Registration Procedures. In connection with the registration obligations of the Company under Section 2 hereof, the Company shall: (a) Prepare and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counsel. (b) Prepare and file with the SEC such amendments and post-effective amendments to each Shelf Registration Statement as may be necessary to keep such Shelf Registration Statement continuously effective until the expiration of the Effectiveness Period; cause the related Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; and use commercially reasonable efforts to comply with the provisions of the Securities Act applicable to it with respect to the disposition of all securities covered by such Shelf Registration Statement during the Effectiveness Period in accordance with the intended methods of disposition by the sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented. (c) As promptly as practicable give notice to the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) (i) when any Prospectus, Prospectus supplement, Shelf Registration Statement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of any proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply. (d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order. (e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law. (f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser). (g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein. (h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject. (i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period. (j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5. (k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods. (l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities. (m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company. (n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Registration Rights Agreement (Documentum Inc), Registration Rights Agreement (Emc Corp)
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(ai) Prepare and file with Not less than four (4) Trading Days prior to the SEC filing of a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements supplement thereto with the SEC(other than any document that would be incorporated or deemed to be incorporated therein by reference), the Company shall furnish to the Initial Purchaser Holder and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) Holder Counsel copies of all such documents proposed to be filed and use commercially reasonable efforts shall reasonably consider any comments thereto from the Holder and Holder Counsel. The Company shall not file a Registration Statement or any such Prospectus or any amendments or supplements thereto to reflect in each such document when so filed with the SEC such comments as the such counsel which Holder shall reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counselobject.
(bii) (w) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf the Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (x) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (y) respond reasonably promptly, to any comments received from the Commission with respect to the Registration Statement or any similar provisions then amendment thereto and as promptly as reasonably possible provide the Holder true and complete copies of all correspondence from and to the Commission relating to the Registration Statement; provided, however, the Company will not be required to provide copies of any correspondence that would result in force) under the Securities Actdisclosure to the Holder of material and non-public information concerning the Company unless the Holder has executed a confidentiality agreement with the Company; and use commercially reasonable efforts to (z) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Holder thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented.
(ciii) As Notify the Holder and Holder Counsel as promptly as practicable give reasonably possible, and (if requested by any such Person) confirm such notice to in writing no later than one Trading Day thereafter, of any of the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) following events: (i) when the Commission notifies the Company whether there will be a “review” of any Prospectus, Prospectus supplement, Shelf Registration Statement; (ii) the Commission comments in writing on any Registration Statement or post(in which case the Company shall deliver to the Holder a copy of such comments and of all written responses thereto; provided, however, the Company will not be required to provide copies of any responses that would result in the disclosure to the Holder of material and non-effective amendment to public information concerning the Company unless the Holder has executed a Shelf Registration Statement has been filed confidentiality agreement with the SEC and, with respect to a Shelf Company); (iii) any Registration Statement or any post-effective amendment, when the same has been amendment is declared effective, ; (iiiv) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC Commission or any other federal or state governmental authority for amendments requests any amendment or supplements supplement to any Shelf Registration Statement or related Prospectus or for requests additional information, information related thereto; (iiiv) of the issuance by the SEC or any other federal or state governmental authority of Commission issues any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of initiates any proceedings Proceedings for that purpose, ; (ivvi) of the receipt by the Company receives notice of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening threat of any proceeding Proceeding for such purpose, ; or (vvii) after the effective date of financial statements included or incorporated by reference in any Shelf Registration Statement filed pursuant become ineligible for inclusion or incorporation therein or any statement made in any Registration Statement or Prospectus or any document incorporated or deemed to this Agreement be incorporated therein by reference is untrue in any material respect or any revision to a Registration Statement, Prospectus or other document is required so that it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the occurrence of (but circumstances under which they were made, not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applymisleading.
(div) Use commercially reasonable best efforts to prevent avoid the issuance of, andof or, if issued, to obtain the withdrawal of (i) any order suspending the effectiveness of a Shelf any Registration Statement Statement, or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such orderas soon as practicable.
(ev) If requested by Furnish or make available to the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial PurchaserHolder Counsel, without charge, at least one (1) conformed copy of the Shelf each Registration Statement and any each amendment thereto, including financial statements (but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference reference, and all exhibits (exhibits, unless requested in writing to by the Company by Holder or Holder Counsel), and such Notice Holderother documents, as the Holder or Holder Counsel may reasonably request, promptly after the filing of such counsel or documents with the Initial Purchaser)Commission.
(gvi) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders Holder and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration StatementHolder Counsel, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and . Subject to Section 11(e), the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, the Holder in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in the manner set forth thereinthereto.
(hi) Prepare and timely file with each Trading Market an additional shares listing application covering all of the Registrable Securities; (ii) use reasonable best efforts to cause such Registrable Securities to be approved for listing on each Trading Market as soon as practicable thereafter; (iii) provide to the Holder evidence of such listing; and (iv) use reasonable best efforts to maintain the listing of such Registrable Securities on each such Trading Market or another Eligible Market.
(viii) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use commercially reasonable best efforts to register or qualify or cooperate with the Notice Holders Holder and Holder Counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice the Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of the Registrable Securities covered by a Registration Statement.
(ix) Cooperate with the Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by this Warrant, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subjectHolder may request.
(ix) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event described in clause (vii) of Section 11(b)(iii) of this Warrant, as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment, to the existence of any fact as a result of which any Shelf affected Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither the Registration Statement nor such Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Warrant Agreement (Numerex Corp /Pa/), Warrant Agreement (Qumu Corp)
Registration Procedures. In connection with If and whenever the registration obligations holders of Registrable Securities request that the Company under Section 2 hereof, the Company shall:
(a) Prepare offer and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or sale of any other appropriate form Registrable Securities be registered under the Securities Act available for or any Registrable Securities be distributed in a Shelf Takedown pursuant to the provisions of this Agreement, the Company shall use its best efforts to effect the registration of the offer and sale of the such Registrable Securities by under the Holders thereof Securities Act in accordance with the intended method or methods of distribution disposition thereof, and pursuant thereto the Company shall as soon as practicable and as applicable:
(a) subject to Section 2(a), Section 2(b) and Section 2(c), prepare and file with the Commission a Registration Statement covering such Registrable Securities and use commercially reasonable its best efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counsel.declared effective;
(b) Prepare in the case of a Long-Form Registration or a Short-Form Registration, prepare and file with the SEC Commission such amendments and amendments, post-effective amendments and supplements to each Shelf such Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf Registration Statement continuously effective until the expiration all of the Effectiveness Period; cause the related Prospectus to be supplemented by any required Prospectus supplement, such Registrable Securities have been disposed of and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; and use commercially reasonable efforts to comply with the provisions of the Securities Act applicable to it with respect to the disposition of all securities covered by such Shelf Registration Statement during the Effectiveness Period Registrable Securities in accordance with the intended methods of disposition by the sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented.Statement;
(c) As promptly as practicable give notice within a reasonable time before filing such Registration Statement, Prospectus or amendments or supplements thereto with the Commission, furnish to one counsel selected by holders of a majority of such Registrable Securities copies of such documents proposed to be filed, which documents shall be subject to the Notice Holdersreview, comment and approval of such counsel;
(d) notify each selling holder of Registrable Securities, promptly after the Initial Purchaser and counsel for Company receives notice thereof, of the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) (i) time when any Prospectus, Prospectus such Registration Statement has been declared effective or a supplement, Shelf Registration Statement or post-effective amendment to including a Shelf Supplement, to any Prospectus forming a part of such Registration Statement has been filed with the SEC andCommission;
(e) furnish to each selling holder of Registrable Securities such number of copies of the Prospectus included in such Registration Statement (including each preliminary Prospectus) and any supplement thereto, with respect to including a Shelf Registration Statement or any post-effective amendmentSupplement (in each case including all exhibits and documents incorporated by reference therein), when and such other documents as such seller may request in order to facilitate the same has been declared effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of any proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any disposition of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for owned by such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.seller;
(df) Use commercially reasonable use its best efforts to prevent register or qualify such Registrable Securities under such other securities or “blue sky” laws of such jurisdictions as any selling holder requests and do any and all other acts and things which may be necessary or advisable to enable such holders to consummate the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any disposition in such jurisdictions of the Registrable Securities for sale in any jurisdiction in which they have been qualified for saleowned by such holders; provided, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) thatqualify generally to do business, in the written opinion subject itself to general taxation or consent to general service of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities process in any jurisdiction where it would not otherwise be required to qualify do so but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.Section 5(f);
(ig) Upon (A) the issuance by the SEC notify each selling holder of such Registrable Securities, at any time when a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect Prospectus relating thereto is required to the Shelf Registration Statement be delivered under Section 8(d) or 8(e) of the Securities Act, (B) of the occurrence happening of any event or that would cause the existence of any fact as a result of which any Shelf Prospectus included in such Registration Statement shall to contain any an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements made therein, in the light of the circumstances under which they were made, not misleading, or (C) and, at the occurrence or existence request of any pending corporate development thatsuch holder, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (Company shall prepare a "Material Event"), (i) in the case of clause (B) supplement or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement Prospectus so that, as thereafter delivered to the related purchasers of such Registrable Securities, such Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does shall not contain any an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading;
(h) make available for inspection by any selling holder of Registrable Securities, and (z) any underwriter participating in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, any disposition pursuant to such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period attorney, accountant or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants other agent retained by any such Notice Holdersholder or underwriter (collectively, the “Inspectors”), all relevant financial and other records and records, pertinent corporate documents and properties of the Company and its subsidiaries(collectively, the “Records”), and cause the appropriate Company’s officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours supply all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants Inspector in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless Registration Statement;
(i) disclosure provide a transfer agent and registrar (which may be the same entity) for all such Registrable Securities not later than the effective date of such information registration;
(j) use its best efforts to cause such Registrable Securities to be listed on each securities exchange on which the Class A Common Stock is required then listed or, if the Class A Common Stock is not then listed, on a national securities exchange selected by court or administrative order or is necessary to respond to inquiries the holders of regulatory authorities, (ii) disclosure a majority of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.Registrable Securities;
(k) Comply in connection with an underwritten offering, enter into such customary agreements (including underwriting and lock-up agreements in customary form) and take all such other customary actions as the holders of such Registrable Securities or the managing underwriter of such offering request in order to expedite or facilitate the disposition of such Registrable Securities (including, without limitation, making appropriate officers of the Company available to participate in “road show” and other customary marketing activities (including one-on-one meetings with prospective purchasers of the Registrable Securities));
(l) otherwise use its best efforts to comply with all applicable rules and regulations of the SEC Commission and make generally available to its securityholders earning statements stockholders an earnings statement (which need not be audited) satisfying in a form that satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities ActAct or any successor rule thereto) no later than 45 thirty (30) days after the end of any the 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on beginning with the first day of the Company’s first full fiscal quarter of the Company commencing after the effective date of a Shelf such Registration Statement, which statements earnings statement shall cover said 12-month periods.period, and which requirement will be deemed to be satisfied if the Company timely files complete and accurate information on Forms 10-K, 10-Q and 8-K under the Exchange Act and otherwise complies with Rule 158 under the Securities Act or any successor rule thereto;
(lm) Cooperate furnish to each underwriter, if any, with each Notice Holder (i) a written legal opinion of the Company’s outside counsel, dated the closing date of the offering, in form and substance as is customarily given in opinions of the Company’s counsel to underwriters in underwritten registered offerings; and (ii) on the date of the applicable Prospectus, on the effective date of any post-effective amendment to the applicable Registration Statement and at the closing of the offering, dated the respective dates of delivery thereof, a “comfort” letter signed by the Company’s independent certified public accountants in form and substance as is customarily given in accountants’ letters to underwriters in underwritten registered offerings;
(n) without limiting Section 5(f), use its best efforts to cause such Registrable Securities to be registered with or approved by such other governmental agencies or authorities as may be necessary by virtue of the business and operations of the Company to enable the holders of such Registrable Securities to consummate the disposition of such Registrable Securities in accordance with their intended method of distribution thereof;
(o) notify the holders of Registrable Securities promptly of any request by the Commission for the amending or supplementing of such Registration Statement or Prospectus or for additional information;
(p) advise the holders of Registrable Securities, promptly after it shall receive notice or obtain knowledge thereof, of the issuance of any stop order by the Commission suspending the effectiveness of such Registration Statement or the initiation or threatening of any proceeding for such purpose and promptly use its best efforts to prevent the issuance of any stop order or to obtain its withdrawal at the earliest possible moment if such stop order should be issued;
(q) permit any holder of Registrable Securities which holder, in its sole and exclusive judgment, might be deemed to be an underwriter or a “controlling person” (within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange Act) (a “Controlling Person”) of the Company, to participate in the preparation of such Registration Statement and to require the insertion therein of language, furnished to the Company in writing, which in the reasonable judgment of such holder and its counsel should be included;
(r) cooperate with the holders of the Registrable Securities to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such the Registrable Securities to be in sold pursuant to such denominations as are permitted by the Indenture Registration Statement or Rule 144 free of any restrictive legends and representing such number of shares of Class A Common Stock and registered in such names as such Notice Holder the holders of the Registrable Securities may reasonably request in writing at least (2) Business Days a reasonable period of time prior to any sale sales of Registrable Securities pursuant to such Registrable Securities.Registration Statement or Rule 144; provided, that the Company may satisfy its obligations hereunder without issuing physical stock certificates through the use of the Depository Trust Company’s Direct Registration System (the “DTCDRS”);
(ms) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement Statement, provide a CUSIP number for all Registrable Securities and provide the Trustee and the applicable transfer agent for the Common Stock with printed certificates for the Registrable Securities that which are in a form eligible for deposit with The Depository Trust Company.; provided, that the Company may satisfy its obligations hereunder without issuing physical stock certificates through the use of the DTCDRS;
(nt) Cooperate and assist in take no direct or indirect action prohibited by Regulation M under the Exchange Act; provided, that, to the extent that any filings rprohibition is applicable to the Company, the Company will take all reasonable action to make any such prohibition inapplicable; and
(u) otherwise use its best efforts to take all other steps necessary to effect the registration of such Registrable Securities contemplated hereby.
Appears in 2 contracts
Sources: Stockholders Agreement (P10, Inc.), Stockholders Agreement (P10, Inc.)
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than three Trading Days prior to the SEC a Shelf filing of each Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements supplement thereto with the SEC(excluding any document that would be incorporated or deemed incorporated therein by reference), the Company shall shall, (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) each Holder copies of all such documents proposed to be filed filed, which documents (other than those incorporated or deemed to be incorporated by reference) will be subject to the review of such Holders, and use commercially (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel to reflect in each such document when so filed with conduct a reasonable investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery Securities Act. The Company shall not file the Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of a majority of the Registrable Securities shall reasonably and in good faith object, provided, the Company is notified of such objection in writing no later than 3 Trading Days after the Holders have been so furnished copies to the Initial Purchaser and of such counseldocuments.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf a Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf a Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplementsupplement (subject to the terms of this Agreement), and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible, and in any event within 15 Trading Days, to any comments received from the Commission with respect to a Registration Statement or any similar provisions then in force) under amendment thereto and as promptly as reasonably possible provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to a Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf a Registration Statement during the Effectiveness Period applicable period in accordance (subject to the terms of this Agreement) with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As If during the Effectiveness Period, the number of Registrable Securities at any time exceeds 100% of the number of shares of Common Stock then registered in a Registration Statement, then the Company shall file as soon as reasonably practicable but in any case prior to the 30th day following the date such number is exceeded, an additional Registration Statement covering the resale of by the Holders of not less than all of such Registrable Securities and the Company shall use commercially reasonable efforts to cause such Registration Statement to be declared effective as soon as reasonably practicable thereafter.
(d) Notify the Holders of Registrable Securities to be sold (which notice shall, pursuant to clauses (ii) through (vi) hereof, be accompanied by an instruction to suspend the use of the Prospectus until the requisite changes have been made) as promptly as practicable give reasonably possible and (if requested by any such Person) confirm such notice to in writing no later than two Trading Days following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with is filed; (B) when the SEC and, Commission notifies the Company whether there will be a "review" of such Registration Statement and whenever the Commission comments in writing on such Registration Statement (the Company shall provide true and complete copies thereof and all written responses thereto to each of the Holders); and (C) with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf a Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of or details concerning) financial statements included in a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (ineligible for inclusion therein or as required pursuant to Section 3(i)), state that it constitutes any statement made in a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing to the Company by such Notice Holder, such counsel any material respect or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with that requires any sale of Registrable Securities pursuant revisions to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holderother documents so that, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC case of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading misleading; and (it being understood vi) the occurrence or existence of any pending corporate development with respect to the Company that the Company believes may rely on information provided be material and that, in the determination of the Company, makes it not in the best interests of the Company to allow continued availability or the Registration Statement or Prospectus.
(e) Promptly deliver to each Holder, without charge, as many copies of the Prospectus or Prospectuses (including each form of prospectus) and each amendment or supplement thereto as such Persons may reasonably request. Subject to the terms of this Agreement, the Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by each Notice Holder of the selling Holders in connection with respect to such Notice Holder), as thereafter delivered to the purchasers offering and sale of the Registrable Securities being sold thereundercovered by such Prospectus and any amendment or supplement thereto.
(f) Use commercially reasonable efforts to register or qualify the resale of such Registrable Securities as required under applicable securities or Blue Sky laws of each State within the United States as any Holder requests in writing, andto keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period; provided, that the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified or subject the case Company to any material tax in any such jurisdiction where it is not then so subject.
(g) Cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request.
(h) Upon the occurrence of any event contemplated by this Section 3, as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment amendment, to a Shelf Registration Statement, subject Statement or a supplement to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of related Prospectus or any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are document incorporated or deemed to be incorporated therein by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) abovereference, and file any other required document so that, as promptly as is practicablethereafter delivered, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf neither a Registration Statement does not nor such Prospectus will contain any an untrue statement of a material fact or omits omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. If the Company notifies the Holders in accordance with clauses (ii) through (vi) of Section 3(d) above to suspend the use of the use of any Prospectus until the requisite changes to such Prospectus have been made, or the Company otherwise notifies the Holders of its election to suspend the availability of a Registration Statement and Prospectus pursuant to clause (zvi) of Section 3(d), then the Holders shall suspend use of such Prospectus. The Company will use its best efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable, except that in the case of suspension of the availability of a Registration Statement and Prospectus pursuant to clause (Cvi) aboveof Section 3(d), the Company shall not be required to take such action until such time as soon as, it shall determine that the continued availability of the Registration Statement and Prospectus is no longer not in the reasonable discretion best interests of the Company, such suspension is no longer appropriate. The period during which Company shall be entitled to exercise its right under this Section 3(h) to suspend the availability of the Shelf a Registration Statement and any Prospectus may be suspended (Prospectus, subject to the "Suspension Period") without the Company incurring any obligation to pay payment of liquidated damages pursuant to Section 2(e) shall 2(b), for a period not to exceed thirty (30) 60 consecutive days or for multiple periods not to exceed 90 days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) 12 month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available Commission.
(j) Use its best efforts to its securityholders earning statements avoid the issuance of, or, if issued, obtain the withdrawal of (which need not be auditedi) satisfying any order suspending the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date effectiveness of a Shelf Registration Statement, which statements shall cover said 12-month periodsor (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, at the earliest practicable moment.
(lk) Cooperate with The Company may require, at any time prior to the third Trading Day prior to the Filing Date, each Notice Holder to facilitate furnish to the timely preparation and delivery Company a statement as to the number of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statementshares of Common Stock beneficially owned by such Holder and, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted if requested by the Indenture Commission, the person thereof that has voting and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior dispositive control over the Shares, within three Trading days of the Company's request. During any periods that the Company is unable to any sale meet its obligations hereunder with respect to the registration of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities solely because any Holder fails to furnish such information within three Trading Days of the Company's request, any liquidated damages that are in a form eligible for deposit with The Depository Trust accruing at such time shall be tolled and any Event of Default that may otherwise occur solely because of such delay shall be suspended, until such information is delivered to the Company.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Registration Rights Agreement (Matritech Inc/De/), Registration Rights Agreement (Matritech Inc/De/)
Registration Procedures. In connection with the Promptly after Grantee's request for registration obligations of the Company under Section 2 hereofhereunder, the Company Diana shall:
(a) Prepare and file with the SEC a Shelf Commission the Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereofStatement, and use commercially its reasonable best efforts to cause each such Shelf Registration Statement to become effective and remain effective all as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect set forth in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counsel.paragraph 1;
(b) Prepare and file with the SEC Commission such amendments and post-effective amendments to each Shelf such Registration Statement and supplements to the prospectus contained therein as may be necessary to keep such Shelf Registration Statement continuously effective until for such period as may be reasonably necessary to effect the expiration sale of the Effectiveness Period; cause the related Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 such securities;
(or any similar provisions then in forcec) under the Securities Act; and use commercially reasonable [Reserved];
(d) Use its best efforts to comply with register or qualify the provisions of the Securities Act applicable to it with respect to the disposition of all securities covered by such Shelf Registration Statement during under such state securities or blue sky laws of such jurisdictions as Grantee may reasonably request in writing except that Diana shall not ▇▇▇ any purpose be required to execute a general consent to service or process or to qualify to do business as a foreign corporation in any jurisdiction wherein it is not so qualified;
(e) Notify Grantee promptly after it shall receive notice thereof, of the Effectiveness Period in accordance with the intended methods of disposition by the sellers thereof set forth in time when such Shelf Registration Statement as so amended has become effective or a supplement to any prospectus forming a part of such Prospectus as so supplemented.
(c) As promptly as practicable give notice to the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) (i) when any Prospectus, Prospectus supplement, Shelf Registration Statement or post-effective amendment to a Shelf Registration Statement has been filed with filed;
(f) Notify Grantee promptly of any request by the SEC and, with respect to a Shelf Commission for the amending or supplementing of such Registration Statement or prospectus or for additional information;
(g) Prepare and file with the Commission, promptly upon the request of Grantee, any post-effective amendmentamendments or supplements to such Registration Statement or prospectus which, when in the same has been declared effectiveopinion of counsel for Grantee, (ii) of any request, following is required under the effectiveness Securities Act or the rules and regulations thereunder in connection with the distribution of the Initial Shelf Diana Shares of ▇▇▇▇tee, including any amendments or supplements requested by Grantee related to a change in the plan of distribution of securities by Grantee;
(h) Prepare and promptly file with the Commission and promptly notify Grantee of the filing of such amendment or supplement to such Registration Statement or prospectus as may be necessary to correct any statements or omissions if, at the time when a prospectus relating to such securities is required to be delivered under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of any proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information occurred as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, such prospectus or any Prospectus shall contain any other prospectus as then in effect would include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under in which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), ;
(i) in Advise Grantee promptly after it shall receive notice or obtain knowledge thereof, of the case issuance of clause (B) or (C) above, subject to any stop order by the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to Commission suspending the effectiveness of such Shelf Registration Statement or a supplement to the related Prospectus initiation or threatening of any document incorporated therein by reference or file any other required document proceeding for that would be incorporated by reference into such Shelf Registration Statement purpose and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, promptly use commercially its reasonable best efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to prevent the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt issuance of any Suspension Notice, each Notice Holder agrees not stop order or to sell any Registrable Securities pursuant to obtain its withdrawal if such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may stop order should be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.issued;
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of Not file any amendment or supplement to such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or prospectus to which Grantee shall have reasonably objected on the use of any Prospectus referred to grounds that such amendment or supplement does not comply in this Agreement), (iii) such information becomes generally available to all material respects with the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) requirements of the Securities Act or the rules and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days regulations thereunder, after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is having been furnished with a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing copy thereof at least (2) Business Days five business days prior to the filing thereof, unless in the opinion of counsel for Diana the filin▇ ▇▇ such amendment or supplement is reasonably necessary to protect Diana from any sale of ▇▇▇▇▇lities under any applicable federal or state law and such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement filing will not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings rviolate applicable law; and
Appears in 2 contracts
Sources: Stock Option Agreement (Diana Corp), Stock Option Agreement (Diana Corp)
Registration Procedures. In connection with the registration obligations filing of any Registration Statement pursuant to Section 2 or 3 hereof, the Company shall effect such registrations to permit the sale of the securities covered thereby in accordance with the intended method or methods of disposition thereof, and pursuant thereto and in connection with any Registration Statement filed by the Company under Section 2 hereof, hereunder the Company shall:
(a) Prepare and file with the SEC prior to the Filing Date, a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereofStatement, and use commercially reasonable its best efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that provided, however, that, before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto, the Company shall furnish to and afford the Holders of the Registrable Securities covered by such Registration Statement, their counsel and the managing underwriters, if any, a reasonable opportunity to review copies of all such documents (including, if requested in writing, copies of any documents to be incorporated by reference therein and all exhibits thereto) proposed to be filed (in each case at least five business days prior to such filing). The Company shall not file any Registration Statement or Prospectus or any amendments or supplements thereto with if the SECHolders of a majority of shares of Registrable Securities covered by such Registration Statement, their counsel, or the managing underwriters, if any, shall reasonably object within two business days after the receipt thereof. Notwithstanding anything to the contrary contained in this Agreement, the Company shall furnish not be required to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (orengage in more than one Underwritten Offering, if applicableany, separate counsel for the Holders) copies of all such documents proposed pursuant to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counselthis Agreement.
(b) Prepare and file with the SEC such amendments and post-effective amendments to each Shelf Demand Registration Statement Statement, as may be necessary to keep such Shelf Registration Statement continuously effective until the expiration of for the Effectiveness Period; cause the related Prospectus to be supplemented by any Prospectus supplement required Prospectus supplementby applicable law, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) promulgated under the Securities Act; and use commercially reasonable efforts to comply with the provisions of the Securities Act and the Exchange Act applicable to it with respect to the disposition of all securities covered by such Shelf Registration Statement during the Effectiveness Period in accordance with the intended methods of disposition by the sellers thereof set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As promptly as practicable give notice to Notify the Notice Holdersselling Holders of Registrable Securities, their counsel and the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (ormanaging underwriters, if applicableany, separate counsel for the Holders) reasonably promptly (but in any event within five business days), and confirm such notice in writing, (i) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC filed, and, with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement become effective under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional information, (iiiii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of any proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Registration Rights Agreement (Marquee Group Inc), Registration Rights Agreement (Marquee Group Inc)
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than three (3) Trading Days prior to the SEC a Shelf filing of each Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements supplement thereto with the SEC(excluding any document that would be incorporated or deemed incorporated therein by reference), the Company shall shall, (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) each Holder copies of all such documents proposed to be filed filed, which documents (other than those incorporated or deemed to be incorporated by reference) will be subject to the review of such Holders, and use commercially (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel to reflect conduct a reasonable investigation within the meaning of the Securities Act. The Company shall not file the Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of a majority of the Registrable Securities shall reasonably and in each good faith object, provided, the Company is notified of such document when so filed with the SEC such comments as the such counsel reasonably shall propose within objection in writing no later than three (3) Business Trading Days of after the delivery Holders have been so furnished copies of such copies to the Initial Purchaser and such counseldocuments.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf a Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf a Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplementsupplement (subject to the terms of this Agreement), and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible, and in any event within 15 Trading Days, to any comments received from the Commission with respect to a Registration Statement or any similar provisions then in force) under amendment thereto and as promptly as reasonably possible provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to a Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf a Registration Statement during the Effectiveness Period applicable period in accordance (subject to the terms of this Agreement) with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As If during the Effectiveness Period, the number of Registrable Securities at any time exceeds 75% of the number of shares of Common Stock then registered in a Registration Statement, then the Company shall file as soon as reasonably practicable but in any case prior to the applicable Filing Date, an additional Registration Statement covering the resale of by the Holders of not less than 200% of the number of such Registrable Securities.
(d) Notify the Holders of Registrable Securities to be sold (which notice shall, pursuant to clauses (ii) through (vi) hereof shall be accompanied by an instruction to suspend the use of the Prospectus until the requisite changes have been made) as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than five (5) Trading Days prior to such filing) and (if requested by any such Person) confirm such notice to in writing no later than one (1) Trading Day following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a "review" of such Registration Statement and whenever the Commission comments in writing on such Registration Statement (the Company shall provide true and complete copies thereof and all written responses thereto to each of the Holders); and (C) with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf a Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of or details concerning) financial statements included in a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (ineligible for inclusion therein or as required pursuant to Section 3(i)), state that it constitutes any statement made in a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing to the Company by such Notice Holder, such counsel any material respect or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with that requires any sale of Registrable Securities pursuant revisions to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holderother documents so that, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC case of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading misleading; and (it being understood vi) the occurrence or existence of any pending corporate development with respect to the Company that the Company believes may rely on information provided be material and that, in the determination of the Company, makes it not in the best interests of the Company to allow continued availability or the Registration Statement or Prospectus.
(e) Promptly deliver to each Holder, without charge, as many copies of the Prospectus or Prospectuses (including each form of prospectus) and each amendment or supplement thereto as such Persons may reasonably request. Subject to the terms of this Agreement, the Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by each Notice Holder of the selling Holders in connection with respect to such Notice Holder), as thereafter delivered to the purchasers offering and sale of the Registrable Securities being sold thereundercovered by such Prospectus and any amendment or supplement thereto.
(f) Use commercially reasonable efforts to register or qualify the resale of such Registrable Securities as required under applicable securities or Blue Sky laws of each State within the United States as any Holder requests in writing, andto keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period; provided, that the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified or subject the case Company to any material tax in any such jurisdiction where it is not then so subject.
(g) Cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request.
(h) Upon the occurrence of any event contemplated by this Section 3, as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment amendment, to a Shelf Registration Statement, subject Statement or a supplement to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of related Prospectus or any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are document incorporated or deemed to be incorporated therein by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) abovereference, and file any other required document so that, as promptly as is practicablethereafter delivered, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf neither a Registration Statement does not nor such Prospectus will contain any an untrue statement of a material fact or omits omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without If the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days notifies the Holders in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection accordance with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, clauses (ii) disclosure through (vi) of such information is required by law (including any disclosure requirements pursuant Section 3(d) above to federal securities laws in connection with suspend the filing use of any Shelf Registration Statement or the use of any Prospectus referred until the requisite changes to in this Agreementsuch Prospectus have been made, or the Company otherwise notifies the Holders of its election to suspend the availability of a Registration Statement and Prospectus pursuant to clause (vi) of Section 3(d), (iii) then the Holders shall suspend use of such information becomes generally available Prospectus. The Company will use its best efforts to ensure that the public other than use of the Prospectus may be resumed as a result promptly as is practicable, except that in the case of suspension of the availability of a disclosure or failure Registration Statement and Prospectus pursuant to safeguard by any such person or clause (ivvi) such information becomes available to any such person from a source other than of Section 3(d), the Company shall not be required to take such action until such time as it shall determine that the continued availability of the Registration Statement and such source Prospectus is no longer not bound by a confidentiality agreement or is not otherwise under a duty in the best interests of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(ki) Comply with all applicable rules and regulations of the SEC and make generally available Commission.
(j) Use its best efforts to its securityholders earning statements avoid the issuance of, or, if issued, obtain the withdrawal of (which need not be auditedi) satisfying any order suspending the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date effectiveness of a Shelf Registration Statement, which statements shall cover said 12-month periodsor (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, at the earliest practicable moment.
(lk) Cooperate with The Company may require, at any time prior to the third (3rd) Trading Day prior to the Filing Date, each Notice Holder to facilitate furnish to the timely preparation and delivery Company a statement as to the number of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statementshares of Common Stock beneficially owned by such Holder and, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted if requested by the Indenture and registered in such names as such Notice Holder may request in writing at least Commission, the controlling person thereof, within three (23) Business Days prior Trading days of the Company's request. During any periods that the Company is unable to any sale meet its obligations hereunder with respect to the registration of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities solely because any Holder fails to furnish such information within three (3) Trading Days of the Company's request, any liquidated damages that are in a form eligible for deposit with The Depository Trust accruing at such time shall be tolled and any Event of Default that may otherwise occur solely because of such delay shall be suspended, until such information is delivered to the Company.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Registration Rights Agreement (Smartire Systems Inc), Securities Purchase Agreement (Smartire Systems Inc)
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than two (2) Business Days prior to the SEC a Shelf filing of the Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements thereto with the SECsupplement thereto, the Company shall (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed (including documents incorporated or deemed incorporated by reference to the extent requested by such person and use commercially reasonable efforts to reflect in each such document when so not already filed by the Company with the SEC Commission) which documents will be subject to the review of such comments Holders, and (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the such reasonable opinion of respective legal counsel reasonably shall propose to conduct a reasonable investigation within three (3) Business Days the meaning of the delivery Securities Act. The Company shall not file the Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of a majority of the SALT Registrable Securities shall reasonably object in good faith; provided, however, that any period of time which the Registration Statement is delayed due to a willful breach of this Registration Rights Agreement by the Company will be added to such copies to the Initial Purchaser and such counselfiling date.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf the Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf the Registration Statement continuously effective until as to the expiration of SALT Registrable Securities for the Effectiveness Period; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) consistent with Section 2(a) above, respond as promptly as reasonably possible to any comments received from the Commission with respect to the Registration Statement or any similar provisions then in force) under the Securities Actamendment thereto; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities SALT Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period in accordance with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As Notify the Holders of SALT Registrable Securities to be sold as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than two (2) Business Days prior to such filing) and (if requested by any such person) confirm such notice to in writing promptly following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) day (i) (A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf the Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a "review" of the Registration Statement and whenever the Commission comments in writing on the Registration Statement (the Company shall upon request provide true and complete copies thereof and all written responses thereto as promptly as reasonably possible to each of the Holders who so requests provided such requesting Holders agree to keep such information confidential until it is publicly disclosed); and (C) with respect to a Shelf the Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority during the period of effectiveness of the Registration Statement for amendments or supplements to any Shelf the Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC Commission or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf the Registration Statement covering any or all of the SALT Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the SALT Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, and (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of or details concerning) a Material Event and (vi) of financial statements included in the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with ineligible for inclusion therein or any statement made in the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing any material respect or that requires any revisions to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without chargeProspectus or other documents so that, as many copies in the case of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (provided that such Holder of SALT Registrable Securities agrees to keep such information confidential until it being understood is publicly disclosed).
(d) Use its commercially reasonable efforts to avoid the issuance of, or, if issued, obtain the withdrawal of (i) any order suspending the effectiveness of the Registration Statement, or (ii) any suspension of the qualification (or exemption from qualification) of any of the SALT Registrable Securities for sale in any jurisdiction, at the earliest practicable moment.
(e) To the extent requested by such Holders, furnish to each Holder, without charge, at least one conformed copy of the Registration Statement and each amendment thereto, including financial statements and schedules promptly after the filing of such documents with the Commission.
(f) Promptly deliver to each Holder, without charge, as many copies of the Prospectus or Prospectuses (including each form of prospectus) and each amendment or supplement thereto as such persons may reasonably request in connection with resales by the Holder of SALT Registrable Securities. The Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by each of the selling Holders in connection with the offering and sale of the SALT Registrable Securities covered by such Prospectus and any amendment or supplement thereto, except after the giving of any notice pursuant to Section 3(c).
(g) Use its commercially reasonable efforts to register or qualify or cooperate with the selling Holders in connection with the registration or qualification (or exemption from the Registration or qualification) of such SALT Registrable Securities for the resale by the Holder under the securities or Blue Sky laws of such jurisdictions within the United States as any Holder reasonably requests in writing, to keep each of the registration or qualification (or exemption therefrom) effective during the Effectiveness Period and to do any and all other acts or things reasonably necessary to enable the disposition in such jurisdictions of the SALT Registrable Securities covered by the Registration Statement; provided, that the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified, subject the Company to any material tax in any such jurisdiction where it is not then so subject or file a general consent to service of process in any such jurisdiction.
