered Exchange Offer in exchange for Original Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange New Notes being not "“freely tradeable"”), the following provisions shall apply:
(a) The Company Issuer and Parent shall as promptly as practicablepracticable (but in no event more than the later of (i) July 19, 2010 or (ii) 45 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best their commercially reasonable efforts to cause to be declared become effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission Delay Period) after the date of original issuance of the Notesas, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities Original Notes or the New Notes, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration StatementStatement (such Original Notes or New Notes, as applicable, to be sold by such Holders under such Shelf Registration Statement being referred to herein as “Registration Securities”); provided, however, that that, with respect to Exchange New Notes received by an Initial a Purchaser in exchange for Transfer Restricted Securities Original Notes constituting any portion of an unsold allotment of Notesallotment, the Company Issuer and Parent may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its their obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and Parent shall include the information required by Rule 430B(b)(2)(iii) under the Securities Act.
(b) The Company Issuer and Parent shall use its best their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement becomes effective or is declared effective by the Commission (or until one year after designated as such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities Original Notes or New Notes, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "“Shelf Registration Period"”). The Company Issuer and Parent shall be deemed not to have used its best their commercially reasonable efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it the Issuer or Parent voluntarily takes any action that would result in Holders of Transfer Restricted Securities securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, law or (ii) such action is taken by the Company such party in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and Parent hereunder), including the acquisition or divestiture of assets, so long as the Company Issuer and Parent promptly thereafter complies comply with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 1 contract
Sources: Registration Agreement (Level 3 Communications Inc)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; or (ii) for any other reason the Registered Exchange Offer is not permitted by applicable law or Commission policy consummated within 210 days of the date hereof; or (iiiii) the Initial Purchaser so requests, within 20 days after the consummation of the Registered Exchange Offer, with respect to Notes that are not eligible to be exchanged for New Notes in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer; or (iv) any Holder of Transfer Restricted Securities (other than the Initial Purchaser) who notifies the Company in writing within 10 business 20 days after the consummation of the filing and effectiveness under Registered Exchange Offer that it is not eligible to participate in the Act Registered Exchange Offer so requests; or (v) in the case of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from Initial Purchaser participating in the Registered Exchange Offer, (B) it may the Initial Purchaser does not resell the Exchange receive freely tradeable New Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an the Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities Act in connection with sales of Exchange New Notes acquired in exchange for such Notes shall not result in such Exchange New Notes being not "freely tradeable" but "; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange New Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange New Notes being not "freely tradeable"), the following provisions Company and the Guarantor shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company and the Guarantor shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Securities Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities Notes or the New Notes, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than the Initial Purchaser) shall be entitled to have the Notes held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange New Notes received by an the Initial Purchaser in exchange for Transfer Restricted Securities Notes constituting any portion of an unsold allotment of Notesallotment, the Company and the Guarantor may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company and the Guarantor shall use its their best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Securities Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities Notes or New Notes, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company and the Guarantor shall be deemed not to have used its their best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities Notes covered thereby not being able to offer and sell such securities Notes during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company and the Guarantor in good faith and for valid business reasons (not including avoidance of the Company's and the Guarantor's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company and the Guarantor promptly thereafter complies comply with the requirements of Section 5(j4(k) hereof, if applicable or applicable.
(iii) The Company shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Securities Act and the rules and regulations of the Commission; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
Appears in 1 contract
Sources: Registration Rights Agreement (Harrahs Entertainment Inc)
Shelf Registration. If, (i) because of any change in law or ------------------- applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because the Registered Exchange Offer is not permitted as contemplated by applicable law or Commission policy Section 2 hereof, or (ii) for any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in other reason the Exchange Offer Registration Statement is not appropriate declared effective within 150 days after the Closing Date or available for such resales the Registered Exchange Offer is not consummated within 180 days after the Closing Date, or (Ciii) it any Purchaser so requests with respect to Securities (or any New Securities received pursuant to Section 2(f)) not eligible to be exchanged for New Securities in a Registered Exchange Offer or, in the case of any Purchaser that participates in any Registered Exchange Offer, such Purchaser does not receive freely tradable New Securities, or (iv) any Holder (other than a Purchaser) is a broker-dealer and owns Notes acquired directly from not eligible to participate in the Registered Exchange Offer or (v) in the case of any such Holder that participates in the Registered Exchange Offer, such Holder does not receive freely tradable New Securities in exchange for tendered securities, other than by reason of such Holder being an affiliate of the Company or an Affiliate within the meaning of the Securities Act (it being understood that, for purposes of this Section 43, (x) the requirement that an Initial a Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions shall apply:
(a) The Company shall as promptly as practicablepracticable (but in no event more than the later of (i) 90 days after the Closing Date or (ii) 45 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Securities Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration StatementStatement (such Securities or New Securities, as applicable, to be sold by such Holders under such Shelf Registration Statement being referred to herein as "Registration Securities"); provided, however, that that, with respect to Exchange Notes New Securities received by an Initial a Purchaser -------- ------- in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company shall use its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, law or (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations obligation hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 1 contract
Sources: Registration Agreement (Level 3 Communications Inc)
Shelf Registration. If, If (i) because of any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because the Registered Exchange Offer is not permitted as contemplated by applicable law or Commission policy Section 2 hereof, or (ii) for any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in other reason the Exchange Offer Registration Statement is not appropriate declared effective within 150 days after the Closing Date or available for such resales the Registered Exchange Offer is not consummated within 180 days after the Closing Date, or (Ciii) it if any Initial Purchaser so requests with respect to Securities (or any New Securities received pursuant to Section 2(f)) not eligible to be exchanged for New Securities in a Registered Exchange Offer or, in the case of any Initial Purchaser that participates in any Registered Exchange Offer, such Initial Purchaser does not receive freely tradeable New Securities, or (iv) if any Holder (other than an Initial Purchaser) is a broker-dealer and owns Notes acquired directly from not eligible to participate in the Registered Exchange Offer or such Holder does not receive freely tradeable New Securities in the Registered Exchange Offer other than by reason of such Holder being an affiliate of the Company or an Affiliate (it being understood that, for purposes of this Section 43, (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), or (v) any applicable law or interpretations do not permit any Holder of Securities to participate in the Registered Exchange Offer, or (vi) the Company so elects, the following provisions shall apply:
(a) The Company shall as promptly as practicable, practicable (but in no event more than 30 days after so required or requested pursuant to this Section 3) file with the Commission and thereafter shall use its reasonable best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) promptly as practicable after the date of original issuance of the Notesfiling thereof, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company shall use its reasonable best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from after the date the Shelf Registration statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) Closing Date or such shorter period that will terminate when (i) all the Transfer Restricted Securities covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Transfer Restricted Securities during that period, unless (i) such action is required by applicable law, or (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable or (iiiapplicable. For so long as any Transfer Restricted Securities are outstanding, the Company will continue to provide to holders of the Securities and to prospective purchasers of the Securities the information required by Rule 144A(d)(4) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodunder the Securities Act.
Appears in 1 contract
Shelf Registration. If, (i) because of any change in law or applicable interpretations thereof by the Company Commission's staff, the Issuer determines that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 1 hereof, (ii) for any other reason the Registered Exchange Offer is not permitted consummated by applicable law the 210th day after the Closing Date (or, if such day is not a business day, the first business day thereafter) (June 4, 1999, assuming the Closing Date is November 6, 1998), (iii) any Initial Purchaser so requests with respect to the Notes (or Commission policy or Private Exchange Notes) held by it following consummation of the Registered Exchange Offer, (iiiv) any Holder of Transfer Restricted Securities notifies (other than an Exchanging Dealer) is not eligible to participate in the Company in writing within 10 business days of the filing and effectiveness under the Act of the Registered Exchange Offer Registration Statement or, in the case of any Holder (other than an Exchanging Dealer) or Initial Purchaser that (A) it is prohibited by law or Commission policy from participating participates in the Registered Exchange Offer, (B) it may such Holder or Initial Purchaser does not resell the receive freely tradeable Exchange Notes acquired by it in exchange for the exchanged Notes (in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales or (Ccase of an Initial Purchaser constituting any portion of an unsold allotment) it is a broker-dealer and owns Notes acquired directly from the Company or an Affiliate (it being understood that, for purposes of this Section 4, (x) that the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act prospectus in connection with sales of Exchange Notes acquired in exchange for such Notes shall result in such Exchange Notes being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange Offer in exchange for the Notes acquired as a result of market-making activities or other trading activities activities, shall not result in such Exchange Notes not being not "freely tradeable")" for purposes of this Section 2) or (v) if the Issuer so elects, the following provisions shall apply:
(a) The Company shall Issuer shall, at its cost, as promptly as practicable, practicable file with the Commission and thereafter shall use its best efforts to cause to be declared effective a shelf registration statement on an appropriate form under the 1933 Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities Notes by the Holders or the Exchange Notes or the Private Exchange Notes by the Initial Purchasers, as applicable, from time to time in accordance with the methods of distribution elected by such Holders or the Initial Purchasers, as applicable, and set forth in such registration statement (hereafter, a "Shelf Registration Statement; provided" and, however, that together with respect to Exchange Notes received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notes, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf "Registration Statement").
(b) The Company Issuer shall use its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus prospectus forming part thereof to be usable by Holders or the Initial Purchasers, as applicable, for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities Notes covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on whichStatement or when, in the opinion of outside counsel to the CompanyIssuer, which is reasonably satisfactory in form and substance to counsel for the Initial Purchasers, all of the Transfer Restricted Securities then held by the Holders such Notes may be sold by such Holders in without registration under the public United States securities markets in 1933 Act and unlegended certificates representing the absence of a registration statement covering such sales or (iii) Securities may be given to the date on which there ceases to be outstanding any Transfer Restricted Securities holders thereof (in any such case, such period being called the "Shelf Registration Period"). The Company Issuer shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it Revlon voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (i) such action is required by applicable law, or (ii) such action is taken by the Company Revlon in good faith and for valid business reasons (not including avoidance of the CompanyRevlon's obligations hereunder), including including, but not limited to, the acquisition or divestiture of assets, so long as the Company Issuer promptly thereafter complies with the requirements of Section 5(j3(j) hereof, if applicable applicable.
(c) Notwithstanding any other provisions hereof, the Issuer shall ensure that (i) any Shelf Registration Statement and any amendment thereto and any prospectus forming part thereof and any supplement thereto complies in all material respects with the 1933 Act and the rules and regulations thereunder, (ii) any Shelf Registration Statement and any amendment thereto does not, when it becomes effective, 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 and (iii) such action is taken because any prospectus forming part of any Shelf Registration Statement, and any supplement to such prospectus, does not include an untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact necessary in order to make the statements, in the light of the circumstances under which they were made, not misleading.
