Common use of Delay in Filing; Suspension of Registration Clause in Contracts

Delay in Filing; Suspension of Registration. If a majority of the Board of Directors of the Company determines in good faith that the filing, initial effectiveness or continued use of a Shelf Registration Statement or a Demand Registration Statement at any time would (i) render the Company unable to comply with applicable securities laws, (ii) require the inclusion or filing of financial statements under Rules 3-05 or 3-14 or Article 11 under the Securities Act with respect to an acquisition at a significance level of greater than 50% that the Company is reasonably unable to include or file at such time or (iii) require the Company to make an Adverse Disclosure, the Company may, upon giving prompt written notice of such action to the Holders, delay the filing or initial effectiveness of, or suspend use of, such Registration Statement (a “Suspension”); provided, however, that the Company shall not be permitted to exercise a Suspension for a period of more than sixty (60) consecutive calendar days on any one occasion or an aggregate of ninety (90) days in any twelve (12) month period, and in any case not more than three (3) times in any twelve (12) month period. In the case of a Suspension, the Holders agree to suspend use of the applicable Prospectus in connection with any sale or purchase, or offer to sell or purchase, Registrable Securities, upon receipt of the notice referred to above, and agree to keep the fact of any Suspension strictly confidential. The Company shall immediately notify the Holders upon the termination of any Suspension, amend or supplement the Prospectus, if necessary, so it does not contain any untrue statement or omission and furnish to the Holders such numbers of copies of the Prospectus as so amended or supplemented as the Holders may reasonably request. The Company agrees, if necessary, to supplement or make amendments to any Registration Statement that is subject to a Suspension, if required by the Securities Act, including the undertakings required to be included in any Registration Statement pursuant to Item 512 of Regulation S-K.

Appears in 3 contracts

Samples: Registration Rights Agreement (American Realty Capital Hospitality Trust, Inc.), Registration Rights Agreement (Hospitality Investors Trust, Inc.), Management Agreement (American Realty Capital Hospitality Trust, Inc.)

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Delay in Filing; Suspension of Registration. If a majority of the Board of Directors of the Company determines in good faith that the filing, initial effectiveness or continued use of a Shelf Registration Statement or a Demand Registration Statement at any time would (i) render the Company unable to comply with applicable securities laws, (ii) require the inclusion or filing of financial statements under Rules 3-05 or 3-14 or Article 11 under the Securities Act with respect to an acquisition at a significance level of greater than 50% that the Company is reasonably unable to include or file at such time or (iii) require the Company to make an Adverse Disclosure, the Company may, upon giving prompt written notice of such action to the Holders, delay the filing or initial effectiveness of, or suspend use of, such the Demand Registration Statement (a “Demand Suspension”); provided, however, that the Company shall not be permitted to exercise a Demand Suspension (i) more than once during any 12-month period or (ii) for a period of more than sixty (60) consecutive calendar days on any one occasion or an aggregate of ninety (90) days in any twelve (12) month period, and in any case not more than three (3) times in any twelve (12) month periodexceeding 60 days. In the case of a Demand Suspension, the Holders agree to suspend use of the applicable Prospectus in connection with any sale or purchase, or offer to sell or purchase, Registrable Securities, upon receipt of the notice referred to above, and agree to keep the fact of any Suspension strictly confidential. The Company shall immediately notify the Holders in writing upon (a) the Company’s decision to file or seek effectiveness of such Demand Registration Statement following such Demand Suspension and (b) the effectiveness of such Demand Registration Statement. Notwithstanding the provisions of this Section 3.1.6, the Company may not postpone the filing or effectiveness of, or suspend use of, a Demand Registration Statement past the date upon which the applicable Adverse Disclosure is disclosed to the public or ceases to be material. During a Demand Suspension, the Company shall be prohibited from filing a registration statement for its own account or for the account of any other Holder or holder of its securities and, upon termination of any Demand Suspension, the Company shall promptly amend or supplement the Prospectus, if necessary, so it does not contain any untrue statement or omission and furnish to the Holders such numbers of copies of the Prospectus as so amended or supplemented as the Holders may reasonably request. The Company agreesshall, if necessary, to supplement or make amendments to any amend the Demand Registration Statement that is subject to a SuspensionStatement, if required by the registration form used by the Company for the Demand Registration or by the instructions applicable to such registration form or by the Securities ActAct or the rules or regulations promulgated thereunder or as may reasonably be requested by any of the Intel Investor, including the undertakings required to be included TPG Investor or the TB Investor that is participating in any Registration Statement pursuant to Item 512 of Regulation S-K.such Demand Registration.

Appears in 2 contracts

Samples: Registration Rights Agreement (McAfee Corp.), Registration Rights Agreement (McAfee Corp.)