(h) If requested by the Holders, cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing SALT Registrable Securities to be delivered to a transferee that were validly sold pursuant to an effective Registration Statement, which certificates shall be free, of all restrictive legends, and to enable such SALT Registrable Securities to be in such denominations and registered in such names as any such Holders may rely on information provided request.
(i) Upon the occurrence of any event contemplated by each Notice Holder with respect to such Notice HolderSection 3(c)(v), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunderpromptly as reasonably possible, andprepare a supplement or amendment, in the case of including a post-effective amendment to a Shelf Registration Statementamendment, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice Registration Statement or a supplement to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of related Prospectus or any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are document incorporated or deemed to be incorporated therein by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) abovereference, and file any other required document so that, as promptly as is practicablethereafter delivered, (y) in neither the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not nor such Prospectus will contain any an untrue statement of a material fact or omits omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. The Company may require each selling Holder to furnish to the Company a certified statement as to the number of shares of Common Stock beneficially owned by such Holder and the person thereof that has voting and dispositive control over the Warrant Shares, and (z) for purposes of disclosure in the case of clause (C) above, as soon as, "Selling Stockholder" table in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Registration Rights Agreement (Star Bulk Carriers Corp.), Registration Rights Agreement (Star Bulk Carriers Corp.)
Registration Procedures. For the purposes of this Section 3, the Tranche A Registration Statement and the Tranche B Registration Statement are sometimes referred to collectively as the "Registration Statements." In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with the SEC a Shelf Registration Statement or Shelf Commission within the time periods set forth in Section 2 the Registration Statements on Form S-1 or S-3 or any other SB-2 or, if Form SB-2 is not available, another appropriate form under the Securities Act available for the sale permitting registration of the Registrable Securities for resale by the Holders thereof in accordance with the intended method or methods of distribution thereofthereof as specified by the Holders, and use commercially reasonable its best efforts to cause each such Shelf the Registration Statement Statements to become effective and remain effective as provided herein; provided that before provided, however that, subject only to the Holders providing to the Company in writing information relating to the Holders' proposed method of distribution of Registrable Securities and such other information required by law, not less than ten (10) days prior to the filing of the Registration Statements or any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements supplement thereto with the SEC(including any document that would be incorporated or deemed to be incorporated therein by reference), the Company shall (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed filed, which documents (other than those incorporated or deemed to be incorporated by reference) will be subject to the review of such Holders, and use commercially (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the opinion of counsel to such Holders, to conduct a reasonable efforts to reflect in each such document when so filed with investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery Securities Act. The Holders shall have five days after receipt of the Registration Statements or any related Prospectus or any amendment or supplement thereto to comment on or object to the filing of such copies documents. The Company shall not file the Registration Statements or any such Prospectus or any amendments or supplements thereto without including any comments reasonably requested by the Holders and shall not file any such documents to which the Initial Purchaser and such counselHolders of a majority of the Registrable Securities shall object.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf the Registration Statement Statements as may be necessary to keep such Shelf the Registration Statement Statements continuously effective until for the expiration of the Effectiveness Periodapplicable time period; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 (or any similar provisions then in force) promulgated under the Securities Act; (iii) respond as promptly as practicable to any comments received from the Commission with respect to the Registration Statements or any amendment thereto; and use commercially reasonable efforts to (iv) comply with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition registration of all securities Registrable Securities covered by such Shelf the Registration Statement Statements during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf the Registration Statement Statements as so amended or in such Prospectus as so supplemented.
(c) As promptly as practicable give notice to the Notice Holders, the Initial Purchaser and counsel for Notify the Holders of Registrable Securities to be sold immediately (and, in the case of (i)(A) below, not less than three Business Days prior to such filing) and for (if requested by any such Person) confirm such notice in writing no later than one Business Day following the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf the Registration Statement has been filed with the SEC and, Statements is proposed to be filed; and (B) with respect to a Shelf the Registration Statement Statements or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal or state governmental authority for amendments or supplements to any Shelf the Registration Statement Statements or related Prospectus or for additional information, ; (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of the Registration Statements covering any Shelf Registration Statement or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) if at any time the Registration Statements become stale and are no longer effective; (v) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event ; and (vi) of the determination occurrence of any event that makes any statement made in the Registration Statements or Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires any revisions to the Company that a post-effective amendment to a Shelf Registration Statement will be filed with Statements, Prospectus or other documents so that, in the SEC, which notice may, at the discretion case of the Company (Registration Statements or the Prospectus, as the case may be, it will not contain any untrue statement of a material fact or omit to state any material fact required pursuant to Section 3(i)), state that it constitutes a Suspension Noticebe stated therein or necessary to make the statements therein, in light of the circumstances under which event the provisions of Section 3(i) shall applythey were made, not misleading.
(d) Use commercially reasonable its best efforts to prevent avoid the issuance of, andor, if issued, to obtain the withdrawal of (i) any order suspending the effectiveness of a Shelf the Registration Statement Statements or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case at the earliest possible practicable moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish Furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed complete copy of each of the Shelf Registration Statement Statements and any each amendment thereto, including financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein by reference reference, and all exhibits (unless requested in writing to the Company extent requested by such Notice Holder, Person (including those previously furnished or incorporated by reference) promptly after the filing of such counsel or documents with the Initial Purchaser)Commission.
(gf) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectusform of prospectus forming part of the effective Registration Statements) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and the Company hereby consents (except during such periods that agrees to respond in writing to a Suspension Notice is outstanding and has not been revoked) written request from the Purchaser with respect to the use effectiveness of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth thereinProspectus.
(hg) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use commercially reasonable its best efforts to register or qualify or cooperate with the Notice selling Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in covered by the manner set forth in the relevant Shelf Registration Statement and the related ProspectusStatements; provided provided, however, that the Company will shall not be required to (i) qualify as a foreign corporation or as a dealer in securities generally to do business in any jurisdiction where it would is not otherwise be required then so qualified or to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits any such jurisdiction where it is not then so subject or subject the Company to taxation any tax in any such jurisdiction where it is not then so subject.
(h) Cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold, which certificates shall be free of all restrictive legends, except as required by applicable law, and to enable such Registrable Securities to be in such denominations and registered in such names as any Holder may request at least three (3) Business Days prior to any sale of Registrable Securities.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event contemplated by Section 3(c)(vi), as promptly as practicable, prepare a supplement or amendment, including a post-effective amendment, to the existence of Registration Statements or a supplement to the related Prospectus or any fact document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as a result of which any Shelf thereafter delivered, neither the Registration Statement shall Statements nor such Prospectuses will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of Use its best efforts to cause all Registrable Securities relating to such Registrable SecuritiesRegistration Statement to be listed or quoted on any securities exchange, and any brokermarket or over-dealersthe-counter bulletin board, attorneys and accountants retained by such Notice Holdersif any, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for on which similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated securities issued by the Company in writing as confidential at are then listed or quoted to the time of delivery extent required by the rules of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreementexchange, unless (i) disclosure of such information is required by court market or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5quotation system.
(k) Comply with all applicable rules and regulations of the SEC Commission and make generally available to its securityholders security holders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no not later than 45 forty-five (45) days after the end of any 12-month period (or 90 ninety (90) days after the end of any 12-month period if such period is a fiscal year) commencing on the first (1st) day of the first (1st) fiscal quarter of the Company commencing after the effective date of a Shelf the Registration Statement, which statements shall cover said 12-month periodsStatements.
(l) Cooperate with each Notice Holder At such time as a Registration Statement has been declared effective by the Commission covering the resale of any Registrable Securities, the Company shall cause its legal counsel to facilitate deliver to the timely preparation and delivery Transfer Agent an opinion, subject to the holders of certificates representing any Registrable Securities sold pursuant making such representations and warranties to a Shelf Registration StatementCompany counsel as it may require, which certificates shall not bear any restrictive legends, and cause certifying that such Registrable Securities may be sold by the Holders pursuant to such Registration Statement with the purchasers thereof receiving share certificates without restrictive legend, which opinion shall remain effective so long as such Registration Statement remains in full force and effect. In the event that, at any time, such Registration Statement ceases to be in such denominations as are permitted effective, the Company shall immediately deliver written notice thereof to the Transfer Agent and the Holders stating that the opinion of the Company's legal counsel may no longer be relied upon by the Indenture Transfer Agent (unless and registered in such names until an additional or amended, as such Notice Holder may request in writing at least applicable, Registration Statement is so declared effective (2) Business Days prior with respect to any sale the resale of such Registrable Securities.
(m) Provide a CUSIP number for all ). Upon the receipt of any conversion or exercise notice while the Registration Statement is effective, the share certificates representing such Registrable Securities covered by each Shelf Registration Statement not later than shall bear a restrictive legend unless the effective date Holders, either in connection with the delivery of such Shelf notice or thereafter, deliver written notice to the Transfer Agent and the Company (including notice via telecopy) that such Registrable Shares have been sold by the Holders pursuant to such Registration Statement and provide make such representations and warranties as Company counsel may require, whereupon the Trustee Transfer Agent shall issue share certificates to the purchasers thereof without restrictive legend. Each Holder covenants and the transfer agent for the Common Stock with certificates for the agrees that (i) it will not offer or sell any Registrable Securities under the Registration Statement until it has received copies of the Prospectus as then amended or supplemented as contemplated in Section 3(f) and notice from the Company that such Registration Statement and any post-effective amendments thereto have become effective and (ii) each Holder and its officers, directors or Affiliates, if any, will comply with the prospectus delivery requirements of the Securities Act as applicable to them in connection with sales of Registrable Securities pursuant to the Registration Statement. Each Holder agrees by its acquisition of such Registrable Securities that, upon receipt of a written notice from the Company of the occurrence of any event of the kind described in Section 3(c)(ii), 3(c)(iii), 3(c)(iv), 3(c)(v) or 3(c)(vi), such Holder will forthwith discontinue disposition of such Registrable Securities until such Holder's receipt of the copies of the supplemented Prospectus and/or amended Registration Statement contemplated by Section 3(i), or until it is advised in writing by the Company that the use of the applicable Prospectus may be resumed, and, in either case, has received copies of any additional or supplemental filings that are incorporated or deemed to be incorporated by reference in a form eligible for deposit with The Depository Trust Companysuch Prospectus or Registration Statement.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Registration Rights Agreement (Assure Energy Inc), Acquisition Agreement (Assure Energy Inc)
Registration Procedures. In connection with the registration obligations of AIMCO pursuant to and in accordance with SECTION 2 hereof (and subject to AIMCO's rights under SECTION 2), AIMCO will use commercially reasonable efforts to effect such registration to permit the Company under Section 2 hereofsale of such Registrable Securities in accordance with the Holders' intended method or methods of disposition thereof, the Company shalland pursuant thereto AIMCO shall as expeditiously as possible:
(a) Prepare prepare and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof on any form for which AIMCO then qualifies or which counsel for AIMCO shall deem appropriate in accordance with the such Holders' intended method or methods of distribution thereofthereof and, and subject to SECTION 2(d), use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counsel.;
(b) Prepare prepare and file with the SEC such amendments and (including post-effective amendments amendments) to each Shelf the Registration Statement Statement, and such supplements to the Prospectus, as may be necessary required by the rules, regulations or instructions applicable to keep the Securities Act during the applicable period in accordance with the intended methods of disposition specified by the Holders owning any Registrable Securities covered by such Shelf Registration Statement continuously effective until Statement, make generally available earnings statements satisfying the expiration provisions of Section 11(a) of the Effectiveness Period; Securities Act (provided that AIMCO shall be deemed to have complied with this clause if it has complied with Rule 158 under the Securities Act), and cause the related Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; and use commercially reasonable efforts to comply with the provisions of the Securities Act applicable to it with respect to the disposition of all securities covered by such Shelf Registration Statement during the Effectiveness Period in accordance with the intended methods of disposition by the sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented.;
(c) As promptly as practicable give notice to the Notice Holders, the Initial Purchaser and counsel for notify the Holders owning any Registrable Securities covered by such Registration Statement promptly and for the Initial Purchaser (orif requested) confirm such notice in writing, if applicable, separate counsel for the Holders) (i) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC filed, and, with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf a Registration Statement or related Prospectus or for additional informationinformation regarding such Holders, (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf a Registration Statement or the initiation or threatening of any proceedings for that purpose, (iv) of the receipt by the Company AIMCO of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, and (v) after of the effective date happening of any Shelf Registration Statement filed pursuant to this Agreement of event that requires the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal making of any order suspending the effectiveness of a Shelf changes in such Registration Statement Statement, Prospectus or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does they will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading;
(d) use commercially reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of a Registration Statement, or the lifting of any suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction in the United States;
(e) furnish to the Holders disposing of Registrable Securities covered by such Registration Statement, counsel for such Holders and each managing underwriter, if any, without charge, one conformed copy of the Registration Statement, as declared effective by the SEC, and of each post-effective amend- ment thereto, in each case, including financial statements and schedules and all exhibits and reports incorporated or deemed to be incorporated therein by reference; and deliver, without charge, such number of copies of the preliminary prospectus, any amended preliminary prospectus, each final Prospectus does not contain and any untrue statement of a material fact post-effective amendment or omit to state any material fact necessary supplement thereto, as such Holder may reasonably request in order to make facilitate the statements thereindisposition of the Registrable Securities covered by the Registration Statement in conformity with the requirements of the Securities Act;
(f) prior to any public offering of Registrable Securities, use commercially reasonable efforts to register or qualify such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions in the light United States as the Holders disposing of Registrable Securities covered by the circumstances under which they were madeRegistration Statement shall reasonably request in writing; PROVIDED, HOWEVER, that AIMCO shall in no event be required to qualify generally to do business as a foreign corporation or as a dealer in any jurisdiction where it is not misleading at the time so qualified or to execute or file a general consent to service of process in any such jurisdiction where it has not theretofore done so or to take any action that would subject it to general service of process or taxation in any such jurisdiction where it is not then subject;
(it being understood that g) except during any Delay Period, upon the Company may rely on information provided occurrence of any event contemplated by each Notice Holder with respect SECTION 4(c)(v) above, promptly file a supplement or post-effective amendment to such Notice Holder)the Registration Statement or related Prospectus or any document incorporated or deemed to be incorporated therein by reference or any other required document so that, as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any an untrue statement of a material fact or omits omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.;
(jh) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and use commercially reasonable efforts to cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf the Registration Statement not later than to be listed on each securities exchange or automated interdealer quotation system, if any, on which similar securities issued by AIMCO are then listed or quoted;
(i) on or before the effective date of such Shelf the Registration Statement and Statement, provide the Trustee and the transfer agent of AIMCO for the Common Stock Registrable Securities with printed certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Depositary Trust Company.;
(nj) Cooperate if such offering is an underwritten offering, make available for inspection by any Holder disposing of Registrable Securities included in such Registration Statement, any underwriter of such offering, and assist any attorney, accountant or other agent retained by any such Holder or underwriter (collectively, the "INSPECTORS"), all financial and other records and other information, pertinent corporate documents and properties of any of AIMCO and its subsidiaries (collectively, the "RECORDS"), as shall be reasonably necessary to enable them to exercise their due diligence responsibility; PROVIDED, HOWEVER, that the Records that AIMCO determines, in good faith, to be confidential shall not be disclosed to any Inspector unless (i) such Inspector signs a confidentiality agreement reasonably satisfactory to AIMCO (which shall permit the disclosure of such Records in such Registration Statement or the related Prospectus if necessary to avoid or correct a material misstatement in or material omission from such Registration Statement or Prospectus), (ii) after consultation with counsel for the applicable Inspectors, the Holders and AIMCO, the disclosure of such Records is necessary to avoid or correct a misstatement or omission in such Registration Statement or (iii) the release of such Records is ordered pursuant to a subpoena or other order from a court of competent jurisdiction, PROVIDED that each Holder shall, promptly after learning that disclosure of such Records is sought in a court having jurisdiction, give notice to AIMCO and allow AIMCO, at AIMCO's expense, to undertake appropriate action to prevent disclosure of such Records; and
(k) if such offering is an underwritten offering, enter into such agreements (including an underwriting agreement in form, scope and substance as is customary in underwritten offerings) and take all such other appropriate and reasonable actions requested by the Holders owning a majority of the Registrable Securities being sold in connection therewith (including those reasonably requested by the managing underwriters) in order to expedite or facilitate the disposition of such Registrable Securities and, in such connection, (i) use its commercially reasonable efforts to obtain opinions of counsel to AIMCO and updates thereof (which counsel and opinions (in form, scope and substance) shall be reasonably satisfactory to the managing underwriters and counsel to the Holders disposing of Registrable Securities), addressed to each Holder selling Registrable Securities covered by such Registration Statement and each of the underwriters as to the matters customarily covered in opinions requested in underwritten offerings and such other matters as may be reasonably requested by such counsel and underwriters, (ii) use commercially reasonable efforts to obtain "cold comfort" letters and updates thereof from the independent certified public accountants of AIMCO (and, if necessary, any other independent certified public accountants of any subsidiary of AIMCO or of any business acquired by AIMCO for which financial statements and financial data are, or are required to be, included in the Registration Statement), addressed to each Holder selling Registrable Securities covered by the Registration Statement (unless such accountants shall be prohibited from so addressing such letters by applicable standards of the accounting profession) and each of the underwriters, such letters to be in customary form and covering matters of the type customarily covered in "cold comfort" letters in connection with underwritten offerings, and (iii) if requested and if an underwriting agreement is entered into, provide indemnification provisions and procedures substantially to the effect set forth in SECTION 7 hereof with respect to all parties to be indemnified pursuant to said Section. The above shall be done at each closing under such underwriting or similar agreement, or as and to the extent required thereunder. With respect to any Registration under SECTION 2 hereof, AIMCO may require each Holder disposing of Registrable Securities covered by such Registration to furnish such information regarding the Holder and such Holder's intended disposition of Registrable Securities as AIMCO may from time to time reasonably request in writing. If any such information with respect to the Holder is not furnished within a reasonable period of time after receipt of such request, AIMCO may exclude such Holder's Registrable Securities from such Registration. Upon receipt of any notice from AIMCO of the happening of any event of the kind described in SECTION 4(c)(ii), 4(c)(iii), 4(c)(iv) or 4(c)(v) hereof, each Holder shall (i) forthwith discontinue disposition of any Registrable Securities covered by such Registration Statement or Prospectus until receipt of the copies of the supplemented or amended Prospectus contemplated by SECTION 4(g) hereof, or until such Holder is advised in writing (the "ADVICE") by AIMCO that the use of the applicable Prospectus may be resumed, and has received copies of any amended or supplemented Prospectus or any additional or supplemental filings rwhich are incorporated, or deemed to be incorporated, by reference in such Prospectus (such period during which disposition is discontinued being an "INTERRUPTION PERIOD") and (ii) if requested by AIMCO, deliver to AIMCO (at the expense of AIMCO) all copies then in its possession, other than permanent file copies then in its possession, of the Prospectus covering such Registrable Securities at the time of receipt of such request. No Holder shall utilize any material other than the applicable current preliminary prospectus or Prospectus in connection with the offering of Registrable Securities pursuant to SECTION 2 hereunder.
Appears in 2 contracts
Sources: Merger Agreement (Apartment Investment & Management Co), Merger Agreement (Apartment Investment & Management Co)
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with the SEC Commission on or prior to the Filing Deadline, a Shelf Registration Statement or Shelf Registration Statements on Form S-1 S-3 (or S-3 or any other if such form is not available to the Company on another form appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof such registration in accordance with herewith) (which shall include a Plan of Distribution substantially in the intended method or methods form of distribution thereofExhibit A attached hereto), and use commercially reasonable efforts to cause each such Shelf the Registration Statement to become effective and remain effective as provided herein; provided provided, however, that before not less than three (3) Business Days prior to the filing any Shelf of the Registration Statement or any related Prospectus or any amendments amendment or supplements thereto with the SECsupplement thereto, the Company shall (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (orSpecial Counsel, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed filed, which documents (other than those incorporated by reference) will be subject to the review of such Special Counsel, and use commercially (ii) at the request of any Holder cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of counsel to reflect such Holders, to conduct a reasonable investigation within the meaning of the Securities Act. The Company shall not file the Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of a majority of the Registrable Securities or the Special Counsel shall reasonably object in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose writing within three (3) Business Days of the delivery of such copies after their receipt thereof, unless counsel to the Initial Purchaser and Company determines in writing that such counselobjection is without merit.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf the Registration Statement as may be necessary to keep such Shelf the Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and to the extent any Registrable Securities are not included in such Registration Statement for reasons other than the failure of the Effectiveness PeriodHolder to comply with Section 3(m) hereof, shall prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all Registrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 (or any similar provisions then in force) promulgated under the Securities Act; (iii) respond as promptly as possible, and use commercially reasonable efforts in no event later than 10 Business Days, to any comments received from the Commission with respect to the Registration Statement or any amendment thereto and as promptly as possible provide the Holders true and complete copies of all correspondence from and to the Commission relating to the Registration Statement; and (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As Notify the Holders of Registrable Securities to be sold and the Special Counsel as promptly as practicable give notice to the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser possible (or, if applicable, separate counsel for the Holders) (iA) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf the Registration Statement has been is proposed to be filed with (but in no event in the SEC andcase of this subparagraph (A), less than three (3) Business Days prior to date of such filing); (B) when the Commission notifies the Company whether there will be a “review” of such Registration Statement and whenever the Commission comments in writing on such Registration Statement; and (C) with respect to a Shelf the Registration Statement or any post-effective amendment, when the same has been declared effectivebecome effective (which notice shall be delivered to the Purchasers and Special Counsel on the same day as such effectiveness), and after the effectiveness thereof: (iii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf the Registration Statement or related Prospectus or for additional information, ; (iiiii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf the Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iviii) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; and (viv) after if the effective date of any Shelf financial statements included in the Registration Statement filed pursuant to this Agreement become ineligible for inclusion therein or of the occurrence of any event that makes any statement made in the Registration Statement or Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires any revisions to the Registration Statement, Prospectus or other documents so that, in the case of the Registration Statement or the Prospectus, as the case may be, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. Without limitation to any remedies to which the Holders may be entitled under this Agreement, if any of the events described in clauses (but not the nature of or details concerningi) a Material Event and through (viiv) of the determination by Section 3(c)(C) occurs, the Company that a post-effective amendment shall use its best efforts to a Shelf Registration Statement will be filed with respond to and correct the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applyevent.
(d) Use commercially reasonable its best efforts to prevent avoid the issuance of, andor, if issued, use best efforts to obtain the withdrawal of of, (i) any order suspending the effectiveness of a Shelf the Registration Statement or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case at the earliest possible practicable moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice HolderHolder of Registrable Securities, as (i) promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf the Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to Company reasonably agrees should be included therein by applicable law and (ii) make any all required filings of such Prospectus supplement or such post-effective amendment as soon as practicable after the Company has received notification of the matters to be incorporated in such Prospectus supplement or post-effective amendment; provided provided, however, that the Company shall not be required to take any actions under action pursuant to this Section 3(e) thatthat would, in the written opinion of counsel for the CompanyCompany (addressed to the Special Counsel), are not in compliance with violate applicable law.
(f) As promptly as practicable furnish Furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) Holder and the Initial PurchaserSpecial Counsel, without charge, at least one (1) conformed copy of the Shelf each Registration Statement and any each amendment thereto, including financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company extent requested by such Notice Holder, Person (including those previously furnished or incorporated by reference) promptly after the filing of such counsel or documents with the Initial Purchaser)Commission.
(g) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) Holder and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration StatementSpecial Counsel, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Holders in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in the manner set forth thereinthereto.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use commercially reasonable its best efforts to register or qualify or cooperate with the Notice selling Holders and the Special Counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in the manner set forth in the relevant Shelf covered by a Registration Statement and the related ProspectusStatement; provided provided, however, that the Company will shall not be required to (i) qualify as a foreign corporation or as a dealer in securities generally to do business in any jurisdiction where it would is not otherwise be required then so qualified or to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits any jurisdiction where it is not then so subject or subject the Company to taxation any material tax in any such jurisdiction where it is not then so subject.
(i) Upon Cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by applicable law and the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any Holder may request at least two (A2) Business Days prior to any sale of Registrable Securities. In connection therewith, the issuance by the SEC of a stop order suspending Company shall promptly after the effectiveness of the Shelf Registration Statement or (but no later than two days thereafter) cause an opinion of counsel to be delivered to and maintained with its transfer agent, together with any other authorizations, certificates and directions required by the initiation transfer agent, which authorize and direct the transfer agent to issue such Registrable Securities without legend upon sale by the Holder of proceedings with respect to such shares of Registrable Securities under the Shelf Registration Statement under Section 8(dStatement.
(j) or 8(e) of the Securities Act, (B) Upon the occurrence of any event contemplated by Section 3(c)(C)(iii) or (iv), as promptly as possible, prepare a supplement or amendment, including a post-effective amendment, to the existence of any fact as a result of which any Shelf Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither the Registration Statement nor such Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Cause all Registrable Securities relating to such Registration Statement to be listed on the New York Stock Exchange, the American Stock Exchange or the Nasdaq Stock Market.
(l) Comply in all material respects with all applicable rules and regulations of the SEC Commission and make generally available to its securityholders earning security holders earnings statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no not later than 45 days after the end of any 123-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf the Registration Statement, which statements statement shall cover said 12-month periods.
(l) Cooperate with each Notice Holder conform to facilitate the timely preparation and delivery requirements of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable SecuritiesRule 158.
(m) Provide a CUSIP number for all Request each selling Holder to furnish to the Company information regarding such Holder and the distribution of such Registrable Securities covered as is required by each Shelf law or the Commission to be disclosed in the Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee Statement, and the transfer agent for the Common Stock with certificates for Company may exclude from such registration the Registrable Securities of any such Holder who fails (i) to furnish such information or (ii) to agree to furnish, upon request, such additional information regarding such Holder as may later be required by law to be disclosed, in each case, within a reasonable time prior to the filing of each Registration Statement, supplemented Prospectus and/or amended Registration Statement. If the Registration Statement refers to any Holder by name or otherwise as the holder of any securities of the Company, then such Holder shall have the right to require (if such reference to such Holder by name or otherwise is not required by the Securities Act or any similar federal statute then in force) the deletion of the reference to such Holder in any amendment or supplement to the Registration Statement filed or prepared subsequent to the time that such reference ceases to be required. Each Holder agrees by its acquisition of such Registrable Securities that, upon receipt of a notice from the Company of the occurrence of any event of the kind described in Section 3(c)(i), 3(c)(ii), 3(c)(iii), 3(c)(iv) or 3(n), such Holder will forthwith discontinue disposition of such Registrable Securities under the Registration Statement until such Holder’s receipt of the copies of the supplemented Prospectus and/or amended Registration Statement contemplated by Section 3(j), or until it is advised in writing (the “Advice”) by the Company that the use of the applicable Prospectus may be resumed, and, in either case, has received copies of any additional or supplemental filings that are incorporated or deemed to be incorporated by reference in a form eligible for deposit with The Depository Trust Companysuch Prospectus or Registration Statement.
(n) Cooperate If (i) there is material non-public information regarding the Company which the Company’s Board of Directors (the “Board”) reasonably determines not to be in the Company’s best interest to disclose and assist which the Company is not otherwise required to disclose, or (ii) there is a significant business opportunity (including, but not limited to, the acquisition or disposition of assets (other than in the ordinary course of business) or any filings rmerger, consolidation, tender offer or other similar transaction) available to the Company which the Board reasonably determines not to be in the Company’s best interest to disclose and which the Company would be required to disclose under the Registration Statement, then the Company may postpone or suspend filing or effectiveness of a registration statement for a period not to exceed 30 consecutive days, provided that the Company may not postpone or suspend its obligation under this Section 3(n) for more than 60 days in the aggregate during any 12 month period (each, a “Blackout Period”).
Appears in 2 contracts
Sources: Investor Rights Agreement, Investor Rights Agreement (LOCAL Corp)
Registration Procedures. In connection with the registration obligations of the Company under Section 2 hereofIN CONNECTION WITH THE COMPANY’S REGISTRATION OBLIGATIONS HEREUNDER, the Company shallTHE COMPANY SHALL:
(a) Prepare and file with Not less than three Trading Days, which shall not be included in the SEC a Shelf calculation of time period for the purposes of the Company’s obligations under this Agreement or under the Purchase Agreement, prior to the filing of the Registration Statement or Shelf Registration Statements on Form S-1 or S-3 any related Prospectus or any other appropriate form under amendment or supplement thereto, the Securities Act available for Company shall furnish to the sale Holders copies of the Registrable Securities by the Holders thereof in accordance with the intended method or methods plan of distribution thereof, and use commercially reasonable efforts proposed to cause each be filed which document will be subject to the review of such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Holders. The Company shall not file the Registration Statement or any such Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish that contains a plan of distribution to the Initial Purchaser and counsel for which the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days a majority of the delivery of such copies to the Initial Purchaser and such counselRegistrable Securities shall reasonably object in good faith.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf the Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf the Registration Statement continuously effective until as to the expiration of applicable Registrable Securities for the Effectiveness Period; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (or iii) respond as promptly as reasonably possible, and in any similar provisions then in force) under event within 15 Trading Days, to any comments received from the Securities Act; and use commercially reasonable efforts to comply with the provisions of the Securities Act applicable to it Commission with respect to the disposition Registration Statement or any amendment thereto and, as promptly as reasonably possible, upon request, provide the Holders true and complete copies of all securities correspondence from and to the Commission relating to the Registration Statement; and (iv) take such actions to permit distribution of the Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods Plan of disposition by the sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplementedDistribution.
(c) As Notify the Holders of Registrable Securities to be sold as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than two Trading Days prior to such filing) and (if requested by any such Person) confirm such notice to in writing promptly following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf the Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a “review” of the Registration Statement and whenever the Commission comments in writing on the Registration Statement (the Company shall upon request provide true and complete copies thereof and all written responses thereto to each of the Holders); and (C) with respect to a Shelf the Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority during the period of effectiveness of the Registration Statement for amendments or supplements to any Shelf the Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC Commission or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf the Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; and (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of or details concerning) a Material Event and (vi) of financial statements included in the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with ineligible for inclusion therein or any statement made in the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing any material respect or that requires any revisions to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without chargeProspectus or other documents so that, as many copies in the case of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading misleading.
(it being understood that d) Use its commercially reasonable efforts to avoid the Company may rely on information provided by each Notice Holder with respect to such Notice Holder)issuance of, as thereafter delivered to or, if issued, obtain the purchasers withdrawal of (i) any order suspending the effectiveness of the Registration Statement, or (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities being sold thereunderfor sale in any jurisdiction, andat the earliest practicable moment.
(e) Furnish to each Holder, without charge, at least one conformed copy of the Registration Statement and each amendment thereto, including financial statements and schedules, all documents incorporated or deemed to be incorporated therein by reference to the extent requested by such Person, and all exhibits to the extent requested by such Person (including those previously furnished or incorporated by reference) promptly after the filing of such documents with the Commission.
(f) Promptly deliver to each Holder, without charge, as many copies of the Prospectus or Prospectuses (including each form of prospectus) and each amendment or supplement thereto as such Persons may reasonably request in connection with resales by the case Holder of Registrable Securities. The Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by each of the selling Holders in connection with the offering and sale of the Registrable Securities covered by such Prospectus and any amendment or supplement thereto, except after the giving on any notice pursuant to Section 3(c).
(g) Prior to any resale of Registrable Securities by a Holder, use its commercially reasonable efforts to register or qualify or cooperate with the selling Holders in connection with the registration or qualification (or exemption from the Registration or qualification) of such Registrable Securities for the resale by the Holder under the securities or Blue Sky laws of such jurisdictions within the United States as any Holder reasonably requests in writing, to keep each the Registration or qualification (or exemption therefrom) effective during the Effectiveness Period and to do any and all other acts or things reasonably necessary to enable the disposition in such jurisdictions of the Registrable Securities covered by the Registration Statement; provided, that the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified, subject the Company to any material tax in any such jurisdiction where it is not then so subject or file a general consent to service of process in any such jurisdiction.
(h) If requested by the Holders, cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to the Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request.
(i) Upon the occurrence of any event contemplated by Section 3(c)(v), as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment to a Shelf Registration Statementamendment, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice Registration Statement or a supplement to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of related Prospectus or any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are document incorporated or deemed to be incorporated therein by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) abovereference, and file any other required document so that, as promptly as is practicablethereafter delivered, (y) in neither the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not nor such Prospectus will contain any an untrue statement of a material fact or omits omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periodsCommission.
(lk) Cooperate with The Company may require each Notice selling Holder to facilitate furnish to the timely preparation and delivery Company a certified statement as to the number of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statementshares of Common Stock beneficially owned by such Holder and, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted if required by the Indenture Commission, the person thereof that has voting and registered dispositive control over the Shares. Each Holder agrees to reasonably cooperate with the Company in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale the preparation of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide response by the Trustee and Company to any comments by the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust CompanyCommission.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Registration Rights Agreement (Avicena Group, Inc.), Registration Rights Agreement (Avicena Group, Inc.)
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereof, the Company shallhereunder:
(a) Prepare the Company shall, not less than three (3) Trading Days prior to the filing of a Registration Statement or any related Prospectus or any amendment or supplement thereto (except for Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, proxy statements and Current Reports on Form 8-K and any similar or successor reports), furnish to one counsel designated by a majority of the outstanding Registrable Securities (“Holders Counsel”), copies of such Registration Statement, Prospectus or amendment or supplement thereto, as proposed to be filed, which documents will be subject to the reasonable review of Holders Counsel; provided that each Holder shall have the right to review, prior to filing, its selling shareholder information. The Company shall not file any Registration Statement or amendment or supplement thereto containing information which Holders Counsel reasonably objects in good faith, unless the Company shall have been advised by its counsel that the information objected to is required under the Securities Act or the rules or regulations adopted thereunder.
(i) the Company shall prepare and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereofCommission such amendments, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counsel.
(b) Prepare and file with the SEC such amendments and including post-effective amendments and supplements, to each Shelf Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf Registration Statement continuously effective until as to the expiration of applicable Registrable Securities for its Effectiveness Period (except during an Allowable Grace Period); (ii) the Effectiveness Period; Company shall cause the related Prospectus to be amended or supplemented by any required Prospectus supplementsupplement (subject to the terms of this Agreement), and and, as so supplemented or amended, to be filed pursuant to Rule 424 (except during an Allowable Grace Period); (iii) the Company shall respond as promptly as reasonably practicable to any comments received from the Commission with respect to each Registration Statement or any similar provisions then in force) under amendment thereto and, as promptly as reasonably possible, provide the Securities ActHolders Counsel true and complete copies of all correspondence from and to the Commission relating to such Registration Statement that pertains to the Holders as “Selling Shareholders”; and use commercially reasonable efforts to (iv) the Company shall comply in all material respects with the provisions of the Securities Act applicable to it with respect to the disposition of all securities Registrable Securities covered by such Shelf a Registration Statement during until such time as all of such Registrable Securities shall have been disposed of (subject to the Effectiveness Period terms of this Agreement) in accordance with the intended methods of disposition by the sellers Holders thereof as set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplemented; provided, that each Holder shall be responsible for the delivery of the Prospectus to the Persons to whom such Registration Rights Purchaser sells any of the Registrable Securities (including in accordance with Rule 172 under the Securities Act), and each Holder agrees to dispose of Registrable Securities in compliance with applicable federal and state securities laws. In the case of amendments and supplements to a Registration Statement which are required to be filed pursuant to this Agreement (including pursuant to this Section 5(b)) by reason of the Company filing a report on Form 10-K, Form 10- Q or Form 8-K or any analogous report under the Exchange Act, the Company shall have incorporated such report by reference into such Registration Statement, if applicable, or shall file such amendments or supplements with the Commission as promptly as practicable.