Appears in 1 contract
Sources: Registration Agreement (Revlon Consumer Products Corp)
Shelf Registration. If, (i) because of any change in law or applicable interpretations thereof by the Commission’s staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because the Registered Exchange Offer is not permitted as contemplated by applicable law or Commission policy Section 2 hereof, or (ii) for any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in other reason the Exchange Offer Registration Statement is not appropriate declared effective within 210 days after the Closing Date or available for such resales the Registered Exchange Offer is not consummated within 30 business days after the Exchange Offer Registration Statement is declared effective, or (Ciii) it any Holder is a broker-dealer and owns Notes acquired directly from not eligible to participate in the Registered Exchange Offer or (iv) in the case of any such Holder that participates in the Registered Exchange Offer, such Holder does not receive freely tradable New Securities in exchange for tendered securities, other than by reason of such Holder being an affiliate of the Company or an Affiliate within the meaning of the Securities Act (it being understood that, for purposes of this Section 43, (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes acquired in exchange for such Notes shall result in such Exchange Notes being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-market making activities or other trading activities shall not result in such Exchange Notes New Securities being not "“freely tradeable"”), the following provisions shall apply:
(a) The Company shall as promptly as practicablepracticable (but in no event later than 30 days after (i) making the determination referred to in clause (i) of the preceding paragraph, (ii) the dates specified in clause (ii) of the preceding paragraph or (iii) being notified or determining that a Holder is not able to participate in the Registered Exchange Offer or will or did not receive freely tradeable New Securities as described in clause (iii) or (iv) of the preceding paragraph), file with the Commission and thereafter shall use its reasonable best efforts to cause to be declared effective within 90 days under the Securities Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that with respect to Exchange Notes received by an Initial Purchaser in exchange for Transfer Restricted Statement (such Securities constituting any portion of an unsold allotment of Notes, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508or New Securities, as applicable, in satisfaction of its obligations to be sold by such Holders under this paragraph (a) with respect theretosuch Shelf Registration Statement being referred to herein as “Registration Securities”), and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company shall use its reasonable best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "“Shelf Registration Period"”). The Company shall be deemed not to have used its reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, law or (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations ’s obligation hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 1 contract
Sources: Registration Agreement (Level 3 Communications Inc)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Company is Commission’s staff, the Issuers determines upon advice of their outside counsel that they are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; or (ii) for any other reason the Registered Exchange Offer is not permitted consummated within 240 days of the date hereof; (iii) the Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by applicable law or Commission policy or it following consummation of the Registered Exchange Offer; (iiiv) any Holder of Transfer Restricted Securities notifies (other than the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (AInitial Purchaser) it is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, ; or (Bv) it may not resell in the Exchange Notes acquired by it case of the Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, the public without delivering a prospectus, and the prospectus contained Initial Purchaser does not receive freely tradeable New Securities in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an the Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "“freely tradeable" but ”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "“freely tradeable"”), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company Issuers shall as promptly as practicablepracticable (but in no event more than 45 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best their respective commercially reasonable efforts to cause to be declared effective under the Act on within 180 days after so required or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notesrequested, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than the Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided, further, that with respect to Exchange Notes New Securities received by an the Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company Issuers may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company Issuers shall use its best their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years the “Shelf Registration Period”) from the date the Shelf Registration statement Statement is declared effective by the Commission until (A) the second anniversary thereof or until one year after such effective (B) the date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) upon which all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities (in any such case, such period being called the "Shelf Registration Period"). The Company Issuers shall be deemed not to have used its best their commercially reasonable efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it any Issuer voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law, (ii) such action is taken law or otherwise undertaken by the Company Issuers in good faith and for valid business reasons (not including avoidance of the Company's Issuer’s obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of and (y) permitted pursuant to Section 5(j4(k)(ii) hereof, if applicable or .
(iii) The Issuers shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein (in the case of the Prospectus, in the light of the circumstances under which they were made) not misleading.
Appears in 1 contract
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; or (ii) for any other reason the Registered Exchange Offer is not permitted consummated within 180 days of the date hereof; (iii) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by applicable law or Commission policy or it following consummation of the Registered Exchange Offer; (iiiv) any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (Aother than an Initial Purchaser) it is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, ; or (Bv) it may not resell in the Exchange Notes acquired by it case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to the public without delivering a prospectusSection 2(f) hereof, and the prospectus contained such Initial Purchaser does not receive freely tradable New Securities in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but tradable"; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeabletradable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company shall as promptly as practicablepracticable (but in no event more than 90 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its reasonable best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedPROVIDED, howeverHOWEVER, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and PROVIDED FURTHER, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company shall use its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration PeriodSHELF REGISTRATION PERIOD"). The Company shall be deemed not to have used its reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable or applicable.
(iii) The Company shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Securities Act and the rules and regulations of the Commission; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
Appears in 1 contract
Sources: Registration Rights Agreement (Marsh & McLennan Companies Inc)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Company is Commission or its staff, the Co-Issuers and the Guarantors determine upon advice of their outside counsel that they are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; (ii) the Registered Exchange Offer is not permitted by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing consummated within 10 business 40 days of the filing and date of the effectiveness under the Act of the Exchange Offer Registration Statement that Statement; (iii) prior to the 20th day following consummation of the Registered Exchange Offer (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may any Initial Purchaser so requests with respect to Securities that are not resell the Exchange Notes acquired by it eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer or (B) any Holder (other than an Initial Purchaser) is not eligible to the public without delivering a prospectus, and the prospectus contained participate in the Registered Exchange Offer Registration Statement is not appropriate or available for (other than by reason of such resales Holder being an Affiliate of either of the Co-Issuers); or (Civ) it is a broker-dealer and owns Notes acquired directly from in the Company case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "“freely tradeable" but ”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "“freely tradeable"”), the following provisions Co-Issuers and the Guarantors shall apply:effect, at their cost, a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company Co-Issuers and the Guarantors shall as promptly as practicablepracticable (but in no event prior to the 30th day following delivery from the Co-Issuers’ independent auditors of their audit report covering their consolidated financial statements for the year ending January 31, 2006), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company Co-Issuers and the Guarantors may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its their obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company Subject to Section 4(c), the Co-Issuers and the Guarantors shall use its their respective best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Securities Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years (the “Shelf Registration Period”) from the date the Shelf Registration statement Statement is declared effective by the Commission until the earliest of (A) two years from the Issue Date (or until one year after such from the effective date of the Shelf Registration Statement if such the Shelf Registration Statement is filed at the request of an the Initial PurchaserPurchasers), (B) or such shorter period that will terminate when (i) the date upon which all the Transfer Restricted Securities Securities, covered by the Shelf Registration Statement have been sold or distributed pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales Statement or (iiiC) the date on which there ceases to be outstanding any Transfer Restricted all the Securities (are disposed of in any such case, such period being called the "Shelf Registration Period")accordance herewith. The Company Co-Issuers and the Guarantors shall be deemed not to have used its their respective reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it they voluntarily takes take any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law, (ii) such action is taken law or otherwise undertaken by the Company Co-Issuers and the Guarantors in good faith and for valid business reasons (not including avoidance of the Company's Co-Issuers’ or the Guarantor’s obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of and (y) permitted pursuant to Section 5(j4(j)(ii) hereof, if applicable or .
(iii) The Co-Issuers and the Guarantors shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Securities Act; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein (in the case of the Prospectus, in the light of the circumstances under which they were made) not misleading (it being understood that the Co-Issuers and the Guarantors shall not be responsible for any information provided by or on behalf of Holders).
Appears in 1 contract
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Company is Commission's staff, the Issuers determine upon advice of their outside counsel that they are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; or (ii) for any other reason the Registered Exchange Offer is not permitted consummated within 180 days of the date hereof; (iii) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by applicable law or Commission policy or it following consummation of the Registered Exchange Offer; (iiiv) any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (Aother than an Initial Purchaser) it is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, ; or (Bv) it may not resell in the Exchange Notes acquired by it case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to the public without delivering a prospectusSection 2(f) hereof, and the prospectus contained such Initial Purchaser does not receive freely tradeable New Securities in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but "; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions Issuers shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company Issuers shall as promptly as practicablepracticable (but in no event more than 120 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedPROVIDED, howeverHOWEVER, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and PROVIDED FURTHER, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company Issuers may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company Issuers shall use its their best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until for a period of one year after from such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company Issuers shall be deemed not to have used its their best efforts to keep the Shelf Registration Statement effective during the requisite period if it they voluntarily takes take any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company Issuers in good faith and for valid business reasons (not including avoidance of the Company's Issuers' obligations hereunder), including the acquisition or divestiture of assets, so long as the Company Issuers promptly thereafter complies comply with the requirements of Section 5(j4(k) hereof, if applicable or applicable.
(iii) The Issuers shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Securities Act and the rules and regulations of the Commission; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
Appears in 1 contract
Sources: Registration Rights Agreement (Usc May Verpackungen Holding Inc)
Shelf Registration. If, (i) because of any change in law or in ------------------ currently prevailing interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect either of the Registered Exchange Offer because the Registered Exchange Offer is not permitted Offers as contemplated by applicable law or Commission policy Section 2 hereof, or (ii) for any Holder other reason either of Transfer Restricted Securities notifies the Company in writing Registered Exchange Offers are not consummated within 10 business 225 days of the filing and effectiveness under Closing Date, or (iii) in the case of any Holder that participates in either of the' Registered Exchange Offers, such Holder does not receive applicable freely tradeable Exchange Notes on the date of the exchange (other than due solely to the status of such Holder as an affiliate of the Company within the meaning of the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales or (C) it is as a broker-dealer and owns Notes acquired directly from the Company or an Affiliate dealer) (it being understood that, for purposes of this Section 43, (x) the requirement that an Initial Purchaser the Purchasers deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes acquired in exchange for such Notes shall result in such Exchange Notes being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange Offer Offers in exchange for Notes acquired as a result of market-market- making activities or other trading activities shall not result in such Exchange Notes being not "freely tradeable") (the events described in clauses (i), (ii) and (iii) of this paragraph are each referred to herein as a "Shelf Registration Event"), the following provisions shall apply:
(a) The Company shall promptly deliver to the applicable Holders written notice of a Shelf Registration Event and, as promptly as practicable, file with the Commission and thereafter shall use its best reasonable efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the NotesAct, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities applicable Notes or the applicable Exchange Notes, as the case may be, by the applicable Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that with respect to Exchange Notes -------- ------- received by an Initial Purchaser the Purchasers in exchange for Transfer Restricted Securities Notes constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, ; file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its their obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company shall use its best reasonable efforts to keep the such Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by such Holders for a period of two years from the date the Shelf Registration statement (or, if Rule l44(k) is declared effective by the Commission (or until one year after amended to provide a shorter restrictive period, such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchasershorter period) or such shorter period that will terminate when (i) all the Transfer Restricted Securities Notes or Exchange Notes, as applicable, covered by the such Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Period.