Delay in Filing; Suspension of Registration. If a majority of the Board of Directors of the Company determines in good faith that the filing, initial effectiveness or continued use of a Shelf Registration Statement or a Demand Registration Statement at any time would (i) render the Company unable to comply with applicable securities laws, (ii) require the inclusion or filing of financial statements under Rules 3-05 or 3-14 or Article 11 under the Securities Act with respect to an acquisition at a significance level of greater than 50% that the Company is reasonably unable to include or file at such time or (iii) require the Company to make an Adverse Disclosure, the Company may, upon giving prompt written notice of such action to the Holders, delay the filing or initial effectiveness of, or suspend use of, such the Registration Statement (a “Suspension”); provided, however, that the Company shall not be permitted use its commercially reasonable efforts to exercise avoid exercising a Suspension (i) for a period of more than sixty (60) consecutive calendar exceeding 60 days on any one occasion or (ii) for an aggregate of ninety (90) more than 120 days in any twelve (12) month period, and in any case not more than three (3) times in any twelve (12) -month period. In the case of a Suspension, the Holders agree to suspend use of the applicable Prospectus in connection with any sale or purchase, or offer to sell or purchase, Registrable Securities, upon receipt of the notice referred to above, and agree to keep the fact of any Suspension strictly confidential. The Company shall immediately notify the Holders in writing upon the termination of any Suspension. The Company shall, if necessary, amend or supplement the Prospectus, if necessary, Prospectus so it does not contain any untrue statement or omission and furnish to the Holders such numbers of copies of the Prospectus as so amended or supplemented as the Holders may reasonably request. The Company agreesshall, if necessary, to supplement or make amendments to any amend the Registration Statement that is subject to a SuspensionStatement, if required by the registration form used by the Company for the Registration Statement or by the instructions applicable to such registration form or by the Securities Act, including Act or the undertakings required to rules or regulations promulgated thereunder or as may reasonably be requested by the Holders of a majority of Registrable Securities that are included in any such Registration Statement pursuant to Item 512 of Regulation S-K.Statement.

Appears in 2 contracts

Samples: Registration Rights Agreement (Excelerate Energy, Inc.), Registration Rights Agreement (Excelerate Energy, Inc.)

Delay in Filing; Suspension of Registration. If a majority of the Board of Directors of the Company determines in good faith that the filing, initial effectiveness or continued use of a Shelf Registration Statement or a Demand Registration Statement at any time would (i) render the Company unable to comply with applicable securities laws, (ii) require the inclusion or filing of financial statements under Rules 3-05 or 3-14 or Article 11 under the Securities Act with respect to an acquisition at a significance level of greater than 50% that the Company is reasonably unable to include or file at such time or (iii) require the Company to make an Adverse Disclosure, the Company may, upon giving prompt written notice of such action to the Holders, delay the filing or initial effectiveness of, or suspend use of, such the Demand Registration Statement (a “Demand Suspension”); provided, however, that the Company shall not be permitted to exercise a Demand Suspension (i) more than once during any 12-month period or (ii) for a period of more than sixty (60) consecutive calendar days on any one occasion or an aggregate of ninety (90) days in any twelve (12) month period, and in any case not more than three (3) times in any twelve (12) month periodexceeding 60 days. In the case of a Demand Suspension, the Holders agree to suspend use of the applicable Prospectus in connection with any sale or purchase, or offer to sell or purchase, Registrable Securities, upon receipt of the notice referred to above, and agree to keep the fact of any Suspension strictly confidential. The Company shall immediately notify the Holders in writing upon (a) the Company’s decision to file or seek effectiveness of such Demand Registration Statement following such Demand Suspension and (b) the effectiveness of such Demand Registration Statement. Notwithstanding the provisions of this Section 3.1.6, the Company may not postpone the filing or effectiveness of, or suspend use of, a Demand Registration Statement past the date upon which the applicable Adverse Disclosure is disclosed to the public or ceases to be material. During a Demand Suspension, the Company shall be prohibited from filing a registration statement for its own account or for the account of any other Holder or holder of its securities and, upon termination of any Demand Suspension, the Company shall promptly amend or supplement the Prospectus, if necessary, so it does not contain any untrue statement or omission and furnish to the Holders such numbers of copies of the Prospectus as so amended or supplemented as the Holders may reasonably request. The Company agreesshall, if necessary, to supplement or make amendments to any amend the Demand Registration Statement that is subject to a SuspensionStatement, if required by the registration form used by the Company for the Demand Registration or by the instructions applicable to such registration form or by the Securities Act, including Act or the undertakings required to rules or regulations promulgated thereunder or as may reasonably be included requested by any Sponsor Investor that is participating in any Registration Statement pursuant to Item 512 of Regulation S-K.such Demand Registration.

Appears in 2 contracts

Samples: Registration Rights Agreement (LifeStance Health Group, Inc.), Registration Rights Agreement (LifeStance Health Group, Inc.)

