Common use of Shelf Takedown Notice Clause in Contracts

Shelf Takedown Notice. At any time that a Shelf Registration Statement is effective, if a holder of Registrable Securities covered by such Shelf Registration Statement delivers a notice to the Company (a “Shelf Takedown Notice”) stating that the holder intends to effect an offering of all or part of its Registrable Securities included in such Shelf Registration Statement (a “Shelf Takedown”) and the Company is eligible to use such Shelf Registration Statement for such Shelf Takedown, then the Company shall take all actions reasonably required, including amending or supplementing (a “Shelf Supplement”) such Shelf Registration Statement, to enable such Registrable Securities to be offered and sold as contemplated by such Shelf Takedown Notice. Each Shelf Takedown Notice shall specify the number of Registrable Securities to be offered and sold under the Shelf Takedown. The Company shall prepare and file with the Commission a Shelf Supplement within 10 Business Days after the date on which it received the Shelf Takedown Notice and, if such Shelf Supplement is an amendment to such Shelf Registration Statement, shall use its best efforts to cause such Shelf Supplement to be declared effective by the Commission as soon as practicable thereafter.

Appears in 1 contract

Sources: Registration Rights Agreement (Liberated Syndication Inc.)

Shelf Takedown Notice. At any time that a All requests for Shelf Registration Statement is effective, if a holder of Registrable Securities covered Takedowns shall be made only by such Shelf Registration Statement delivers a Providence giving written notice to the Company CSRA (a "Shelf Takedown Notice”) stating that the holder intends to effect an offering of all or part of its Registrable Securities included in such Shelf Registration Statement (a “Shelf Takedown”) and the Company is eligible to use such Shelf Registration Statement for such Shelf Takedown, then the Company shall take all actions reasonably required, including amending or supplementing (a “Shelf Supplement”) such Shelf Registration Statement, to enable such Registrable Securities to be offered and sold as contemplated by such Shelf Takedown Notice"). Each Shelf Takedown Notice shall specify the number of Providence Registrable Securities to be offered sold and sold under the intended methods of disposition. Within one (1) Business Day after receipt of any Shelf Takedown Notice for an Underwritten Offering, CSRA shall give written notice of such requested underwritten Shelf Takedown (which notice shall state the material terms of such proposed Shelf Takedown. The Company , to the extent known) to all other holders of Stockholder Registrable Securities and, subject to the provisions of Section 2.4, shall prepare and file include in such Shelf Takedown all Stockholder Registrable Securities with the Commission a Shelf Supplement respect to which CSRA has received written requests for inclusion therein within 10 two (2) Business Days after giving such notice; provided, that any such Stockholder Registrable Securities shall be sold subject to the date on which it received same terms as are applicable to the Providence Registrable Securities. For the avoidance of doubt, a Shelf Takedown Notice and, if may be given by Providence during a Blackout Period with such Shelf Supplement is an amendment Takedown to such Shelf Registration Statement, shall use its best efforts to cause such Shelf Supplement to be declared effective by occur immediately following the Commission as soon as practicable thereafterlater of the expiration of the notice periods described in the preceding sentence or the next succeeding Business Day following expiration of the Blackout Period.

Appears in 1 contract

Sources: Registration Rights Agreement (CSRA Inc.)