(c) As promptly as practicable give notice to the Notice Holders, the Initial Purchaser and counsel for Company shall notify the Holders and for (which notice shall, pursuant to clauses (ii) through (iv) hereof, be accompanied by an instruction to suspend the Initial Purchaser (oruse of the Prospectus until the requisite changes have been made, if applicable, separate counsel for ) as promptly as reasonably practicable following the Holders) day (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC and, Commission; and (B) with respect to a Shelf each Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, issuance by the SEC Commission or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority Governmental Entity of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iviii) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; and (viv) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of or details concerning) financial statements included in a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (ineligible for inclusion therein or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, any statement made in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf such Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing any material respect or that requires any revisions to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and other documents so that, in the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use case of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading(in the case of any Prospectus, and such Prospectus does not contain any untrue statement form of a material fact prospectus or omit to state any material fact necessary in order to make the statements thereinsupplement thereto, in the light of the circumstances under which they were made), not misleading misleading.
(it d) Notwithstanding anything to the contrary herein, at any time after the Registration Statement has been declared effective by the Commission, the Company may delay the disclosure of material non-public information concerning the Company if the disclosure of such information at the time is not, in the good faith judgment of the Company, in the best interests of the Company (such delay, a “Grace Period”). During the Grace Period, the Company shall not be required to maintain the effectiveness of any Registration Statement filed hereunder and, in any event, Holders shall suspend sales of Registrable Securities pursuant to such Registration Statements during the pendency of the Grace Period provided, the Company shall promptly (i) notify the Holders in writing of the existence of material non-public information giving rise to a Grace Period or the need to file a post-effective amendment, as applicable, and the date on which such Grace Period will begin, (ii) use reasonable best efforts to terminate a Grace Period as promptly as practicable provided that such termination is, in the good faith judgment of the Company, in the best interest of the Company and (iii) notify the Holders in writing of the date on which the Grace Period ends; provided, further, that, with respect to a Required Registration Statement only, no single Grace Period shall exceed forty-five (45) consecutive days, and during any three hundred sixty-five (365) day period, the aggregate of all Grace Periods shall not exceed an aggregate of ninety (90) days (each Grace Period complying with this provision being understood an “Allowable Grace Period”). For purposes of determining the length of a Grace Period, the Grace Period shall be deemed to begin on and include the date the Holders receive the notice referred to in clause (i) above and shall end on and include the later of the date the Holders receive the notice referred to in clause (iii) above and the date referred to in such notice; provided, that no Grace Period shall be longer than an Allowable Grace Period. Notwithstanding anything to the contrary, the Company shall use reasonable best efforts to cause the Transfer Agent to deliver unlegended Shares to a transferee of a Holder in accordance with the terms of the Purchase Agreement in connection with any sale of Registrable Securities with respect to which a Holder has entered into an irrevocable contract for sale prior to the Holder’s receipt of the notice of a Grace Period and for which the Holder has not yet settled.
(e) the Company shall use reasonable best efforts to avoid the issuance of, or, if issued, obtain the withdrawal of (i) any order suspending the effectiveness of a Registration Statement, or (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, as soon as practicable.
(f) the Company shall, if requested by a Holder, furnish to such Holder, without charge, at least one (1) conformed copy of each Registration Statement and each amendment thereto and all exhibits to the extent requested by such Holder (including those previously furnished or incorporated by reference) promptly after the filing of such documents with the Commission; provided, that the Company shall have no obligation to provide any document pursuant to this clause that is available on the Commission’s E▇▇▇▇ or successor system.
(g) the Company agrees to promptly deliver to each Holder whose Registrable Securities are included in the applicable Registration Statement, without charge, as many copies of each Prospectus or Prospectuses (including each form of prospectus) and each amendment or supplement thereto as such Persons may rely on information provided reasonably request. The Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by each Notice of the selling Holders in connection with the offering and sale of Registrable Securities covered by such Prospectus and any amendment or supplement thereto.
(h) the Company shall, prior to any resale of Registrable Securities by a Holder, use its reasonable best efforts to register or qualify or cooperate with the selling Holders in connection with the registration or qualification (or exemption from the registration or qualification) of such Registrable Securities for the resale by the Holder with respect under the securities or “Blue Sky” laws of such jurisdictions within the United States as any Holder reasonably requests in writing, to keep each registration or qualification (or exemption therefrom) effective during the Effectiveness Period and to do any and all other acts or things reasonably necessary to enable the disposition in such Notice Holder)jurisdictions of the Registrable Securities covered by each Registration Statement; provided, as thereafter delivered that the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified, subject the purchasers Company to any general tax in any such jurisdiction where it is not then so subject or file a consent to service of process in any such jurisdiction.
(i) the Company shall enter into such customary agreements (including an underwriting agreement in customary form) and take all such other actions reasonably requested by the Holders of a majority of the Registrable Securities being sold thereunderin connection therewith or by the managing underwriter(s), if any, in order to expedite or facilitate the disposition of such Registrable Securities. In connection with any such permitted underwritten offering of Registrable Securities, (i) the Company shall (A) make such representations and warranties to the selling Holders and the managing underwriter(s), if any, with respect to the business of the Company and its subsidiaries, and the Registration Statement, Prospectus and documents, if any, incorporated or deemed to be incorporated by reference therein, in each case, in form, substance and scope as are customarily made by issuers in underwritten offerings, and, if true, confirm the same if and when requested, (B) use its reasonable best efforts to furnish opinions of counsel to the Company and updates thereof (which counsel and opinions (in form, scope and substance) shall be reasonably satisfactory to the managing underwriter(s), if any, addressed to each of the managing underwriter(s), if any, covering the matters customarily covered in opinions requested in underwritten offerings, (C) use its reasonable best efforts to obtain “cold comfort” letters and updates thereof from the independent certified public accountants of the Company (and, if necessary, any other independent certified public accountants of any subsidiary of the Company or of any business acquired by the Company for which financial statements and financial data are, or are required to be, included in the case of a post-effective amendment to a Shelf Registration Statement) who have certified the financial statements included in such Registration Statement, subject addressed to each of the next sentencemanaging underwriter(s), use commercially reasonable efforts to cause it if any, such letters to be declared effective as promptly as is practicablein customary form and covering matters of the type customarily covered in “cold comfort” letters in connection with underwritten offerings, (D) include within the underwriting agreement indemnification provisions and procedures customary in such underwritten offerings and (iiE) give notice to the Notice Holders deliver such documents and counsel for certificates as may be reasonably requested by the Holders of a majority of the Registrable Securities being sold in connection therewith, their counsel and for the Initial Purchaser (ormanaging underwriter(s), if applicableany, separate counsel for to evidence the Holders) that the availability continued validity of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities representations and warranties made pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) above and to evidence compliance with any customary conditions contained in the case of clause (B) above, as soon as, in the reasonable judgment of underwriting agreement or other agreement entered into by the Company, the Shelf Registration Statement does not contain (ii) each Holder shall not, during such period (which period shall in no event exceed one hundred and eighty (180) days, subject to any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under then customary “booster shot” extension (which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) extension shall not exceed thirty (30) days days) following the effective date of any Registration Statement to the extent requested by any managing underwriter, sell, pledge, hypothecate, transfer, make any short sale of, loan, grant any option or right to purchase of, or otherwise transfer or dispose of (other than to donees who agree to be similarly bound) any Registrable Securities owned by it at any time during such period, except Registrable Securities included in such registration; provided that any release of Registrable Securities from such agreement shall be effected among the aggregate Holders on a pro rata basis according to the Registrable Securities then owned by them, and (iii) the Company shall use its reasonable best efforts to cause each of its directors and senior executive officers to execute and deliver customary lockup agreements in any three month such form and for such time period or up to one hundred twenty and eighty (120180) days in (subject to any then customary “booster shot” extensions) as may be requested by any managing underwriter. The above shall be done at each closing under such underwriting or similar agreement, or as and to the aggregate in any twelve (12) month periodextent required thereunder.
(j) Make the Company shall make available for inspection during normal business hours by representatives for the Notice Holders any Holder of Registrable Securities included in such Registrable SecuritiesRegistration Statement, any underwriter participating in any disposition pursuant to such Registration Statement, and any broker-dealersattorney, attorneys and accountants accountant or other agent retained by any such Notice Holdersseller or underwriter (collectively, the “Inspectors”), at the offices where normally kept, during reasonable business hours, all relevant financial and other records and records, pertinent corporate documents and properties of the Company and its subsidiariesSubsidiaries (collectively, the “Records”), as shall be reasonably necessary to enable them to exercise their due diligence responsibility, and cause the appropriate Company’s officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours supply all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants Inspector in connection with such disposition, in each case as is customary for similar "due diligence" examinationsRegistration Statement; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company any Records that any information that is reasonably and in good faith designated by the Company in writing as confidential are not generally publicly available at the time of delivery of such information Records shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, Inspectors unless (i) the disclosure of such information is required by court or administrative order or Records is necessary in the reasonable judgment of the Inspectors to respond to inquiries of regulatory authoritiesavoid or correct a misstatement or omission in the Registration Statement, or (ii) the release of such Records is ordered pursuant to a subpoena or other order from a court of competent jurisdiction; provided, further, that each Holder of Registrable Securities agrees that it will, upon learning that disclosure of such information Records is required by law (including any disclosure requirements pursuant to federal securities laws sought in connection with the filing a court of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement)competent jurisdiction, (iii) such information becomes generally available give notice to the public other than as a result of a disclosure or failure Company to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company extent legally permitted and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to allow the Company, and provided that the foregoing inspection and information gathering shallat its expense, to undertake appropriate action and to prevent disclosure of the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5Records deemed confidential.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after shall, in the effective date case of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings ran un
Appears in 2 contracts
Sources: Securities Purchase Agreement (Northpointe Bancshares Inc), Registration Rights Agreement (Northpointe Bancshares Inc)
Registration Procedures. In connection with the case of each registration obligations of effected by the Company under Section 2 hereofpursuant to this Article II, the Company shall:
(a) Prepare and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for will use its reasonable best efforts to effect such registration to permit the sale of the Registrable Securities by the Holders thereof securities in accordance with the intended method or methods of distribution thereof as expeditiously as reasonably practicable and will keep the Holders advised on a reasonably current basis as to the initiation of each registration and as to the completion thereof. At its expense, the Company will use its reasonable best efforts to:
(a) Prepare the required TZE Registration Statement, including all exhibits and financial statements required pursuant to the Securities Act to be filed therewith, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or Prospectus such registration statement, or any amendments or supplements thereto with the SECthereto, the Company shall or Prospectus, furnish to the Initial Purchaser and counsel for the Holder or group of Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed prepared to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably filed, which documents shall propose within three (3) Business Days of the delivery of such copies be subject to the Initial Purchaser review of, the Holder or group of Holders and such their respective counsel.;
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf the TZE Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf the TZE Registration Statement continuously effective until as to the expiration of Registrable Securities for the Effectiveness Period; , (ii) prepare and file with the Commission as promptly as practicable any additional registration statements as may be necessary in order to register for resale under the Securities Act all of the Registrable Securities, (iii) cause the any related Prospectus to be amended or supplemented by any required Prospectus supplementsupplement (subject to the terms of this Agreement), and and, as so supplemented or amended, to be filed pursuant to Rule 424 424, (iv) respond as promptly as reasonably possible to any comments received from the Commission with respect to a Registration Statement or any similar provisions then amendment thereto, and (v) comply in force) under the Securities Act; and use commercially reasonable efforts to comply all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the TZE Registration Statement during the Effectiveness Period applicable period in accordance (subject to the terms of this Agreement) with the intended methods of disposition by the sellers Holders thereof as set forth in such Shelf the TZE Registration Statement as so amended or such Prospectus as so supplementedStatement.
(c) As promptly as practicable give notice Furnish to the Notice Holders, the Initial Purchaser and counsel for the Holder or group of Holders and for the Initial Purchaser (oreach underwriter, if applicableany, separate counsel for without charge, as many conformed copies as such Holder or group of Holders or any underwriter may reasonably request of the Holders) (i) when any Prospectus, Prospectus supplement, Shelf TZE Registration Statement and any amendment or post-effective amendment thereto, including financial statements and schedules, all documents incorporated therein by reference and all exhibits (including those incorporated by reference);
(d) Furnish, without charge, such number of Prospectuses, including any preliminary Prospectuses, and other documents incident thereto, including any amendment of or supplement to a Shelf the Prospectus, as the Holder or group of Holders may from time to time reasonably request;
(e) On or prior to the date on which the TZE Registration Statement is declared effective, to the extent required by applicable law, register and qualify the securities covered by such registration statement pursuant to the securities or blue sky laws of each jurisdiction as shall be reasonably requested by the Holder or group of Holders; provided, however, that the Company shall not be required in connection therewith or as a condition thereto to qualify to do business or to file a general consent to service of process in any such states or jurisdictions where it is not then so subject;
(f) Notify the Holder or group of Holders and the managing underwriter, if any, and (if requested) confirm such advice in writing and provide copies of the relevant documents, as soon as reasonably practicable after notice thereof is received by the Company, (i) when the TZE Registration Statement, or any amendment or supplement thereto, has been filed with the SEC and, with respect to a Shelf Registration Statement or any post-becomes effective amendment, and when the same applicable Prospectus has been declared effective, filed; and (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, written comments by the SEC Commission or any request by the Commission or any other federal or state governmental authority or regulatory authority for amendments or supplements to any Shelf the TZE Registration Statement or related the Prospectus or for additional information, ;
(iiig) Promptly notify the Holder or group of Holders (i) of the issuance by the SEC Commission of any stop order suspending the effectiveness of the TZE Registration Statement or any order by the Commission or any other federal or state governmental authority or regulatory authority preventing or suspending the use of any stop order suspending the effectiveness of any Shelf Registration Statement preliminary or final Prospectus or the initiation initiation, or threatening written threatened initiation, of any proceedings for that purpose, such purposes; (ivii) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities securities so registered for offering or sale in any jurisdiction or the initiation initiation, or threatening written threatened initiation, of any proceeding for such purpose, ; and (viii) after at any time when a Prospectus relating to the effective date of any Shelf TZE Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be is required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities delivered pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) Securities Act of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any the Prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omit omits to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and following such notification promptly prepare and furnish to the Holder or (C) the occurrence group of Holders a reasonable number of copies of a supplement to, or existence of any pending corporate development an amendment of, such Prospectus as may be necessary so that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject as thereafter delivered to the next sentencepurchasers of such securities, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does shall not contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, made not misleading misleading;
(it being understood that h) Prevent or obtain the Company may rely on withdrawal of any stop order or other order suspending the use of any preliminary or final Prospectus;
(i) Promptly incorporate in a Prospectus supplement or post-effective amendment such information provided by each Notice as the managing underwriter and the Holder or group of Holders agree should be included therein relating to the plan of distribution with respect to such Notice Holder)securities, as thereafter delivered to the purchasers and make all required filings of the Registrable Securities being sold thereunder, and, in the case of a such Prospectus supplement or post-effective amendment to a Shelf Registration Statement, subject to as soon as reasonably practicable after being notified of the next sentence, use commercially reasonable efforts to cause it matters to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact supplement or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.post-effective amendment;
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing Cooperate with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time Holder or group of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period managing underwriter, if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statementany, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities sold that are in a form eligible for deposit with The Depository Trust Company.Company and that do not bear any restrictive legends, and enable such securities to be in such denominations and registered in such names as the managing underwriter may request at least two Business Days prior to any sale of securities in any underwritten offering that meets the requirements of Section 2.1(e);
(k) Provide a transfer agent and registrar for all Securities registered pursuant to the TZE Registration Statement and a CUSIP number for all such securities, in each case not later than the effective date of such registration;
(l) Cause all such securities registered hereunder to be listed on each securities exchange on which the same securities issued by the Company are then listed;
(m) In connection with any underwritten offering meeting the requirements of Section 2.1(e), enter into an underwriting agreement in form reasonably necessary to effect the offer and sale of such securities, provided that (i) such underwriting agreement contains reasonable and customary provisions, (ii) if participating in such underwriting, a Holder shall also enter into and perform its respective obligations pursuant to such agreement, (iii) if participating in such underwriting, the indemnification and contribution obligations of such Holder shall be several and not joint, and (iv) if participating in such underwriting, the aggregate amount of such Holder’s liability shall not exceed its net proceeds from such underwritten offering;
(n) In connection with any underwritten offering meeting the requirements of Section 2.1(e), obtain for delivery to any Holder or group of Holders and the underwriter an opinion from counsel for the Company dated the date of the closing pursuant to the underwriting agreement, in customary form, scope and substance, which opinion shall be reasonably satisfactory to such Holder or group of Holders and to the underwriter, as the case may be, and their respective counsel;
(o) In connection with any underwritten offering meeting the requirements of Section 2.1(e) pursuant to the TZE Registration Statement, obtain for delivery to the Company and the managing underwriter, with copies to any Holder or group of Holders, a “cold comfort” letter from the Company’s independent certified public accountants in customary form and covering such matters of the type customarily covered by “cold comfort” letters as the managing underwriter reasonably requests, dated the date of execution of the underwriting agreement and brought down to the closing pursuant to the underwriting agreement;
(p) Cooperate with any Holder or group of Holders and assist each underwriter, if any, participating in the disposition of such securities and their respective counsel in connection with any filings required to be made with the Financial Industry Regulatory Authority, Inc.;
(q) Make available to its security holders, as soon as reasonably practicable, an earnings statement satisfying the provisions of Section 11(a) of the Securities Act;
(r) In connection with any underwritten offering meeting the requirements of Section 2.1(e) make available upon reasonable notice at reasonable times and for reasonable periods for inspection by a representative appointed by any Holder, by the managing underwriter and by any attorney, accountant or other agent retained by any such Holder or any such underwriter, all pertinent financial and other records, corporate documents and properties of the Company, and cause all of the Company’s officers, directors and employees and the independent public accountants who have certified the Company’s financial statements to make themselves available to discuss the business of the Company and to supply all information reasonably requested by any such Person in connection with such disposition as shall be necessary to enable them to exercise their due diligence responsibility, provided that any such Person gaining access to information regarding the Company pursuant to this Section 2.4(r) shall agree to hold such information in strict confidence and shall not make any disclosure or use any such information that the Company determines in good faith to be confidential, and of which determination such Person is notified, unless (i) the release of such information is required by law; (ii) such information is or becomes publicly known other than through a breach of this or any other agreement; (iii) such information is or becomes available to such Person on a non-confidential basis from a source other than the Company, which source had no contractual or other duty of confidentiality to the Company with respect to such information and of which the Holder is aware; or (iv) such information is independently developed by such Person; and
(s) In connection with any underwritten offering meeting the requirements of Section 2.1(e), cause the senior executive officers of the Company to participate in the customary “road show” presentations that may be reasonably requested by the managing underwriter in any filings rsuch underwritten offering and otherwise to facilitate, cooperate with, and participate in each proposed offering contemplated herein and customary selling efforts related thereto.
Appears in 2 contracts
Sources: Registration Rights Agreement (Maxeon Solar Technologies, Ltd.), Convertible Notes Purchase Agreement (Maxeon Solar Technologies, Ltd.)
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than five (5) business days prior to the SEC a Shelf filing of each Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or and not less than one (1) business days prior to the filing of any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements supplement thereto with the SEC(including any document that would be incorporated or deemed to be incorporated therein by reference), the Company shall (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) Legal Counsel copies of all such documents proposed to be filed and use commercially (ii) cause its officers and directors, counsel and independent registered public accountants to respond to such inquiries as shall be necessary in the reasonable efforts to reflect opinion of Legal Counsel. The Company shall not initially file a Registration Statement which the Subscribers of a majority of the Registrable Securities or Legal Counsel shall reasonably object in each good faith, provided that, the Company is notified of such document when so filed with the SEC such comments as the such counsel reasonably shall propose within objection in writing no later than three (3) Business Days business days after Legal Counsel has been so furnished copies of the delivery of such copies a Registration Statement. Each Subscriber agrees to furnish to the Initial Purchaser and such counselCompany with a completed shareholder questionnaire upon request from the Company.
(b) Prepare (i) Use commercially reasonable efforts to prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf a Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf a Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness Period; Registrable Securities, (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplementsupplement (subject to the terms of this Agreement), and and, as so supplemented or amended, to be filed pursuant to Rule 424 424, (iii) respond as promptly as reasonably possible to any comments received from the Commission with respect to a Registration Statement or any similar provisions then amendment thereto and provide as promptly as reasonably possible to Legal Counsel true and complete copies of all correspondence from and to the Commission relating to a Registration Statement (provided that, the Company may excise any information contained therein which would constitute material non-public information as to any Subscriber which has not executed a confidentiality agreement with the Company), and (iv) comply in force) under the Securities Act; and use commercially reasonable efforts to comply all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf a Registration Statement during the Effectiveness Period applicable period in accordance (subject to the terms of this Agreement) with the intended methods of disposition by the sellers Subscribers thereof set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As Notify the Subscribers (or Legal Counsel, if any) of Registrable Securities to be sold (which notice shall, pursuant to clauses (iii) through (vi) hereof, be accompanied by an instruction to suspend the use of the Prospectus until the requisite changes have been made) as promptly as practicable give reasonably possible and (if requested by any such person) confirm such notice to in writing no later than one Trading Day following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with is proposed to be filed, (B) when the SEC andCommission notifies the Company whether there will be a “review” of such Registration Statement and whenever the Commission comments in writing on such Registration Statement, and (C) with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal or state governmental authority for amendments or supplements to any Shelf a Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC Commission or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of or details concerning) financial statements included in a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (ineligible for inclusion therein or as required pursuant to Section 3(i)), state that it constitutes any statement made in a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing to the Company by such Notice Holder, such counsel any material respect or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with that requires any sale of Registrable Securities pursuant revisions to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holderother documents so that, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC case of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading misleading, and (it being understood vi) of the occurrence or existence of any pending corporate development with respect to the Company that the Company believes may rely on be material and that, in the determination of the Company, makes it not in the best interest of the Company to allow continued availability of a Registration Statement or Prospectus, provided that, any and all of such information provided shall remain confidential to each Subscriber until such information otherwise becomes public, unless disclosure by each Notice Holder with respect a Subscriber is required by law.
(d) Use its best efforts to such Notice Holder)avoid the issuance of, as thereafter delivered to or, if issued, obtain the purchasers withdrawal of (i) any order stopping or suspending the effectiveness of a Registration Statement, or (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities being sold thereunderfor sale in any jurisdiction, andat the earliest practicable moment.
(e) Furnish to each Subscriber, in the case without charge, at least one conformed copy of a post-effective each such Registration Statement and each amendment thereto, including financial statements and schedules, all documents incorporated or deemed to a Shelf Registration Statement, subject be incorporated therein by reference to the next sentenceextent requested by such person, and all exhibits to the extent requested by such person (including those previously furnished or incorporated by reference) promptly after the filing of such documents with the Commission; provided, that any such item which is available on the ▇▇▇▇▇ system need not be furnished in physical form.
(f) The Company shall cooperate with any broker-dealer through which a Subscriber proposes to resell its Registrable Securities in effecting a filing with the FINRA Corporate Financing Department pursuant to NASD Rule 2710, as requested by any such Subscriber, and the Company shall pay the filing fee required by such filing within two (2) business days of request therefor.
(g) Prior to any resale of Registrable Securities by a Subscriber, use its commercially reasonable efforts to cause register or qualify or cooperate with the selling Subscribers in connection with the registration or qualification (or exemption from the Registration or qualification) of such Registrable Securities for the resale by the Subscriber under the securities or Blue Sky laws of such jurisdictions within the United States as any Subscriber reasonably requests in writing, to keep each registration or qualification (or exemption therefrom) effective during the Effectiveness Period and to do any and all other acts or things reasonably necessary to enable the disposition in such jurisdictions of the Registrable Securities covered by each Registration Statement; provided, that, the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified, subject the Company to be declared effective as promptly as any material tax in any such jurisdiction where it is practicablenot then so subject, and file a general consent to service of process in any such jurisdiction, or (i) register or qualify in any jurisdiction which imposes a merit review standard or (ii) give notice which requires any shareholder to escrow any securities as a condition of registration or qualification.
(h) If requested by a Subscriber, cooperate with such Subscribers to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the Notice Holders extent permitted by the Purchase Agreement, of all restrictive legends, and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any enable such Registrable Securities pursuant to be in such Shelf Registration Statement until denominations and registered in such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause names as any such Subscriber may request.
(i) above, or until it is advised in writing by If the Company that notifies the Prospectus may be used, and has received copies Subscribers in accordance with clauses (iii) through (vi) of Section 5.3(d) above to suspend the use of any additional or supplemental filings that are incorporated or deemed incorporated by reference in Prospectus until the requisite changes to such Prospectus have been made, then the Subscribers shall suspend use of such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which Company shall be entitled to exercise its right under this Section 5.3(j) to suspend the availability of the Shelf a Registration Statement and any Prospectus may for a period not to exceed 60 calendar days (which need not be suspended (the "Suspension Period"consecutive days) without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) 12 month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries Use commercially reasonable efforts to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periodsCommission.
(lk) Cooperate with The Company may require each Notice Holder selling Subscriber to facilitate furnish to the timely preparation and delivery Company a certified statement as to the number of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statementshares of Common Stock beneficially owned by such Subscriber and, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted if required by the Indenture Commission, the natural persons thereof that have voting and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securitiesdispositive control over the shares.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Subscription Agreement (Intellicell Biosciences, Inc.), Subscription Agreement (Intellicell Biosciences, Inc.)
Registration Procedures. In connection with the registration obligations (a) Whenever any Stockholders holding Registrable Securities have requested that any Registrable Securities be registered pursuant to Section 6.1 of the Company under Section 2 hereofthis Agreement, the Company shall:
(a) Prepare will use its best efforts to effect the registration and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the such Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution disposition thereof, and pursuant thereto the Company will as expeditiously as possible:
(i) prepare and file with the Commission a Registration Statement with respect to such Registrable Securities and use commercially reasonable its best efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided (PROVIDED, that at least 20 days before filing any Shelf a Registration Statement or Prospectus (as defined below) or any amendments or supplements thereto with the SECthereto, the Company shall will furnish to counsel selected by the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (orDemand Registration Stockholders holding Registrable Securities covered by such Registration Statement, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts filed, which documents will be subject to reflect in each such document when so filed with the SEC such comments as the timely review of such counsel and the Company will not file any Registration Statement or amendment thereto or any Prospectus or any supplement thereto, including documents incorporated by reference, to which such counsel shall reasonably shall propose within three (3object) Business Days of and remain effective until the delivery of Registrable Securities covered by such copies to the Initial Purchaser and such counsel.Registration Statement have been sold;
(bii) Prepare prepare and file with the SEC Commission such amendments and post-effective amendments supplements to each Shelf such Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf Registration Statement continuously effective until the expiration earliest to occur of (a) the sale of all such Registrable Securities, (b) the sale by the underwriter(s) of all such Registrable Securities purchased by it/them, and (c) 180 days after the effective date of the Effectiveness Period; cause the related Prospectus to be supplemented by any required Prospectus supplementRegistration Statement and, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; and use commercially reasonable efforts to comply with the provisions of the Securities Act applicable to it with respect to the disposition of all securities Securities covered by such Shelf Registration Statement during the Effectiveness Period such effective period in accordance with the intended methods of disposition by the sellers thereof set forth in such Shelf Registration Statement and cause the Prospectus to be supplemented by any required prospectus supplement, and as so amended or such Prospectus as so supplemented.
(c) As promptly as practicable give notice supplemented to the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) (i) when any Prospectus, Prospectus supplement, Shelf Registration Statement or post-effective amendment be filed pursuant to a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement Rule 424 under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional information, ;
(iii) upon request, furnish to each seller of Registrable Securities such number of copies of such Registration Statement, each amendment and supplement thereto, the Prospectus included in such Registration Statement (including each preliminary Prospectus and each Prospectus filed under Rule 424 of the issuance by Securities Act) and such other documents as each such seller may reasonably request in order to facilitate the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of any proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any disposition of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for owned by each such purpose, seller (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided being understood that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing consents to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies use of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as by such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, seller in connection with any the offering and sale of the Registrable Securities covered by such the Prospectus or any amendment or supplement thereto in the manner set forth therein.thereto);
(hiv) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable its best efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the such other securities or Blue Sky blue sky laws of such jurisdictions within the United States as any Notice Holder seller reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementrequests, use commercially reasonable its best efforts to keep each such registration or qualification (effective, including through new filings, amendments or exemption therefrom) effective renewals, during the Effectiveness Period in connection with period such Notice Holder's offer and sale of Registrable Securities pursuant Registration Statement is required to such registration or qualification (or exemption therefrom) be kept effective, and do any and all other acts or and things which may be reasonably necessary or advisable to enable such seller to consummate the disposition in such jurisdictions of the Registrable Securities owned by such seller;
(v) notify each seller of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be Securities, at any time when a Prospectus relating thereto is required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement delivered under Section 8(d) or 8(e) of the Securities Act, (B) of the occurrence happening of any event or the existence of any fact as a result of which any Shelf the Prospectus included in such Registration Statement shall contains an untrue statement of a material fact or omits any fact necessary to make the statements therein not misleading, and, at the request of any such seller, the Company will promptly prepare (and, when completed, give notice to each seller of Registrable Securities) a supplement or amendment to such Prospectus so that, as thereafter delivered to the purchasers of such Registrable Securities, such Prospectus will not contain any an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of ; PROVIDED that upon such notification by the Company, makes each seller of such Registrable Securities will not offer or sell such Registrable Securities until the Company has notified such seller that it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (has prepared a "Material Event"), (i) in the case of clause (B) supplement or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement Prospectus and delivered copies of such supplement or a supplement amendment to such Seller;
(vi) cause all such Registrable Securities to be listed, prior to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light date of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to first sale of such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) aboveregistration, or until it is advised in writing on each securities exchange on which similar securities issued by the Company that the Prospectus may be usedare then listed and, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) aboveif not so listed, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein listed with the National Association of Securities Dealers automated quotation system ("NASDAQ");
(vii) provide a transfer agent and registrar for all such Registrable Securities not later than the effective date of such Registration Statement;
(viii) enter into all such customary agreements (including underwriting agreements in customary form) and take all such other actions as counsel for the Stockholders of Registrable Securities being sold or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary underwriters, if any, reasonably request in order to make expedite or facilitate the statements thereindisposition of such Registrable Securities (including, in the light without limitation, effecting a stock split or a combination of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.shares);
(jix) Make make available for inspection during normal business hours on a confidential basis by representatives for the Notice Holders of any seller, any underwriter participating in any disposition pursuant to such Registrable SecuritiesRegistration Statement, and any broker-dealersattorney, attorneys and accountants accountant or other agent retained by any such Notice Holdersseller or underwriter (in each case after reasonable prior notice), all relevant financial and other records and records, pertinent corporate documents and properties of the Company and its subsidiariesCompany, and cause the appropriate Company's officers, directors directors, employees and employees of the Company and its subsidiaries independent accountants to make available for inspection during normal business hours supply on a confidential basis all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealersseller, attorneys underwriter, attorney, accountant or accountants agent in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at Registration Statement and cause the Company's requestchief executive officer and/or chief financial officer to be available upon reasonable request and at reasonable times to meet with underwriters and potential investors in connection with such Registration Statement;
(x) permit any holder of Registrable Securities, first agree which holder, in writing with its sole and exclusive judgment, might be deemed to be an underwriter or a controlling person of the Company that any information that is reasonably within the meaning of Section 15 of the Securities Act, to participate in the preparation of such registration or comparable statement and in good faith designated by to permit the insertion therein of material, furnished to the Company in writing as confidential at writing, which in the time of delivery reasonable judgment of such information holder and its counsel should be included, provided that such material shall be kept confidential by furnished under such persons and circumstances as shall cause it to be used solely for subject to the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements indemnification provisions provided pursuant to federal securities laws Section 6.7 (b) hereof;
(xi) in connection with the filing event of the issuance of any Shelf stop order suspending the effectiveness of a Registration Statement Statement, or of any order suspending or preventing the use of any related Prospectus referred to or suspending the qualification of any Registrable Securities included in this Agreement)such Registration Statement for sale in any jurisdiction, (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and will use its best efforts promptly to obtain the withdrawal of such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto order;
(xii) if requested by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (managing underwriter or underwriters or any similar rule promulgated under the holder of Registrable Securities Act) no later than 45 days after the end of in connection with any 12-month period (or 90 days after the end of any 12-month period if such period is sale pursuant to a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12promptly incorporate in a Prospectus supplement or post-month periods.effective amendment such information relating to such underwriting as the managing underwriter or underwriters or such holder reasonably requests to be included therein, and make all required filings of such Prospectus supplement or post-effective amendment as soon as practicable after being notified of the matters incorporated in such Prospectus supplement or post-effective amendment;
(lxiii) Cooperate cooperate with each Notice Holder the Stockholders holding Registrable Securities and the managing underwriter or underwriters, if any, to facilitate the timely preparation and delivery of certificates (bearing any such restrictive legends as may be required by law) representing Registrable Securities to be sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legendsunder such registration, and cause enable such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as the managing underwriter or underwriters, if any, or such Notice Holder Stockholders may request in writing at least request;
(2xiv) Business Days prior use its best efforts to any sale cause the Registrable Securities to be registered with or approved by such other governmental agencies or authorities within the United States and having jurisdiction over the Company as may reasonably be necessary to enable the seller or sellers thereof or the underwriter or underwriters, if any, to consummate the disposition of such Registrable Securities.;
(mxv) Provide use its best efforts to obtain:
(A) at the time of effectiveness of each registration, a CUSIP number for all "comfort letter" from the Company's independent certified public accountants covering such matters of the type customarily covered by "cold comfort letters" as the Stockholders holding a majority of the Registrable Securities covered by each Shelf such registration and the underwriters reasonably request; and
(B) at the time of any underwritten sale pursuant to a Registration Statement, a "bring-down comfort letter", dated as of the date of such sale, from the Company's independent certified public accountants covering such matters of the type customarily covered by "cold comfort letters" as the Stockholders holding a majority of the Registrable Securities covered by such Registration Statement not and the underwriters reasonably request;
(xvi) use its best efforts to obtain, at the time of effectiveness of each Registration Statement and at the time of any sale pursuant to each registration, an opinion or opinions, favorable in form and scope to the Stockholders holding a majority of the Registrable Securities covered by such registration, from counsel to the Company in customary form; and
(xvii) otherwise comply with all applicable rules and regulations of the Commission, and make generally available to its Stockholders (as contemplated by Section 11(a) under the Securities Act) an earnings statement satisfying the provisions of Rule 158 under the Securities Act no later than ninety (90) days after the end of the twelve month period beginning with the first month of the Company's first fiscal quarter commencing after the effective date of such Shelf the Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust CompanyStatement, which statement shall cover said twelve month period.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Stockholders Agreement (Heritage Property Investment Trust Inc), Stockholders Agreement (Heritage Property Investment Trust Inc)
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than five Trading Days prior to the SEC filing of a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements thereto with the SECsupplement thereto, the Company shall shall, (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) owning Registrable Securities registered under such Registration Statement copies of all such documents proposed to be filed (including documents incorporated or deemed incorporated by reference to the extent requested by such Person) which documents will be subject to the review of such Holders, and use commercially (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel to reflect in each such document when so filed with conduct a reasonable investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery Securities Act. The Company shall not file any such Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of a majority of the Registrable Securities registered thereunder shall reasonably object in good faith, provided that the Company is notified of such objection in writing no later than five Trading Days after such Holders have been so furnished copies to the Initial Purchaser and of such counseldocuments.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf a Registration Statement and a Prospectus used in connection therewith as may be necessary to keep such Shelf Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the applicable Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible to any comments received from the Commission with respect to such Registration Statement or any similar provisions then in force) under amendment thereto and, as promptly as reasonably possible, upon request, provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to such Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects during the applicable Effectiveness Period with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf Registration Statement during the Effectiveness Period applicable period in accordance with the Holders’ intended methods of disposition by the sellers thereof set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As Notify the Holders of Registrable Securities to be sold as promptly as practicable give notice to the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser reasonably possible (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a “review” of a Registration Statement and whenever the Commission comments in writing on a Registration Statement (the Company shall upon request provide true and complete copies thereof and all written responses thereto to each of the Holders); and (C) with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority during the period of effectiveness of a Registration Statement for amendments or supplements to any Shelf such Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC Commission or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of such Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; and (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event of which the nature Company has knowledge as a result of which a Prospectus, as then in effect, contains any untrue statement of a material fact or details concerning) omits to state a Material Event and (vi) material fact required to be stated therein or necessary to make the statements therein, in light of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SECcircumstances under which they were made, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applynot misleading.