Appears in 1 contract
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; (ii) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer is not permitted and that are held by applicable law or Commission policy or it following consummation of the Registered Exchange Offer; (iiiii) any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (Aother than an Initial Purchaser) it is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, ; or (Biv) it may not resell in the Exchange Notes acquired by it case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to the public without delivering a prospectusSection 2(f) hereof, and the prospectus contained such Initial Purchaser does not receive freely tradeable New Securities in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but "; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), then the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its reasonable best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company shall use its reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j5(k) hereof, if applicable or applicable.
(iii) The Company shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act and the rules and regulations of the Commission; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
Appears in 1 contract
Shelf Registration. If, (i) because of any change in law or applicable interpretations thereof by the Company is Commission’s staff, the Issuer and Parent determine upon advice of outside counsel that they are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because the Registered Exchange Offer is not permitted as contemplated by applicable law or Commission policy Section 2 hereof, or (ii) for any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in other reason the Exchange Offer Registration Statement is not appropriate declared effective by October 9, 2012 or available for such resales the Registered Exchange Offer is not consummated on or prior to the later of (x) November 8, 2012 and (y) 30 business days following the initial effectiveness date of the Exchange Offer Registration Statement, or (Ciii) it any Purchaser so requests with respect to Original Notes (or any New Notes received pursuant to Section 2(f)) not eligible to be exchanged for New Notes in a Registered Exchange Offer or, in the case of any Purchaser that participates in any Registered Exchange Offer, such Purchaser does not receive freely tradable New Notes, or (iv) any Holder (other than a Purchaser) is a broker-dealer not eligible to participate in the Registered Exchange Offer or (v) in the case of any such Holder that participates in the Registered Exchange Offer, such Holder does not receive freely tradable New Notes in exchange for tendered securities, other than by reason of such Holder being an affiliate of the Issuer and owns Notes acquired directly from Parent within the Company or an Affiliate meaning of the Securities Act (it being understood that, for purposes of this Section 43, (x) the requirement that an Initial a Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities Act in connection with sales of Exchange New Notes acquired in exchange for such Original Notes shall result in such Exchange New Notes being not "“freely tradeable" ” but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange New Notes acquired in the Registered Exchange Offer in exchange for Original Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange New Notes being not "“freely tradeable"”), the following provisions shall apply:
(a) The Company Issuer and Parent shall as promptly as practicablepracticable (but in no event more than the later of (i) July 11, 2012 or (ii) 45 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best their commercially reasonable efforts to cause to be declared become effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission Delay Period) after the date of original issuance of the Notesas, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities Original Notes or the New Notes, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration StatementStatement (such Original Notes or New Notes, as applicable, to be sold by such Holders under such Shelf Registration Statement being referred to herein as “Registration Securities”); provided, however, that that, with respect to Exchange New Notes received by an Initial a Purchaser in exchange for Transfer Restricted Securities Original Notes constituting any portion of an unsold allotment of Notesallotment, the Company Issuer and Parent may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its their obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), the Issuer and Parent shall include the information required by Rule 430B(b)(2)(iii) under the Securities Act.
(b) The Company Issuer and Parent shall use its best their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years one year from the date the Shelf Registration statement Statement becomes effective or is declared effective by the Commission (or until one year after designated as such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities Original Notes or New Notes, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "“Shelf Registration Period"”). The Company Issuer and Parent shall be deemed not to have used its best their commercially reasonable efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it the Issuer or Parent voluntarily takes any action that would result in Holders of Transfer Restricted Securities securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, law or (ii) such action is taken by the Company such party in good faith and for valid business reasons (not including avoidance of the Company's obligations of the Issuer and Parent hereunder), including the acquisition or divestiture of assets, so long as the Company Issuer and Parent promptly thereafter complies comply with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 1 contract
Sources: Registration Agreement (Level 3 Communications Inc)
Shelf Registration. If, (i) because of any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof, or (ii) if for any other reason the Registered Exchange Offer is not permitted by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing consummated within 10 business 150 days of the filing and effectiveness under the Act date hereof, or (iii) if any Purchaser so requests with respect to Securities held by it following consummation of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, or (Biv) it may if any Holder (other than a Purchaser) is not resell the Exchange Notes acquired by it eligible to participate in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained or (v) in the case of any Purchaser that participates in the Registered Exchange Offer Registration Statement is or acquires New Securities pursuant to Section 2(f) hereof, such Purchaser does not appropriate or available receive freely tradeable New Securities in exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 43, (x) the requirement that an Initial a Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-market- making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions shall apply:
(a) The Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration 6 Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that with respect to Exchange Notes New Securities received by an Initial a Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company shall use its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two three years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, or (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 1 contract
Shelf Registration. If, (i) because of any change in law or applicable interpretations thereof by the Commission's staff, the Company is and the Guarantors determine upon advice of outside counsel that they are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because the Registered Exchange Offer is not permitted as contemplated by applicable law or Commission policy Section 2 hereof, or (ii) for any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in other reason the Exchange Offer Registration Statement is not appropriate declared effective within 120 days after the Closing Date or available for such resales the Registered Exchange Offer is not consummated within 150 days after the Closing Date, or (Ciii) it any Purchaser so requests with respect to Securities (or any New Securities received pursuant to Section 2(f)) not eligible to be exchanged for New Securities in a Registered Exchange Offer or, in the case of any Purchaser that participates in any Registered Exchange Offer, such Purchaser does not receive freely tradable New Securities, or (iv) any Holder (other than a Purchaser) is a broker-dealer and owns Notes acquired directly from not eligible to participate in the Registered Exchange Offer, or (v) in the case of any such Holder that participates in the Registered Exchange Offer, such Holder does not receive freely tradable New Securities in exchange for tendered securities, other than by reason of such Holder being an affiliate of the Company or an Affiliate within the meaning of the Act (it being understood that, for purposes of this Section 43, (x) the requirement that an Initial a Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions shall apply:
(a) The Company and the Guarantors shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such the Majority Holders participating in the Shelf Registration and set forth in such Shelf Registration StatementStatement (such Securities or New Securities, as applicable, to be sold by such Holders under such Shelf Registration Statement being referred to herein as "Registration Securities"); provided, however, that that, with respect to Exchange Notes New Securities received by an Initial a Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company and the Guarantors may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company and the Guarantors shall use its their best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Period.
Appears in 1 contract
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission’s staff, the Company determines that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; (ii) for any other reason the Registered Exchange Offer is not consummated within 315 days of the Issue Date; or (iii) any Initial Purchaser notifies us within 20 Business Days following the consummation of the Registered Exchange Offer that it is not permitted by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating to participate in the Registered Exchange Offer, (B) that it may not resell New Securities with the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus Prospectus contained in the Exchange Offer Registration Statement is not appropriate Statement, or available for such resales or (C) that it is a brokerBroker-dealer Dealer and owns Notes Securities acquired directly from the Company or from an Affiliate (it being understood that, for purposes of this Section 4, (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes acquired in exchange for such Notes shall result in such Exchange Notes being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes being not "freely tradeable")Company, the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company shall as promptly as practicable, practicable file with the Commission and thereafter shall use its best reasonable commercial efforts to cause to be declared effective under the Act on or prior to 220 no later than 345 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, Issue Date a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and; provided, further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company shall use its best reasonable commercial efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date Issue Date (plus the Shelf Registration statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request number of an Initial Purchaserdays in any Suspension Period) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "“Shelf Registration Period")”, provided, however, that the Company shall not be obligated to keep the Shelf Registration Statement effective or to permit the use of any Prospectus forming a part of the Shelf Registration Statement if (i) the Company determines, in its reasonable judgment, upon advice of counsel that the continued effectiveness and use of the Shelf Registration Statement would (x) require the disclosure of material information which the Company has a bona fide business reason for preserving as confidential or (y) interfere with any financing, acquisition, corporate reorganization or other material transaction involving the Company or any of its subsidiaries; and provided, further, that the failure to keep the Shelf Registration Statement effective and usable for offers and sales of Registrable Securities for such reasons shall last no longer than 45 consecutive calendar days or no more than an aggregate of 90 calendar days during any consecutive twelve-month period (whereafter a Registration Default, as hereinafter defined, shall occur) and (ii) the Company promptly thereafter complies with the requirements of Section 5(k) hereof, if applicable; any such period during which the Company is excused from keeping the Shelf Registration Statement effective and usable for offers and sales of Registrable Securities is referred to herein as a “Suspension Period”; a Suspension Period shall commence on and include the date that the Company gives notice to the Holders that the Shelf Registration Statement is no longer effective or the Prospectus included therein is no longer usable for offers and sales of Registrable Securities as a result of the application of the proviso of the foregoing sentence, stating the reason therefor, and shall end on the earlier to occur of the date on which each seller of Registrable Securities covered by the Shelf Registration Statement either receives the copies of the supplemented or amended Prospectus or is advised in writing by the Company that use of the Prospectus may be resumed. The Company shall be deemed not to have used its best reasonable commercial efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is permitted pursuant to the preceding sentence or (B) such action is required by applicable law, (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j) hereof, if applicable or .
