Common use of Effectiveness and Scope Clause in Contracts

Effectiveness and Scope. Lone Pine shall use its reasonable best efforts to cause the Mandatory Registration Statement to be declared effective by the Commission and/or a final receipt to be issued for the Mandatory Canadian Shelf Prospectus by the Principal Canadian Regulator within 120 days following the Demand Date, and to remain effective until, in the case of a Mandatory Registration Statement, the date on which all Shares in respect thereof cease to be Registrable Shares and, in the case of a Mandatory Canadian Shelf Prospectus, the earlier of the date on which Forest no longer holds any Registrable Shares and 25 months from the date on which the receipt is issued. The Mandatory Registration Statement and/or the Mandatory Canadian Shelf Prospectus shall provide for the resale from time to time, and pursuant to any method or combination of methods legally available (including an Underwritten Offering, a direct sale to purchasers, a sale through brokers or agents, or a sale over the internet), by Forest, as agreed to by Forest and its counsel.