(d) Use commercially reasonable efforts to prevent avoid the issuance of, andor, if issued, to obtain the withdrawal of (i) any order suspending the effectiveness of a Shelf Registration Statement Statement, or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such orderas promptly as reasonably practicable.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish Furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf each Registration Statement registering Registrable Securities held by such Holder and any each amendment thereto, including financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein by reference to the extent requested in writing by such Person, and all exhibits (unless to the extent requested by such Person in writing to (including those previously furnished or incorporated by reference) promptly after the Company by filing of such Notice Holder, such counsel or documents with the Initial Purchaser)Commission.
(gf) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and request in connection with resales by the Holder of Registrable Securities. Subject to the terms of this Agreement, the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Holders in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in thereto, except after the manner set forth thereingiving of any notice pursuant to Section 3(c).
(hg) Prior to any public offering resale of the Registrable Securities pursuant to the Shelf Registration Statementby a Holder, use its commercially reasonable efforts to register or qualify or cooperate with the Notice selling Holders in connection with the registration or qualification (or exemption from such registration the Registration or qualification) of such Registrable Securities for offer and sale the resale by the Holder under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in covered by the manner set forth in the relevant Shelf applicable Registration Statement and the related ProspectusStatement; provided provided, that the Company will shall not be required to (i) qualify as a foreign corporation or as a dealer in securities generally to do business in any jurisdiction where it would is not otherwise be required then so qualified, subject the Company to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation material tax in any such jurisdiction where it is not then so subjectsubject or file a general consent to service of process in any such jurisdiction.
(h) If requested in writing by the Holders, cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to the applicable Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event contemplated by Section 3(c)(v), as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment, to the existence of any fact as a result of which any Shelf applicable Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither such Registration Statement nor the Prospectus included therein will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or . If the Company notifies the Holders in accordance with clauses (Cii) the occurrence or existence through (v) of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate Section 3(c) above to suspend the availability use of the Shelf Registration Statement and use of any Prospectus until the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment requisite changes to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were have been made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for then the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability shall suspend use of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use its commercially reasonable efforts to ensure that the use of the a Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which Company shall be entitled to exercise its right under this Section 3(i) to suspend the availability of the Shelf a Registration Statement and any Prospectus may be suspended (the "Suspension Period") without applicable Prospectus, subject to the Company incurring any obligation to pay payment of liquidated damages pursuant to Section 2(e2(b), for a period not to exceed 60 Trading Days (which need not be consecutive days) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) 12 month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, Comply in all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply material respects with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periodsCommission.
(lk) Cooperate with The Company may require each Notice Holder, upon three Trading Days’ notice, to furnish to the Company a certified statement as to, among other things, the number of shares of Common Stock beneficially owned by such Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities person that are in a form eligible for deposit with The Depository Trust Companyhas voting and dispositive control over such Shares.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Registration Rights Agreement (Verticalnet Inc), Registration Rights Agreement (Verticalnet Inc)
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than two Trading Days prior to the SEC a Shelf filing of the Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements thereto with the SECsupplement thereto, the Company shall shall, (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) their Special Counsel copies of all such documents proposed to be filed (including documents incorporated or deemed incorporated by reference) which documents will be subject to the review of such Holders and use commercially their Special Counsel, and (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel to reflect in each such document when so filed with conduct a reasonable investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery Securities Act. The Company shall not file the Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of such copies to a majority of the Initial Purchaser Registrable Securities and such counseltheir Special Counsel shall reasonably object in good faith.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf the Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf the Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible, and in any event within ten days, to any comments received from the Commission with respect to the Registration Statement or any similar provisions then in force) under amendment thereto and, as promptly as reasonably possible provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to the Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As Notify the Holders of Registrable Securities to be sold and their Special Counsel as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than three Trading Days prior to such filing) and (if requested by any such Person) confirm such notice to in writing no later than one Trading Day following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf the Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a "review" of such Registration Statement and whenever the Commission comments in writing on such Registration Statement (the Company shall provide true and complete copies thereof and all written responses thereto to each of the Holders); and (C) with respect to a Shelf the Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf the Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf the Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; and (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of financial statements included in the Registration Statement ineligible for inclusion therein or details concerning) a Material Event and (vi) any statement made in the Registration Statement or Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires any revisions to the Registration Statement, Prospectus or other documents so that, in the case of the determination by the Company that a post-effective amendment to a Shelf Registration Statement or the Prospectus, as the case may be, it will not contain any untrue statement of a material fact or omit to state any material fact required to be filed with stated therein or necessary to make the SECstatements therein, which notice may, at the discretion in light of the Company (or as required pursuant to Section 3(i))circumstances under which they were made, state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applynot misleading.
(d) Use commercially reasonable its best efforts to prevent avoid the issuance of, andor, if issued, to obtain the withdrawal of (i) any order suspending the effectiveness of a Shelf the Registration Statement Statement, or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case at the earliest possible practicable moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish Furnish to each Notice Holder, counsel for the Holders Holder and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchasertheir Special Counsel, without charge, at least one (1) conformed copy of the Shelf each Registration Statement and any each amendment thereto, including financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein by reference reference, and all exhibits (unless requested in writing to the Company extent requested by such Notice Holder, Person (including those previously furnished or incorporated by reference) promptly after the filing of such counsel or documents with the Initial Purchaser)Commission.
(gf) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders Holder and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statementtheir Special Counsel, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and the . The Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Holders in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in the manner set forth thereinthereto.
(hg) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use commercially reasonable its best efforts to register or qualify or cooperate with the Notice selling Holders and their Special Counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in the manner set forth in the relevant Shelf covered by a Registration Statement and the related ProspectusStatement; provided provided, that the Company will shall not be required to (i) qualify as a foreign corporation or as a dealer in securities generally to do business in any jurisdiction where it would is not otherwise be required then so qualified or subject the Company to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation material tax in any such jurisdiction where it is not then so subject.
(h) Cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event contemplated by Section 3(c)(v), as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment, to the existence of any fact as a result of which any Shelf Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither the Registration Statement nor such Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periodsCommission.
(lk) Cooperate with The Company may require each Notice selling Holder to facilitate furnish to the timely preparation and delivery Company a certified statement as to the number of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statementshares of Common Stock beneficially owned by such Holder and, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted if requested by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable SecuritiesCommission, the controlling person thereof.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Registration Rights Agreement (Aphton Corp), Registration Rights Agreement (Insignia Systems Inc/Mn)
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than five Business Days prior to the SEC a Shelf filing of each Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements supplement thereto with the SEC(including any document that would be incorporated or deemed to be incorporated therein by reference), the Company shall shall, (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed filed, which documents (other than those incorporated or deemed to be incorporated by reference) will be subject to the review of such Holders, and use commercially (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel to reflect in each conduct a reasonable investigation within the meaning of the Securities Act. The Company shall not file the Registration Statement or any such document when so filed with Prospectus or any amendments or supplements thereto to which the SEC Holders of a majority of the Registrable Securities shall reasonably object, provided, the Company is notified of such comments as the such counsel reasonably shall propose within three (3) objection no later than 5 Business Days of after the delivery Holders have been so furnished copies of such copies to the Initial Purchaser and such counseldocuments.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf a Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf a Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible, and in any event within ten days, to any comments received from the Commission with respect to a Registration Statement or any similar provisions then in force) under amendment thereto and as promptly as reasonably possible provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to a Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf a Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As If the number of Registrable Securities issuable at any time exceeds 85% of the number of shares of Common Stock then registered in a Registration Statement, then the Company shall file an additional Registration Statement covering the resale of the Registrable Securities by the Holders of not less than 150% of the number of Registrable Securities required in order that all Underlying Shares and all Warrant Shares issuable upon exercise of the Warrants would then be registered in accordance with this Agreement.
(d) Notify the Holders of Registrable Securities to be sold as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than five Business Days prior to such filing) and (if requested by any such Person) confirm such notice to in writing no later than one Business Day following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a "review" of such Registration Statement and whenever the Commission comments in writing on such Registration Statement (the Company shall provide true and complete copies thereof and all written responses thereto to each of the Holders); and (C) with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf a Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) if at any time any of the representations and warranties of the Company contained in any agreement contemplated hereby ceases to be true and correct in all material respects; (v) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event ; and (vi) of the determination by occurrence of any event or passage of time that makes the Company that financial statements included in a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (ineligible for inclusion therein or as required pursuant to Section 3(i)), state that it constitutes any statement made in a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing any material respect or that requires any revisions to a Registration Statement, Prospectus or other documents so that, in the Company by such Notice Holder, such counsel case of a Registration Statement or the Initial Purchaser)Prospectus, as the case may be, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading.
(ge) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and the . The Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Holders in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in the manner set forth thereinthereto.
(hf) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use commercially reasonable its best efforts to register or qualify or cooperate with the Notice selling Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in the manner set forth in the relevant Shelf covered by a Registration Statement and the related ProspectusStatement; provided provided, that the Company will shall not be required to (i) qualify as a foreign corporation or as a dealer in securities generally to do business in any jurisdiction where it would is not otherwise be required then so qualified or subject the Company to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation material tax in any such jurisdiction where it is not then so subject.
(ig) Cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request.
(h) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event contemplated this Section 3, as promptly as reasonably possible, prepare a supplement or the existence of any fact as amendment, including a result of which any Shelf post-effective amendment, to a Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither a Registration Statement nor such Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available Commission.
(j) Use its best efforts to its securityholders earning statements avoid the issuance of, or, if issued, obtain the withdrawal of (which need not be auditedi) satisfying any order suspending the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date effectiveness of a Shelf Registration Statement, which statements shall cover said 12-month periodsor (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, at the earliest practicable moment.
(lk) Cooperate with Furnish to each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration StatementHolder, which certificates shall not bear any restrictive legendswithout charge, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale one conformed copy of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide each amendment thereto, including financial statements and schedules, all documents incorporated or deemed to be incorporated therein by reference, and all exhibits to the Trustee and extent requested by such Person (including those previously furnished or incorporated by reference) promptly after the transfer agent for filing of such documents with the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust CompanyCommission.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Registration Rights Agreement (Viragen Inc), Registration Rights Agreement (Viragen Inc)
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than five Trading Days prior to the SEC a Shelf filing of the Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements thereto with the SECsupplement thereto, the Company shall shall, (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) any Holder of over $250,000 Subscription Amount copies of all such documents proposed to be filed and use commercially reasonable efforts (including documents incorporated or deemed incorporated by reference to reflect in each the extent requested by such document when so filed with Person) which documents will be subject to the SEC review of such comments as Holders. The Company shall not file the Registration Statement or any such counsel reasonably shall propose within three (3) Business Days Prospectus or any amendments or supplements thereto to which the Holders of a majority of the delivery Registrable Securities shall reasonably object in good faith, provided that the Company is notified of such objection in writing no later than 5 Trading Days after the Holders have been so furnished copies to the Initial Purchaser and of such counseldocuments.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf the Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf the Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible to any comments received from the Commission with respect to the Registration Statement or any similar provisions then in force) under amendment thereto and, as promptly as reasonably possible, upon request, provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to the Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf the Registration Statement as so amended or such Prospectus as so supplementedStatement.
(c) As Notify the Holders of Registrable Securities to be sold as promptly as practicable give reasonably possible and (if requested by any such Person) confirm such notice to in writing promptly following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf the Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a “review” of the Registration Statement and whenever the Commission comments in writing on the Registration Statement (the Company shall upon request provide true and complete copies thereof and all written responses thereto to each of the Holders); and (C) with respect to a Shelf the Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority during the period of effectiveness of the Registration Statement for amendments or supplements to any Shelf the Registration Statement or related Prospectus or for additional information, information related thereto; (iii) of the issuance by the SEC Commission or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf the Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; and (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of or details concerning) a Material Event and (vi) of financial statements included in the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with ineligible for inclusion therein or any statement made in the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing any material respect or that requires any revisions to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without chargeProspectus or other documents so that, as many copies in the case of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading misleading.
(it being understood that d) Use commercially reasonable efforts to avoid the Company may rely on information provided by each Notice Holder with respect to such Notice Holder)issuance of, as thereafter delivered to or, if issued, obtain the purchasers withdrawal of (i) any order suspending the effectiveness of the Registration Statement, or (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities being sold thereunderfor sale in any jurisdiction, andat the earliest practicable moment.
(e) Furnish to each Holder, in without charge, at least one conformed copy of the case of a post-effective Registration Statement and each amendment thereto, including financial statements and schedules, all documents incorporated or deemed to a Shelf Registration Statement, subject be incorporated therein by reference to the next sentenceextent requested by such Person, and all exhibits to the extent requested by such Person (including those previously furnished or incorporated by reference) promptly after the filing of such documents with the Commission.
(f) Promptly deliver to each Holder, without charge, as many copies of the Prospectus or Prospectuses (including each form of prospectus) and each amendment or supplement thereto as such Persons may reasonably request in connection with resales by the Holder of Registrable Securities. Subject to the terms of this Agreement, the Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by each of the selling Holders in connection with the offering and sale of the Registrable Securities covered by such Prospectus and any amendment or supplement thereto, except after the giving on any notice pursuant to Section 3(c).
(g) Prior to any resale of Registrable Securities by a Holder, use its commercially reasonable efforts to cause register or qualify or cooperate with the selling Holders in connection with the registration or qualification (or exemption from the Registration or qualification) of such Registrable Securities for the resale by the Holder under the securities or Blue Sky laws of such jurisdictions within the United States as any Holder reasonably requests in writing, to keep such Registration Statement or qualification (or exemption therefrom) effective during the Effectiveness Period and to do any and all other acts or things reasonably necessary to enable the disposition in such jurisdictions of the Registrable Securities covered by the Registration Statement; provided, that the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified, subject the Company to any material tax in any such jurisdiction where it is not then so subject or file a general consent to service of process in any such jurisdiction.
(h) If requested by the Holders, cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be declared effective as promptly as is practicabledelivered to a transferee pursuant to the Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any enable such Registrable Securities pursuant to be in such Shelf Registration Statement until denominations and registered in such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause names as any such Holders may request.
(i) above, or until it is advised in writing by Upon the Company that the Prospectus may be used, and has received copies occurrence of any additional or supplemental filings that are incorporated or deemed incorporated event contemplated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) aboveSection 3(c)(v), as promptly as is practicablereasonably possible, (y) in prepare a supplement or amendment, including a posteffective amendment, to the case of clause (B) aboveRegistration Statement or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as soon asthereafter delivered, in neither the reasonable judgment of the Company, the Shelf Registration Statement does not nor such Prospectus will contain any an untrue statement of a material fact or omits omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and . If the Company notifies the Holders in accordance with clauses (zii) in through (v) of Section 3(c) above to suspend the case of clause (C) above, as soon as, in the reasonable discretion use of the Companyuse of any Prospectus until the requisite changes to such Prospectus have been made, then the Holders shall suspend use of such suspension is no longer appropriateProspectus. The period during which Company will use its best efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable. The Company shall be entitled to exercise its right under this Section 3(i) to suspend the availability of the Shelf a Registration Statement and any Prospectus may be suspended (Prospectus, subject to the "Suspension Period") without the Company incurring any obligation to pay payment of liquidated damages pursuant to Section 2(e2(b), for a period not to exceed 90 days (which need not be consecutive days) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) 12 month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periodsCommission.
(lk) Cooperate with The Company may require each Notice Holder to facilitate furnish to the timely preparation and delivery Company a certified statement as to the number of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statementshares of Common Stock beneficially owned by such Holder and, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted if required by the Indenture Commission, the person thereof that has voting and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior dispositive control over the Shares. During any periods that the Company is unable to any sale meet its obligations hereunder with respect to the registration of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities solely because any Holder fails to furnish such information within three Trading Days of the Company’s request, any liquidated damages that are in a form eligible for deposit with The Depository Trust accruing at such time shall be tolled and any Event that may otherwise occur solely because of such delay shall be suspended, until such information is delivered to the Company.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Registration Rights Agreement (Imageware Systems Inc), Registration Rights Agreement (Imageware Systems Inc)
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereofhereunder with respect to any Registration Statement, the Company shall:
(a) Prepare and file with Not less than five (5) Trading Days prior to the SEC a Shelf filing of each Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements thereto with the SECsupplement thereto, the Company shall (i) furnish to the Initial Purchaser and counsel for the applicable Holders and for the Initial Purchaser to counsel to such Holders (or, if applicable, separate counsel for the Holders“Holder Counsel”) copies of all such documents proposed to be filed and use commercially (ii) cause the Company’s officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel, to reflect in each such document when so filed with conduct a reasonable investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery Securities Act. The Company shall not file such Registration Statement or any related Prospectus, amendments or supplements thereto to which the Holders of a majority of the Registrable Securities to be included in such copies to the Initial Purchaser and such counselregistration shall reasonably object.
(bi) Prepare and file with the SEC such amendments and amendments, including post-effective amendments amendments, to each Shelf Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf Registration Statement continuously effective as to the applicable Registrable Securities for the Effectiveness Period in the case of a Shelf Registration Statement, and until the expiration end of the Effectiveness Periodrelated offering in the case of any other Registration Statement, and prepare and file with the SEC such additional Registration Statements in order to register for resale under the Securities Act all of the Registrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible, to any comments received from the SEC with respect to any Registration Statement or any similar provisions then in force) under amendment thereto and as promptly as reasonably possible provide the Securities ActHolders and Holder Counsel true and complete copies of all correspondence from and to the SEC relating to a Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf a Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf the applicable Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As Notify the Holders of Registrable Securities to be sold pursuant to a Registration Statement and Holder Counsel as promptly as practicable give reasonably possible, and (if requested by any such Person) confirm such notice to in writing no later than one (1) Trading Day thereafter, of any of the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) following events: (i) when the SEC notifies the Company whether there will be a “review” of any Prospectus, Prospectus supplement, Shelf Registration Statement; (ii) the SEC comments in writing on any Registration Statement or post-effective amendment (in which case the Company shall deliver to each such Holder a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf copy of such comments and of all written responses thereto); (iii) any Registration Statement or any post-effective amendment, when the same has been amendment thereto is declared effective, ; (iiiv) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal Federal or state governmental authority for amendments requests any amendment or supplements supplement to any Shelf a Registration Statement or related Prospectus or for requests additional information, information related thereto; (iiiv) of the issuance by the SEC or any other federal or state governmental authority of issues any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of initiates any proceedings Proceedings for that purpose, ; (ivvi) of the receipt by the Company receives notice of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening threat of any proceeding Proceeding for such purpose, ; or (vvii) after the effective date of financial statements included in any Shelf Registration Statement filed pursuant become ineligible for inclusion therein or any statement made in any Registration Statement or related Prospectus or any document incorporated or deemed to this Agreement be incorporated therein by reference is untrue in any material respect or any revision to a Registration Statement, related Prospectus or other document is required so that it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the occurrence of (but circumstances under which they were made, not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applymisleading.
(d) Use its commercially reasonable efforts to prevent avoid the issuance of, andof or, if issued, to obtain the withdrawal of (i) any order suspending the effectiveness of a Shelf any Registration Statement or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case at the earliest possible practicable moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Use its commercially reasonable efforts to obtain all other approvals, consents, exemptions or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel authorizations for the Company from such governmental agencies or authorities as may be reasonably necessary to enable the applicable Holders and for to consummate the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings disposition of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable lawRegistrable Securities.
(f) As promptly as practicable furnish Furnish to each Notice Holder, counsel for the Holders applicable Holder and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial PurchaserHolder Counsel, without charge, at least one (1) conformed copy of the Shelf each Registration Statement and any each amendment thereto, ; including financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company extent requested by such Notice Holder, Person (excluding those previously furnished or incorporated by reference) promptly after the filing of such counsel or documents with the Initial Purchaser)SEC.
(g) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders applicable Holder and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration StatementHolder Counsel, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) related to a Registration Statement and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and the . The Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Holders in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in the manner set forth thereinthereto.
(h) In the time and manner required by each Trading Market, if at all, (i) prepare and file with such Trading Market an additional shares listing application covering all of the Registrable Securities; (ii) take all steps necessary to cause such Registrable Securities to be approved for listing on each Trading Market as soon as reasonably practicable thereafter; (iii) to the extent available to the Company, provide to the Holder evidence of such listing; and (iv) maintain the listing of such Registrable Securities on each such Trading Market.
(i) Prior to any public offering of the Registrable Securities pursuant to the Shelf a Registration Statement, use its commercially reasonable efforts to register or qualify or cooperate with the Notice selling Holders and Holder Counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer the case of a Shelf Registration Statement, and sale until the offering is completed in the case of Registrable Securities pursuant any other Registration Statement, and to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of the Registrable Securities covered by a Registration Statement.
(j) Cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by the Stockholders Agreement and any other agreement between the applicable Holder and the Company, of all restrictive legends, and to enable such Registrable Securities to be in the manner set forth such denominations and registered in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify such names as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subjectHolders may request.
(ik) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event described in Section 5(c)(vii), as promptly as reasonably possible, prepare a supplement or the existence of any fact as amendment, including a result of which any Shelf post-effective amendment, to such a Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither such Registration Statement nor its related Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or .
(Cl) Cooperate with any due diligence investigation undertaken by the occurrence or existence Holders in connection with the sale of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary Registrable Securities pursuant to applicable lawa Registration Statement, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or including, without limitation, by making available any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement documents and Prospectus so that such Shelf Registration Statement does not contain any untrue statement information.
(m) If Holders of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers majority of the Registrable Securities being sold thereunderoffered pursuant to a Registration Statement select underwriters (whether on a firm commitment or best efforts basis) for the offering, andthe Company shall enter into and perform its obligations under an underwriting (or similar) agreement, in usual and customary form, including, without limitation, by providing customary legal opinions, comfort letters and indemnification and contribution obligations.
(n) In the case event of a post-effective amendment to a Shelf Registration Statementany underwritten public offering, subject to enter into and perform its obligations under an underwriting agreement, in usual and customary form, with the next sentence, use managing underwriter of such offering.
(o) Use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, obtain an opinion from the Company’s counsel and (ii) give notice to a “cold comfort” letter from the Notice Holders and counsel for Company’s independent public accountants who have certified the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented Company’s financial statements included or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such dispositionStatement, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at dated the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery effective date of such information Registration Statement (and if such registration involves an underwritten offering, dated the date of the closing under the underwriting agreement), in customary form and covering such matters as are customarily covered by such opinions and “cold comfort” letters delivered to underwriters in underwritten public offerings, which opinion and letter shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available reasonably satisfactory to the public other than as a result of a disclosure sole or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company lead managing underwriter, if any, and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5Holders.
(kp) Provide a transfer agent and registrar for all such Registrable Securities not later than the effective date of such registration statement.
(q) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periodsSEC.
(lr) Cooperate with each Notice The Company shall not be required to deliver any document pursuant to any provision of this Section 5 to any Holder to facilitate the timely preparation and delivery of certificates representing that is not selling Registrable Securities sold under the applicable Registration Statement. The Company shall also not be required to deliver any document pursuant to any provision of this Section 5, other than Section 5(g), to any Holder that proposes to sell Registrable Securities with less than $500,000 in aggregate offering price to the public under the Registration Statement (based on the last sale price per Common Stock on the Trading Market on the Trading Day immediately preceding the date of the Purchaser Request or Registration Request, as the case may be).
(s) The Company shall not identify any Holder as an underwriter in any public disclosure or filing with the SEC or any Trading Market without the prior written consent of such Holder. If the Company is required by law to identify a Shelf Holder as an underwriter in any public disclosure or filing with the SEC or any Trading Market, it must notify such Holder in writing in advance (the “Identification Notice”) and such Holder shall have the option, in its sole discretion, to consent to such identification as an underwriter or to elect to have its Registrable Securities be deemed Cut Back Shares solely for the purposes of such Registration Statement and removed from such Registration Statement, which certificates shall . If the Holder does not bear any restrictive legends, and cause make such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least election within five (25) Business Days prior to any sale of such Holder’s receipt of the Identification Notice, such Holder shall be deemed to have elected to have its Registrable SecuritiesSecurities be deemed to be Cut Back Shares. The Company shall not be obligated to file a new Registration Statement as a result of any such Cut Back Shares. Except as provided in this Section 5(t), any Holder being deemed an underwriter by the SEC shall not relieve the Company of any obligations it has under this Agreement.
(mt) Provide a CUSIP number for Use its commercially reasonable efforts to take all Registrable Securities covered by each Shelf Registration Statement not later than other steps necessary to expedite or facilitate the effective date registration and disposition of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Companycontemplated hereby.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Registration Rights Agreement (Ares Corporate Opportunities Fund II, L.P.), Registration Rights Agreement (Stream Global Services, Inc.)
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with the SEC Commission on or prior to the Filing Date, a Shelf Registration Statement or Shelf Registration Statements on Form S-1 S-3 (or S-3 or any other appropriate form under if the Securities Act available Company is not then eligible to register for the sale of resale the Registrable Securities by the Holders thereof on Form S-3 such Registration Statement shall be on another appropriate form in accordance with the intended Securities Act and the rules and regulations promulgated thereunder) in accordance with the method or methods of distribution thereofthereof as described on Annex A hereto (except if otherwise directed by all of the Holders), and use commercially reasonable best efforts to cause each such Shelf the Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counsel..
(b) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf the Registration Statement as may be necessary to keep such Shelf the Registration Statement continuously effective until (subject to Section 3.1(m)) as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements, if necessary, in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 (or any similar provisions then in force) promulgated under the Securities Act; respond promptly to any comments received from the Commission with respect to the Registration Statement or any amendment thereto and use commercially reasonable efforts promptly provide the Holders true and complete copies of all correspondence from and to the Commission relating to such Registration Statement; and comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented.. The Company shall (A) permit Legal Counsel (as defined below) to review and comment upon (i) a Registration Statement at least five (5) Business Days prior to its initial filing with the Commission and (ii) all amendments and supplements to all Registration Statements (except for Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and any similar or successor reports) within a reasonable number of days prior to their filing with the Commission, and (B) not file any Registration Statement or amendment or supplement thereto in a form to which Legal Counsel reasonably objects in good faith in writing. The Company shall furnish to Legal Counsel, without charge, copies of any correspondence from the Commission or the staff of the Commission to the Company or its representatives relating to any Registration Statement.
(c) As At the time the Commission declares the Registration Statement effective, each Holder shall be named as a selling stockholder in the Registration Statement and the related Prospectus in such a manner as to permit such Holder to deliver such Prospectus to purchasers of Registrable Securities included in the Registration Statement in accordance with applicable law, subject to the terms and conditions hereof. From and after the date the Registration Statement is declared effective, any Holder not named as a selling stockholder in the Registration Statement at the time of effectiveness may request that the Company amend or supplement the Registration Statement to include such Holder as a selling stockholder, and the Company shall, as promptly as practicable give notice to and in any event upon the Notice Holders, later of (x) ten (10) Business Days after such date or (y) ten (10) Business Days after the Initial Purchaser and counsel for the Holders and for the Initial Purchaser expiration of any Deferral Period (or, if applicable, separate counsel for the Holdersas defined in Section 3.1(m)) that is either in effect or put into effect within ten (10) Business Days of such date:
(i) when if required by applicable law, prepare and file with the Commission a post-effective amendment to the Registration Statement or prepare and, if required by applicable law, file a supplement to the related Prospectus or a supplement or amendment to any Prospectus, document incorporated therein by reference or file with the Commission any other required document so that the Holder is named as a selling stockholder in the Registration Statement and the related Prospectus supplement, in such a manner as to permit such Holder to deliver such Prospectus to purchasers of such Holder’s Registrable Securities included in the Shelf Registration Statement in accordance with applicable law and, if the Company shall file a post-effective amendment to the Registration Statement, use its reasonable best efforts to cause such post-effective amendment to be declared effective under the Securities Act as promptly as is practicable, but in any event by the date that is sixty (60) days after the date such post-effective amendment is required by this clause to be filed;
(ii) provide such Holder copies of any documents filed pursuant to Section 3.1(c)(i); and
(iii) notify such Holder as promptly as practicable after the effectiveness under the Securities Act of any post-effective amendment filed pursuant to Section 3.1(c)(i);
(d) Promptly notify the Holders of Registrable Securities (i)(A) when a Registration Statement, a Prospectus or any Prospectus supplement or pre- or post-effective amendment to a Shelf the Registration Statement has been filed with is filed; (B) when the SEC andCommission notifies the Company whether there will be a “review” of such Registration Statement and whenever the Commission comments in writing on such Registration Statement, and if requested by such Holders, furnish to them a copy of such comments and the Company’s responses thereto and (C) with respect to a Shelf the Registration Statement or any post-post- effective amendmentamendment filed by the Company, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf the Registration Statement or related Prospectus or for additional information, information of the Company; (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf the Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities of the Company for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; and (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event that makes any statement made in the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing any material respect or that requires any revisions to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and other documents so that, in the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use case of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading misleading.
(it being understood that e) Use reasonable best efforts to avoid the Company may rely on information provided by each Notice Holder with respect issuance of, and, if issued, to such Notice Holder)obtain the withdrawal of, as thereafter delivered to (i) any order suspending the purchasers effectiveness of the Registration Statement or (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities being sold thereunderfor sale in any U.S. jurisdiction.
(f) If requested by the Holders of a majority of the Registrable Securities, (i) promptly incorporate in a Prospectus supplement or post- effective amendment to the Registration Statement such information as such Holders reasonably request to be included therein unless the inclusion of such information would reasonably be expected to expose the Company to liability under federal and state securities laws and regulations and (ii) make all required filings of such Prospectus supplement or such post-effective amendment as soon as practicable after the Company has received notification of the matters to be incorporated in such Prospectus supplement or post-effective amendment.
(g) Furnish to each Holder, without charge and upon request, one conformed copy of each Registration Statement and each amendment thereto, including financial statements and schedules, and, to the extent requested by such Person, all documents incorporated or deemed to be incorporated therein by reference, and all exhibits (including those previously furnished or incorporated by reference) promptly after the filing of such documents with the Commission, provided, that the Company shall have no obligation to provide any document pursuant to this clause that is available on the Commission’s ▇▇▇▇▇ system.
(h) Promptly deliver to each Holder, without charge, not more than five (5) copies of the Prospectus or Prospectuses (including each form of prospectus) and each amendment or supplement thereto; and the Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by each of the selling Holders in connection with the case offering and sale of the Registrable Securities covered by such Prospectus and any amendment or supplement thereto to the extent permitted by federal and state securities laws and regulations.
(i) Cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities of the Company to be sold pursuant to a Registration Statement.
(j) Upon the occurrence of any event contemplated by Section 3.1(d)(v), as promptly as practicable prepare a supplement or amendment, including a post-effective amendment to a Shelf Registration Statementamendment, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice Registration Statement or a supplement to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of related Prospectus or any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are document incorporated or deemed to be incorporated therein by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) abovereference, and file any other required document so that, as promptly as is practicablethereafter delivered, (y) in neither the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not nor such Prospectus will contain any an untrue statement of a material fact or omits omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
(k) Use reasonable best efforts to cause all Registrable Securities relating to the Registration Statement to be listed on the Nasdaq Stock Market, LLC or any subsequent securities exchange, quotation system or market, if any, on which similar securities issued by the Company are then listed or traded.
(l) The Company may require each selling Holder to furnish to the Company information regarding such Holder and the distribution of such Registrable Securities as is required by law to be disclosed in the Registration Statement, and the Company may exclude from such registration the Registrable Securities of any such Holder who fails to furnish such information within fifteen (z15) days after receiving such request.
(m) If (i) there is material non-public information regarding the Company which the Board reasonably determines not to be in the case Company’s best interest to disclose and which the Company is not otherwise required to disclose, or (ii) there is a significant business opportunity (including, but not limited to, the acquisition or disposition of clause assets (C) above, as soon as, other than in the reasonable discretion ordinary course of business) or any merger, consolidation, tender offer or other similar transaction) available to the Company which the Board reasonably determines not to be in the Company’s best interest to disclose, such suspension is no longer appropriate. The period during which then the availability Company may postpone or suspend filing or effectiveness of the Shelf a Registration Statement and any Prospectus may be suspended for a period (the "Suspension a “Deferral Period"”) without not to exceed forty-five (45) consecutive days, provided that the Company incurring any may not postpone or suspend its obligation to pay liquidated damages pursuant to under this Section 2(e3.1(m) shall not exceed thirty for more than sixty (3060) days in the aggregate in during any three month period or one hundred twenty (120) days in the aggregate in any twelve (consecutive 12) -month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that no such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated postponement or suspension by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and permitted for more than one forty-five (45) day period, arising out of the same set of facts, circumstances or transactions.
(n) The Company shall be used solely for use reasonable best efforts to register or qualify, or cooperate with the purposes Holders of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws the Registrable Securities included in the Registration Statement in connection with the filing registration or qualification of, the resale of any Shelf Registration Statement the Registrable Securities under applicable securities or “blue sky” laws of such states of the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than United States as a result of a disclosure or failure to safeguard by any such person Holder requests in writing and to do any and all other acts or (iv) things necessary or advisable to enable the offer and sale in such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations jurisdictions of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf the Registration Statement Statement; provided, however, that the Company shall not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
be required to (ni) Cooperate and assist qualify generally to do business in any filings rjurisdiction where it is not then so qualified or (ii) take any action that would subject it to general service of process or to taxation in any jurisdiction to which it is not then so subject.
Appears in 2 contracts
Sources: Registration Rights Agreement (Alimera Sciences Inc), Registration Rights Agreement (Alimera Sciences Inc)
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than three Trading Days prior to the SEC filing of a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements supplement thereto with the SEC(specifically excluding any document that would be incorporated or deemed to be incorporated therein by reference), the Company shall furnish to the Initial each Purchaser and any counsel for the Holders and for the Initial designated by any Purchaser (oreach, if applicablea "PURCHASER COUNSEL", separate counsel for the Holdersand Vertical Ventures, LLC has initially designated Proskauer Rose LLP) copies of all such documents proposed to be filed filed, which documents (other than those incorporated or deemed to be incorporated by reference) will be subject to the review of such Purchasers and use commercially reasonable efforts each Purchaser Counsel. The Company shall not file a Registration Statement or any such Prospectus or any amendments or supplements thereto to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days which Purchasers holding a majority of the delivery of such copies to the Initial Purchaser and such counselRegistrable Securities shall reasonably object in good faith.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf the Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible, and in any event within 15 days, to any comments received from the Commission with respect to the Registration Statement or any similar provisions then in force) under amendment thereto and as promptly as reasonably possible provide the Securities ActPurchasers true and complete copies of all correspondence from and to the Commission relating to the Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Purchasers thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As Notify the Purchasers of Registrable Securities to be sold and each Purchaser Counsel as promptly as practicable give reasonably possible, and (if requested by any such Person) confirm such notice to in writing no later than one Trading Day thereafter, of any of the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) following events: (i) when the Commission notifies the Company whether there will be a "review" of any Prospectus, Prospectus supplement, Shelf Registration Statement; (ii) the Commission comments in writing on any Registration Statement or post-effective amendment (in which case the Company shall deliver to each Purchaser a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf copy of such comments and of all written responses thereto); (iii) any Registration Statement or any post-effective amendment, when the same has been amendment is declared effective, ; (iiiv) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC Commission or any other federal Federal or state governmental authority for amendments requests any amendment or supplements supplement to any Shelf Registration Statement or related Prospectus or for requests additional information, information related thereto; (iiiv) of the issuance by the SEC or any other federal or state governmental authority of Commission issues any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of initiates any proceedings Proceedings for that purpose, ; (ivvi) of the receipt by the Company receives notice of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening threat of any proceeding Proceeding for such purpose, ; or (vvii) after the effective date of financial statements included in any Shelf Registration Statement filed pursuant become ineligible for inclusion therein or any statement made in any Registration Statement or Prospectus or any document incorporated or deemed to this Agreement be incorporated therein by reference is untrue in any material respect or any revision to a Registration Statement, Prospectus or other document is required so that it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the occurrence of (but circumstances under which they were made, not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applymisleading.