(iii) The Company shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Securities Act and the rules and regulations of the Commission; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
Appears in 1 contract
Sources: Registration Rights Agreement (Electronic Data Systems Corp /De/)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required permitted to file effect the Registered Exchange Offer as contemplated by Section 2 hereof; or (ii) for any other reason the Exchange Offer Registration Statement nor permitted to Consummate is not declared effective by the Registered Exchange Offer because Commission under the Act within 180 days of the date of the original issuance of the Notes or the Registered Exchange Offer is not permitted by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing consummated within 10 business days 30 Business Days of the filing and date of the effectiveness under the Act of the Exchange Offer Registration Statement Statement; (iii) any Initial Purchaser so requests with respect to Notes that are not eligible to be exchanged for Exchange Notes in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer; (Aiv) it any Holder (other than an Initial Purchaser) is prohibited by law not eligible to participate in the Registered Exchange Offer or Commission policy from participating does not receive freely tradable Exchange Notes in the Registered Exchange Offer, other than by reason of such Holder being an Affiliate of the Company (B) it may not resell being understood that the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering requirement that a prospectus, and participating Broker-Dealer deliver the prospectus contained in the Exchange Offer Registration Statement is in connection with sales of Exchange Notes shall not appropriate or available for result in such resales Exchange Notes being not "freely tradable"); or (Cv) it is a broker-dealer and owns in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires Exchange Notes acquired directly from pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable Exchange Notes in exchange for Notes constituting any portion of an unsold allotment, other than by reason of such Holder being an Affiliate of the Company or an Affiliate (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes acquired in exchange for such Notes shall not result in such Exchange Notes being not "freely tradeable" but "; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company shall as promptly as practicablepracticable (but in no event more than 90 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best commercially reasonable efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities Notes or the Exchange Notes, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedPROVIDED, howeverHOWEVER, that no Holder (other than an Initial Purchaser) shall be entitled to have the Notes held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and PROVIDED FURTHER, that with respect to Exchange Notes received by an Initial Purchaser in exchange for Transfer Restricted Securities Notes constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its their obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company shall use its best commercially reasonable efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities Notes or Exchange Notes, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration PeriodSHELF REGISTRATION PERIOD"). The Company shall be deemed not to have used its best commercially reasonable efforts to keep the Shelf Registration Statement effective during the requisite period if it they voluntarily takes take any action that would result in Holders of Transfer Restricted Securities Notes covered thereby not being able to offer and sell such securities Notes during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assetsassets (to the extent permitted by the terms of the Indenture), so long as the Company promptly thereafter complies with the requirements of Section 5(j5(k) hereof, if applicable or applicable.
(iii) The Company shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
Appears in 1 contract
Sources: Registration Rights Agreement (Nova Chemicals Corp /New)
Shelf Registration. If, If (i) because of any change in law or applicable interpretations thereof by the Commission's staff the Company is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because the Registered Exchange Offer is not permitted as contemplated by applicable law or Commission policy Section 1 hereof, or (ii) any Holder of Transfer Restricted Securities notifies validly tendered pursuant to the Company Registered Exchange Offer are not exchanged for Exchange Securities within 210 days after the Issue Date, or (iii) any Initial Purchaser so requests with respect to Securities or Private Exchange Securities not eligible to be exchanged for Exchange Securities in writing within 10 business days the Registered Exchange Offer and held by it following the consummation of the filing and effectiveness under the Act of the Registered Exchange Offer Registration Statement that Offer, or (Aiv) it is prohibited by any applicable law or Commission policy from participating interpretations do not permit any Holder to participate in the Registered Exchange Offer, or (Bv) it may not resell the Exchange Notes acquired by it any Holder that participates in the Registered Exchange Offer to the public without delivering a prospectusdoes not receive freely transferable Exchange Securities in exchange for tendered Securities, and the prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for other than by reason of such resales or (C) it is a broker-dealer and owns Notes acquired directly from Holder being an Affiliate of the Company or an Affiliate (it being understood that, for purposes of this Section 42, (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes acquired in exchange for such Notes shall result in such Exchange Notes being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus prospectus in connection with sales of Exchange Notes Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making marketmaking activities or other trading activities shall not result in such Exchange Notes Securities being not "freely tradeable"), or (vi) the Company so elects, then the following provisions shall apply:
(a) The Company shall use its reasonable best efforts to file as promptly as practicable, file practicable (but in no event more than 90 days after so required or requested pursuant to this Section 2) with the Commission Commission, and thereafter shall use its reasonable best efforts to cause to be declared effective effective, a shelf registration statement on an appropriate form under the Securities Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities (as defined below) by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such registration statement (hereafter, a "Shelf Registration Statement" and, together with any Exchange Offer Registration Statement, a "Registration Statement"); provided, however, that that, with respect to Exchange Notes Securities or Private Exchange Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective posteffective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K SK Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company shall use its reasonable best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus prospectus forming part thereof to be usable used by Holders of Transfer Restricted Securities for a period ending on the earlier of (i) two years from the date the Shelf Registration statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) Issue Date or such shorter period that will terminate when (i) all the Transfer Restricted Securities covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, thereto and (ii) the date on which, in which the opinion of counsel Securities become eligible for resale without volume restrictions pursuant to Rule 144 under the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Act (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Transfer Restricted Securities during that period, unless (i) such action is required by applicable law, law or (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations obligation hereunder), including the acquisition or divestiture of assetsassets and other material transactions involving the Company, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(j) hereof, if applicable applicable.
(c) Notwithstanding any other provisions hereof, the Company will ensure that (i) any Shelf Registration Statement and any amendment thereto and any prospectus forming part thereof and any supplement thereto complies in all material respects with the Securities Act and the rules and regulations of the Commission thereunder, (ii) any Shelf Registration Statement and any amendment thereto (in either case, other than with respect to information included therein in reliance upon or in conformity with written information furnished to the Company by or on behalf of any Holder specifically for use therein (the "Holders' Information")) does 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 and (iii) such action is taken because any prospectus forming part of any Shelf Registration Statement, and any supplement to such prospectus (in either case, other than with respect to Holders' Information), does not include an untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
Appears in 1 contract
Sources: Exchange and Registration Rights Agreement (Jones Apparel Group Inc)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission's staff, the Company is and the Guarantors determine upon advice of their outside counsel that they are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; or (ii) for any other reason the Registered Exchange Offer is not permitted consummated within 240 days of the Closing Date; (iii) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by applicable law or Commission policy or it following consummation of the Registered Exchange Offer; (iiiv) any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (Aother than an Initial Purchaser) it is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, ; or (Bv) it may not resell in the Exchange Notes acquired by it case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to the public without delivering a prospectusSection 2(f) hereof, and the prospectus contained such Initial Purchaser does not receive freely tradeable New Securities in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but "; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions Company and the Guarantors shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company and the Guarantors shall use their commercially reasonable efforts to cause to be filed as promptly soon as practicablepracticable (but in no event more than 90 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best their commercially reasonable efforts to cause to be declared effective under the Act on within 210 days after so required or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notesrequested, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company and the Guarantors may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company and the Guarantors shall use its best their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective under the Act, and supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years (the "Shelf Registration Period") from the date the Shelf Registration statement Statement is declared effective by the Commission until the earlier of (A) the second anniversary thereof or until one year after such effective (B) the date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) upon which all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities (in any such case, such period being called the "Shelf Registration Period"). The Company and the Guarantors shall be deemed not to have used its best their commercially reasonable efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it either the Company or the Guarantors voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law, (ii) such action is taken law or otherwise undertaken by the Company and the Guarantors in good faith and for valid business reasons (not including avoidance of the Company's and the Guarantors' obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of and (y) permitted pursuant to Section 5(j4(k)(ii) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Period.
Appears in 1 contract
Shelf Registration. If, If (i) because of any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required permitted to file effect the Exchange Offer Registration Statement nor permitted to Consummate as contemplated by Section 2 hereof or (ii) for any reason other than those specified in clause (i) above, the Registered Exchange Offer because the Registered Exchange Offer is not permitted by applicable law or Commission policy consummated within 150 days of the Closing Date unless the Exchange Offer has commenced, in which case, the Exchange Offer is not consummated within 30 days after the date on which the Exchange Offer was commenced or (iiiii) the Initial Purchaser so requests with respect to Notes held by it following consummation of the Exchange Offer, or (iv) any Holder of Transfer Restricted Securities notifies (other than the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (AInitial Purchaser) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer eligible to the public without delivering a prospectus, and the prospectus contained participate in the Exchange Offer Registration Statement is or has participated in the Exchange Offer and has received Exchange Notes that are not appropriate or available for such resales freely tradeable or (Cv) it is a broker-dealer and owns in the case where the Initial Purchaser participates in the Exchange Offer or acquires Exchange Notes acquired directly from pursuant to Section 2(f) hereof, the Company or Initial Purchaser does not receive freely tradeable Exchange Notes in exchange for Notes constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 43, (x) the requirement that an the Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities Act in connection with sales of Exchange Notes acquired in exchange for such Notes shall result in such Exchange Notes being not "freely tradeable" but and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes being not "freely tradeable"), the following provisions shall apply:
(a) The Company shall and the Subsidiary Guarantors shall, as promptly as practicablepracticable (but in any event on or prior to 60 days after such filing obligation arises), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities Notes or the Exchange Notes, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedStatement and Rule 415 under the Securities Act, howeverPROVIDED that, that with respect to Exchange Notes received by an the Initial Purchaser in exchange for Transfer Restricted Securities Notes constituting any portion of an unsold allotment of Notesallotment, the Company and the Subsidiary Guarantors may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company and the Subsidiary Guarantors shall use its their best efforts to cause the Shelf Registration Statement to be declared effective under the Securities Act as promptly as possible after filing such Shelf Registration Statement (but in any event within 45 Business Days after such filing occurs) pursuant to this Section 3 and to keep the such Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof contained therein to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities Notes or Exchange Notes, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities Notes covered thereby not being able to offer and sell such securities Notes during that period, unless (i) such action is required by applicable law, law or (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 1 contract
Sources: Registration Rights Agreement (Burke Flooring Products Inc)
Shelf Registration. (a) If, :
(i) due to any change in law or applicable interpretations thereof by the staff of the Commission, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof;
(ii) for any other reason the Registered Exchange Offer is not permitted consummated within 210 days of the date hereof;
(iii) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by applicable law or Commission policy or it following consummation of the Registered Exchange Offer;
(iiiv) any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (Aother than an Initial Purchaser) it is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, ; or
(Bv) it may not resell in the Exchange Notes acquired by it case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to the public without delivering a prospectusSection 2(f) hereof, and the prospectus contained such Initial Purchaser does not receive freely tradeable New Securities in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but "; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The To the extent not prohibited by any applicable law or applicable interpretation of the Staff of the Commission, the Company shall as promptly as practicablepracticable (but in no event more than 90 days after so required or requested pursuant to this Section 3, such day being a "Filing Deadline"), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on within 180 days after so requested or prior required pursuant to 220 days this Section 3 (plus any additional days allowed as a result of a Commission Delay Periodsuch day being an "Effectiveness Deadline") after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company shall use its best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years (or such shorter period as may hereafter be provided in Rule 144(k) under the Securities Act) from the date of the Shelf Registration statement is declared effective by original issuance of the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) Securities or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law, or (iiB) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable or applicable.