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Delay in Filing; Suspension of Registration. If a majority of In addition to the Board of Directors of periodic blackout periods set forth in Section 2(e) hereof, the Company determines in good faith that the filing, initial effectiveness or continued use of may suspend (i) its obligation to file a Shelf Registration Statement or a Demand Registration Statement at any time would (i) render the Company unable to comply with applicable securities laws, (ii) require the inclusion use of the Prospectus, in each case for a period not to exceed 45 days in the aggregate in any three-month period or 90 days in the aggregate in any 12-month period (the "Suspension Period") if the filing of a Registration Statement or use of the Prospectus would be adverse to the Company as determined by the Company in its sole reasonable judgment, including, without limitation, because such filing or use would require (x) disclosure of non-public information regarding the acquisition or divestiture of assets, pending corporate developments or similar events, (y) the preparation of additional financial statements under Rules 3-05 or 3-14 or Article 11 under the Securities Act with respect to an acquisition at a significance level of greater than 50% that the Company is reasonably unable to include or file at such time not then available or (iiiz) require because of an upcoming public filing with the Company to make an Adverse Disclosure, the Company maySEC, upon giving prompt written notice of such action (a "Suspension Notice") to the HoldersInvestment Manager, delay on behalf of the filing or initial effectiveness ofMaster Trust, or suspend use of, which notice need not specify the nature of the event giving rise to such Registration Statement (a “Suspension”); provided, however, that the Company shall not be permitted to exercise a Suspension for a period of more than sixty (60) consecutive calendar days on any one occasion or an aggregate of ninety (90) days in any twelve (12) month period, and in any case not more than three (3) times in any twelve (12) month periodsuspension. In the case event of such a Suspensionsuspension, the Holders agree obligations of the Company in respect of any Demand Registration Notice shall be suspended, and the Investment Manager, acting on behalf of the Master Trust, agrees to suspend use of the applicable Prospectus in connection with any a sale or purchase, or offer to sell or purchase, Registrable Securities, Securities upon receipt of the notice referred to above, Suspension Notice and agree further agrees to keep confidential the fact of that the Company has exercised its rights pursuant to this Section 2(f) and any Suspension strictly confidentialother information related to such exercise. The Company shall immediately notify the Holders Investment Manager, on behalf of the Master Trust, upon the termination of any Suspension, Suspension Period and amend or supplement the Prospectus, if necessary, so it does not contain any untrue statement or omission and furnish to the Holders such numbers of copies of the Prospectus as so amended or supplemented as the Holders may reasonably request. The Company agrees, if necessary, to supplement or make amendments to any Registration Statement that is subject to a Suspension, if required by the Securities Act, including the undertakings required to be included in any Registration Statement pursuant to Item 512 of Regulation S-K.accordance with Section 5(d) hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Agere Systems Inc)

Delay in Filing; Suspension of Registration. If a majority of the Board of Directors of the Company determines in good faith that the filing, initial effectiveness or continued use of a Shelf Registration Statement or a Demand Registration Statement at any time would (i) render the Company unable to comply with applicable securities laws, (ii) require the inclusion or filing of financial statements under Rules 3-05 or 3-14 or Article 11 under the Securities Act with respect to an acquisition at a significance level of greater than 50% that the Company is reasonably unable to include or file at such time or (iii) require the Company to make an Adverse Disclosure, the Company may, upon giving prompt written notice of such action to the Holders, delay the filing or initial effectiveness of, or suspend use of, such the Demand Registration Statement (a “Demand Suspension”); provided, however, that the Company shall not be permitted to exercise a Demand Suspension (i) more than two times during any 12-month period or (ii) for a period of more than sixty (60) consecutive calendar days on any one occasion or an aggregate of ninety (90) exceeding 120 days in any twelve (12) month period, and the aggregate in any case not more than three (3) times in any twelve (12) -month period. In the case of a Demand Suspension, the Holders agree to suspend use of the applicable Prospectus in connection with any sale or purchase, or offer to sell or purchase, Registrable Securities, upon receipt of the notice referred to above, and agree to keep the fact of any Suspension strictly confidential. The Company shall immediately notify the Holders in writing upon the termination of any Demand Suspension, amend or supplement the Prospectus, if necessary, so it does not contain any untrue statement or omission and furnish to the Holders such numbers of copies of the Prospectus as so amended or supplemented as the Holders may reasonably request. The Company agreesshall, if necessary, to supplement or make amendments to any amend the Demand Registration Statement that is subject to a SuspensionStatement, if required by the registration form used by the Company for the Demand Registration or by the instructions applicable to such registration form or by the Securities Act, including Act or the undertakings required to rules or regulations promulgated thereunder or as may reasonably be requested by the Holders of a majority of Registrable Securities that are included in any such Demand Registration Statement pursuant to Item 512 of Regulation S-K.Statement.

Appears in 1 contract

Samples: Registration Rights Agreement (WatchGuard, Inc.)

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