(d) Use commercially reasonable its best efforts to prevent avoid the issuance of, andof or, if issued, to obtain the withdrawal of (i) any order suspending the effectiveness of a Shelf any Registration Statement Statement, or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case at the earliest possible practicable moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish Furnish to each Notice Holder, counsel for the Holders Purchaser and for the Initial each Purchaser (or, if applicable, separate counsel for the Holders) and the Initial PurchaserCounsel, without charge, at least one (1) conformed copy of the Shelf each Registration Statement and any each amendment thereto, including financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein by reference reference, and all exhibits (unless requested in writing to the Company extent requested by such Notice Holder, Person (including those previously furnished or incorporated by reference) promptly after the filing of such counsel or documents with the Initial Purchaser)Commission.
(gf) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders Purchaser and for the Initial each Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration StatementCounsel, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and the . The Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Purchasers in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in thereto.
(g) (i) In the time and manner set forth thereinrequired by each Trading Market, prepare and file with such Trading Market an additional shares listing application covering all of the Registrable Securities; (ii) take all steps necessary to cause such Registrable Securities to be approved for listing on each Trading Market as soon as possible thereafter; (iii) provide to the Purchasers evidence of such listing; and (iv) maintain the listing of such Registrable Securities on each such Trading Market or another Eligible Market.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use commercially reasonable its best efforts to register or qualify or cooperate with the Notice Holders selling Purchasers and each applicable Purchaser Counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky blue sky laws of such jurisdictions within the United States as any Notice Holder reasonably Purchaser requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in the manner set forth in the relevant Shelf covered by a Registration Statement and the related ProspectusStatement; provided provided, however, that the Company will shall not be required obligated to (i) file any general consent to service of process or to qualify as a foreign corporation or as a dealer in securities in any jurisdiction where in which it would is not otherwise be required so qualified or to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or itself to taxation in respect of doing business in any such jurisdiction where in which it is not then so otherwise subject.
(i) Upon (A) Cooperate with the issuance by Purchasers to facilitate the SEC timely preparation and delivery of certificates representing Registrable Securities to be delivered to a stop order suspending the effectiveness of the Shelf transferee pursuant to a Registration Statement or the initiation of proceedings with respect Statement, which certificates shall be free, to the Shelf Registration Statement under Section 8(dextent permitted by this Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Purchasers may request.
(j) or 8(e) of the Securities Act, (B) Upon the occurrence of any event described in Section 6.2(c)(vii), as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment, to the existence of any fact as a result of which any Shelf Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither the Registration Statement nor such Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periodsCommission.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Securities Purchase Agreement (Lynx Therapeutics Inc), Securities Purchase Agreement (Lynx Therapeutics Inc)
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with the SEC Commission on or prior to the Filing Date, a Shelf Registration Statement or Shelf (and any additional Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof as may be required) in accordance with the intended method or methods of distribution thereofSection 2(a), and use commercially reasonable efforts to cause each such Shelf the Registration Statement to become effective and remain effective as provided herein; provided PROVIDED, HOWEVER, that before not less than five (5) Business Days prior to the filing any Shelf of the Registration Statement or any related Prospectus or any amendments amendment or supplements supplement thereto with the SEC(including any document that would be incorporated or deemed to be incorporated therein by reference), the Company shall (i) furnish to the Initial Purchaser Holders, their Special Counsel and counsel for the Holders and for the Initial Purchaser (orany managing underwriters, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed filed, which documents (other than those incorporated or deemed to be incorporated by reference) will be subject to the review of such Holders, their Special Counsel and use commercially such managing underwriters, and (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the opinion of respective counsel to such Holders and such underwriters, to conduct a reasonable efforts to reflect in each such document when so filed with investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery Securities Act. The Company shall not file the Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of such copies to a majority of the Initial Purchaser and such counselRegistrable Securities, their Special Counsel, or any managing underwriters, shall reasonably object on a timely basis.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf the Registration Statement as may be necessary to keep such Shelf the Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 (or any similar provisions then in force) promulgated under the Securities Act; (iii) respond as promptly as practicable to any comments received from the Commission with respect to the Registration Statement or any amendment thereto and use commercially reasonable efforts promptly provide the Holders true and complete copies of all correspondence from and to the Commission relating to the Registration Statement; and (iv) comply with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As promptly as practicable give notice to the Notice Holders, the Initial Purchaser and counsel for Notify the Holders of Registrable Securities to be sold, their Special Counsel and for any managing underwriters immediately (and, in the Initial Purchaser case of (ori)(A) below, not less than five (5) days prior to such filing) and (if applicable, separate counsel for requested by any such Person) confirm such notice in writing no later than one (1) Business Day following the Holders) day (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf the Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a "review" of such Registration Statement and whenever the Commission comments in writing on such Registration Statement (the Company shall provide true and complete copies thereof and all written responses thereto to each of the Holders) and (C) with respect to a Shelf the Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf the Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf the Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) if at any time any of the representations and warranties of the Company contained in any agreement (including any underwriting agreement) contemplated hereby ceases to be true and correct in all material respects; (v) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event ; and (vi) of the determination by occurrence of any event that makes any statement made in the Company that a post-effective amendment to a Shelf Registration Statement will or Prospectus or any document incorporated or deemed to be filed with incorporated therein by reference untrue in any material respect or that requires any revisions to the SECRegistration Statement, which notice mayProspectus or other documents so that, at in the discretion case of the Company (Registration Statement or the Prospectus, as the case may be, it will not contain any untrue statement of a material fact or omit to state any material fact required pursuant to Section 3(i)), state that it constitutes a Suspension Noticebe stated therein or necessary to make the statements therein, in light of the circumstances under which event the provisions of Section 3(i) shall applythey were made, not misleading.
(d) Use commercially reasonable its best efforts to prevent avoid the issuance of, andor, if issued, to obtain the withdrawal of (i) any order suspending the effectiveness of a Shelf the Registration Statement or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case at the earliest possible practicable moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by any managing underwriter or the Initial Purchaser or any Notice HolderHolders of a majority in interest of the Registrable Securities to be sold in connection with an Underwritten Offering, as (i) promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf the Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the managing underwriters and such Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to reasonably agree should be included therein by applicable law and (ii) make any all required filings of such Prospectus supplement or such post-effective amendment as soon as practicable after the Company has received notification of the matters to be incorporated in such Prospectus supplement or post-effective amendment; provided PROVIDED, HOWEVER, that the Company shall not be required to take any actions under action pursuant to this Section 3(e) thatthat would, in the written opinion of counsel for the Company, are not in compliance with violate applicable lawlaw or be materially detrimental to the business prospects of the Company.
(f) As promptly as practicable furnish Furnish to each Notice Holder, counsel for the Holders their Special Counsel and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaserany managing underwriters, without charge, at least one (1) conformed copy of the Shelf each Registration Statement and any each amendment thereto, including financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein by reference reference, and all exhibits (unless requested in writing to the Company extent reasonably requested by such Notice Holder, Person (including those previously furnished or incorporated by reference) promptly after the filing of such counsel or documents with the Initial Purchaser)Commission.
(g) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders their Special Counsel, and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statementunderwriters, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Holders and any underwriters in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in the manner set forth thereinthereto.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use commercially reasonable its best efforts to register or qualify or cooperate with the Notice Holders selling Holders, any underwriters and their Special Counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably or underwriter requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in the manner set forth in the relevant Shelf covered by a Registration Statement and the related ProspectusStatement; provided PROVIDED, HOWEVER, that the Company will shall not be required to (i) qualify as a foreign corporation or as a dealer in securities generally to do business in any jurisdiction where it would is not otherwise be required then so qualified or to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits any such jurisdiction where it is not then so subject or subject the Company to taxation any material tax in any such jurisdiction where it is not then so subject.
(i) Cooperate with the Holders and any managing underwriters to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold pursuant to a Registration Statement, which certificates shall be free of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such managing underwriters or Holders may request at least three Business Days prior to any sale of Registrable Securities.
(j) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event contemplated by Section 3(c)(vi), as promptly as practicable, prepare a supplement or amendment, including a post-effective amendment, to the existence of any fact as a result of which any Shelf Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither the Registration Statement nor such Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or .
(Ck) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate Use its best efforts to suspend the availability of the Shelf cause all Registrable Securities relating to such Registration Statement to be listed on the OTC Bulletin Board and any other securities exchange, quotation system, market or over-the-counter bulletin board, if any, on which similar securities issued by the related Prospectus Company are then listed as and when required pursuant to the Purchase Agreement.
(a "Material Event"), (il) in In the case of clause (B) or (C) abovean Underwritten Offering, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference enter into such Shelf Registration Statement agreements (including an underwriting agreement in form, scope and Prospectus so that substance as is customary in Underwritten Offerings) and take all such Shelf Registration Statement does not contain other actions in connection therewith (including those reasonably requested by any untrue statement managing underwriters and the Holders of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers majority of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (iisold) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make expedite or facilitate the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders disposition of such Registrable Securities, and whether or not an underwriting agreement is entered into, (i) make such representations and warranties to such Holders and such underwriters as are customarily made by issuers to underwriters in underwritten public offerings, and confirm the same if and when requested; (ii) obtain and deliver copies thereof to each Holder and the managing underwriters, if any, of opinions of counsel to the Company and updates thereof addressed to each selling Holder and each such underwriter, in form, scope and substance reasonably satisfactory to any broker-dealerssuch managing underwriters and Special Counsel to the selling Holders covering the matters customarily covered in opinions requested in Underwritten Offerings and such other matters as may be reasonably requested by such Special Counsel and underwriters; (iii) immediately prior to the effectiveness of the Registration Statement or at the time of delivery of any Registrable Securities sold pursuant thereto (at the option of the underwriters), attorneys obtain and deliver copies to the Holders and the managing underwriters, if any, of "cold comfort" letters and updates thereof from the independent certified public accountants of the Company (and, if necessary, any other independent certified public accountants of any subsidiary of the Company or of any business acquired by the Company for which financial statements and financial data is, or is required to be, included in the Registration Statement), addressed to each Person and in such form and substance as are customary in connection with Underwritten Offerings; (iv) if an underwriting agreement is entered into, the same shall contain indemnification provisions and procedures no less favorable to the selling Holders and the underwriters, if any, than those set forth in Section 7 (or such other provisions and procedures acceptable to the managing underwriters, if any, and holders of a majority of Registrable Securities participating in such Underwritten Offering; and (v) deliver such documents and certificates as may be reasonably requested by the Holders of a majority of the Registrable Securities being sold, their Special Counsel and any managing underwriters to evidence the continued validity of the representations and warranties made pursuant to clause 3(l)(i) above and to evidence compliance with any customary conditions contained in the underwriting agreement or other agreement entered into by the Company.
(m) Make available for inspection by the selling Holders, a representative of such Holders, an underwriter participating in any disposition of Registrable Securities, and an attorney or accountant retained by such Notice Holdersselling Holders or underwriters, at the offices where normally kept, during reasonable business hours, all relevant financial and other records and records, pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors directors, agents and employees of the Company and its subsidiaries to make available for inspection during normal business hours supply all relevant information reasonably in each case requested by such representatives for the Notice Holders, or any such broker-dealersHolder, attorneys representative, underwriter, attorney or accountants accountant in connection with such dispositionthe Registration Statement; PROVIDED, in each case as is customary for similar "due diligence" examinations; providedHOWEVER, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and determined in good faith designated by the Company in writing as to be of a confidential nature at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this AgreementPersons, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, ; (ii) disclosure of such information information, in the opinion of counsel to such Person, is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), law; (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person Person; or (iv) such information becomes available to any such person Person from a source other than the Company and such source is not known by such Person to be bound by a confidentiality agreement or is not otherwise under a duty of trust to with the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(kn) Comply with all applicable rules and regulations of the SEC Commission and make generally available to its securityholders security holders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no not later than 45 days after the end of any 12-12 month period (or 90 days after the end of any 12-12 month period if such period is a fiscal year) (i) commencing at the end of any fiscal quarter in which Registrable Securities are sold to underwriters in a firm commitment or best efforts Underwritten Offering and (ii) if not sold to underwriters in such an offering, commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf the Registration Statement, which statements statement shall cover said 12-12 month periodsperiod, or end shorter periods as is consistent with the requirements of Rule 158.
(lo) Cooperate with The Company may require each Notice selling Holder to facilitate furnish to the timely preparation and delivery Company such information regarding the distribution of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities and the beneficial ownership of Common Stock held by such selling Holder as is required by law to be disclosed in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for Company may exclude from such registration the Registrable Securities that are in of any such Holder who unreasonably fails to furnish such information within a form eligible for deposit with The Depository Trust reasonable time after receiving such request. If the Registration Statement refers to any Holder by name or otherwise as the holder of any securities of the Company.
, then such Holder shall have the right to require (n) Cooperate and assist in any filings rif such reference to such Holder by name or otherwise is not require
Appears in 2 contracts
Sources: Registration Rights Agreement (Fix Corp International Inc), Registration Rights Agreement (Fix Corp International Inc)
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with 3.1 Not less than five business days prior to the SEC a Shelf filing of each Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements supplement thereto with the SEC(including any document that would be incorporated or deemed to be incorporated therein by reference), the Company shall shall, (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) each Holder copies of all such documents proposed to be filed filed, which documents (other than those incorporated or deemed to be incorporated by reference) will be subject to the review of such Holders, and use commercially (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel to reflect in each such document when so filed with conduct a reasonable investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery Securities Act. The Company shall not file a Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of a majority of the Registrable Securities shall reasonably object in good faith, provided that, the Company is notified of such objection in writing no later than 4 business days after the Holders have been so furnished copies to the Initial Purchaser and of such counseldocuments.
3.2 (bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf a Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf a Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplementsupplement (subject to the terms of this Agreement), and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible to any comments received from the Commission with respect to a Registration Statement or any similar provisions then in force) under amendment thereto and as promptly as reasonably possible provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to a Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf a Registration Statement during the Effectiveness Period applicable period in accordance (subject to the terms of this Agreement) with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As promptly as practicable give notice to the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) (i) when any Prospectus, Prospectus supplement, Shelf Registration Statement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of any proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Private Placement Subscription Agreement (Fuqin Fintech LTD), Private Placement Subscription Agreement (Fuqin Fintech LTD)
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts Each Holder agrees to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish to the Initial Purchaser and counsel for Company a completed questionnaire in the Holders and for the Initial Purchaser form attached to this Agreement as Annex B (or, if applicable, separate counsel for the Holdersa “Selling Shareholder Questionnaire”) copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business not less than two Trading Days of the delivery of such copies prior to the Initial Purchaser and such counselFiling Date.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf a Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf a Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplementsupplement (subject to the terms of this Agreement), and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible to any comments received from the Commission with respect to a Registration Statement or any similar provisions then in force) under the Securities Actamendment thereto; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf a Registration Statement during the Effectiveness Period applicable period in accordance (subject to the terms of this Agreement) with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As If during the Effectiveness Period, the number of Registrable Securities outstanding or issuable at any time exceeds 100% of the number of shares of Common Stock then registered in a Registration Statement, the Company shall file as soon as reasonably practicable, an additional Registration Statement covering the resale by the Holders of not less than 120% of the number of Registrable Securities outstanding or issuable less the number of shares of Common Stock then registered in a Registration Statement or otherwise disposed of pursuant to a Registration Statement or an exemption therefrom.
(d) Notify the Placement Agent and the Holders of Registrable Securities to be sold (which notice shall, pursuant to clauses (iii) through (vi) hereof, be accompanied by an instruction to suspend the use of the Prospectus until the requisite changes have been made) as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than 1 Trading Day prior to such filing) and (if requested by any such Person) confirm such notice to in writing no later than one Trading Day following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a “review” of such Registration Statement and whenever the Commission comments in writing on such Registration Statement; and (C) with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf a Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC Commission or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of or details concerning) financial statements included in a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (ineligible for inclusion therein or as required pursuant to Section 3(i)), state that it constitutes any statement made in a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing to the Company by such Notice Holder, such counsel any material respect or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with that requires any sale of Registrable Securities pursuant revisions to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holderother documents so that, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC case of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading misleading; and (it being understood vi) the occurrence or existence of any pending corporate development with respect to the Company that the Company believes may rely on be material and that, in the determination of the Company, makes it not in the best interest of the Company to allow continued availability of a Registration Statement or Prospectus, provided that any and all of such information provided shall remain confidential to each Holder until such information otherwise becomes public, unless disclosure by each Notice a Holder with respect is required by law.
(e) Use its commercially reasonable efforts to such Notice Holder)avoid the issuance of, as thereafter delivered to or, if issued, obtain the purchasers withdrawal of (i) any order stopping or suspending the effectiveness of a Registration Statement, or (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities being sold thereunderfor sale in any jurisdiction, andat the earliest practicable moment.
(f) Furnish to each Holder, without charge, at least one conformed copy of each such Registration Statement and each amendment thereto, including financial statements and schedules, all documents incorporated or deemed to be incorporated therein by reference to the extent requested by such Person, and all exhibits to the extent requested by such Person (including those previously furnished or incorporated by reference) promptly after the filing of such documents with the Commission; provided, that any such item which is available on the E▇▇▇▇ system need not be furnished in physical form.
(g) Promptly deliver to each Holder (upon the case request of such Holder, without charge, which may be delivered via email or facsimile), as many copies of the Prospectus or Prospectuses (including each form of prospectus) and each amendment or supplement thereto as such Persons may reasonably request in connection with resales by the Holder of Registrable Securities. Subject to the terms of this Agreement, the Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by each of the selling Holders in connection with the offering and sale of the Registrable Securities covered by such Prospectus and any amendment or supplement thereto, except after the giving of any notice pursuant to Section 3(d).
(h) The Company shall cooperate with any broker-dealer through which a Holder proposes to resell its Registrable Securities in effecting a filing with the FINRA Corporate Financing Department pursuant to FINRA Rule 2710, as requested by any such Holder, and the Company shall pay the filing fee required by such filing within two (2) Business Days of request therefor.
(i) Prior to any resale of Registrable Securities by a Holder, use its commercially reasonable efforts to register or qualify or cooperate with the selling Holders in connection with the registration or qualification (or exemption from the Registration or qualification) of such Registrable Securities for the resale by the Holder under the securities or Blue Sky laws of such jurisdictions within the United States as any Holder reasonably requests in writing, to keep each registration or qualification (or exemption therefrom) effective during the Effectiveness Period and to do any and all other acts or things reasonably necessary to enable the disposition in such jurisdictions of the Registrable Securities covered by each Registration Statement; provided, that (1) the Company shall not be required to register the Registrable Securities in any jurisdiction wherein an exemption from registration is reasonably available and (2) the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified, subject the Company to any material tax in any such jurisdiction where it is not then so subject or file a general consent to service of process in any such jurisdiction.
(j) If requested by the Holders, cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request.
(k) Upon the occurrence of any event contemplated by Section 3(d)(ii)-(vi), as promptly as reasonably possible under the circumstances taking into account the Company’s good faith assessment of any adverse consequences to the Company and its stockholders of the premature disclosure of such event, prepare a supplement or amendment, including a post-effective amendment amendment, to a Shelf Registration Statement, subject Statement or a supplement to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of related Prospectus or any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are document incorporated or deemed to be incorporated therein by reference reference, and file any other required document so that, as thereafter delivered, neither a Registration Statement nor such Prospectus will 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, in light of the circumstances under which they were made, not misleading. If the Company notifies the Holders in accordance with clauses (iii) through (vi) of Section 3(d) above to suspend the use of any Prospectus until the requisite changes to such Prospectus have been made, then the Holders shall suspend use of such Prospectus. The Company will use its commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which Company shall be entitled to exercise its right under this Section 3(k) to suspend the availability of the Shelf a Registration Statement and any Prospectus may be suspended (Prospectus, subject to the "Suspension Period") without the Company incurring any obligation to pay payment of partial liquidated damages pursuant to Section 2(e2(b), for a period not to exceed 60 days (which need not be consecutive days) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) 12 month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(kl) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable SecuritiesCommission.
(m) Provide The Company may require each selling Holder to furnish to the Company a CUSIP certified statement as to the number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the shares of Common Stock with certificates for beneficially owned by such Holder and, if required by the Registrable Securities Commission, the natural persons thereof that are in a form eligible for deposit with The Depository Trust Companyhave voting and dispositive control over the Shares.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Registration Rights Agreement (Intellinetics, Inc.), Registration Rights Agreement (Intellinetics, Inc.)
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than three Trading Days prior to the SEC filing of a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements thereto with the SECsupplement thereto, the Company shall shall, (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed (including documents incorporated or deemed incorporated by reference to the extent requested by such Person) which documents will be subject to the review of such Holders, and use commercially (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel to reflect in each such document when so filed with conduct a reasonable investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery of such copies to the Initial Purchaser and such counselSecurities Act.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf a Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf a Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible, and in any event within fifteen days, to any comments received from the Commission with respect to a Registration Statement or any similar provisions then in force) under amendment thereto and, as promptly as reasonably possible, upon request, provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to such Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf a Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf a Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As Notify the Holders of Registrable Securities to be sold as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than three Trading Days prior to such filing) and (if requested by any such Person) confirm such notice to in writing promptly following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a "review" of a Registration Statement and whenever the Commission comments in writing on such Registration Statement (the Company shall upon request provide true and complete copies thereof and all written responses thereto to each of the Holders); and (C) with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority during the period of effectiveness of a Registration Statement for amendments or supplements to any Shelf a Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC Commission or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; and (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but any event or passage of time that makes the financial statements included in a Registration Statement ineligible for inclusion therein or any statement made in such Registration Statement or Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires any revisions to such Registration Statement, Prospectus or other documents so that, in the case of a Registration Statement or the Prospectus, as the case may be, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the nature of or details concerning) a Material Event and (vi) statements therein, in light of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SECcircumstances under which they were made, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applynot misleading.
(d) Use commercially its reasonable best efforts to prevent avoid the issuance of, andor, if issued, to obtain the withdrawal of (i) any order suspending the effectiveness of a Shelf Registration Statement Statement, or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case at the earliest possible practicable moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish Furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf each Registration Statement and any each amendment thereto, including financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein by reference to the extent requested by such Person, and all exhibits (unless requested in writing to the Company extent requested by such Notice Holder, Person (including those previously furnished or incorporated by reference) promptly after the filing of such counsel or documents with the Initial Purchaser)Commission.
(gf) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and the . The Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Holders in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in the manner set forth thereinthereto.
(hg) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use commercially its reasonable best efforts to register or qualify or cooperate with the Notice selling Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in the manner set forth in the relevant Shelf covered by a Registration Statement and the related ProspectusStatement; provided provided, that the Company will shall not be required to (i) qualify as a foreign corporation or as a dealer in securities generally to do business in any jurisdiction where it would is not otherwise be required then so qualified, subject the Company to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation material tax in any such jurisdiction where it is not then so subjectsubject or file a general consent to service of process in any such jurisdiction.
(h) Cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event contemplated by Section 3(c)(v), as promptly as reasonably possible, prepare a supplement or the existence of any fact as amendment, including a result of which any Shelf post-effective amendment, to a Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither such Registration Statement nor such Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periodsCommission.
(lk) Cooperate with The Company may require each Notice selling Holder to facilitate furnish to the timely preparation and delivery Company a certified statement as to the number of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statementshares of Common Stock beneficially owned by such Holder and, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted if requested by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable SecuritiesCommission or the Principal Market, the controlling person thereof.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Registration Rights Agreement (Daugherty Resources Inc), Registration Rights Agreement (Daugherty Resources Inc)
Registration Procedures. In connection with any Registration Statement and subject to the registration obligations provisions of Section 1, and pursuant thereto the Company under Section 2 hereof, the Company shallshall as expeditiously as reasonably practicable:
(a) Prepare prepare and file with the SEC Commission a Shelf Registration Statement or Shelf Registration Statements relating to the registration on Form S-1 or S-3 or any such other appropriate form under the Securities Act Act, which form shall be available for the sale or distribution of the Registrable Securities by the Holders thereof being sold in accordance with the intended method or methods of distribution thereofthereof and shall include all financial statements required by the Commission to be filed therewith (including, if required by the Securities Act or any regulation thereunder, financial statements of any Subsidiary (as defined in Rule 405 under the Securities Act) of the Company which shall have guaranteed any indebtedness of the Company), cooperate and assist in any filings required to be made with the NASD and use commercially its reasonable best efforts to cause each such Shelf Registration Statement to become effective and remain effective approved by such governmental agencies or authorities as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with may be necessary to enable the SEC, selling holders to consummate the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days of the delivery disposition of such copies to the Initial Purchaser and such counsel.Registrable Securities;
(b) Prepare prepare and file with the SEC Commission such amendments and post-effective amendments to each Shelf such Registration Statement as may be necessary to keep such Shelf Registration Statement continuously effective until for the expiration of the Effectiveness applicable Registration Period; in the case of any Registration Statement filed pursuant to Rule 415 under the Securities Act, cause the related Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; , to add any permitted assignee or transferee of any Investor as a "selling stockholder" therein and use commercially reasonable efforts to comply fully with the applicable provisions of Rules 424 and 430A under the Securities Act in a timely manner, and to comply with the provisions of the Securities Act applicable to it with respect to the disposition of all securities covered by such Shelf Registration Statement during the Effectiveness Period applicable period in accordance with the intended method or methods of disposition distribution by the sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented.supplement to the Prospectus;
(c) As advise the holders of the Registrable Securities promptly as practicable give notice to the Notice Holders(and in any event within one Business Day, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (orby e-mail, fax or other type of communication) and, if applicablerequested by such Persons, separate counsel for the Holders) confirm such advice in writing:
(i) when any Prospectus, Prospectus supplement, Shelf Registration Statement or any Prospectus supplement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC filed, and, with respect to a Shelf such Registration Statement or any post-effective amendmentamendment thereto, when the same has been declared become effective, ;
(ii) of the existence of any requestfact and the happening of any event that makes any statement of a material fact made in such Registration Statement, following the effectiveness of the Initial Shelf Registration Statement under the Securities ActProspectus, by the SEC any amendment or supplement thereto, or any other federal document incorporated by reference therein untrue, or state governmental authority for amendments that requires the making of any additions to or supplements to any Shelf changes in such Registration Statement or related the Prospectus or for additional information, in order to make the statements therein not misleading; and
(iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order or other order suspending the effectiveness of such Registration Statement, or any Shelf Registration Statement order issued by any state securities commission or the initiation or threatening of any proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of other regulatory authority suspending the qualification or exemption from qualification of any of the such Registrable Securities for sale in under state securities or "blue sky" laws. If at any jurisdiction or the initiation or threatening of any proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by time the Company that shall receive any such stop order suspending the effectiveness of such Registration Statement, or any such order from a post-effective amendment state securities commission or other regulatory authority, the Company shall use its reasonable best efforts to a Shelf Registration Statement will be filed with obtain the SEC, which notice may, withdrawal or lifting of such order at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applyearliest possible time.
(d) Use commercially reasonable efforts deliver to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any each holder of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration StatementSecurities, without charge, as many copies of the any Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser Person may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each and any amendment or supplement thereto by each Notice Holder, of the holders of the Registrable Securities in connection with any the offering and the sale or distribution of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.thereto;
(he) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of Registrable Securities, reasonably cooperate with the holders of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period and their respective counsel in connection with such Notice Holder's offer the registration and sale qualification of the Registrable Securities pursuant to under the securities or "blue sky" laws of such registration or qualification (or exemption therefrom) jurisdictions as the holders of the Registrable Securities may reasonably request in writing and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in the manner set forth in the relevant Shelf covered by such Registration Statement and the related ProspectusStatement; provided provided, that the Company will shall not be required to (i) qualify as a foreign corporation in connection therewith or as a dealer in securities in any jurisdiction where it would not otherwise be required condition thereto to qualify but for this Agreement to do business or (ii) take any action that would subject it to file a general consent to service of process in suits or to taxation in any such jurisdiction where it is not then so subject.states or jurisdictions;
(if) Upon (A) use its reasonable best efforts to cause the issuance Registrable Securities covered by such Registration Statement to be registered with or approved by such other governmental agencies or authorities in the United States as may be reasonably requested in writing by the SEC seller or distributor thereof to consummate the disposition of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(dsuch Registrable Securities;
(g) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of if any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of event contemplated by clause (Bc)(ii) above shall exist or (C) above, subject to the next sentence, as promptly as practicablehave occurred, prepare and file, if necessary pursuant to applicable law, a supplement or post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement that, as thereafter delivered to the purchasers of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleadingRegistrable Securities, and such Prospectus does will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light therein not misleading;
(h) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the circumstances under Commission;
(i) use its reasonable best efforts to cause all applicable Registrable Securities to be listed on each securities exchange or market, if any, on which they were made, not misleading (it being understood that equity securities issued by the Company may rely on information provided by each Notice Holder are then listed; and
(j) use its reasonable best efforts to take all other steps reasonably necessary to effect the registration of the applicable Registrable Securities contemplated hereby. It shall be a condition precedent to the obligations of the Company hereunder with respect to such Notice Holder), as thereafter delivered to the purchasers registration of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment particular Investor that such Investor shall furnish to a Shelf the Company such information regarding itself, the Registrable Securities held by it and the intended method of disposition of the Registrable Securities held by it as shall be reasonably requested by the Company in connection with its obligations under this Agreement and shall execute such other documents in connection with such registration as the Company may reasonably request. Each Investor by such Investor's acceptance of the Registrable Securities agrees to cooperate with the Company as reasonably requested by the Company in connection with the preparation and filing of any Registration Statement hereunder, unless such Investor has notified the Company of such Investor's election to exclude all of such Investor's Registrable Securities from such Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability . Each holder of the Shelf Registration Statement is suspended (a "Suspension Notice") andRegistrable Securities agrees by acquisition of such Registrable Securities that, upon receipt of any Suspension Noticenotice from the Company of the existence of any fact of the kind described in Section 2(c)(ii), each Notice Holder agrees not to sell any or notice of a stop order or suspension described in Section 2(c)(iii), such holder shall forthwith discontinue disposition of Registrable Securities pursuant and cease to use the Prospectus in use under such Shelf Registration Statement until such Notice Holder's receipt of Statement. The Company shall, as promptly as practicable, provide each holder with copies of the supplemented or amended Prospectus provided for in clause (i) abovecontemplated by Section 2(g), or until it is advised advise the holders in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) resumed, and promptly provide each holder with copies of any additional or supplemental filings which are incorporated by reference in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of Prospectus. If so directed by the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits each such holder shall deliver to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's requestexpense) all copies, first agree other than permanent file copies then in writing with such holder's possession, of the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential Prospectus covering such Registrable Securities current at the time of delivery receipt of such information shall be kept confidential by such persons and shall be used solely for notice. If, pursuant to the purposes terms of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty gives notice to each holder of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant its intention to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by remove from registration the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf the Registration Statement that have not later than been sold, each holder shall notify the effective date Company promptly upon the receipt of such Shelf Registration Statement and provide notice of the Trustee and the transfer agent for the Common Stock with certificates for the number of Registrable Securities that are in a form eligible for deposit with The Depository Trust Companyregistered but remain unsold.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Registration Rights Agreement (Navisite Inc), Registration Rights Agreement (Navisite Inc)
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than two Trading Days prior to the SEC a Shelf filing of each Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements supplement thereto with the SEC(including any document that would be incorporated or deemed to be incorporated therein by reference), the Company shall shall, (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) each Holder copies of all such documents proposed to be filed filed, which documents (other than those incorporated or deemed to be incorporated by reference) will be subject to the review of such Holders, and use commercially (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of counsel to reflect in each such document when so filed with the SEC such comments as Holders conduct a reasonable investigation within the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery of such copies to the Initial Purchaser and such counselSecurities Act.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf a Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf a Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplementsupplement (subject to the terms of this Agreement), and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond promptly to any comments received from the Commission with respect to a Registration Statement or any similar provisions then in force) under amendment thereto and promptly provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to a Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf a Registration Statement during the Effectiveness Period applicable period in accordance (subject to the terms of this Agreement) with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As promptly If during the Effectiveness Period, the number of Liquidated Damage Shares at any time exceeds the number of Liquidated Damage Shares then registered in a Registration Statement, then the Company shall file as soon as reasonably practicable give notice but in any case prior to the Notice Holdersapplicable Filing Date, an additional Registration Statement covering the Initial Purchaser and counsel for resale by the Holders and for of such additional Liquidated Damage Shares.
(d) Notify the Initial Purchaser Holders of Registrable Securities to be sold (orwhich notice shall, if applicablepursuant to CLAUSES (ii) THROUGH (vi) hereof, separate counsel for be accompanied by an instruction to suspend the Holdersuse of the Prospectus until the requisite changes have been made) promptly (and, in the case of (i)(A) below, not less than two Trading Days prior to such filing) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a "review" of such Registration Statement and whenever the Commission comments in writing on such Registration Statement (the Company shall provide true and complete copies thereof and all written responses thereto to each of the Holders); and (C) with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf a Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of or details concerning) financial statements included in a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (ineligible for inclusion therein or as required pursuant to Section 3(i)), state that it constitutes any statement made in a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing to the Company by such Notice Holder, such counsel any material respect or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with that requires any sale of Registrable Securities pursuant revisions to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holderother documents so that, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC case of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading misleading; and (it being understood vi) the occurrence or existence of any pending corporate development with respect to the Company that the Company believes may rely on be material and that, in the determination of the Company, makes it not in the best interest of the Company to allow continued availability of the Registration Statement or Prospectus; provided that any and all of such information provided shall remain confidential to each Holder until such information otherwise becomes public, unless disclosure by a Holder is required by law; PROVIDED, FURTHER, notwithstanding each Holder's agreement to keep such information confidential, the Holders make no acknowledgement that any such information is material, non-public information.
(e) Promptly deliver to each Holder, without charge, as many copies of the Prospectus or Prospectuses (including each form of prospectus) and each amendment or supplement thereto as such Persons may reasonably request. Subject to the terms of this Agreement, the Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by each Notice Holder of the selling Holders in connection with respect to such Notice Holder), as thereafter delivered to the purchasers offering and sale of the Registrable Securities being sold thereundercovered by such Prospectus and any amendment or supplement thereto.
(f) Use commercially reasonable efforts to register or qualify the resale of such Registrable Securities as required under applicable securities or Blue Sky laws of each State within the United States as any Holder requests in writing, andto keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period; provided that the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified or subject the Company to any material tax in any such jurisdiction where it is not then so subject.
(g) Cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request.