(iii) The Company shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act and the rules and regulations of the Commission; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
Appears in 1 contract
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Company is Commission's staff, the Issuers determine upon advice of their outside counsel that they are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; (ii) for any other reason the Registered Exchange Offer is not permitted consummated within 210 days of the date hereof; (iii) either Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by applicable law or Commission policy or it following consummation of the Registered Exchange Offer; (iiiv) any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (Aother than an Initial Purchaser) it is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, ; or (Bv) it may not resell in the Exchange Notes acquired by it event that either Initial Purchaser participates in the Registered Exchange Offer or acquires New Securities pursuant to the public without delivering a prospectus, Section 2(f) hereof and the prospectus contained such Initial Purchaser does not receive freely tradeable New Securities in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "“freely tradeable" but ”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "“freely tradeable"”), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company Issuers shall as promptly as practicablepracticable (but in no event more than 45 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best their respective commercially reasonable efforts to cause to be declared effective under the Act on within 180 days after so required or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notesrequested, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided, further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company Issuers may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its their obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company Issuers shall use its best their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years (the “Shelf Registration Period”) from the date the Shelf Registration statement Statement is declared effective by the Commission until (A) the second anniversary thereof or until one year after such effective (B) the date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) upon which all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities (in any such case, such period being called the "Shelf Registration Period"). The Company Issuers shall be deemed not to have used its best their commercially reasonable efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it any Issuer voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law, (ii) such action is taken law or otherwise undertaken by the Company Issuers in good faith and for valid business reasons (not including avoidance of the Company's Issuers' obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of and (y) permitted pursuant to Section 5(j4(k)(ii) hereof, if applicable or .
(iii) The Issuers shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein (in the case of the Prospectus, in the light of the circumstances under which they were made) not misleading.
Appears in 1 contract
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; or (ii) for any other reason the Registered Exchange Offer is not permitted consummated within 180 days of the date hereof; (iii) any Initial Purchaser or Highland so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by applicable law or Commission policy or it following consummation of the Registered Exchange Offer; (iiiv) any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (Aother than an Initial Purchaser) it is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, ; or (Bv) it may not resell in the Exchange Notes acquired by it case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to the public without delivering a prospectusSection 2(f) hereof, and the prospectus contained such Initial Purchaser does not receive freely tradeable New Securities in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 90 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, so required or requested pursuant to this Section 3 a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser or a Regis Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided, further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company shall use its best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable or applicable.
(iii) The Company shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Securities Act and the rules and regulations of the Commission; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
Appears in 1 contract
Sources: Registration Rights Agreement (Adelphia Communications Corp)
Shelf Registration. If, If (i) due to any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; or (ii) for any other reason the Registered Exchange Offer is not permitted by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing consummated within 10 business 225 days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement date hereof; (iii) any Initial Purchaser so requests with respect to Securities that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may are not resell the eligible to be exchanged for Exchange Notes acquired by it in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer; (iv) any Holder (other than an Initial Purchaser) is not eligible to the public without delivering a prospectus, and the prospectus contained participate in the Registered Exchange Offer Registration Statement is or does not appropriate or available for receive freely tradeable Exchange Notes in the Registered Exchange Offer other than by reason of such resales Holder being an Affiliate of the Company; or (Cv) it is a broker-dealer and owns in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires Exchange Notes acquired directly from the Company or pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable Exchange Notes in exchange for Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes acquired in exchange for such Notes Securities shall result in such Exchange Notes being not "freely tradeable" but "; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes being not "freely tradeable"), the following provisions Company and the Guarantor Subsidiaries shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company and the Guarantor Subsidiaries shall as promptly as practicablepracticable (but in no event more than 90 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its reasonable best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the Exchange Notes, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company and the Guarantor Subsidiaries shall use its their respective reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when earlier of: (i) such date as all the Transfer Restricted Securities covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statementsold, or (ii) the date on which, in the opinion of counsel to the Company, which all of the Transfer Restricted Securities then held by persons that are not Affiliates of the Holders Company may be sold by such Holders in resold without registration pursuant to Rule 144(k) under the public United States securities markets in the absence of a registration statement covering such sales or Act (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities (in any such case, such period being called the "Shelf Registration Period"). The Company and the Guarantor Subsidiaries shall be deemed not to have used its their respective reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period if it either the Company or the Guarantor Subsidiaries voluntarily takes take any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable or applicable.
(iiib) such action is taken because Not less than 30 calendar days prior to the Effective Time of any Shelf Registration Statement required under this Agreement, the Company shall mail the Notice and Questionnaire (the "Notice and Questionnaire") attached as Annex E hereto to the Holders of Transfer Restricted Securities; no Holder shall be entitled to be named as a selling securityholder in the Shelf Registration Statement as of the Effective Time, and no Holder shall be entitled to use the prospectus forming a part thereof for resales of Securities at any time, unless such Holder has returned a completed and signed Notice and Questionnaire to the Company by the deadline for response set forth therein; provided, however, that holders of Transfer Restricted Securities shall have at least 28 calendar days from the date on which the Notice and Questionnaire is first mailed to such Holders to return a completed and signed Notice and Questionnaire to the Company.
(c) After the Effective Time of any Shelf Registration Statement required to be filed under this Agreement, Holders of Transfer Restricted Securities who did not timely return a Notice and Questionnaire to the Company may return a Notice and Questionnaire at any time and may request to be included in such Shelf Registration Statement. If:
(i) the Company can include such Holder with respect to its Transfer Restricted Securities by means of a prospectus supplement filed pursuant to Rule 424(b) of the Act or by means a registration statement filed pursuant to Rule 462(b) of the Act, then the Company shall file such Rule 424(b) supplement or Rule 462(b) registration statement with the Commission within 10 Business Days of its receipt of the Notice and Questionnaire;
(ii) the Company, in the opinion of its counsel, cannot include such Holder with respect to its Transfer Restricted Securities by means of a prospectus supplement to the prospectus contained as part of such effective Shelf Registration Statement or by means a related registration statement filed pursuant to Rule 462(b) of the Act, the Company shall promptly take any action reasonably necessary to enable such a Holder to use a registration statement for resale of Transfer Restricted Securities, including, without limitation, any action necessary to identify such Holders or selling securityholder in a new Shelf Registration Statement which the Company shall promptly file and cause to be declared effective to cover the resale of the Transfer Restricted Securities that are the subject of such request.
(d) In the event of a Shelf Registration Statement, in addition to the information required to be provided in the Notice and Questionnaire, the Company may require Holders to furnish to the Company additional information regarding such Holder and such Holder's intended method of distribution of Securities as may be required in order to comply with the Securities Act. Each Holder agrees to notify the Company as promptly as practicable of any inaccuracy or change in information previously furnished by such Holder to the Company or of the occurrence of any event in either case as a result of which any prospectus relating to the Shelf Registration Statement contains or would contain an untrue statement of a material fact regarding such Holder or such Holder's intended method of disposition of such Securities or omits to state any material fact regarding such Holder or such Holder's intended method of disposition of such Securities required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing, and promptly to furnish to the Company any additional information or required so that such prospectus shall not contain, with respect to such Holder or the disposition of such Securities, an untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing.
Appears in 1 contract
Shelf Registration. If, If (i) because of any change in law or applicable interpretations thereof by the Company is Commission's staff, the Issuers determine upon advice of their outside counsel that they are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because the Registered Exchange Offer is not permitted as contemplated by applicable law or Commission policy Section 2 hereof, or (ii) for any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in reason the Exchange Offer Registration Statement is not appropriate or available for such resales declared effective within 150 days of the Closing Date, or (Ciii) it any Holder is a broker-dealer and owns Notes acquired directly from not eligible to participate in the Company Registered Exchange Offer (other than by reason of such Holder's failure to comply with Section 4(o), or (iv) in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 43, (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions shall apply:
(a) The Company Issuers shall as promptly as practicablepracticable (but in no event more than 45 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its their best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement by the 180th day after the Issue Date (but not earlier than the 180th day after a request by an Initial Purchaser) relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that that, with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities securities constituting any portion of an unsold allotment of Notesallotment, the Company Issuers may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its their obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company Issuers shall use its their best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company Issuers shall be deemed not to have used its their best efforts to keep the Shelf Registration Statement effective during the requisite period if it any Issuer voluntarily takes any action that would result in Holders of Transfer Restricted Securities securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, or (ii) such action is taken by the Company such Issuer in good faith and for valid business reasons (not including avoidance of the Companysuch Issuer's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company such Issuer promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 1 contract
Shelf Registration. If, (a) If (i) due to any change in law or ------------------ applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; or (ii) for any other reason the Registered Exchange Offer is not permitted by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing consummated within 10 business 225 days of the filing and effectiveness under Time of Delivery; or (iii) in the Act case of the Exchange Offer Registration Statement any Holder that (A) it is prohibited by law or Commission policy from participating participates in the Registered Exchange Offer, such Holder does not receive freely tradeable Exchange Securities on the date of the exchange (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer other than due solely to the public without delivering a prospectus, and status of such Holder as an Affiliate of the prospectus contained in the Exchange Offer Registration Statement is not appropriate Company or available for such resales or (C) it is as a broker-dealer and owns Notes acquired directly from the Company or an Affiliate dealer) (it being understood that, for purposes of this Section 43, (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes Securities being not "freely tradeable" but "; but
(y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes Securities being not "freely tradeable"), the following provisions Company shall apply:promptly deliver to the Holders written notice thereof and shall effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company shall as promptly as practicable, practicable file with the Commission and thereafter shall use its best reasonable efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the Exchange Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that with respect to Exchange Notes -------- ------- Securities received by an the Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company shall use its best reasonable efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years (or, if Rule 144(k) is amended to provide a shorter restrictive period, such shorter period) from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or Exchange Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 1 contract
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required permitted to file effect the Registered Exchange Offer as contemplated by Section 2 hereof; (ii) for any other reason the Exchange Offer Registration Statement nor permitted to Consummate is not declared effective within 120 days after the Registered Exchange Offer because original issue date of the Securities or the Registered Exchange Offer is not permitted by applicable law or Commission policy or consummated within 180 days after the original issue date of the Securities; (iiiii) any Holder of Transfer Restricted Initial Purchaser so requests with respect to Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may are not resell the Exchange Notes acquired by it eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the public without delivering Registered Exchange Offer or does not receive freely tradable New Securities in the Registered Exchange Offer other than by reason of such Holder being an Affiliate of the Company (it being understood that the requirement that a prospectus, and participating Broker-Dealer deliver the prospectus contained in the Exchange Offer Registration Statement is in connection with sales of New Securities shall not appropriate or available for result in such resales New Securities being not "freely tradable"); or (Cv) it is a broker-dealer and owns Notes acquired directly from in the Company case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradable New Securities in exchange for Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeabletradable;" but and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions Company and the Guarantors shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(b) If required pursuant to subsection (a) The above,
(i) the Company and the Guarantors shall as promptly as practicablepracticable (but in no event more than 60 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its their best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company and the Guarantors may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its their obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The the Company and the Guarantors shall use its their best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company and the Guarantors shall be deemed not to have used its their best efforts to keep the Shelf Registration Statement effective during the requisite period if it they voluntarily takes take any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company and the Guarantors in good faith and for valid business reasons (not including avoidance of the Company's Company and the Guarantors' obligations hereunder), including the acquisition or divestiture of assets, so long as the Company and the Guarantors promptly thereafter complies comply with the requirements of Section 5(j5(k) hereof, if applicable or applicable.
(iii) the Company and the Guarantors shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Securities Act and the rules and regulations of the Commission; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
Appears in 1 contract
Sources: Registration Rights Agreement (Paxson Communications Corp)
Shelf Registration. If, (i) because of any change in law or applicable interpretations thereof by the Commission's staff, the Company is and the Trust determine upon advice of their outside counsel that they are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because the Registered Exchange Offer is not permitted as contemplated by applicable law or Commission policy Section 2 hereof, or (ii) if for any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in other reason the Exchange Offer Registration Statement is not appropriate or available for such resales declared effective by the Commission within 180 days of the Closing Date, or (Ciii) if any Initial Purchaser so requests with respect to Registrable Securities held by it following consummation of the Registered Exchange Offer other than "freely tradable" Exchange Securities, or (iv) if any Holder that is a broker-dealer and owns Notes acquired directly from dealer, is not an affiliate of the Company or an Affiliate the Trust and is not eligible to participate in the Registered Exchange Offer so requests with respect to Registrable Securities held by it following the consummation of the Registered Exchange Offer other than "freely tradable" Exchange Securities (it being understood that, for purposes of this Section 43, (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes Securities acquired in exchange for such Notes Registrable Securities shall result in such Exchange Notes Securities being not "freely tradeabletradable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes Securities acquired in the Registered Exchange Offer in exchange for Notes Registrable Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes Securities being not "freely tradeabletradable"), the following provisions shall apply:
(a) The Company and the Trust shall as promptly as practicable, practicable file with the Commission Commission, and shall thereafter shall use its their best efforts to cause to be declared effective under the Act within (i) 210 days of the Closing Date, or (ii) 240 days of the Closing Date in the event that a Tax Contingency exists on the 210th day following the Closing Date, or prior to 220 days (plus any additional days allowed as a result iii) promptly in the event of a Commission Delay Period) after the date of original issuance of the Notesrequest by an Initial Purchaser, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Registrable Securities or the Exchange Securities, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that with respect to Exchange Notes Securities received by an Initial Purchaser in exchange for Transfer Restricted Registrable Securities constituting any portion of an unsold allotment of Notesallotment, the Company and the Trust may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its their obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement; and provided further, that with respect to a Shelf Registration Statement required pursuant to clause (ii) of the preceding paragraph, the consummation of a Registered Exchange Offer shall relieve the Company and the Trust of their obligations under this Section 3(a) but only in respect of their obligations under such clause (ii).
(b) The Company and the Trust shall each use its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two three years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until a period of one year after such effective from the date if such the Shelf Registration Statement is declared effective in the case of a Shelf Registration Statement filed at the request of an Initial Purchaser) or such shorter period that will terminate upon the earlier of the following: (A) when (i) all the Transfer Restricted Capital Securities or Exchange Securities corresponding to such Capital Securities covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (iiB) when all the date on which, Subordinated Debt Securities or the Exchange Securities relating to such Subordinated Debt Securities issued to Holders in respect of Capital Securities or Exchange Securities that had not been sold pursuant to the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement or (C) when in the written opinion of counsel to the CompanyCompany and the Trust, all outstanding Registrable Securities or Exchange Securities held by persons that are not affiliates of the Transfer Restricted Securities then held by Company or the Holders Trust may be sold by such Holders in resold without registration under the public United States securities markets in Act pursuant to Rule 144(k) under the absence of a registration statement covering such sales Act or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities successor provision thereto (in any such case, such period being called the "Shelf Registration Period"). Furthermore, the Company and the Trust shall each use its best efforts, upon the effectiveness of the Shelf Registration Statement, to promptly upon the request of any Holder to take any action reasonable necessary to register the sale of any Registrable Securities or Exchange Securities of such Holder and to identify such Holder as a selling securityholder. The Company and the Trust shall be deemed not to have used its their best efforts to keep the Shelf Registration Statement effective during the requisite period if it either the Company or the Trust voluntarily takes any action that would result in Holders of Transfer Restricted Securities securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, or (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(l) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 1 contract
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Company Commission’s staff, the Issuer determines that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; (ii) for any other reason the Registered Exchange Offer is not permitted by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing consummated within 10 business 240 days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement Closing Date; (iii) any Initial Purchaser so requests with respect to Securities that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may are not resell the Exchange Notes acquired by it eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer; (iv) any Holder (other than an Initial Purchaser) is not eligible to participate in the public without delivering a prospectus, and Registered Exchange Offer other than by reason of such Holder being an affiliate of the Issuer (it being understood that the requirement that an Exchanging Dealer deliver the prospectus contained in the Exchange Offer Registration Statement is in connection with the sale of New Securities shall not appropriate or available for result in such resales New Securities being not “freely tradeable”); or (Cv) it is a broker-dealer and owns Notes acquired directly from in the Company or case of any Initial Purchaser that participates in the Registered Exchange Offer, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "“freely tradeable" but ”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "“freely tradeable"”), the following provisions Issuer shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company Issuer shall as promptly as practicablepracticable (but in no event (i) if the Exchange Offer Registration Statement is not permitted to be filed by applicable law, more than 120 days following the Closing Date and (ii) in any other circumstance in which a Shelf Registration Statement is required to be filed, more than 90 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its reasonable best efforts to cause to be declared effective under the Act on or prior to 220 (i) if the Exchange Offer Registration Statement is not declared effective by the SEC within 210 days (plus any additional of the Closing Date, within 210 days allowed as a result of a Commission Delay Period) after the date of original issuance Closing Date, (ii) if the Registered Exchange Offer is not consummated within 240 days of the NotesClosing Date, within 240 days of the Closing Date or (iii) in any other circumstance in which a Shelf Registration Statement is required to be filed, within 180 days after so required or, requested, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder (with the Initial Purchasers’ agreement thereto being evidenced by their execution of this Agreement); and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company Issuer may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company Subject to Section 4(j), the Issuer shall use its best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years (the “Shelf Registration Period”) from the date the Shelf Registration statement Statement is declared effective by the Commission until the earlier of (or until one year after such effective A) the second anniversary thereof, (B) the date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) upon which all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, Statement or (iiC) the date on which, upon which all the Securities or New Securities are no longer restricted securities (as defined in Rule 144 under the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities (in any such case, such period being called the "Shelf Registration Period"Act). The Company Issuer shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law, (ii) such action is taken law or otherwise undertaken by the Company Issuer in good faith and for valid business reasons (not including avoidance of the Company's Issuer’s obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of and (y) permitted pursuant to Section 5(j4(j)(ii) hereof, if applicable or .
(iii) The Issuer shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein (in the case of the Prospectus, in the light of the circumstances under which they were made) not misleading; it being understood that the Issuer shall not be so responsible for information provided by or on behalf of Holders.
Appears in 1 contract
Sources: Registration Rights Agreement (US Oncology Holdings, Inc.)
Shelf Registration. If, (a) If (i) the Company is not required permitted to file the Exchange Offer Registration Statement nor permitted or to Consummate the Registered Exchange Offer because the Registered Exchange Offer is not permitted by applicable law or Commission policy or policy, (ii) for any other reason the Registered Exchange Offer is not Consummated within 250 days from the Issue Date (or if such 250th day is not a Business Day, by the first Business Day thereafter), (iii) the Initial Purchasers so request with respect to Notes acquired by it directly from the Company (including, without limitation, pursuant to Section 2(g)), or one of its Affiliates, which have not been resold on or prior to the 30th Business Day following the Consummation of the Registered Exchange Offer, (iv) any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days on or prior to the 30th Business Day following the Consummation of the filing and effectiveness under the Act of the registered Exchange Offer Registration Statement that (A) it such Holder is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, if such Holder is not an Affiliate of the Company, (B) it may the Exchange Notes such Holder would receive would not be freely tradable, (C) such Holder is a Participating Broker-Dealer that cannot publicly resell the Exchange Notes acquired by that it acquires in the Registered Exchange Offer to the public without delivering a prospectus, Prospectus and the prospectus Prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales following the completion of the Registered Exchange Offer, or (CD) it the Holder is a broker-dealer and owns Notes it has not exchanged and that it acquired directly from the Company or one of its Affiliates, or (v) in the case where an Affiliate Initial Purchaser participates in the Registered Exchange Offer or acquires Private Exchange Notes pursuant to Section 2(g) hereof, an Initial Purchaser does not receive freely tradable Exchange Notes in exchange for Notes constituting any portion of an unsold allotment and such Initial Purchaser notifies the Company on or prior to the 30th day following the Consummation of the Registered Exchange Offer (it being understood that, for purposes of this Section 43, (x) the requirement that an the Initial Purchaser Purchasers deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes acquired in exchange for such Transfer Restricted Notes shall result in such Exchange Notes being not "“freely tradeable" but tradable” and (y) the requirement that an Exchanging a Participating Broker-Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange Offer in exchange for Transfer Restricted Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes being not "“freely tradeable"tradable”), the following provisions shall apply:
(ab) The Company shall as promptly as practicable, use best efforts to prepare and file with the Commission a Shelf Registration Statement prior to the 130th day following the earliest to occur of (i) the date on which the Company determines that it is not permitted to file the Exchange Offer Registration Statement or to Consummate the Exchange Offer; (ii) 250 days from the Issue Date (or if such 250th day is not a Business Day, by the first Business Day thereafter) and thereafter (iii) the date notice is given pursuant to Section 3(a)(iii), (iv) or (v) above (or if such 130th day is not a Business Day, by the first Business Day thereafter) and shall use its best efforts to cause the Shelf Registration Statement to be declared effective under by the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) by the 220th day after the date of original issuance of the Notes, Company becomes obligated to use its best efforts to file a Shelf Registration Statement relating pursuant to the offer and sale of the Transfer Restricted Securities by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that with this Section 3(b). With respect to Exchange Notes received by an the Initial Purchaser in exchange for Transfer Restricted Securities Notes constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its their obligations under this paragraph (ab) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bc) The Company shall use its best efforts to keep the such Shelf Registration Statement continuously effective (subject to Section 3(d)) in order to permit the Prospectus forming a part thereof to be usable by Holders for a period until the earliest of two years from the date the Shelf Registration statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all such time as the Transfer Restricted Securities Notes or Exchange Notes covered by the Shelf Registration Statement can be sold without any limitations under clauses (c), (e), (f) and (h) of Rule 144 or similar rule adopted by the Commission, (ii) two years from the date on which the Shelf Registration Statement has been declared effective exclusive of any period during which any stop order shall be in effect suspending the effectiveness of the Shelf Registration Statement or during which the Company has suspended the use of the Prospectus contained therein pursuant to Section 3(d) and (iii) such date as of which all the Transfer Restricted Notes have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "“Shelf Registration Period"”). .