(h) Upon the case occurrence of any event contemplated by this SECTION 3, as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment amendment, to a Shelf Registration Statement, subject Statement or a supplement to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of related Prospectus or any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are document incorporated or deemed to be incorporated therein by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) abovereference, and file any other required document so that, as promptly as is practicablethereafter delivered, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf neither a Registration Statement does not nor such Prospectus will contain any an untrue statement of a material fact or omits omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without If the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days notifies the Holders in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection accordance with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, CLAUSES (ii) disclosure THROUGH (vi) OF SECTION 3(d) above to suspend the use of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred until the requisite changes to in this Agreementsuch Prospectus have been made, or the Company otherwise notifies the Holders of its election to suspend the availability of a Registration Statement and Prospectus pursuant to CLAUSE (vi) OF SECTION 3(d), then the Holders shall suspend use of such Prospectus. The Company will use its best efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable, except that in the case of suspension of the availability of a Registration Statement and Prospectus pursuant to CLAUSE (iiivi) OF SECTION 3(d), the Company shall not be required to take such information becomes generally available action until such time as it shall determine that the continued availability of the Registration Statement and Prospectus is no longer not in the best interests of the Company. The Company shall be entitled to exercise its right under this SECTION 3(h) to suspend the availability of a Registration Statement and Prospectus, subject only to the public other than as a result payment of a disclosure or failure partial liquidated damages pursuant to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5SECTION 2(b).
(ki) Comply with all applicable rules and regulations of the SEC and make generally available Commission.
(j) Use its best efforts to its securityholders earning statements avoid the issuance of, or, if issued, obtain the withdrawal of (which need not be auditedi) satisfying any order suspending the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date effectiveness of a Shelf Registration Statement, which statements or (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, at the earliest practicable moment.
(k) The Company may require, at any time prior to the second Trading Day prior to the Filing Date, each Holder to furnish to the Company a statement as to the number of shares of Common Stock beneficially owned by such Holder and, if requested by the Commission, the controlling person thereof, within two Trading days of the Company's request. During any periods that the Company is unable to meet its obligations hereunder with respect to the registration of the Registrable Securities solely because any Holder fails to furnish such information within two Trading Days of the Company's request, any partial liquidated damages that are accruing as to all Holders at such time shall cover said 12-month periodsbe tolled and any Event that may otherwise occur as to such Holder solely because of such delay shall be suspended, until such information is delivered to the Company.
(l) Cooperate with Attached as SCHEDULE 3(l) hereto is a schedule of shareholders and shares registered in their names or which they have rights to acquire from the Company, by way of conversion or otherwise. For each Notice Holder to facilitate such shareholder, the timely preparation and delivery of certificates representing Registrable Securities sold shares listed on SCHEDULE 3(l) shall be included in a Registration Statement on a piggyback basis, unless such shares are included in another registration statement or may be sold, without volume limitations, pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by Rule 144 of the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable SecuritiesAct.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Registration Rights Agreement (Markland Technologies Inc), Registration Rights Agreement (Markland Technologies Inc)
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than five Trading Days prior to the SEC a Shelf filing of each Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements supplement thereto with the SEC(including any document that would be incorporated or deemed to be incorporated therein by reference), the Company shall shall, (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) each Holder copies of all such documents proposed to be filed filed, which documents (other than those incorporated or deemed to be incorporated by reference) will be subject to the review of such Holders, and use commercially (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel to reflect in each such document when so filed with conduct a reasonable investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery Securities Act. The Company shall not file the Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of a majority of the Registrable Securities shall reasonably and in good faith object, provided, the Company is notified of such objection in writing no later than 3 Trading Days after the Holders have been so furnished copies to the Initial Purchaser and of such counseldocuments.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf a Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf a Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplementsupplement (subject to the terms of this Agreement), and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible to any comments received from the Commission with respect to a Registration Statement or any similar provisions then in force) under amendment thereto and as promptly as reasonably possible provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to a Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf a Registration Statement during the Effectiveness Period applicable period in accordance (subject to the terms of this Agreement) with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As If during the Effectiveness Period, the number of Registrable Securities at any time exceeds 75% of the number of shares of Common Stock then registered in a Registration Statement, then the Company shall file as soon as reasonably practicable but in any case prior to the applicable Filing Date, an additional Registration Statement covering the resale by the Holders of not less than 150% of the number of such Registrable Securities.
(d) Notify the Holders of Registrable Securities to be sold (which notice shall, pursuant to clauses (ii) through (vi) hereof, be accompanied by an instruction to suspend the use of the Prospectus until the requisite changes have been made) as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than five Trading Days prior to such filing) and (if requested by any such Person) confirm such notice to in writing no later than one Trading Day following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a “review” of such Registration Statement and whenever the Commission comments in writing on such Registration Statement (the Company shall provide true and complete copies thereof and all written responses thereto to each of the Holders); and (C) with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf a Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of or details concerning) financial statements included in a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (ineligible for inclusion therein or as required pursuant to Section 3(i)), state that it constitutes any statement made in a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing to the Company by such Notice Holder, such counsel any material respect or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with that requires any sale of Registrable Securities pursuant revisions to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holderother documents so that, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC case of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading misleading; and (it being understood vi) the occurrence or existence of any pending corporate development with respect to the Company that the Company believes may rely on be material and that, in the determination of the Company, makes it not in the best interest of the Company to allow continued availability of the Registration Statement or Prospectus; provided that any and all of such information provided shall remain confidential to each Holder until such information otherwise becomes public, unless disclosure by a Holder is required by law; provided, further, notwithstanding each Holder’s agreement to keep such information confidential, the Holders make no acknowledgement that any such information is material, non-public information.
(e) Promptly deliver to each Holder, without charge, as many copies of the Prospectus or Prospectuses (including each form of prospectus) and each amendment or supplement thereto as such Persons may reasonably request. Subject to the terms of this Agreement, the Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by each Notice Holder of the selling Holders in connection with respect to such Notice Holder), as thereafter delivered to the purchasers offering and sale of the Registrable Securities being sold thereundercovered by such Prospectus and any amendment or supplement thereto.
(f) Use commercially reasonable efforts to register or qualify the resale of such Registrable Securities as required under applicable securities or Blue Sky laws of each State within the United States as any Holder requests in writing, andto keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period; provided, that the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified or subject the case Company to any material tax in any such jurisdiction where it is not then so subject.
(g) Cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request.
(h) Upon the occurrence of any event contemplated by this Section 3, as promptly as reasonably possible under the circumstances taking into account the Company’s good faith assessment of any adverse consequences to the Company and its stockholders of the premature disclosure of such event, prepare a supplement or amendment, including a post-effective amendment amendment, to a Shelf Registration Statement, subject Statement or a supplement to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of related Prospectus or any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are document incorporated or deemed to be incorporated therein by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) abovereference, and file any other required document so that, as promptly as is practicablethereafter delivered, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf neither a Registration Statement does not nor such Prospectus will contain any an untrue statement of a material fact or omits omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and . If the Company notifies the Holders in accordance with clauses (zii) in through (v) of Section 3(d) above to suspend the case of clause (C) above, as soon as, in the reasonable discretion use of the Companyuse of any Prospectus until the requisite changes to such Prospectus have been made, then the Holders shall suspend use of such suspension is no longer appropriateProspectus. The period during which Company will use its best efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable. The Company shall be entitled to exercise its right under this Section 3(h) to suspend the availability of the Shelf a Registration Statement and any Prospectus may be suspended (Prospectus, subject to the "Suspension Period") without the Company incurring any obligation to pay payment of partial liquidated damages pursuant to Section 2(e2(b), for a period not to exceed 60 days (which need not be consecutive days) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) 12 month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available Commission.
(j) Use its best efforts to its securityholders earning statements avoid the issuance of, or, if issued, obtain the withdrawal of (which need not be auditedi) satisfying any order suspending the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date effectiveness of a Shelf Registration Statement, which statements shall cover said 12-month periodsor (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, at the earliest practicable moment.
(lk) Cooperate with The Company may require, at any time prior to the third Trading Day prior to the Filing Date, each Notice Holder to facilitate furnish to the timely preparation and delivery Company a statement as to the number of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statementshares of Common Stock beneficially owned by such Holder and, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted if requested by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee Commission and the transfer agent for Holder is not an individual, the Common Stock controlling person thereof, within three Trading days of the Company’s request. During any periods that the Company is unable to meet its obligations hereunder with certificates for respect to the registration of the Registrable Securities solely because any Holder fails to furnish such information within three Trading Days of the Company’s request, any partial liquidated damages that are in a form eligible for deposit with The Depository Trust accruing as to the Holders at such time shall be tolled and any Event that may otherwise occur as to such Holder solely because of such delay shall be suspended, until such information is delivered to the Company.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Registration Rights Agreement (World Health Alternatives Inc), Securities Purchase Agreement (World Health Alternatives Inc)
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than three Trading Days prior to the SEC filing of a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements thereto with the SECsupplement thereto, furnish via email to those Purchasers or their counsels who have supplied the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) with email addresses copies of all such documents proposed to be filed filed, which documents (other than any document that is incorporated or deemed to be incorporated by reference therein) will be subject to the review of such Purchasers (it being acknowledged and agreed that if a Purchaser does not object to or comment on the aforementioned documents within the two Trading Day period, then the Purchaser shall be deemed to have consented to and approved the use commercially reasonable efforts to of such documents). The Company shall reflect in each such document when so filed with the SEC Commission such comments regarding the Purchasers and the plan of distribution as the such counsel Purchasers may reasonably shall and promptly propose within three (3) Business no later than two Trading Days of after the delivery Purchasers have been so furnished with copies of such copies to the Initial Purchaser and such counseldocuments as aforesaid.
(bi) Prepare Subject to Section 5.1(d), prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf the Registration Statement continuously effective until effective, as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act424; and use commercially reasonable efforts to (iii) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Purchasers thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented; provided, however, that, subject to applicable requirements, each Purchaser shall be responsible for the delivery of the Prospectus to the Persons to whom such Purchaser sells any of the Shares (including in accordance with Rule 172 under the Securities Act), and each Purchaser agrees to dispose of Registrable Securities in compliance with the plan of distribution described in the Registration Statement and otherwise in compliance with applicable federal and state securities laws.
(c) As Notify the Purchasers as promptly as practicable give reasonably possible, and if requested by the Purchasers, confirm such notice to in writing no later than two Trading Days thereafter, of any of the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) following events: (i) when the Commission notifies the Company whether there will be a “review” of any Prospectus, Prospectus supplement, Shelf Registration Statement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf Statement; (ii) any Registration Statement or any post-effective amendment, when the same has been amendment is declared effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC or any other federal or state governmental authority of Commission issues any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of initiates any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company receives notice of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening threat of any proceeding Proceeding for such purpose, ; (v) after the effective date of financial statements included in any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event become ineligible for inclusion therein; and (vi) the occurrence or existence of the determination by any pending development with respect to the Company that a post-effective amendment to a Shelf Registration Statement will the Company believes may be filed with material and that, in the SECdetermination of the Company, which notice may, at makes it not in the discretion best interest of the Company (or as to allow continued availability of a Registration Statement, provided that any and all of such information shall remain confidential to each Purchaser until such information otherwise becomes public, unless disclosure by a Purchaser is required pursuant by law; provided, further, that notwithstanding each Purchaser's agreement to Section 3(i))keep such information confidential, state the Purchasers make no acknowledgement that it constitutes a Suspension Noticeany such information is material, in which event the provisions of Section 3(i) shall applynon-public information.
(d) Use commercially reasonable best efforts to prevent avoid the issuance of, andof or, if issued, to obtain the withdrawal of (i) any order suspending the effectiveness of a Shelf any Registration Statement Statement, or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such orderas soon as possible.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, provide such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf each Registration Statement and any each amendment thereto, including financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company extent requested by such Notice HolderPerson (including those previously furnished or incorporated by reference) promptly after the filing of such documents with the Commission; provided, such counsel or that the Initial Purchaser)Company shall have no obligation to provide any document pursuant to this clause that is available on the Commission’s ▇▇▇▇▇ system.
(gf) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and the . The Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Purchasers in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in to the manner set forth thereinextent permitted by federal and state securities laws and regulations.
(hg) Prior to any public offering resale of the Registrable Securities pursuant to the Shelf Registration Statementby a Purchaser, use commercially reasonable best efforts to register or qualify or cooperate with the Notice Holders selling Purchasers in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably Purchaser requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during for so long as required, but not to exceed the duration of the Effectiveness Period in connection with such Notice Holder's offer Period, and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in the manner set forth in the relevant Shelf covered by a Registration Statement and the related ProspectusStatement; provided provided, however, that the Company will shall not be required obligated to (i) file any general consent to service of process or to qualify as a foreign corporation or as a dealer in securities in any jurisdiction where in which it would is not otherwise be required so qualified or to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or itself to taxation in respect of doing business in any such jurisdiction where in which it is not then otherwise so subject.
(h) Cooperate with the Purchasers to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by this Agreement and under law, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Purchasers may reasonably request.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event described in Section 5.2(c)(iii)-(vi), as promptly as reasonably practicable, prepare a supplement or amendment, including a post-effective amendment, to the existence of any fact as a result of which any Shelf Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither the Registration Statement nor such Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours It shall be a condition precedent to the obligations of the Company to complete the registration pursuant to this Agreement with respect to the Registrable Securities of any particular Purchaser that such Purchaser furnish to the Company a completed Selling Stockholder Questionnaire in the form proffered by representatives for the Notice Holders Company (the “Selling Stockholder Questionnaire”) and such other information regarding itself, the Registrable Securities and other shares of Common Stock held by it and the intended method of disposition of the Registrable Securities held by it (if different from the Plan of Distribution set forth on Exhibit E hereto) as shall be reasonably required to effect the registration of such Registrable Securities, Securities and any broker-dealers, attorneys shall complete and accountants retained by execute such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case registration as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's Company may reasonably request, first agree except in writing with the Company that case of any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shallparagraph, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and failure to provide such information does not materially affect the other parties entitled thereto by the counsel referred Company’s ability to in Section 5comply with such obligations.
(k) Comply The Company shall comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of Commission under the Securities Act and the Exchange Act, including, without limitation, Rule 158 thereunder (or any similar rule promulgated 172 under the Securities Act) no later than 45 days after , file any final Prospectus, including any supplement or amendment thereof, with the end of Commission pursuant to Rule 424 under the Securities Act, promptly inform the Purchasers in writing if, at any 12-month period (or 90 days after time during the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of Effectiveness Period, the Company commencing after does not satisfy the effective date conditions specified in Rule 172 and, as a result thereof, the Purchasers are required to make available a Prospectus in connection with any disposition of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder Registrable Securities and take such other actions as may be reasonably necessary to facilitate the timely preparation and delivery registration of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Companyhereunder.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Securities Purchase Agreement (Enphase Energy, Inc.), Securities Purchase Agreement (Enphase Energy, Inc.)
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than four Trading Days prior to the SEC a Shelf filing of the Registration Statement or Shelf Registration Statements on Form S-1 or S-3 any related Prospectus or any other appropriate form amendment or supplement thereto (except for any reports filed under the Securities Act available for Exchange Act), the sale Company shall, (i) furnish to the Holders and the Special Counsel copies of each proposed Registration Statement, related Prospectus and any amendments or supplements thereto which documents will be subject to the review of such Holders and the Special Counsel, and (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable opinion of respective counsel to conduct a reasonable investigation within the meaning of the Registrable Securities by Act. The Company shall not file the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or any such Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish to the Initial Purchaser and counsel for which the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days a majority of the delivery of such copies to Registrable Securities and the Initial Purchaser and such counselSpecial Counsel shall reasonably object.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf the Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf the Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible, and in any event within ten Trading Days, to any comments received from the Commission with respect to the Registration Statement or any similar provisions then in force) under amendment thereto and, as promptly as reasonably possible provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to the Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As Notify the Holders of Registrable Securities to be sold and the Special Counsel as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than three Trading Days prior to such filing) and (if requested by any such Person) confirm such notice to in writing no later than one Trading Day following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf the Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a "review" of the Registration Statement and whenever the Commission comments in writing on such Registration Statement (the Company shall provide true and complete copies thereof and all written responses thereto to each of the Holders); and (C) with respect to a Shelf the Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf the Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf the Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; and (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of financial statements included in the Registration Statement ineligible for inclusion therein or details concerning) a Material Event and (vi) any statement made in the Registration Statement or Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires any revisions to the Registration Statement, Prospectus or other documents so that, in the case of the determination by the Company that a post-effective amendment to a Shelf Registration Statement or the Prospectus, as the case may be, it will not contain any untrue statement of a material fact or omit to state any material fact required to be filed with stated therein or necessary to make the SECstatements therein, which notice may, at the discretion in light of the Company (or as required pursuant to Section 3(i))circumstances under which they were made, state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applynot misleading.
(d) File additional Registration Statements if the number of Registrable Securities at any time exceeds 85% of the number of shares of Common Stock then registered in a Registration Statement.
(e) Use commercially reasonable its best efforts to prevent avoid the issuance of, andor, if issued, to obtain the withdrawal of (i) any order suspending the effectiveness of a Shelf the Registration Statement Statement, or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case at the earliest possible practicable moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish Furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) Holder and the Initial PurchaserSpecial Counsel, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any each amendment thereto, including financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein by reference reference, and all exhibits (unless requested in writing to the Company extent requested by such Notice Holder, Person (including those previously furnished or incorporated by reference) promptly after the filing of such counsel or documents with the Initial Purchaser)Commission.
(g) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) Holder and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration StatementSpecial Counsel, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and the . The Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Holders in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in the manner set forth thereinthereto.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use commercially reasonable its best efforts to register or qualify or cooperate with the Notice selling Holders and the Special Counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in covered by the manner set forth in the relevant Shelf Registration Statement and the related ProspectusStatement; provided provided, that the Company will shall not be required to (i) qualify as a foreign corporation or as a dealer in securities generally to do business in any jurisdiction where it would is not otherwise be required then so qualified or subject the Company to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation material tax in any such jurisdiction where it is not then so subject.
(i) Upon (A) Cooperate with the issuance Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to the Registration Statement, which certificates shall be free, to the extent permitted by the SEC Purchase Agreement, of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect all restrictive legends, and to the Shelf Registration Statement under Section 8(denable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request.
(j) or 8(e) of the Securities Act, (B) Upon the occurrence of any event contemplated by Section 3(c)(v), as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment, to the existence of any fact as a result of which any Shelf Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither a Registration Statement nor such Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periodsCommission.
(l) Cooperate with The Company may require each Notice selling Holder to facilitate furnish to the timely preparation and delivery Company a certified statement as to the number of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statementshares of Common Stock beneficially owned by such Holder and, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted if requested by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable SecuritiesCommission, the controlling person thereof.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Registration Rights Agreement (Millennium Cell Inc), Registration Rights Agreement (Millennium Cell Inc)
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(ai) Prepare and file with Not less than four (4) Trading Days prior to the SEC filing of a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements supplement thereto with the SEC(other than any document that would be incorporated or deemed to be incorporated therein by reference), the Company shall furnish to the Initial Purchaser Holder and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) Holder Counsel copies of all such documents proposed to be filed and use commercially reasonable efforts shall reasonably consider any comments thereto from the Holder and Holder Counsel. The Company shall not file a Registration Statement or any such Prospectus or any amendments or supplements thereto to reflect in each such document when so filed with the SEC such comments as the such counsel which Holder shall reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counselobject.
(bii) (w) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf the Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (x) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (y) respond reasonably promptly, to any comments received from the Commission with respect to the Registration Statement or any similar provisions then amendment thereto and as promptly as reasonably possible provide the Holder true and complete copies of all correspondence from and to the Commission relating to the Registration Statement; provided, however, the Company will not be required to provide copies of any correspondence that would result in force) under the Securities Actdisclosure to the Holder of material and non-public information concerning the Company unless the Holder has executed a confidentiality agreement with the Company; and use commercially reasonable efforts to (z) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Holder thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented.
(ciii) As Notify the Holder and Holder Counsel as promptly as practicable give reasonably possible, and (if requested by any such Person) confirm such notice to in writing no later than one Trading Day thereafter, of any of the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) following events: (i) when the Commission notifies the Company whether there will be a “review” of any Prospectus, Prospectus supplement, Shelf Registration Statement; (ii) the Commission comments in writing on any Registration Statement or post(in which case the Company shall deliver to the Holder a copy of such comments and of all written responses thereto; provided, however, the Company will not be required to provide copies of any responses that would result in the disclosure to the Holder of material and non-effective amendment to public information concerning the Company unless the Holder has executed a Shelf Registration Statement has been filed confidentiality agreement with the SEC and, with respect to a Shelf Company); (iii) any Registration Statement or any post-effective amendment, when the same has been amendment is declared effective, ; (iiiv) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC Commission or any other federal or state governmental authority for amendments requests any amendment or supplements supplement to any Shelf Registration Statement or related Prospectus or for requests additional information, information related thereto; (iiiv) of the issuance by the SEC or any other federal or state governmental authority of Commission issues any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of initiates any proceedings Proceedings for that purpose, ; (ivvi) of the receipt by the Company receives notice of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening threat of any proceeding Proceeding for such purpose, ; or (vvii) after the effective date of financial statements included or incorporated by reference in any Shelf Registration Statement filed pursuant become ineligible for inclusion or incorporation therein or any statement made in any Registration Statement or Prospectus or any document incorporated or deemed to this Agreement be incorporated therein by reference is untrue in any material respect or any revision to a Registration Statement, Prospectus or other document is required so that it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the occurrence of (but circumstances under which they were made, not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applymisleading.
(div) Use commercially reasonable best efforts to prevent avoid the issuance of, andof or, if issued, to obtain the withdrawal of (i) any order suspending the effectiveness of a Shelf any Registration Statement Statement, or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such orderas soon as practicable.
(ev) If requested by Furnish or make available to the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial PurchaserHolder Counsel, without charge, at least one (1) conformed copy of the Shelf each Registration Statement and any each amendment thereto, including financial statements (but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference reference, and all exhibits (exhibits, unless requested in writing to by the Company by Holder or Holder Counsel), and such Notice Holderother documents, as the Holder or Holder Counsel may reasonably request, promptly after the filing of such counsel or documents with the Initial Purchaser)Commission.
(gvi) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders Holder and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration StatementHolder Counsel, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and . Subject to Section 11(e), the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, the Holder in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in the manner set forth thereinthereto.
(hvii) (i) Prepare and timely file with each Trading Market an additional shares listing application covering all of the Registrable Securities; (ii) use reasonable best efforts to cause such Registrable Securities to be approved for listing on each Trading Market as soon as practicable thereafter; (iii) provide to the Holder evidence of such listing; and (iv) use reasonable best efforts to maintain the listing of such Registrable Securities on each such Trading Market or another Eligible Market.
(viii) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use commercially reasonable best efforts to register or qualify or cooperate with the Notice Holders Holder and Holder Counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice the Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of the Registrable Securities covered by a Registration Statement.
(ix) Cooperate with the Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by this Warrant, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subjectHolder may request.
(ix) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event described in clause (vii) of Section 11(b)(iii) of this Warrant, as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment, to the existence of any fact as a result of which any Shelf affected Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither the Registration Statement nor such Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Warrant Agreement (Qumu Corp), Warrant Agreement (Qumu Corp)
Registration Procedures. In connection with The procedures to be followed by the registration Company and each selling Holder, and the respective rights and obligations of the Company under Section 2 hereofand such Holders, with respect to the Company shallpreparation, filing and effectiveness of a Registration Statement, and the distribution of Registrable Securities pursuant thereto, are as follows:
(a) Prepare and file with The Company will, at least five (5) Trading Days prior to the SEC filing of a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements supplement thereto with (other than any amendment or supplement made through the SECincorporation by reference of ordinary course Exchange Act filings), the Company shall (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed filed, which documents will be subject to the reasonable review of such Holders and (ii) use its commercially reasonable efforts to reflect address in each such document when so filed with the SEC Commission such comments as the such counsel Holders reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counselpropose.
(b) Prepare The Company will use commercially reasonable efforts to (i) prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, and supplements to each Shelf Registration Statement and the Prospectus used in connection therewith as may be necessary under applicable law with respect to keep the disposition of all Registrable Securities covered by such Shelf Registration Statement continuously effective until as to the expiration applicable Registrable Securities for its Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; and (iii) respond as promptly as reasonably possible to any comments received from the Commission with respect to each Registration Statement or any similar provisions then amendment thereto and, as promptly as reasonably possible provide the Holders true and complete copies of all correspondence from and to the Commission relating to such Registration Statement that pertains to the Holders as selling securityholders but not any comments that would result in forcethe disclosure to the Holders of material and non-public information concerning the Company.
(c) under the Securities Act; and use commercially reasonable efforts to The Company will comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the Registration Statements and the disposition of all securities Registrable Securities covered by such Shelf each Registration Statement during the Effectiveness Period in accordance with the intended methods of disposition by the sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplementedStatement.
(cd) As The Company will notify the Holders as promptly as practicable give notice to the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) reasonably possible (i) when any Prospectus, Prospectus supplement, Shelf Registration Statement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; and (ivii) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(de) Use The Company will use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for saleStatement, in either case at the earliest possible practicable moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of or if any such order.
(e) If requested by order or suspension is made effective during any Black-Out Period, at the Initial Purchaser or any Notice Holder, as promptly as earliest practicable incorporate in a Prospectus supplement or postmoment after the Black-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable lawOut Period is over.
(f) As promptly as practicable During the Effectiveness Period, the Company will furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf each Registration Statement and any each amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference thereto and all exhibits (unless requested in writing to the Company extent requested by such Notice HolderPerson (including those incorporated by reference) promptly after the filing of such documents with the Commission; provided, such counsel or that the Initial Purchaser)Company will not have any obligation to provide any document pursuant to this clause that is available on the ▇▇▇▇▇ system.
(g) During the Effectiveness Period, The Company will promptly deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the each Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and other than any amendment or supplement thereto made through the incorporation by reference of ordinary course Exchange Act filings) as such Notice Holder and the Initial Purchaser Persons may reasonably request; and request during the Effectiveness Period. The Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Holders in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in the manner set forth thereinaccordance with this Agreement.
(h) Prior The Company will, prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use commercially reasonable efforts to register or qualify or cooperate with the Notice selling Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the applicable state securities or Blue Sky blue sky laws of such those jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant use its commercially reasonable efforts to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in covered by the manner set forth in the relevant Shelf Registration Statement and the related ProspectusStatements; provided provided, that the Company will not be required to (i) qualify as a foreign corporation generally to do business or as a dealer in securities in any jurisdiction where it would is not otherwise be required to qualify but for this Agreement then so qualified or (ii) take any action that which would subject it the Company to general service of process in suits or to taxation any material tax in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing cooperate with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold to be delivered to a transferee pursuant to a Shelf the Registration StatementStatements, which certificates shall not bear any be free, to the extent permitted by the Indenture, of all restrictive legends, and cause to enable such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as any such Notice Holder Holders may request in writing writing. In connection therewith, if required by the Company’s transfer agent, the Company will promptly after the effectiveness of the Registration Statement cause an opinion of counsel as to the effectiveness of the Registration Statement to be delivered to its transfer agent when and as required by such transfer agent from time to time, together with any other authorizations, certificates and directions required by the transfer agent which authorize and direct the transfer agent to issue such Registrable Securities without legend upon sale by the holder of such shares of Registrable Securities under the Registration Statement.
(j) The Company will use commercially reasonable efforts to prepare such supplements or amendments, including a post-effective amendment, if required by applicable law, to each applicable Registration Statement and file any other required document so that such Registration Statement will be Available at all times during the Effectiveness Period; provided, that no such supplement, amendment or filing will be required during a Black-Out Period. No later than 8:00 p.m. (New York time) on any Trading Day on which the Company receives a written notice (a “Use Notice”) prior to 2:00 p.m. (New York time) on such Trading Day (or if such request is received after 2:00 p.m. (New York time), no later than 8:00 p.m. (New York time) on the following Trading Day) from a Holder that such Holder intends to use the Registration Statement to resell Registrable Securities, the Company will (A) provide written confirmation to such Holder that the applicable Registration Statement is Available or (B) provide written notice (a “Suspension Notice”) that the use of such Registration Statement is suspended due to a Black-Out Period. No Suspension Notice will contain the reason for the Black-Out Period. The Company will promptly provide the Holders written notice when the Black-Out Period. If a Black-Out Period commences during any 30 Trading Day period following delivery of a Use Notice and a notice from the Company under clause (A) above, the Company will provide as promptly as practicable the Holders with written notice thereof and that the Registration Statement is no longer Available.
(k) Notwithstanding any other provision of the Agreement, no Holder of Registrable Securities may include any of its Registrable Securities in the Registration Statement pursuant to this Agreement unless the Holder furnishes to the Company a completed questionnaire substantially in the form of Exhibit A (the “Questionnaire”) for use in connection with the Registration Statement at least ten (210) Business Trading Days prior to the filing of the Registration Statement; provided, however, an Investor shall not be required to furnish a Questionnaire in connection with the initial Registration Statement if such Investor owns Notes initially purchased by such Investor at the Closing as of the initial Filing Date. Each Holder who intends to include any sale of its Registrable Securities in the Registration Statement shall promptly furnish the Company in writing such other information as the Company may reasonably request in writing.
(l) The Holders may distribute the Registrable Securities by means of up to two underwritten offerings; provided that (a) the Electing Holders provide written notice to the Company of their intention to distribute Registrable Securities by means of an underwritten offering, (b) the managing underwriter or underwriters thereof shall be designated by the Electing Holders; provided, however, that such designated managing underwriter or underwriters shall be reasonably acceptable to the Company, (c) each Holder participating in such underwritten offering agrees to sell such Holder’s Registrable Securities on the basis provided in any underwriting arrangements approved by the persons entitled selecting the managing underwriter or underwriters hereunder and (d) each Holder participating in such underwritten offering completes and executes all questionnaires, powers of attorney, indemnities, underwriting agreements and other documents reasonably required under the terms of such Registrable Securitiesunderwriting arrangements. The Company hereby agrees with each Holder that, in connection with any underwritten offering in accordance with the terms hereof, it will negotiate in good faith and execute all indemnities, underwriting agreements and other documents reasonably required under the terms of such underwriting arrangements, including using all commercially reasonable efforts to procure customary legal opinions and auditor “comfort” letters.
(m) Provide In the event the Holders seek to complete an underwritten offering pursuant to Section 3(l), for a CUSIP number reasonable period prior to the filing of any Registration Statement, and throughout the Effectiveness Period, the Company will make available upon reasonable notice at the Company’s principal place of business or such other reasonable place for all Registrable inspection by the managing underwriter or underwriters selected in accordance with Section 3(l), such financial and other information and books and records of the Company, and cause the officers, employees, counsel and independent certified public accountants of the Company to respond to such inquiries, as shall be reasonably necessary (and in the case of counsel, not violate an attorney-client privilege in such counsel’s reasonable belief), to conduct a reasonable investigation within the meaning of Section 11 of the Securities covered Act; provided, however, that the foregoing inspection and information gathering on behalf of the Holders (and any managing underwriter or underwriters) shall be conducted by legal counsel to the Holders (and legal counsel to such managing underwriter or underwriters); provided further, that each Shelf such party shall be required to maintain in confidence and not to disclose to any other Person any information or records reasonably designated by the Company as being confidential, until such time as (A) such information becomes a matter of public record (whether by virtue of its inclusion in the Registration Statement not later or in any other manner other than through the effective date release of such Shelf Registration Statement information by any Person afforded access to such information pursuant hereto), or (B) such Person shall be required so to disclose such information pursuant to a subpoena or order of any court or other governmental agency or body having jurisdiction over the matter (subject to the requirements of such order, and provide only after such Person shall have given the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust CompanyCompany prompt prior written notice of such requirement).
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Registration Rights Agreement, Registration Rights Agreement (Netflix Inc)
Registration Procedures. 1. In connection with the Company’s registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with 2. Not less than five business days prior to the SEC a Shelf filing of each Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements supplement thereto with the SEC(including any document that would be incorporated or deemed to be incorporated therein by reference), the Company shall shall, (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) each Holder copies of all such documents proposed to be filed filed, which documents (other than those incorporated or deemed to be incorporated by reference) will be subject to the review of such Holders, and use commercially (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel to reflect in each such document when so filed with conduct a reasonable investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery Securities Act. The Company shall not file a Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of a majority of the Registrable Securities shall reasonably object in good faith, provided that, the Company is notified of such objection in writing no later than 4 business days after the Holders have been so furnished copies to the Initial Purchaser and of such counseldocuments.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf a Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf a Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplementsupplement (subject to the terms of this Agreement), and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible to any comments received from the Commission with respect to a Registration Statement or any similar provisions then in force) under amendment thereto and as promptly as reasonably possible provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to a Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf a Registration Statement during the Effectiveness Period applicable period in accordance (subject to the terms of this Agreement) with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplemented.
4. Notify the Holders of Registrable Securities to be sold (cwhich notice shall, pursuant to clauses (ii) As through (vi) hereof, be accompanied by an instruction to suspend the use of the Prospectus until the requisite changes have been made) as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than five business days prior to such filing) and (if requested by any such Person) confirm such notice to in writing no later than one business day following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a “review” of such Registration Statement and whenever the Commission comments in writing on such Registration Statement (the Company shall provide true and complete copies thereof and all written responses thereto to each of the Holders); and (C) with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf a Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC Commission or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of or details concerning) financial statements included in a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (ineligible for inclusion therein or as required pursuant to Section 3(i)), state that it constitutes any statement made in a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing to the Company by such Notice Holder, such counsel any material respect or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with that requires any sale of Registrable Securities pursuant revisions to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holderother documents so that, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC case of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading misleading; and (it being understood vi) the occurrence or existence of any pending corporate development with respect to the Company that the Company believes may rely on be material and that, in the determination of the Company, makes it not in the best interest of the Company to allow continued availability of a Registration Statement or Prospectus; provided that any and all of such information provided shall remain confidential to each Holder until such information otherwise becomes public, unless disclosure by a Holder is required by law; provided, further, notwithstanding each Notice Holder with respect Holder’s agreement to keep such Notice Holder)information confidential, as thereafter delivered the Holders make no acknowledgement that any such information is material, non-public information.
5. Use its best efforts to avoid the purchasers issuance of, or, if issued, obtain the withdrawal of (i) any order suspending the effectiveness of a Registration Statement, or (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities being sold thereunderfor sale in any jurisdiction, andat the earliest practicable moment.
6. Promptly deliver to each Holder, without charge, as many copies of the Prospectus or Prospectuses (including each form of prospectus) and each amendment or supplement thereto as such Persons may reasonably request in connection with resales by the case Holder of Registrable Securities. Subject to the terms of this Agreement, the Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by each of the selling Holders in connection with the offering and sale of the Registrable Securities covered by such Prospectus and any amendment or supplement thereto, except after the giving on any notice pursuant to Section 3(c).
7. Prior to any resale of Registrable Securities by a Holder, use its commercially reasonable efforts to register or qualify or cooperate with the selling Holders in connection with the registration or qualification (or exemption from the Registration or qualification) of such Registrable Securities for the resale by the Holder under the securities or Blue Sky laws of such jurisdictions within the United States as any Holder reasonably requests in writing, to keep each registration or qualification (or exemption therefrom) effective during the Effectiveness Period and to do any and all other acts or things reasonably necessary to enable the disposition in such jurisdictions of the Registrable Securities covered by each Registration Statement; provided, that the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified, subject the Company to any material tax in any such jurisdiction where it is not then so subject or file a general consent to service of process in any such jurisdiction.