(d) The Company shall be deemed may suspend the use of the Prospectus for a period not to have used its best efforts exceed 30 days in any six-month period or an aggregate of 60 days in any twelve-month period for valid business reasons, to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, (ii) such action is taken be determined by the Company in good faith and for valid business reasons its reasonable judgment (not including avoidance of the Company's its obligations hereunder), including the acquisition including, without limitation, pending acquisitions or divestiture divestitures of assets, so long as mergers and combinations and similar events; provided that
(i) the Company promptly thereafter complies with the requirements of Section 5(j5(k) hereof, if applicable applicable;
(ii) the period during that the Registration Statement is required to be effective and usable shall be extended by the number of days during which such Registration Statement was not effective or usable pursuant to the foregoing provisions; and
(iii) the Additional Interest shall accrue on the Notes as provided in Section 4 hereof.
(e) No Holder of Transfer Restricted Notes may include any of its Transfer Restricted Notes in any Shelf Registration Statement pursuant to this Agreement unless and until such action Holder furnishes to the Company in writing, within 20 Business Days after receipt of a request therefor, such information as the Company may reasonably request for use in connection with any Shelf Registration Statement or Prospectus or preliminary Prospectus included therein. No Holder of Transfer Restricted Notes shall be entitled to Additional Interest pursuant to Section 4 hereof unless and until such Holder shall have used its best efforts to provide all such reasonably requested information. Each Holder of Transfer Restricted Notes as to which any Shelf Registration Statement is taken because of any fact or circumstance giving rise being effected agrees to a Supplement Delay Periodfurnish promptly to the Company all information required to be disclosed in order to make the information previously furnished to the Company by such Holder not misleading.
Appears in 1 contract
Sources: Registration Rights Agreement (Alliance One International, Inc.)
Shelf Registration. If, If (i) because of any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not permitted to effect the Exchange Offer as contemplated by Section 2 hereof, or (ii) the Company is not required to file the Exchange Offer Registration Statement nor permitted to Consummate the Registered Exchange Offer because the Registered Exchange Offer is not permitted by applicable law or Commission policy for any reason other than those specified in clause (i) above, or (iiiii) with respect to any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it such Holder is prohibited by applicable law or Commission policy from participating in the Registered Exchange Offer, or (B) it such Holder may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, prospectus and that the prospectus Prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales by such Holder, or (C) it such Holder is a broker-dealer an Exchanging Dealer and owns holds Initial Notes acquired directly from the Company or an Affiliate one of its affiliates (it being understood that, for purposes of this Section 43, (x) the requirement that an the Initial Purchaser Purchasers deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-S- K under the Securities Act in connection with sales of Exchange Notes acquired in exchange for such Notes shall result in such Exchange Notes being not "freely tradeable" but and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes being not "freely tradeable"), the following provisions shall apply:
(a) The Company shall shall, as promptly as practicable, file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities Notes or the Exchange Notes, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedStatement and Rule 415 under the Securities Act, howeverprovided that, that with respect to Exchange Notes received by an the Initial Purchaser Purchasers in exchange for Transfer Restricted Securities Initial Notes constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-post- effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company shall use its best efforts to cause the Shelf Registration Statement to be declared effective under the Securities Act on or prior to the 120th calendar day after the obligation to file a Shelf Registration Statement under this Section 3 arises and to keep the such Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof contained therein to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities Initial Notes or Exchange Notes, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it the Company voluntarily takes any action that would result in Holders of Transfer Restricted Securities Notes covered thereby not being able to offer and sell such securities Notes during that period, unless (i) such action is required by applicable law, (ii) the Company complies with this Agreement or (iii) such action is taken by the Company or any Guarantors in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j4(m) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodapplicable.
Appears in 1 contract
Sources: Registration Rights Agreement (Dobson Communications Corp)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Company is Commission’s staff, the Issuers and the Guarantors determine upon advice of their outside counsel that they are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; (ii) for any other reason the Registered Exchange Offer is not permitted consummated within 300 days of the date hereof; (iii) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by applicable law or Commission policy it following consummation of the Registered Exchange Offer, or (iiiv) any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (Aother than an Initial Purchaser) it is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, Issuers and the prospectus contained in the Exchange Offer Guarantors shall effect a Shelf Registration Statement is not appropriate or available for such resales or in accordance with subsection (Cb) it is a broker-dealer and owns Notes acquired directly from the Company or an Affiliate (it being understood that, for purposes of this Section 4, (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes acquired in exchange for such Notes shall result in such Exchange Notes being not "freely tradeable" but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes acquired in the Registered Exchange Offer in exchange for Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes being not "freely tradeable"), the following provisions shall apply:below.
(ai) The Company Issuers and the Guarantors shall as promptly as practicablepracticable (but in no event more than 180 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its their reasonable best efforts to cause to be declared effective under the Act on Act, within 270 days after so required or prior requested pursuant to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notesthis Section 3, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company Issuers and the Guarantors may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its their obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company Issuers and the Guarantors shall use its their reasonable best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) Statement under the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Act (in any such case, such period being called the "“Shelf Registration Period"”). The Company Issuers and the Guarantors shall be deemed not to have used its their reasonable best efforts to keep the Shelf Registration Statement effective during the requisite period if it either Issuer or any Guarantor voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company such Issuer or such Guarantor in good faith and for valid business reasons (not including avoidance of the Company's Issuers’ or the Guarantors’ obligations hereunder), including the acquisition or divestiture of assets, so long as the Company Issuers and the Guarantors promptly thereafter complies comply with the requirements of Section 5(j5(k) hereof, if applicable or applicable.
(iii) The Issuers and the Guarantors shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Act and the rules and regulations of the Commission; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
Appears in 1 contract
Sources: Exchange and Registration Rights Agreement (Plains All American Pipeline Lp)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; (ii) for any other reason the Registered Exchange Offer is not permitted consummated within 180 days of the date of the original issuance of the Securities; (iii) any Initial Purchaser so requests with respect to Securities that are not eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by applicable law or Commission policy or it following consummation of the Registered Exchange Offer; (iiiv) any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (Aother than an Initial Purchaser) it is prohibited by law or Commission policy from participating not eligible to participate in the Registered Exchange Offer, ; or (Bv) it may not resell in the Exchange Notes acquired by it case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to the public without delivering a prospectusSection 2(f) hereof, and the prospectus contained such Initial Purchaser does not receive freely tradeable New Securities in the Exchange Offer Registration Statement is not appropriate or available exchange for such resales or (C) it is a broker-dealer and owns Notes acquired directly from the Company or Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but "; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company shall as promptly as practicablepracticable (but in no event more than 30 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; providedPROVIDED, howeverHOWEVER, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and PROVIDED FURTHER, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(b) The Company shall use its best efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, (ii) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assets, so long as the Company promptly thereafter complies with the requirements of Section 5(j) hereof, if applicable or (iii) such action is taken because of any fact or circumstance giving rise to a Supplement Delay Period.Shelf
Appears in 1 contract
Sources: Registration Rights Agreement (International Speedway Corp)
Shelf Registration. If, a. If (i) due to any change in law or applicable interpretations thereof by the Company is Commission’s staff, the Issuers determine that they are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; (ii) for any other reason the Registered Exchange Offer is not permitted by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing consummated within 10 business 210 days of the filing and effectiveness under date hereof; (iii) the Act of the Exchange Offer Registration Statement Initial Purchaser so requests with respect to Securities that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may are not resell the Exchange Notes acquired by it eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer; (iv) any Holder (other than the Initial Purchaser) is not eligible to participate in the Registered Exchange Offer and notifies the Issuers of that fact prior to the public without delivering a prospectus, and the prospectus contained in completion of the Exchange Offer Registration Statement is not appropriate or available for such resales (along with an opinion of counsel opinion, in a form reasonably acceptable to the Issuers, which opines to the lack of eligibility); or (Cv) it is a broker-dealer and owns Notes acquired directly from in the Company case of the Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an Affiliate unsold allotment (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Securities Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "“freely tradeable" but ”; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "“freely tradeable"”), the following provisions Issuers shall apply:use their commercially reasonable efforts to effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company Issuers shall as promptly as practicablepracticable (but in no event more than 60 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best their commercially reasonable efforts to cause to be declared effective under the Securities Act on within 120 days after so required or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notesrequested, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than the Initial Purchaser) shall be entitled to have the Securities or New Securities, as applicable, held by it covered by such Shelf Registration Statement unless such Holder provides prompt notice to the Issuers as required by Section 3(a) above and agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an the Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company Issuers may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its their obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company Issuers shall use its best their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Securities Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years (the “Shelf Registration Period”) from the date the Shelf Registration statement Statement is declared effective by the Commission until the earlier of (A) the second anniversary of the Closing Date; or until one year after such effective (B) the date if such Shelf Registration Statement is filed at upon which all of the request of an Initial Purchaser) Securities or such shorter period that will terminate when (i) all the Transfer Restricted Securities New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities (in any such case, such period being called the "Shelf Registration Period"). The Company Issuers shall be deemed not to have used its best their commercially reasonable efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it they voluntarily takes take any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities at any time during that periodthe Shelf Registration Period, unless (i) such action is (x) required by applicable law, (ii) such action is taken law or otherwise undertaken by the Company Issuers in good faith and for valid business reasons (not including avoidance of the Company's Issuers’ obligations hereunder), including the acquisition or divestiture of assetsassets or a financing, so long as the Company promptly thereafter complies with the requirements of and (y) permitted pursuant to Section 5(j4(k)(ii) hereof, if applicable or .
(iii) The Issuers shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Securities Act; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein (in the case of the Prospectus, in the light of the circumstances under which they were made) not misleading; provided that the Issuers shall not be responsible for, and have no liability with respect to, Holder Information.
Appears in 1 contract
Sources: Registration Rights Agreement (Merge Healthcare Inc)
Shelf Registration. If, (i) because of any change in law or applicable interpretations thereof by the Company is Commission’s staff, Financing and Parent determine upon advice of outside counsel that they are not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because the Registered Exchange Offer is not permitted as contemplated by applicable law or Commission policy Section 2 hereof, or (ii) for any Holder of Transfer Restricted Securities notifies the Company in writing within 10 business days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may not resell the Exchange Notes acquired by it in the Registered Exchange Offer to the public without delivering a prospectus, and the prospectus contained in other reason the Exchange Offer Registration Statement is not appropriate declared effective by June 30, 2012 or available for such resales the Registered Exchange Offer is not consummated on or prior to the later of (x) July 30, 2012 and (y) 30 business days following the initial effectiveness date of the Exchange Offer Registration Statement, or (Ciii) it any Purchaser so requests with respect to Original Notes (or any New Notes received pursuant to Section 2(f)) not eligible to be exchanged for New Notes in a Registered Exchange Offer or, in the case of any Purchaser that participates in any Registered Exchange Offer, such Purchaser does not receive freely tradable New Notes, or (iv) any Holder (other than a Purchaser) is a broker-dealer not eligible to participate in the Registered Exchange Offer or (v) in the case of any such Holder that participates in the Registered Exchange Offer, such Holder does not receive freely tradable New Notes in exchange for tendered securities, other than by reason of such Holder being an affiliate of Financing and owns Notes acquired directly from Parent within the Company or an Affiliate meaning of the Securities Act (it being understood that, for purposes of this Section 43, (x) the requirement that an Initial a Purchaser deliver a Prospectus containing the information required by Items 507 and/or 508 of Regulation S-K under the Securities Act in connection with sales of Exchange New Notes acquired in exchange for such Original Notes shall result in such Exchange New Notes being not "“freely tradeable" ” but (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange New Notes acquired in the Registered Exchange Offer in exchange for Original Notes acquired as a result of market-making activities or other trading activities shall not result in such Exchange New Notes being not "“freely tradeable"”), the following provisions shall apply:
(a) The Company Financing and Parent shall as promptly as practicablepracticable (but in no event more than the later of (i) April 1, 2011 or (ii) 45 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best their commercially reasonable efforts to cause to be declared become effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Securities Act, or, if permitted by Rule 430B under the Securities Act, otherwise designate an existing registration statement filed with the Commission Delay Period) after the date of original issuance of the Notesas, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities Original Notes or the New Notes, as applicable, by the Holders from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration StatementStatement (such Original Notes or New Notes, as applicable, to be sold by such Holders under such Shelf Registration Statement being referred to herein as “Registration Securities”); provided, however, that that, with respect to Exchange New Notes received by an Initial a Purchaser in exchange for Transfer Restricted Securities Original Notes constituting any portion of an unsold allotment of Notesallotment, the Company Financing and Parent may, if permitted by current interpretations by the Commission's ’s staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Regulation S-K Items 507 and/or 508, as applicable, in satisfaction of its their obligations under this paragraph (a) with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement. Unless the Shelf Registration Statement is an automatic shelf registration statement (as defined in Rule 405 under the Securities Act), Financing and Parent shall include the information required by Rule 430B(b)(2)(iii) under the Securities Act.
(b) The Company Financing and Parent shall use its best their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from the date the Shelf Registration statement Statement becomes effective or is declared effective by the Commission (or until one year after designated as such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) or such shorter period that will terminate when (i) all the Transfer Restricted Securities Original Notes or New Notes, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "“Shelf Registration Period"”). The Company Financing and Parent shall be deemed not to have used its best their commercially reasonable efforts to keep the Shelf Registration Statement effective during the requisite period Shelf Registration Period if it Financing or Parent voluntarily takes any action that would result in Holders of Transfer Restricted Securities securities covered thereby not being able to offer and sell such securities during that period, unless (i) such action is required by applicable law, law or (ii) such action is taken by the Company such party in good faith and for valid business reasons (not including avoidance of the Company's obligations of Financing and Parent hereunder), including the acquisition or divestiture of assets, so long as the Company Financing and Parent promptly thereafter complies comply with the requirements of Section 5(j4(k) hereof, if applicable applicable.
(c) Financing and Parent may include in the Shelf Registration Statement up to $600,000,000 aggregate principal amount of Existing Notes or (iii) New Notes issued in exchange for Existing Notes, as applicable, to be offered and sold by the holders thereof from time to time in accordance with the methods of distribution elected by such action is taken because of any fact or circumstance giving rise to a Supplement Delay Periodholders and set forth in such Shelf Registration Statement.
Appears in 1 contract
Sources: Registration Agreement (Level 3 Communications Inc)
Shelf Registration. If, (a) If (i) due to any change in law or applicable interpretations thereof by the Commission's staff, the Company determines upon advice of its outside counsel that it is not required to file the Exchange Offer Registration Statement nor permitted to Consummate effect the Registered Exchange Offer because as contemplated by Section 2 hereof; (ii) for any other reason the Registered Exchange Offer is not permitted by applicable law or Commission policy or (ii) any Holder of Transfer Restricted Securities notifies the Company in writing consummated within 10 business 180 days of the filing and effectiveness under the Act of the Exchange Offer Registration Statement date hereof; (iii) any Initial Purchaser so requests with respect to Securities that (A) it is prohibited by law or Commission policy from participating in the Registered Exchange Offer, (B) it may are not resell the Exchange Notes acquired by it eligible to be exchanged for New Securities in the Registered Exchange Offer and that are held by it following consummation of the Registered Exchange Offer; (iv) any Holder is not eligible to the public without delivering a prospectus, and the prospectus contained participate in the Registered Exchange Offer Registration Statement is or does not appropriate or available for receive freely tradeable New Securities, other than by reason of such resales Holder being an Affiliate of the Company; or (Cv) it is a broker-dealer and owns Notes acquired directly from in the case of any Initial Purchaser that participates in the Registered Exchange Offer or acquires New Securities pursuant to Section 2(f) hereof, such Initial Purchaser does not receive freely tradeable New Securities in exchange for Securities constituting any portion of an unsold allotment, other than by reason of such Initial Purchaser being an Affiliate of the Company or an Affiliate (it being understood that, for purposes of this Section 4, that (x) the requirement that an Initial Purchaser deliver a Prospectus containing the information required by Items Item 507 and/or or 508 of Regulation S-K under the Act in connection with sales of Exchange Notes New Securities acquired in exchange for such Notes Securities shall result in such Exchange Notes New Securities being not "freely tradeable" but "; and (y) the requirement that an Exchanging Dealer deliver a Prospectus in connection with sales of Exchange Notes New Securities acquired in the Registered Exchange Offer in exchange for Notes Securities acquired as a result of market-making activities or other trading activities shall not result in such Exchange Notes New Securities being not "freely tradeable"), the following provisions Company shall apply:effect a Shelf Registration Statement in accordance with subsection (b) below.
(ai) The Company shall as promptly as practicablepracticable (but in no event more than 90 days after so required or requested pursuant to this Section 3), file with the Commission and thereafter shall use its best efforts to cause to be declared effective under the Act on or prior to 220 days (plus any additional days allowed as a result of a Commission Delay Period) after the date of original issuance of the Notes, a Shelf Registration Statement relating to the offer and sale of the Transfer Restricted Securities or the New Securities, as applicable, by the Holders thereof from time to time in accordance with the methods of distribution elected by such Holders and set forth in such Shelf Registration Statement; provided, however, that no Holder (other than an Initial Purchaser) shall be entitled to have the Securities held by it covered by such Shelf Registration Statement unless such Holder agrees in writing to be bound by all of the provisions of this Agreement applicable to such Holder; and provided further, that with respect to Exchange Notes New Securities received by an Initial Purchaser in exchange for Transfer Restricted Securities constituting any portion of an unsold allotment of Notesallotment, the Company may, if permitted by current interpretations by the Commission's staff, file a post-effective amendment to the Exchange Offer Registration Statement containing the information required by Item 507 or 508 of Regulation S-K Items 507 and/or 508K, as applicable, in satisfaction of its obligations under this paragraph (a) subsection with respect thereto, and any such Exchange Offer Registration Statement, as so amended, shall be referred to herein as, and governed by the provisions herein applicable to, a Shelf Registration Statement.
(bii) The Company shall use its best efforts to keep the Shelf Registration Statement continuously effective effective, supplemented and amended as required by the Act, in order to permit the Prospectus forming part thereof to be usable by Holders for a period of two years from after the date the Shelf Registration statement is declared effective by the Commission (or until one year after such effective date if such Shelf Registration Statement is filed at the request of an Initial Purchaser) Closing Date or such shorter period that will terminate when (i) all the Transfer Restricted Securities or New Securities, as applicable, covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration Statement, (ii) the date on which, in the opinion of counsel to the Company, all of the Transfer Restricted Securities then held by the Holders may be sold by such Holders in the public United States securities markets in the absence of a registration statement covering such sales or (iii) the date on which there ceases to be outstanding any Transfer Restricted Securities Statement (in any such case, such period being called the "Shelf Registration Period"). The Company shall be deemed not to have used its best efforts to keep the Shelf Registration Statement effective during the requisite period if it voluntarily takes any action that would result in Holders of Transfer Restricted Securities covered thereby not being able to offer and sell such securities Securities during that period, unless (iA) such action is required by applicable law, ; or (iiB) such action is taken by the Company in good faith and for valid business reasons (not including avoidance of the Company's obligations hereunder), including the acquisition or divestiture of assetsassets (to the extent permitted by the terms of the Indenture), so long as the Company promptly thereafter complies with the requirements of Section 5(j4(k) hereof, if applicable or applicable.
(iii) The Company shall cause the Shelf Registration Statement and the related Prospectus and any amendment or supplement thereto, as of the effective date of the Shelf Registration Statement or such action is taken because amendment or supplement, (A) to comply in all material respects with the applicable requirements of the Securities Act and the rules and regulations of the Commission; and (B) not to contain any untrue statement of a material fact or circumstance giving rise omit to state a Supplement Delay Periodmaterial fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
Appears in 1 contract
Sources: Registration Rights Agreement (Amc Entertainment Inc)