8. If requested by the Holders, cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request.
9. Upon the occurrence of any event contemplated by this Section 3, as promptly as reasonably possible under the circumstances taking into account the Company’s good faith assessment of any adverse consequences to the Company and its stockholders of the premature disclosure of such event, prepare a supplement or amendment, including a post-effective amendment amendment, to a Shelf Registration Statement, subject Statement or a supplement to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of related Prospectus or any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are document incorporated or deemed to be incorporated therein by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) abovereference, and file any other required document so that, as promptly as is practicablethereafter delivered, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf neither a Registration Statement does not nor such Prospectus will contain any an untrue statement of a material fact or omits omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. If the Company notifies the Holders in accordance with clauses (ii) through (vi) of 3(c) above to suspend the use of any Prospectus until the requisite changes to such Prospectus have been made, and (z) in then the case Holders shall suspend use of clause (C) above, as soon as, in such Prospectus. The Company will use its best efforts to ensure that the reasonable discretion use of the Company, such suspension Prospectus may be resumed as promptly as is no longer appropriatepracticable. The period during which Company shall be entitled to exercise its right under this Section to suspend the availability of the Shelf a Registration Statement and any Prospectus may be suspended (Prospectus, subject to the "Suspension Period") without the Company incurring any obligation to pay payment of partial liquidated damages pursuant to Section 2(e2(b), for a period not to exceed 60 days (which need not be consecutive days) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) 12 month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) 10. Comply with all applicable rules and regulations of the SEC and make generally available Commission.
11. The Company may require each selling Holder to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of furnish to the Company commencing after a certified statement as to the effective date number of a Shelf Registration Statementordinary shares beneficially owned by such Holder and, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted if required by the Indenture Commission, the person thereof that has voting and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior dispositive control over those ordinary shares. During any periods that the Company is unable to any sale meet its obligations hereunder with respect to the registration of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities solely because any Holder fails to furnish such information within three business days of the Company’s request, any liquidated damages that are in a form eligible for deposit with The Depository Trust accruing at such time as to such Holder only shall be tolled and any Event that may otherwise occur solely because of such delay shall be suspended as to such Holder only, until such information is delivered to the Company.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Private Placement Subscription Agreement (ZK International Group Co., Ltd.), Private Placement Subscription Agreement (ZK International Group Co., Ltd.)
Registration Procedures. In connection with the registration obligations of the Company under Section 2 with respect to any Registration Statement pursuant to Sections 2.1, 2.2 and 2.6 hereof, the Company shall, except as otherwise provided:
(a) Prepare and file with the SEC a Shelf as soon as practicable each such Registration Statement (but in any event on or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form prior to the date of filing thereof required under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, this Agreement) and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided provided, however, that before filing any Shelf such Registration Statement or any Prospectus (for registrations pursuant to Sections 2.1 and 2.2 hereof) or any amendments or supplements thereto with (only for registrations pursuant to Section 2.1 hereof) (including documents that would be incorporated or deemed to be incorporated therein by reference, including such documents filed under the SECExchange Act that would be incorporated therein by reference), the Company shall furnish shall, upon request, afford promptly to the Initial Purchaser Holders of the Registrable Securities covered by such Registration Statement, their counsel and counsel for the Holders and for the Initial Purchaser (ormanaging underwriter or underwriters, if applicableany, separate counsel for the Holders) an opportunity to review copies of all such documents proposed to be filed a reasonable time prior to the proposed filing thereof. The Company shall not file any Registration Statement or Prospectus (for registrations pursuant to Sections 2.1 and use commercially reasonable efforts 2.2 hereof) or any amendments or supplements thereto (only for registrations pursuant to reflect in each such document when so filed with Section 2.1 hereof) if the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days Holders of a majority of the delivery Registrable Securities covered by such Registration Statement, their counsel, or the managing underwriter or underwriters, if any, shall reasonably object in writing unless failure to file any such amendment or supplement would involve a violation of such copies to the Initial Purchaser and such counselSecurities Act or other applicable law.
(b) Prepare and file with the SEC such amendments and post-post- effective amendments to each Shelf the Registration Statement as may be necessary to keep such Shelf Registration Statement continuously effective until for the expiration of the Effectiveness Periodtime periods prescribed hereby; cause the related Prospectus to be supplemented by any required Prospectus prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) promulgated under the Securities Act; and use commercially reasonable efforts to comply with the provisions of the Securities Act, the Exchange Act and the rules and regulations of the SEC promulgated thereunder applicable to it with respect to the disposition of all securities covered by such Shelf Registration Statement during the Effectiveness Period in accordance with the intended methods of disposition by the sellers thereof set forth in such Shelf Registration Statement as so amended or in such Prospectus prospectus as so supplemented.
(c) As promptly as practicable give notice to the Notice Holders, the Initial Purchaser and counsel for Notify the Holders of Registrable Securities, their counsel and for the Initial Purchaser (ormanaging underwriter or underwriters, if applicableany, separate counsel for the Holderspromptly (but in any event within two (2) Business Days), and confirm such notice in writing, (i) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement prospectus supplement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC filed, and, with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared effectivebecome effective (including in such notice a written statement that any Holder may, upon request, obtain, without charge, one conformed copy of such Registration Statement or post-effective amendment including financial statements and schedules and exhibits), (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf such Registration Statement or of any order preventing or suspending the use of any preliminary prospectus or the initiation or threatening of any proceedings for that purpose, (iii) if at any time when a prospectus is required by the Securities Act to be delivered in connection with sales of the Registrable Securities the representations and warranties of the Company contained in any agreement (including any underwriting agreement) contemplated by Section 4(l) below, to the knowledge of the Company, cease to be true and correct in any material respect, (iv) of the receipt by the Company of any notification with respect to (A) the suspension of the qualification or exemption from qualification of the Registration Statement or any of the Registrable Securities covered thereby for offer or sale in any jurisdiction jurisdiction, or (B) the initiation or threatening of any proceeding for such purpose, (v) after of the effective date happening of any Shelf Registration Statement filed pursuant to this Agreement of event, the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal existence of any order suspending condition or information becoming known that requires the effectiveness of a Shelf Registration Statement or the lifting making of any suspension of the qualification (changes in such Registration Statement, Prospectus or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) documents so that, in the written opinion case of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, it will conform in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate all material respects with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) requirements of the Securities Act, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes Act and it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does that in the case of the Prospectus, it will conform in all material respects with the requirements of the Securities Act and it will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (zvi) of the Company's reasonable determination that a post- effective amendment to such Registration Statement would be appropriate.
(d) Use every reasonable effort to prevent the issuance of any order suspending the effectiveness of the Registration Statement or of any order preventing or suspending the use of a Prospectus or suspending the qualification (or exemption from qualification) of any of the Registrable Securities covered thereby for sale in any jurisdiction, and, if any such order is issued, to obtain the withdrawal of any such order as soon as practicable.
(e) If requested by the managing underwriter or underwriters, if any, or the Holders of a majority of the Registrable Securities being sold in connection with an underwriting offering (only for registrations pursuant to Section 2.1 hereof), (i) promptly incorporate in a prospectus supplement or post-effective amendment such information as the managing underwriter or underwriters, if any, or such Holders reasonably request to be included therein to comply with applicable law, (ii) make all required filings of such prospectus supplement or such post-effective amendment as soon as practicable after the Company has received notification of the matters to be incorporated in such prospectus supplement or post-effective amendment, and (iii) supplement or make amendments to such Registration Statement.
(f) Furnish to each Holder of Registrable Securities who so requests and to counsel for the Holders of Registrable Securities and each managing underwriter, if any, without charge, upon request, one conformed copy of the Registration Statement and each post-effective amendment thereto, including financial statements and schedules, and of all documents incorporated or deemed to be incorporated therein by reference and all exhibits (including exhibits incorporated by reference).
(g) Deliver to each Holder of Registrable Securities, their counsel and each underwriter, if any, without charge, as many copies of each Prospectus (including each form of prospectus) and each amendment or supplement thereto as such Persons may reasonably request; and, subject to the last paragraph of this Section 4, the Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by each of the Holders of Registrable Securities and the underwriter or underwriters or agents, if any, in connection with the offering and sale of the Registrable Securities covered by such Prospectus and any amendment or supplement thereto.
(h) Prior to any offering of Registrable Securities, to register or qualify, and cooperate with the Holders of Registrable Securities, the underwriter or underwriters, if any, and their respective counsel in connection with the registration or qualification (or exemption from such registration or qualification) of, such Registrable Securities for offer and sale under the securities or blue sky laws of such jurisdictions within the United States as the managing underwriter or underwriters reasonably request in writing, or, in the case event of clause a non-underwritten offering, as the Holders of a majority of the Registrable Securities may request; provided, however, that where Registrable Securities are offered other than through an underwritten offering, the Company agrees to cause its counsel to perform blue sky investigations and file registrations and qualifications required to be filed pursuant to this Section 4(h); keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period and do any and all other acts or things necessary or advisable to enable the disposition in such jurisdictions of the securities covered thereby; provided, however, that the Company will not be required to (A) qualify generally to do business in any jurisdiction where it is not then so qualified, (B) take any action that would subject it to general service of process in any such jurisdiction where it is not then so subject or (C) abovebecome subject to taxation in any jurisdiction where it is not then so subject.
(i) Cooperate with the Holders of Registrable Securities and the managing underwriter or underwriters, as soon asif any, in to facilitate the reasonable discretion timely preparation and delivery of the Companycertificates representing Registrable Securities to be sold, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) certificates shall not exceed thirty bear any restrictive legends whatsoever and shall be in a form eligible for deposit with The Depository Trust Company (30) days "DTC"); and enable such Registrable Securities to be in such denominations and registered in such names as the aggregate managing underwriter or underwriters, if any, or Holders may reasonably request at least two Business Days prior to any sale of Registrable Securities in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month perioda firm commitment underwritten public offering.
(j) Upon the occurrence of any event contemplated by Section 4(c)(v) or 4(c)(vi) above, as promptly as practicable prepare a supplement or post-effective amendment to the Registration Statement or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and, subject to Section 4(a) hereof, file such with the SEC so that, as thereafter delivered to the purchasers of Registrable Securities being sold thereunder, such Prospectus will 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, in light of the circumstances under which they were made, not misleading.
(k) Prior to the effective date of a Registration Statement, (i) provide the registrar for the Registrable Securities with certificates for such securities in a form eligible for deposit with DTC and (ii) provide a CUSIP number for such securities.
(l) Enter into an underwriting agreement in form, scope and substance as is customary in underwritten offerings and take all such other actions as are reasonably requested by the managing underwriter or underwriters in order to expedite or facilitate the registration or disposition of such Registrable Securities in any underwritten offering to be made of the Registrable Securities in accordance with this Agreement, and in such connection, (i) make such representations and warranties to the underwriter or underwriters, with respect to the business of the Company and the subsidiaries of the Company, and the Registration Statement, Prospectus and documents, if any, incorporated or deemed to be incorporated by reference therein, in each case, in form, substance and scope as are customarily made by issuers to underwriters in underwritten offerings, and confirm the same if and when requested; (ii) use reasonable efforts to obtain opinions of counsel to the Company and updates thereof, addressed to the underwriter or underwriters covering the matters customarily covered in opinions requested in underwritten offerings and such other matters as may be reasonably requested by underwriters; (iii) use reasonable efforts to obtain "cold comfort" letters and updates thereof from the independent certified public accountants of the Company (and, if applicable, the subsidiaries of the Company) and, if necessary, any other independent certified public accountants of any subsidiary of the Company or of any business acquired by the Company for which financial statements and financial data are, or are required to be, included in the Registration Statement, addressed to each of the underwriters, such letters to be in customary form and covering matters of the type customarily covered in "cold comfort" letters in connection with underwritten offerings and such other matters as reasonably requested by the managing underwriter or underwriters and as permitted by the Statement of Auditing Standards No.72; and (iv) if an underwriting agreement is entered into, the same shall contain customary indemnification provisions and procedures (or such other provisions and procedures acceptable to Holders of a majority of Registrable Securities covered by such Registration Statement and the managing underwriter or underwriters or agents) with respect to all parties to be indemnified pursuant to such agreement. The above shall be done at each closing under such underwriting agreement, or as and to the extent required thereunder.
(m) Make available for inspection during normal business hours by representatives for a representative of the Notice Holders of Registrable Securities being sold, any underwriter participating in any such disposition of Registrable Securities, if any, and any broker-dealers, attorneys and accountants attorney or accountant retained by such Notice Holdersrepresentative of the Holders or underwriter, at the offices where normally kept, during reasonable business hours, all relevant financial and other records and records, pertinent corporate documents and properties of the Company and its subsidiariesthe subsidiaries of the Company, and cause the appropriate officers, directors and employees of the Company and its the subsidiaries of the Company to make available for inspection during normal business hours supply all relevant information in each case reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants Person in connection with such disposition, in each case as is customary for similar "due diligence" examinationsRegistration Statement; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such all material non-public information shall be kept confidential by such persons and shall be used solely for Person, except to the purposes of exercising rights under this Agreement, unless extent that (i) the disclosure of such information is necessary or advisable to avoid or correct a misstatement or omission in the Registration Statement or in any Prospectus; provided, however, that prior notice is given to the Company, and the Company's legal counsel and such Holder's legal counsel concur that disclosure is required, (ii) the release of such information is ordered pursuant to a subpoena or other order from a court of competent jurisdiction, (iii) disclosure of such information is required necessary in connection with any action, claim, suit or proceeding, directly or indirectly, involving or potentially involving such Person and arising out of, based upon, relating to or involving this Agreement or any of the transactions contemplated hereby or arising hereunder; provided, however, that prior notice shall be provided as soon as practicable to the Company of the potential disclosure of any information by court or administrative order or is necessary such Person pursuant to respond to inquiries of regulatory authorities, clauses (ii) disclosure or (iii) of this sentence to permit the Company to obtain a protective order (or waive the provisions of this paragraph (m)) and that such Person shall take all actions as are reasonably necessary to protect the confidentiality of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iiiif practicable) such information becomes generally available to the public other than as a result extent such action is otherwise not inconsistent with, an impairment of a disclosure or failure to safeguard by in derogation of the rights and interests of the Holder or any such person Person, or (iv) such information becomes has been made generally available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5public.
(kn) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning security holders earnings statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 forty-five (45) days after the end of any 12-month period (or 90 ninety (90) days after the end of any 12-month period if such period is a fiscal year) (i) commencing at the end of any fiscal quarter in which Registrable Securities are sold to an underwriter or to underwriters in a firm commitment or best efforts underwritten offering and (ii) if not sold to an underwriter or to underwriters in such an offering, commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings rfir
Appears in 2 contracts
Sources: Warrant Registration Rights Agreement (Covad Communications Group Inc), Warrant Registration Rights Agreement (Covad Communications Group Inc)
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereof, the Company shall:this Agreement;
(a) Prepare Each Holder agrees to furnish to the Company a completed questionnaire in the form attached to this Agreement as Annex B (a “Selling Stockholder Questionnaire”) on a date that is not less than two (2) Trading Days prior to the Filing Date or by the end of the fourth (4th) Trading Day following the date on which such Holder receives a request for Annex B from the Company.
(i) The Company shall prepare and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereofCommission such amendments, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counsel.
(b) Prepare and file with the SEC such amendments and including post-effective amendments amendments, to each Shelf a Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf a Registration Statement continuously effective until (subject to any requirement that a post-effective amendment be declared effective by the expiration Commission) as to the applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities subject to any SEC Guidance that sets forth a limitation on the number of Registrable Securities permitted to be registered on a particular Registration Statement; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplementsupplement (subject to the terms of this Agreement), and and, as so supplemented or amended, to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible to any comments received from the Commission with respect to a Registration Statement or any similar provisions then in force) under the Securities Actamendment; and use commercially reasonable efforts to (iv) comply in all material respects with the applicable provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf a Registration Statement during the Effectiveness Period applicable period in accordance (subject to the terms of this Agreement) with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As If during the Effectiveness Period, the number of Registrable Securities at any time exceeds 100% of the number of shares of Common Stock then registered in a Registration Statement, then the Company shall as soon as reasonably practicable file, but in any case prior to the applicable Filing Date, an additional Registration Statement covering the resale by the Holders of not less than the number of such Registrable Securities.
(d) The Company shall notify the Holders of Registrable Securities to be sold (which notice shall, pursuant to clauses (iii) through (vi) hereof, be accompanied by an instruction to suspend the use of the Prospectus until the requisite changes have been made) as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than one (1) Trading Day prior to such filing) and (if requested by any such Person) confirm such notice to in writing no later than one (1) Trading Day following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been is proposed to be filed with (but not including (i) any Exchange Act filing or (ii) any supplement or post-effective amendment to a registration statement that is not related to such Holder’s Registrable Securities), (B) when the SEC andCommission notifies the Company whether there will be a “review” of such Registration Statement and whenever the Commission comments in writing on such Registration Statement, and (C) with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal or state governmental authority for amendments or supplements to any Shelf a Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC Commission or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of or details concerning) financial statements included in a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (ineligible for inclusion therein or as required pursuant to Section 3(i)), state that it constitutes any statement made in a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing to the Company by such Notice Holder, such counsel any material respect or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with that requires any sale of Registrable Securities pursuant revisions to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holderother documents so that, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC case of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (zvi) in of the case occurrence or existence of clause (C) above, as soon asany pending corporate development with respect to the Company that the Company believes may be material and that, in the reasonable discretion determination of the Company, such suspension is no longer appropriate. The period during which makes it not in the best interest of the Company to allow continued availability of a Registration Statement or Prospectus; provided, that in no event shall any such notice contain any information which would constitute material, non-public information regarding the Shelf Company or any of its Subsidiaries.
(e) The Company shall use its reasonable best efforts to avoid the issuance of, or, if issued, obtain the withdrawal of (i) any order stopping or suspending the effectiveness of a Registration Statement, or (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, at the earliest practicable moment.
(f) The Company shall furnish to each Holder, without charge, at least one conformed copy of each such Registration Statement and each amendment thereto, including financial statements and schedules, all documents incorporated or deemed to be incorporated therein by reference to the extent requested by such Person, and all exhibits to the extent requested by such Person (including those previously furnished or incorporated by reference) promptly after the filing of such documents with the Commission; provided, that any Prospectus may such item which is available on the ▇▇▇▇▇ system (or successor thereto) need not be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days furnished in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month periodphysical form.
(jg) Make available for inspection during normal business hours by representatives for Subject to the Notice Holders terms of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure the Company hereby consents to the use of such information is required Prospectus and each amendment or supplement thereto by court or administrative order or is necessary to respond to inquiries each of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws the selling Holders in connection with the filing offering and sale of the Registrable Securities covered by such Prospectus and any amendment or supplement thereto, except after the giving of any Shelf Registration Statement or the use of any Prospectus referred notice pursuant to in this AgreementSection 3(d), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(kh) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is If requested by a fiscal year) commencing on the first day of the first fiscal quarter of Holder, the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate cooperate with each Notice such Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold to be delivered to a transferee pursuant to a Shelf Registration Statement, which certificates shall not bear any be free, to the extent permitted by the Share Purchase Agreement, of all restrictive legends, and cause to enable such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as any such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securitiesrequest.
(mi) Provide Upon the occurrence of any event contemplated by Section 3(d), as promptly as reasonably possible under the circumstances taking into account the Company’s good faith assessment of any adverse consequences to the Company and its stockholders of the premature disclosure of such event, the Company shall prepare a CUSIP number for all Registrable Securities covered by each Shelf supplement or amendment, including a post-effective amendment, to a Registration Statement or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither a Registration Statement nor such Prospectus will 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, in light of the circumstances under which they were made, not later than misleading. If the effective date Company notifies the Holders in accordance with clauses (iii) through (vi) of Section 3(d) above to suspend the use of any Prospectus until the requisite changes to such Prospectus have been made, then the Holders shall suspend use of such Shelf Prospectus. The Company will use its reasonable best efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable. The Company shall be entitled to exercise its right under this Section 3(i) to suspend the availability of a Registration Statement and provide the Trustee and the transfer agent Prospectus for the Common Stock with certificates for the Registrable Securities that are a period not to exceed 90 calendar days (which need not be consecutive days) in a form eligible for deposit with The Depository Trust Companyany 12-month period.
(nj) Cooperate The Company shall comply with all applicable rules and assist regulations of the Commission in connection with obtaining and maintaining the effectiveness of any filings rRegistration Statement required to be filed and maintained with the Commission under this Agreement.
(k) The Company may require each selling Holder to furnish to the Company a certified statement as to the number of shares of Common Stock beneficially owned by such Holder and, if required by the Commission, the natural persons thereof that have voting and dispositive control over the shares
Appears in 2 contracts
Sources: Registration Rights Agreement (SurePure, Inc.), Registration Rights Agreement (SurePure, Inc.)
Registration Procedures. In connection with the registration its obligations of the Company under Section 2 hereof2, Parent shall use its commercially reasonable efforts to effect the Company shall:
(a) Prepare offer and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form sale of such Registrable Securities under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution disposition thereof, and pursuant thereto Parent shall as soon as reasonably practicable and as applicable:
(a) prepare and file with the Commission a Registration Statement covering such Registrable Securities and use its commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counsel.declared effective;
(b) Prepare prepare and file with the SEC Commission such amendments and amendments, post-effective amendments and supplements to each Shelf such Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf Registration Statement continuously effective until the expiration of the Effectiveness Period; cause the related Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; and use commercially reasonable efforts to comply with the provisions of the Securities Act applicable to it with respect to the disposition of all securities covered by Registrable Securities subject thereto until the date on which all the Registrable Securities subject thereto have been sold pursuant to such Shelf Registration Statement during the Effectiveness Period in accordance with the intended methods of disposition by the sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented.Statement;
(c) As promptly as practicable give notice within a reasonable time before filing such Registration Statement, Prospectus or amendments or supplements thereto with the Commission, furnish to one counsel selected by the Stockholder included in such Registration Statement, Prospectus or amendments or supplements thereto copies of such documents proposed to be filed, which documents shall be subject to the Notice Holdersreview, comment and approval of such counsel;
(d) notify each selling holder of Registrable Securities, promptly after Parent receives notice thereof, of the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) (i) time when any Prospectus, Prospectus supplement, Shelf such Registration Statement has been declared effective or post-effective amendment a supplement to any Prospectus forming a Shelf part of such Registration Statement has been filed with the SEC and, with respect Commission;
(e) furnish to a Shelf each selling holder of Registrable Securities such number of copies of the Prospectus included in such Registration Statement or (including each preliminary Prospectus) and any post-effective amendment, when supplement thereto (in each case including all exhibits and documents incorporated by reference therein) and such other documents as such seller may reasonably request in order to facilitate the same has been declared effective, (ii) of any request, following the effectiveness disposition of the Initial Shelf Registration Statement Registrable Securities owned by such seller;
(f) notify each selling holder of such Registrable Securities, at any time when a Prospectus relating thereto is required to be delivered under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of any proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence happening of any event or that would cause the existence of any fact as a result of which any Shelf Prospectus included in such Registration Statement shall to contain any an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements made therein, in the light of the circumstances under which they were made, not misleading, or (C) and, at the occurrence or existence request of any pending corporate development thatsuch holder, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, Parent shall prepare and file, if necessary pursuant to applicable law, file as soon as practicable a post-effective supplement or amendment to such Shelf Registration Statement or a supplement Prospectus so that, as thereafter delivered to the related purchasers of such Registrable Securities, such Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does shall not contain any an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, ;
(g) provide a transfer agent and registrar (zwhich may or may not be the same entity) in for all such Registrable Securities not later than the case effective date of clause such registration;
(Ch) above, as soon as, in the reasonable discretion cause such shares of the Company, such suspension is no longer appropriate. The period during Purchased Common Stock and Warrant Shares to be listed on each securities exchange on which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.Common Stock is then listed;
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary otherwise use its commercially reasonable efforts to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply comply with all applicable rules and regulations of the SEC and make generally available Commission;
(j) use its commercially reasonable efforts to its securityholders earning statements (which need not cause such Registrable Securities to be audited) satisfying the provisions of Section 11(a) registered with or approved by such other governmental agencies or authorities as may be necessary by virtue of the business and operations of Parent to enable the holders of such Registrable Securities Act and Rule 158 thereunder to consummate the disposition of such Registrable Securities in accordance with their intended method of distribution thereof;
(or any similar rule promulgated under k) notify the holders of Registrable Securities Act) no later than 45 days after the end promptly of any 12-month period (request by the Commission for the amending or 90 days after the end supplementing of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.Statement or Prospectus or for additional information;
(l) Cooperate advise the holders of Registrable Securities, promptly after it shall receive notice or obtain knowledge thereof, of the issuance of any stop order by the Commission suspending the effectiveness of such Registration Statement or the initiation or threatening of any proceeding for such purpose and promptly use its commercially reasonable efforts to prevent the issuance of any stop order or to obtain its withdrawal at the earliest possible moment if such stop order should be issued;
(m) permit any holder of Registrable Securities which holder, in its sole and exclusive judgment, might be deemed to be an underwriter or a Controlling Person of Parent, to participate in the preparation of such Registration Statement and to require the insertion therein of language, furnished to Parent in writing, which in the reasonable judgment of such holder and its counsel should be included;
(n) cooperate with each Notice Holder the holders of the Registrable Securities to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such the Registrable Securities to be in sold pursuant to such denominations as are permitted by the Indenture Registration Statement free of any restrictive legends and representing such amounts and registered in such names as such Notice Holder the holders of the Registrable Securities may reasonably request in writing at least (2) Business Days a reasonable period of time prior to sales of Registrable Securities pursuant to such Registration Statement; provided, that Parent may satisfy its obligations hereunder without issuing physical stock certificates through the use of the facilities of The Depository Trust Company (“DTC”);
(o) take no direct or indirect action prohibited by Regulation M under the Exchange Act; provided, that, to the extent that any sale prohibition is applicable to Parent, Parent will take all commercially reasonable action to make any such prohibition inapplicable; and
(p) otherwise use its commercially reasonable efforts to take all other steps necessary to effect the registration of such Registrable SecuritiesSecurities contemplated hereby.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Registration Rights Agreement (New ERA Energy & Digital, Inc.), Registration Rights Agreement (New ERA Energy & Digital, Inc.)
Registration Procedures. In connection with Subject to Section 1(c), whenever the registration obligations Holders of the Company under Section 2 hereofRegistrable Securities have requested that any Registrable Securities be registered pursuant to this Agreement, the Company shall:
(a) Prepare will use its reasonable best efforts to effect the registration and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the such Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution disposition thereof. Without limiting the generality of the foregoing, the Company will, as expeditiously as possible:
(a) prepare and (within forty five (45) days after the end of the period within which requests for registration may be given to the Company pursuant hereto) file with the SEC a Registration Statement with respect to such Registrable Securities, make all required filings with the National Association of Securities Dealers and thereafter use commercially its reasonable best efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided hereineffective; provided provided, that before filing any Shelf a Registration Statement or Prospectus or any amendments or supplements thereto with the SECthereto, the Company shall will furnish to the Initial Purchaser and one firm of counsel for selected by the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holdersin accordance with Section 4(b) copies of all such documents proposed to be filed and use commercially reasonable efforts filed, which documents will be subject to reflect review of such counsel at the Company's expense. Unless such counsel earlier informs the Company that it has no objections to the filing of such Registration Statement, amendment or supplement, the Company will not file such Registration Statement, amendment or supplement prior to the date that is five Business Days from the date that such counsel received such document. The Company will not file any Registration Statement or amendment or post-effective amendment or supplement to such Registration Statement to which such counsel will have reasonably objected in each writing on the grounds that such document when so filed amendment or supplement does not comply in all material respects with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days requirements of the delivery Securities Act or of the rules or regulations thereunder. The Company shall not permit any person acting on behalf of the Company to use any free writing prospectus (as defined in Rule 405 under the Securities Act) in connection with any registration statement covering Registrable Securities, without the prior consent of the Holders named in such copies registration statement, such consent not to the Initial Purchaser and such counsel.be unreasonably withheld or delayed;
(b) Prepare prepare and file with the SEC such amendments and post-effective amendments supplements to each Shelf such Registration Statement as may be necessary to keep such Shelf Registration Statement continuously effective until for a period of either (i) not less than six (6) months or, if such Registration Statement relates to an underwritten offering, such longer period as in the opinion of - counsel for the underwriters a prospectus is required by law to be delivered in connection with sales of Registrable Securities by an underwriter or dealer or (ii) such shorter period as will terminate when all of the securities covered by such Registration Statement have been disposed of in accordance with the intended methods of disposition by the Holder or Holders thereof set forth in such Registration Statement (but in any event not before the expiration of the Effectiveness Period; cause the related Prospectus to be supplemented by any longer period required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; ), and use commercially reasonable efforts to comply with the provisions of the Securities Act applicable to it with respect to the disposition of all securities covered by such Shelf Registration Statement during the Effectiveness Period until such time as all of such securities have been disposed of in accordance with the intended methods of disposition by the sellers Holder or Holders thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented.Statement;
(c) As promptly as practicable give notice furnish to the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) (i) when any Prospectus, Prospectus supplement, Shelf Registration Statement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of any proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any each Holder of the Registrable Securities for sale being sold such number of copies, without charge, of such Registration Statement, each amendment and supplement thereto, including each preliminary prospectus, final prospectus, all exhibits and other documents filed therewith and such other documents as such Holder may reasonably request including in any jurisdiction or order to facilitate the initiation or threatening of any proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement disposition of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination Registrable Securities owned by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.such Holder;
(d) Use commercially use its reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable best efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the such other securities or Blue Sky blue sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or and things reasonably that may be necessary or reasonably advisable to enable such Holder to consummate the disposition in such jurisdictions of such the Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided owned by such Holder (provided, that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or subsection, (ii) take subject itself to taxation in any action that would subject it such jurisdiction or (iii) consent to general service of process in suits or to taxation in any such jurisdiction where it jurisdiction);
(e) use its reasonable best efforts to cause all Registrable Securities covered by such Registration Statement to be registered with or approved by such other governmental agencies, authorities or self-regulatory bodies as may be necessary or reasonably advisable in light of the business and operations of the Company to enable the Holder or Holders thereof to consummate the disposition of such Registrable Securities in accordance with the intended method or methods of disposition thereof;
(f) immediately notify each Holder of such Registrable Securities being sold and any underwriter(s), at any time when a prospectus relating thereto is required to be delivered under the Securities Act, of the occurrence of any event which will have the result that, the prospectus contains an untrue statement of a material fact or omits to state any fact necessary to make the statements therein not then misleading in the light of the circumstances under which they were made, and, as promptly as practicable, prepare and furnish to such Holder and underwriter(s) a reasonable number of copies of a supplement or amendment to such prospectus so subject.that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus will not contain an untrue statement of a material fact or omit to state any fact necessary to make the statements therein not misleading in the light of the circumstances under which they were made;
(g) notify each Holder of any Registrable Securities being sold and covered by such Registration Statement (i) Upon when the prospectus or any prospectus supplement or post-effective amendment has been filed and, with respect to such Registration Statement or any post-effective amendment, when the same has become effective, (Aii) of any request by the SEC for amendments or supplements to such registration statement or to amend or to supplement such prospectus or for additional information and (iii) of the issuance by the SEC of a any stop order suspending the effectiveness of such registration statement or the Shelf initiation of any proceedings for any of such purposes;
(h) use its reasonable best efforts to cause all such Registrable Securities to be listed on each securities exchange on which similar securities issued by the Company are then listed or, if no similar securities issued by the Company are then listed on any securities exchange, use its reasonable best efforts to cause all such Registrable Securities to be listed on the Nasdaq;
(i) provide a transfer agent and registrar for all such Registrable Securities not later than the effective date of such Registration Statement;
(j) enter into such customary agreements (including underwriting agreements with customary provisions) and take all such other actions as the Requesting Holder, Holders of a majority of Registrable Securities included in such Registration Statement or the initiation underwriters, if any, reasonably request in order to expedite or facilitate the disposition of proceedings such Registrable Securities (including, without limitation, effecting a share split or a combination of shares);
(k) make available for inspection by any Holder of the Registrable Securities being sold, any underwriter participating in any disposition pursuant to such Registration Statement and any attorney, accountant or other agent retained by any such Holder or underwriter, all financial and other records, pertinent corporate documents and documents relating to the business of the Company, and cause the Company's officers, directors, employees and independent accountants to supply all information reasonably requested by any such Holder, underwriter, attorney, accountant or agent in connection with such Registration Statement; provided, that each Holder will, and will use its commercially reasonable efforts to cause each such underwriter, accountant or other agent to enter into a customary confidentiality agreement in form and substance reasonably satisfactory to the Company; provided further, that such confidentiality agreement will not contain terms that would prohibit any such Person from complying with its obligations under applicable law or Nasdaq rules.
(l) otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the SEC, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months beginning with the first day of the Company's first full calendar quarter after the effective date of the Registration Statement, which earnings statement will satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder;
(m) in the event of the issuance of any stop order suspending the effectiveness of a Registration Statement, or of any order suspending or preventing the use of any related prospectus or ceasing trading of any securities included in such Registration Statement for sale in any jurisdiction, use its reasonable best efforts promptly to obtain the withdrawal of such order;
(n) enter into such agreements and take such other actions as the Holders of the Registrable Securities being sold or the underwriters reasonably request in order to expedite or facilitate the disposition of such Registrable Securities, including, without limitation, preparing for and participating in such number of "road shows" and all such other customary selling efforts as the underwriters reasonably request in order to expedite or facilitate such disposition;
(o) obtain one or more comfort letters, addressed to the Holders of the Registrable Securities being sold (and, if such registration includes an underwritten public offering to the underwriters of such offering), signed by the Company's independent public accountants in customary form and covering such matters of the type customarily covered by comfort letters;
(p) provide legal opinions of the Company's outside counsel, addressed to the Holders of the Registrable Securities being sold (and, if such registration includes an underwritten public offering, to the underwriters of such offering), with respect to the Shelf Registration Statement under Section 8(d) or 8(e) and prospectus in customary form and covering such matters of the type customarily covered by legal opinions of such nature;
(q) furnish to any Holder of the Registrable Securities Actbeing sold such information and assistance as such Holder may reasonably request in connection with any "due diligence" effort which such Holder deem appropriate; and
(r) use its reasonable best efforts to take or cause to be taken all other actions, (B) and do and cause to be done all other things, necessary or reasonably advisable to effect the occurrence registration of such Registrable Securities contemplated hereby. The Company agrees not to file or make any amendment to any Registration Statement with respect to any Registrable Securities, or any amendment of or supplement to the prospectus used in connection therewith, that refers to any Holder covered thereby by name, or otherwise identifies such Holder as the holder of any event securities of the Company, without the consent of such Holder, such consent not to be unreasonably withheld or delayed, unless and to the existence of any fact as a result of which any Shelf extent such disclosure is required by law. The Company represents and warrants that no Registration Statement (including any amendments or supplements thereto and prospectuses contained therein) shall contain any untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without except that the Company incurring makes no representation or warranty with respect to information relating to any obligation Holder furnished in writing to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders Holder specifically for inclusion therein). The Company may require each Holder of Registrable Securities as to which any registration is being effected to furnish the Company with such information regarding such Holder and pertinent to the disclosure requirements relating to the registration and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations distribution of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of securities as the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder may from time to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may time reasonably request in writing at least (2) Business Days prior to any sale of such Registrable Securitieswriting.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Registration Rights Agreement (Castlewood Holdings LTD), Registration Rights Agreement (Castlewood Holdings LTD)
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(ai) Prepare and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereofCommission such amendments, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counsel.
(b) Prepare and file with the SEC such amendments and including post-effective amendments amendments, to each Shelf a Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf a Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness Period; Registrable Securities, (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplementsupplement (subject to the terms of this Agreement), and and, as so supplemented or amended, to be filed pursuant to Rule 424 424, (iii) respond as promptly as reasonably possible to any comments received from the Commission with respect to a Registration Statement or any similar provisions then amendment thereto and provide as promptly as reasonably possible to the Holders true and complete copies of all correspondence from and to the Commission relating to a Registration Statement (provided that, the Company may excise any information contained therein which would constitute material non-public information as to any Holder which has not executed a confidentiality agreement with the Company), and (iv) comply in force) under the Securities Act; and use commercially reasonable efforts to comply all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf a Registration Statement during the Effectiveness Period applicable period in accordance (subject to the terms of this Agreement) with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplemented. Each Holder agrees to furnish to the Company a completed questionnaire in the form attached to this Agreement as Annex A (a “Selling Stockholder Questionnaire”) on a date that is not less than four (4) Trading Days prior to the Filing Date.
(c) As promptly as practicable give notice to the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) (i) when any Prospectus, Prospectus supplement, Shelf Registration Statement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of any proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(db) Use commercially reasonable its best efforts to prevent avoid the issuance of, andor, if issued, to obtain the withdrawal of (i) any order stopping or suspending the effectiveness of a Shelf Registration Statement Statement, or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case at the earliest possible practicable moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(kc) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periodsCommission.
(ld) Cooperate with The Company may require each Notice selling Holder to facilitate furnish to the timely preparation and delivery Company a certified statement as to the number of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statementshares of Common Stock beneficially owned by such Holder and, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted if required by the Indenture Commission, the natural persons thereof that have voting and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securitiesdispositive control over the shares.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Registration Rights Agreement (Red Metal Resources, Ltd.), Registration Rights Agreement
Registration Procedures. In connection with the registration obligations of the Company under and the Guarantors pursuant to and in accordance with Section 2 hereof1, the Company shall:
(a) Prepare and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under Guarantors will use commercially reasonable efforts to effect the Securities Act available for the registration and sale of the such Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution disposition thereof. Without limiting the generality of the foregoing, the Company and the Guarantors will, as expeditiously as possible:
(a) prepare and file with the Commission a Registration Statement with respect to such Registrable Securities, subject to Section 1(c) of this Agreement, make all required filings with FINRA and thereafter use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided hereinupon filing but in any event not later than thirty (30) days after the filing of such Registration Statement; provided that before filing any Shelf a Registration Statement or Prospectus or any amendments or supplements thereto with (other than reports required to be filed by it under the SECExchange Act that are incorporated or deemed to be incorporated by reference into the Registration Statement), the Company shall will furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) Noteholder copies of all such documents proposed to be filed filed. If the Noteholder informs the Company in writing within five Business Days that it has any objections to the filing of such Registration Statement, amendment or supplement, the Company will not file such Registration Statement, amendment or supplement prior to the date that is five Business Days from the date the Noteholder received such document. The Company will not file any Registration Statement or amendment or supplement to such Registration Statement to which the Noteholder will have reasonably objected in writing on the grounds that (and use commercially reasonable efforts to reflect explaining why) such amendment or supplement does not comply in each such document when so filed all material respects with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days requirements of the delivery Securities Act or of such copies to the Initial Purchaser and such counsel.rules or regulations thereunder;
(b) Prepare prepare and file with the SEC Commission such amendments and post-effective amendments supplements to each Shelf such Registration Statement as may be necessary to keep such Shelf Registration Statement continuously effective until for a period of either (i) not less than the Effectiveness Period or, if such Registration Statement relates to an underwritten offering, such longer period as in the opinion of counsel for the underwriters a prospectus is required by law to be delivered in connection with sales of Registrable Securities by an underwriter or dealer or (ii) such shorter period as will terminate when all of the securities covered by such Registration Statement have been disposed of in accordance with the intended methods of disposition by the Noteholder, set forth in such Registration Statement (but in any event not before the expiration of the Effectiveness Period; cause the related Prospectus to be supplemented by any longer period required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; ), and use commercially reasonable efforts to comply with the provisions of the Securities Act applicable to it with respect to the disposition of all securities covered by such Shelf Registration Statement during the Effectiveness Period until such time as all of such securities have been disposed of in accordance with the intended methods of disposition by the sellers thereof Noteholder set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented.Statement;
(c) As furnish to the Noteholder, without charge, such number of conformed copies of such Registration Statement and of each post-effective amendment thereto, and deliver, without charge, such number of copies of each preliminary prospectus, final prospectus, all exhibits and other documents filed therewith and such other documents as the Noteholder may reasonably request including in order to facilitate the disposition of the Registrable Securities owned by it;
(d) use commercially reasonable efforts to register or qualify such Registrable Securities under such other securities or blue sky laws of such jurisdictions as the Noteholder reasonably requests in writing (provided that the Company and the Guarantors will not be required to (i) qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this subsection, (ii) subject itself to taxation in any such jurisdiction or (iii) consent to general service of process in any such jurisdiction);
(e) promptly notify the Noteholder, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the discovery of the happening of any event as a result of which, the prospectus contains an untrue statement of a material fact or omits any fact necessary to make the statements therein not misleading in the light of the circumstances under which they were made, and, as promptly as practicable give notice practicable, prepare and furnish to the Notice HoldersNoteholder a reasonable number of copies of a supplement or amendment to such prospectus so that, as thereafter delivered to the Initial Purchaser and counsel for purchasers of such Registrable Securities, such prospectus will not contain an untrue statement of a material fact or omit to state any fact necessary to make the Holders and for statements therein not misleading in the Initial Purchaser light of the circumstances under which they were made;
(or, if applicable, separate counsel for f) promptly notify the Holders) Noteholder (i) when the prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement prospectus supplement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf such Registration Statement or any post-effective amendment, when the same has been declared become effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC or any other federal or state governmental authority Commission for amendments or supplements to any Shelf such Registration Statement or related Prospectus to amend or to supplement such prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf such Registration Statement or the initiation or threatening of any proceedings for that such purpose, (iv) of the receipt by the Company or the Guarantors or their legal counsel of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, purpose and (v) after the effective date happening of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by event that requires the Company that a post-or the Guarantors to make changes in any effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of Prospectus related to the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein in such Registration Statement not misleading, misleading or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the such Prospectus not misleading in light of the circumstances under in which they were made, not misleading, or made (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate which notice shall be accompanied by an instruction to suspend the availability use of the Shelf Registration Statement and Prospectus until the related Prospectus requisite changes have been made);
(a "Material Event"), (ig) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it all such Registrable Securities to be declared effective listed on the Irish Stock Exchange and to maintain such listing on the Irish Stock Exchange or another recognized stock exchange, as promptly defined under the Irish Tax Consolidation Act, for a period of not less than seven years from the Closing Date;
(h) enter into such customary agreements (including underwriting agreements in form, scope and substance as is practicable, customary in underwritten offerings) and (ii) give notice to take all such appropriate and reasonable other actions as the Notice Holders and counsel for Noteholder or the Holders and for the Initial Purchaser (orunderwriters, if applicableany, separate counsel reasonably request in order to expedite or facilitate the disposition of such Registrable Securities;
(i) if such offering is an underwritten offering, make available for inspection by the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") andNoteholder, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell underwriter participating in any Registrable Securities disposition pursuant to such Shelf Registration Statement until and any attorney, accountant or other agent retained by the Noteholder or any such Notice Holder's receipt of copies underwriter, all financial and other records, pertinent corporate documents of the supplemented Company as will be reasonably necessary to enable them to exercise their due diligence responsibilities, provided that each of the Noteholder, any such underwriter and any attorney, accountant or amended Prospectus provided for in clause (i) above, or until it is advised in writing other agent retained by the Company that Noteholder or any such underwriter will enter into a confidentiality agreement satisfactory to the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will Company;
(j) otherwise use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply comply with all applicable rules and regulations of the SEC Commission, and make generally available to its securityholders earning statements (security holders, as soon as reasonably practicable, an earnings statement of AerCap and its Subsidiaries covering the period of at least twelve months beginning with the first day of AerCap’s first full calendar quarter after the effective date of the Registration Statement, which need not be audited) satisfying earnings statement will satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder thereunder;
(or any similar rule promulgated under k) in the Securities Act) no later than 45 days after event of the end issuance of any 12-month period (or 90 days after stop order suspending the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date effectiveness of a Shelf Registration Statement, which statements shall cover said 12-month periods.or of any order suspending or preventing the use of any related prospectus or ceasing trading of any securities included in such Registration Statement for sale in any jurisdiction, use commercially reasonable efforts promptly to obtain the withdrawal of such order at the earliest practicable time;
(l) Cooperate with each Notice Holder enter into such agreements and take such other actions as the Noteholder or the underwriters reasonably request in order to expedite or facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale disposition of such Registrable Securities., including, without limitation, preparing for and participating in such number of “road shows”, and all such other customary selling efforts as the underwriters reasonably request in order to expedite or facilitate such disposition, including, as the underwriters reasonably request, making members of senior management of AerCap, as would customarily participate in “road show” and other customary marketing activities for an offering by AerCap comparable to such offering in size and type of securities offered, cooperate with the managing underwriters or underwriter and make themselves available to participate on a reasonable basis in “road show” and other customary marketing activities in such locations (domestic and foreign) as recommended by the managing underwriters or underwriter (including one-on-one meetings with prospective purchasers of the Registrable Securities);
(m) Provide if such offering is an underwritten offering, use commercially reasonable efforts to obtain one or more comfort letters, addressed to the underwriters, the Noteholder (provided that AerCap’s independent public accountants will address a CUSIP number comfort letter to the Noteholder), dated the effective date of, or the date of the closing under the underwriting agreement for all such offering, signed by AerCap’s independent public accountants in customary form and covering such matters of the type customarily covered by comfort letters in underwritten offerings;
(n) if such offering is an underwritten offering, use commercially reasonable efforts to provide legal opinions of the Company’s and the Guarantors’ outside counsel, addressed to the underwriters, dated the effective date of, or the date of the closing under the underwriting agreement for such offering, each amendment and supplement thereto, with respect to the Registration Statement, each amendment and supplement thereto (including the preliminary prospectus) and such other documents relating thereto in customary form and covering such matters of the type customarily covered by legal opinions of such nature;
(o) make available to the Noteholder each item of correspondence from the Commission or the staff of the Commission (or other governmental agency or self-regulatory body or other body having jurisdiction, including any domestic or foreign securities exchange) and each item of correspondence written by or on behalf of the Company or the Guarantors to the Commission or the staff of the Commission (or other governmental agency or self-regulatory body or other body having jurisdiction, including any domestic or foreign securities exchange), in each case relating to such Registration Statement, other than, in each case, any item of correspondence relating to any reports delivered or required to be delivered under the Exchange Act whether or not in connection with such Registration Statement; and
(p) use their commercially reasonable efforts to procure the cooperation of the Trustee in settling any transfer of Registrable Securities, including with respect to the transfer of any physical certificates into book-entry form in accordance with any procedures reasonably requested by the Noteholder or the underwriters. The Company and the Guarantors agree not to file or make any amendment to any Registration Statement with respect to any Registrable Securities, or any amendment of or supplement to the prospectus used in connection therewith, that refers to the Noteholder by name, or otherwise identifies the Noteholder as the holder of any securities of the Company or the Guarantors, without the consent of the Noteholder, such consent not to be unreasonably withheld or delayed, unless and to the extent such disclosure is required by applicable law. The Company and the Guarantors may require the Noteholder to furnish the Company and the Guarantors with such information regarding the Noteholder and pertinent to the disclosure requirements relating to the registration and the distribution of such securities as the Company may from time to time reasonably request in writing. The Noteholder agrees that, upon receipt of any notice from the Company or the Guarantors of the happening of any event of the kind described in Section 3(e), 3(f)(ii) or 3(f)(iii) hereof, that the Noteholder shall discontinue disposition of any Registrable Securities covered by each Shelf such Registration Statement not later or the related prospectus until receipt of the copies of the supplemented or amended prospectus contemplated by Section 3(c) hereof, which supplement or amendment shall be prepared and furnished as soon as reasonably practicable, or until the Noteholder is advised in writing by the Company or the Guarantors that the use of the applicable prospectus may be resumed, and has received copies of any amended or supplemented prospectus or any additional or supplemental filings which are incorporated, or deemed to be incorporated, by reference in such prospectus (such period during which disposition is discontinued being an “Interruption Period”) and, if requested by the Company or the Guarantors, the Noteholder shall use its commercially reasonable efforts to return to the Company and the Guarantors all copies then in its possession, other than permanent file copies then in such holder’s possession, of the effective date prospectus covering such Registrable Securities at the time of receipt of such Shelf Registration Statement and provide request. As soon as practicable after the Trustee Company and the transfer agent Guarantors have determined that the use of the applicable prospectus may be resumed, the Company and the Guarantors will notify the Noteholder. In the event the Company or the Guarantors invoke an Interruption Period hereunder and in the reasonable discretion of the Company the need for the Common Stock with certificates Company or the Guarantors to continue the Interruption Period ceases for any reason, the Registrable Securities Company and the Guarantors shall, as soon as reasonably practicable, provide written notice to the Noteholder that are such Interruption Period is no longer applicable. Notwithstanding anything in a form eligible for deposit with The Depository Trust Company.
this paragraph to the contrary, no Interruption Period shall exceed sixty (n60) Cooperate and assist days and, in any filings rcalendar year, no more than one hundred ninety-five (195) days in the aggregate may be part of an Interruption Period.
Appears in 2 contracts
Sources: Registration Rights Agreement, Registration Rights Agreement (AerCap Holdings N.V.)
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with the SEC Commission on or prior to the Filing Date, a Shelf Registration Statement or Shelf Registration Statements on Form S-1 S-3 (or S-3 or any other if such form is not available to the Company on another form appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof such registration in accordance with herewith) (which shall include a Plan of Distribution substantially in the intended method or methods form of distribution thereofExhibit A attached hereto), and use commercially reasonable efforts to cause each such Shelf the Registration Statement to become effective and remain effective as provided herein; provided provided, however, that before not less than three (3) Business Days prior to the filing any Shelf of the Registration Statement or any related Prospectus or any amendments amendment or supplements thereto with the SECsupplement thereto, the Company shall (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (orSpecial Counsel, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed filed, which documents (other than those incorporated by reference) will be subject to the review of such Special Counsel, and use commercially (ii) at the request of any Holder cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of counsel to reflect such Holders, to conduct a reasonable investigation within the meaning of the Securities Act. The Company shall not file the Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of a majority of the Registrable Securities or the Special Counsel shall reasonably object in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose writing within three (3) Business Days of the delivery of such copies after their receipt thereof, unless counsel to the Initial Purchaser and Company determines in writing that such counselobjection is without merit.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf the Registration Statement as may be necessary to keep such Shelf the Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and to the extent any Registrable Securities are not included in such Registration Statement for reasons other than the failure of the Effectiveness PeriodHolder to comply with Section 3(m) hereof, shall prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all Registrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 (or any similar provisions then in force) promulgated under the Securities Act; (iii) respond as promptly as possible, and use commercially reasonable efforts in no event later than 10 business days, to any comments received from the Commission with respect to the Registration Statement or any amendment thereto and as promptly as possible provide the Holders true and complete copies of all correspondence from and to the Commission relating to the Registration Statement; and (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As Notify the Holders of Registrable Securities to be sold and the Special Counsel as promptly as practicable give notice to the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser possible (or, if applicable, separate counsel for the Holders) (iA) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf the Registration Statement has been is proposed to be filed with (but in no event in the SEC andcase of this subparagraph (A), less than three (3) Business Days prior to date of such filing); (B) when the Commission notifies the Company whether there will be a "review" of such Registration Statement and whenever the Commission comments in writing on such Registration Statement; and (C) with respect to a Shelf the Registration Statement or any post-effective amendment, when the same has been declared become effective, and after the effectiveness thereof: (iii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf the Registration Statement or related Prospectus or for additional information, ; (iiiii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf the Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iii) if at any time any of the representations and warranties of the Company contained in any agreement contemplated hereby ceases to be true and correct in all material respects; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; and (v) after if the effective date of any Shelf financial statements included in the Registration Statement filed pursuant to this Agreement become ineligible for inclusion therein or of the occurrence of (but not any event that makes any statement made in the nature of Registration Statement or details concerning) a Material Event and (vi) Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires any revisions to the Registration Statement, Prospectus or other documents so that, in the case of the determination by the Company that a post-effective amendment to a Shelf Registration Statement or the Prospectus, as the case may be, it will not contain any untrue statement of a material fact or omit to state any material fact required to be filed with stated therein or necessary to make the SECstatements therein, which notice may, at in the discretion light of the Company (or as required pursuant to Section 3(i))circumstances under which they were made, state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applynot misleading.
(d) Use commercially reasonable its best efforts to prevent avoid the issuance of, andor, if issued, use best efforts to obtain the withdrawal of of, (i) any order suspending the effectiveness of a Shelf the Registration Statement or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case at the earliest possible practicable moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice HolderHolders of a majority in interest of the Registrable Securities, as (i) promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf the Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to Company reasonably agrees should be included therein by applicable law and (ii) make any all required filings of such Prospectus supplement or such post-effective amendment as soon as practicable after the Company has received notification of the matters to be incorporated in such Prospectus supplement or post-effective amendment; provided provided, however, that the Company shall not be required to take any actions under action pursuant to this Section 3(e) thatthat would, in the written opinion of counsel for the CompanyCompany (addressed to the Holder's Special Counsel), are not in compliance with violate applicable law.
(f) As promptly as practicable furnish Furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) Holder and the Initial PurchaserSpecial Counsel, without charge, at least one (1) conformed copy of the Shelf each Registration Statement and any each amendment thereto, including financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company extent requested by such Notice Holder, Person (including those previously furnished or incorporated by reference) promptly after the filing of such counsel or documents with the Initial Purchaser)Commission.
(g) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) Holder and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration StatementSpecial Counsel, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Holders in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in the manner set forth thereinthereto.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use commercially reasonable its best efforts to register or qualify or cooperate with the Notice selling Holders and the Special Counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in the manner set forth in the relevant Shelf covered by a Registration Statement and the related ProspectusStatement; provided provided, however, that the Company will shall not be required to (i) qualify as a foreign corporation or as a dealer in securities generally to do business in any jurisdiction where it would is not otherwise be required then so qualified or to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits any jurisdiction where it is not then so subject or subject the Company to taxation any material tax in any such jurisdiction where it is not then so subject.
(i) Upon Cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by applicable law and the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any Holder may request at least two (A2) Business Days prior to any sale of Registrable Securities. In connection therewith, the issuance by the SEC of a stop order suspending Company shall promptly after the effectiveness of the Shelf Registration Statement or cause an opinion of counsel to be delivered to and maintained with its transfer agent, together with any other authorizations, certificates and directions required by the initiation transfer agent, which authorize and direct the transfer agent to issue such Registrable Securities without legend upon sale by the Holder of proceedings with respect to such shares of Registrable Securities under the Shelf Registration Statement under Section 8(dStatement.
(j) or 8(e) of the Securities Act, (B) Upon the occurrence of any event contemplated by Section 3(c)(v), as promptly as possible, prepare a supplement or amendment, including a post-effective amendment, to the existence of any fact as a result of which any Shelf Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither the Registration Statement nor such Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Cause all Registrable Securities relating to such Registration Statement to be listed on NASDAQ and any other United States securities exchange, quotation system, market or over-the-counter bulletin board, if any, on which similar securities issued by the Company are then listed as and when required pursuant to the Purchase Agreement.
(l) Comply in all material respects with all applicable rules and regulations of the SEC Commission and make generally available to its securityholders security holders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no not later than 45 days after the end of any 123-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf the Registration Statement, which statements statement shall cover said 12-month periods.
(l) Cooperate with each Notice Holder conform to facilitate the timely preparation and delivery requirements of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable SecuritiesRule 158.
(m) Provide a CUSIP number for all Request each selling Holder to furnish to the Company information regarding such Holder and the distribution of such Registrable Securities covered as is required by each Shelf law or the Commission to be disclosed in the Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee Statement, and the transfer agent for the Common Stock with certificates for Company may exclude from such registration the Registrable Securities of any such Holder who fails (i) to furnish such information or (ii) to agree to furnish, upon request, such additional information regarding such Holder as may later be required by law to be disclosed, in each case, within a reasonable time prior to the filing of each Registration Statement, supplemented Prospectus and/or amended Registration Statement. If the Registration Statement refers to any Holder by name or otherwise as the holder of any securities of the Company, then such Holder shall have the right to require (if such reference to such Holder by name or otherwise is not required by the Securities Act or any similar federal statute then in force) the deletion of the reference to such Holder in any amendment or supplement to the Registration Statement filed or prepared subsequent to the time that such reference ceases to be required. Each Holder agrees by its acquisition of such Registrable Securities that, upon receipt of a notice from the Company of the occurrence of any event of the kind described in Section 3(c)(i), 3(c)(ii), 3(c)(iii), 3(c)(iv), 3(c)(v) or 3(n), such Holder will forthwith discontinue disposition of such Registrable Securities under the Registration Statement until such Holder's receipt of the copies of the supplemented Prospectus and/or amended Registration Statement contemplated by Section 3(j), or until it is advised in writing (the "Advice") by the Company that the use of the applicable Prospectus may be resumed, and, in either case, has received copies of any additional or supplemental filings that are incorporated or deemed to be incorporated by reference in a form eligible for deposit with The Depository Trust Companysuch Prospectus or Registration Statement.
(n) Cooperate If (i) there is material non-public information regarding the Company which the Company's Board of Directors (the "Board") reasonably determines not to be in the Company's best interest to disclose and assist which the Company is not otherwise required to disclose, or (ii) there is a significant business opportunity (including, but not limited to, the acquisition or disposition of assets (other than in the ordinary course of business) or any filings rmerger, consolidation, tender offer or other similar transaction) available to the Company which the Board reasonably determines not to be in the Company's best interest to disclose and which the Company would be required to disclose under the Registration Statement, then the Company may postpone or suspend filing or effectiveness of a registration statement for a period not to exceed 30 consecutive days, provided that the Company may not postpone or suspend its obligation under this Section 3(n) for more than 45 days in the aggregate during any 12 month period (each, a "Blackout Period").
Appears in 2 contracts
Sources: Investor Rights Agreement (Nexmed Inc), Investor Rights Agreement (Nexmed Inc)
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than five Trading Days prior to the SEC a Shelf filing of each Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements supplement thereto with the SEC(excluding any document that would be incorporated or deemed incorporated therein by reference), the Company shall shall, (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) each Holder copies of all such documents proposed to be filed filed, which documents (other than those incorporated or deemed to be incorporated by reference) will be subject to the review of such Holders, and use commercially (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel to reflect in each such document when so filed with conduct a reasonable investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery Securities Act. The Company shall not file the Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of a majority of the Registrable Securities shall reasonably and in good faith object, provided, the Company is notified of such objection in writing no later than 5 Trading Days after the Holders have been so furnished copies to the Initial Purchaser and of such counseldocuments.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf a Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf a Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplementsupplement (subject to the terms of this Agreement), and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible, and in any event within 15 Trading Days, to any comments received from the Commission with respect to a Registration Statement or any similar provisions then in force) under amendment thereto and as promptly as reasonably possible provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to a Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf a Registration Statement during the Effectiveness Period applicable period in accordance (subject to the terms of this Agreement) with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As If during the Effectiveness Period, the number of Registrable Securities at any time exceeds 85% of the number of shares of Common Stock then registered in a Registration Statement, then the Company shall file as soon as reasonably practicable but in any case prior to the applicable Filing Date, an additional Registration Statement covering the resale of by the Holders of not less than 130% of the number of such Registrable Securities.
(d) Notify the Holders of Registrable Securities to be sold (which notice shall, pursuant to clauses (ii) through (vi) hereof, be accompanied by an instruction to suspend the use of the Prospectus until the requisite changes have been made) as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than five Trading Days prior to such filing) and (if requested by any such Person) confirm such notice to in writing no later than one Trading Day following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a "review" of such Registration Statement and whenever the Commission comments in writing on such Registration Statement (the Company shall provide true and complete copies thereof and all written responses thereto to each of the Holders); and (C) with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf a Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of or details concerning) financial statements included in a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (ineligible for inclusion therein or as required pursuant to Section 3(i)), state that it constitutes any statement made in a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing to the Company by such Notice Holder, such counsel any material respect or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with that requires any sale of Registrable Securities pursuant revisions to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holderother documents so that, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC case of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading misleading; and (it being understood vi) the occurrence or existence of any pending corporate development with respect to the Company that the Company believes may rely on information provided be material and that, in the determination of the Company, makes it not in the best interests of the Company to allow continued availability or the Registration Statement or Prospectus.
(e) Promptly deliver to each Holder, without charge, as many copies of the Prospectus or Prospectuses (including each form of prospectus) and each amendment or supplement thereto as such Persons may reasonably request. Subject to the terms of this Agreement, the Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by each Notice Holder of the selling Holders in connection with respect to such Notice Holder), as thereafter delivered to the purchasers offering and sale of the Registrable Securities being sold thereundercovered by such Prospectus and any amendment or supplement thereto.
(f) Use commercially reasonable efforts to register or qualify the resale of such Registrable Securities as required under applicable securities or Blue Sky laws of each State within the United States as any Holder requests in writing, andto keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period; provided, that the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified or subject the case Company to any material tax in any such jurisdiction where it is not then so subject.
(g) Cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request.
(h) Upon the occurrence of any event contemplated this Section 3, as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment amendment, to a Shelf Registration Statement, subject Statement or a supplement to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of related Prospectus or any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are document incorporated or deemed to be incorporated therein by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) abovereference, and file any other required document so that, as promptly as is practicablethereafter delivered, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf neither a Registration Statement does not nor such Prospectus will contain any an untrue statement of a material fact or omits omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. If the Company notifies the Holders in accordance with clauses (ii) through (vi) of Section 3(d) above to suspend the use of the use of any Prospectus until the requisite changes to such Prospectus have been made, or the Company otherwise notifies the Holders of its election to suspend the availability of a Registration Statement and Prospectus pursuant to clause (zvi) of Section 3(d), then the Holders shall suspend use of such Prospectus. The Company will use its best efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable, except that in the case of suspension of the availability of a Registration Statement and Prospectus pursuant to clause (Cvi) aboveof Section 3(d), the Company shall not be required to take such action until such time as soon as, it shall determine that the continued availability of the Registration Statement and Prospectus is no longer not in the reasonable discretion best interests of the Company, such suspension is no longer appropriate. The period during which Company shall be entitled to exercise its right under this Section 3(h) to suspend the availability of the Shelf a Registration Statement and any Prospectus may be suspended (Prospectus, subject to the "Suspension Period") without the Company incurring any obligation to pay payment of liquidated damages pursuant to Section 2(e) shall 2(b), for a period not to exceed thirty (30) 45 consecutive days or for multiple periods not to exceed 60 days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) 12 month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available Commission.
(j) Use its best efforts to its securityholders earning statements avoid the issuance of, or, if issued, obtain the withdrawal of (which need not be auditedi) satisfying any order suspending the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date effectiveness of a Shelf Registration Statement, which statements shall cover said 12-month periodsor (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, at the earliest practicable moment.
(lk) Cooperate with The Company may require, at any time prior to the third Trading Day prior to the Filing Date, each Notice Holder to facilitate furnish to the timely preparation and delivery Company a statement as to the number of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statementshares of Common Stock beneficially owned by such Holder and, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted if requested by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior Commission, the controlling person thereof, within three Trading days of the Company's request. During any periods that the Company is unable to any sale meet its obligations hereunder with respect to the registration of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities solely because any Holder fails to furnish such information within three Trading Days of the Company's request, any liquidated damages that are in a form eligible for deposit with The Depository Trust accruing at such time shall be tolled and any Event of Default that may otherwise occur solely because of such delay shall be suspended, until such information is delivered to the Company.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Registration Rights Agreement (Svi Solutions Inc), Registration Rights Agreement (Svi Solutions Inc)
Registration Procedures. In connection with the ----------------------- registration obligations of the Company under Section any Registrable Securities or Exchange Securities pursuant to Sections 2 and 3 hereof, the Company Registrants shall use their reasonable best efforts to effect such registration to permit the sale of such Registrable Securities or Exchange Securities in accordance with any permitted intended method or methods of disposition thereof, and pursuant thereto the Registrants shall:
(a) Prepare prepare and file cause to be filed with the SEC Commission a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale as prescribed by Sections 2 and 3 of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereofthis Agreement, and use commercially their reasonable best efforts to cause each such Shelf Registration Statement to become effective and remain effective for the applicable period as provided herein; provided provided, however, that (i) during the period in which the -------- ------- Initial Shelf Registration Statement is open for the Restricted Persons, the Registrants shall afford any Restricted Person which is a holder of Registrable Securities or Resale Securities and the Special Counsel, upon such holder's written request to the Registrants, an opportunity to review copies of all such documents proposed to be filed, and (ii) if such filing is pursuant to Section 3, before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SECthereto, the Company Registrants shall furnish afford the Special Counsel for all holders of the Registrable Securities covered by such Registration Statement an opportunity to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) review copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counsel.filed;
(b) Prepare prepare and file cause to be filed with the SEC Commission such amendments and post-effective amendments to each Shelf Registration Statement as may be necessary to keep such Shelf Registration Statement continuously effective until for the expiration of the Effectiveness Periodapplicable period as provided herein; cause the related Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; and use commercially reasonable efforts to comply with the provisions of the Securities Act, the Exchange Act applicable to it and the rules and regulations of the Commission promulgated thereunder with respect to the disposition of all securities covered by such Shelf Registration Statement during the Effectiveness Period as so amended or in such Prospectus as so supplemented in accordance with the intended methods of disposition by the sellers thereof of Registrable Securities covered thereby set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented.therein;
(c) As promptly as practicable give notice to the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) notify holders of Registrable Securities (i) when any Prospectus, Prospectus supplement, if a Shelf Registration Statement is filed pursuant to Section 3 hereof, (ii) when a Prospectus or any prospectus supplement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC filed, and, with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, (iiiii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC or any other federal or state governmental authority Commission for amendments or supplements to any Shelf the Registration Statement or related the Prospectus or for additional information, (iiiiv) of receipt by the Registrants of any notification with respect to the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf a Registration Statement or of any order preventing or suspending the use of any preliminary prospectus or Prospectus or the initiation or threatening of any proceedings for that purpose, (ivv) of the receipt by the Company Registrants of any notification with respect to the suspension of the qualification or exemption from qualification of a Registration Statement or any of the Registrable Securities for offer or sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination existence of any fact known to the Registrants which results in such Registration Statement or related Prospectus or any document incorporated therein by reference containing any untrue statement of a material fact or omitting to state any material fact required to be stated therein or necessary to make the Company statements therein, in light of the circumstances under which they were made, not misleading (which notice may be accompanied by an instruction that such notice constitutes material non-public information and to suspend the use of the Prospectus until the requisite changes have been made, and which instruction shall require that such holders shall not communicate such material non-public information to any third party and shall not sell or purchase, or offer to sell or purchase, any securities of the Registrants after receipt of such notice) and (vii) if the Registrants reasonably determine that the filing of a post-effective amendment to such Registration Statement would be appropriate;
(d) if a Shelf Registration Statement will be is filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i))3, state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially use their reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension order preventing or suspending the use of a Prospectus or suspending the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for saleand, in either case at the earliest possible momentif any such order is issued, and provide prompt notice to each Notice Holder and the Initial Purchaser of use reasonable efforts to obtain the withdrawal of any such order.order at the earliest practicable moment;
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to if a Shelf Registration Statement such information as the Initial Purchaseris filed pursuant to Section 3, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for selling holder of Registrable Securities who so requests (at such holder's address set forth in the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the HoldersSecurities Register) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement or Registration Statements and any each post-effective amendment thereto, including financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company including those incorporated by such Notice Holder, such counsel or the Initial Purchaserreference).;
(gf) During the Effectiveness Periodif a Shelf Registration Statement is filed pursuant to Section 3, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale selling holder of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser persons may reasonably request; , and subject to the Company last paragraph of this Section 5, the Registrants hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) consent to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holderof the selling holders of Registrable Securities and the underwriters, if any, in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in the manner set forth therein.thereto;
(hg) Prior prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use commercially reasonable efforts to register or qualify qualify, or cooperate with the Notice Holders selling holders of Registrable Securities, the underwriters, if any, and their respective counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky blue sky laws of such jurisdictions within the United States as any Notice Holder the selling holders reasonably requests request in writing (which request may provided that if Registrable -------- Securities are offered other than through an Underwritten Offering, the Registrants agree to cause their counsel to perform blue sky investigations and file registrations and qualifications required to be included in the Notice and Questionnairefiled pursuant to this Section 5(g)); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with period such Notice Holder's offer and sale of Registrable Securities pursuant Registration Statement is required to such registration or qualification (or exemption therefrom) be kept effective; and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions jurisdiction of such the Registrable Securities in covered by the manner set forth in applicable Registration Statement; provided, however, -------- ------- that none of the relevant Shelf Registration Statement and the related Prospectus; provided that the Company Registrants will not be required to (i) qualify as a foreign corporation or as limited liability company, or to do business, to file a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement general consent or (ii) take any action that which would subject it to general service of process in suits any jurisdiction or take any action which would subject itself to taxation in any such jurisdiction where it jurisdiction;
(h) if a Shelf Registration Statement is filed pursuant to Section 3, cooperate with the Pass Through Trustee and the selling holders of Registrable Securities to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold, which certificates shall not then so subject.bear any restrictive legends and shall be in a form eligible for deposit with The Depository Trust Company, and enable such Registrable Securities to be in such authorized denominations and registered in such names as the holders may reasonably request at least three business days prior to any such sale;
(i) Upon (A) the issuance by the SEC of if a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect is filed pursuant to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act3, (B) upon the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"contemplated by Section 5(c), (i) in the case of clause (B) prepare a supplement or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf the Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into so that, as thereafter delivered to the purchasers of the Registrable Securities, such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does will not contain any an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. If the Registrants so notify the holders to suspend the use of the Prospectus after the occurrence of such an event, the holders shall suspend use of the Prospectus, and (z) in the case of clause (C) abovenot communicate such material non-public information to any third party, as soon asand not sell or purchase, in the reasonable discretion or offer to sell or purchase, any securities of the CompanyRegistrants, until the Registrants have amended or supplemented the Prospectus to correct such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period misstatement or one hundred twenty (120) days in the aggregate in any twelve (12) month period.omission;
(j) Make available use their reasonable best efforts to cause the Registrable Securities covered by the Registration Statement to continue to be rated by the rating agencies that initially rated the Initial Securities during the period that the Registration Statement is required hereunder to remain effective (it being acknowledged, however, that the foregoing shall not be deemed to require the Registrants to maintain the rating of such Registrable Securities at the rating given the Initial Securities);
(k) prior to the effective date of the first Registration Statement relating to the Registrable Securities or the Exchange Securities, as the case may be, (i) provide the Pass Through Trustee with printed certificates for inspection during normal business hours such securities in definitive form or in a global form eligible for deposit with The Depository Trust Company and (ii) provide a CUSIP number for such Registrable Securities or Exchange Securities represented by representatives for such certificates;
(l) if a Shelf Registration Statement is filed pursuant to Section 3, enter into such reasonably required agreements and take all other appropriate actions in order to expedite or facilitate the Notice Holders registration or the disposition of such Registrable Securities;
(m) in the event of any Underwritten Offering (which shall only be undertaken at the option of the Registrants), if a Shelf Registration Statement is filed pursuant to Section 3, make available prior to the filing thereof for inspection by a representative of the holders of a majority in aggregate principal amount of the Registrable Securities being sold, and any broker-dealersthe Special Counsel, attorneys and accountants retained by such Notice Holderson the one hand, or underwriter, on the other hand (collectively, the "Inspectors"), during reasonable business hours, all relevant financial and other records and ---------- records, pertinent corporate documents and properties of the Company and its subsidiariesRegistrants (collectively, the "Records"), and cause the appropriate officers, directors and employees ------- of the Company and its subsidiaries Registrants to make available for inspection during normal business hours supply all relevant information as shall be reasonably requested by such representatives for the Notice Holders, or necessary to enable them to exercise any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "applicable due diligence" examinationsdiligence responsibilities; provided, however, that as a condition to supplying such persons shall-------- ------- information, at the Company's request, first agree Registrants shall receive an agreement in writing with from the Company Special Counsel and by any holders of Registrable Securities agreeing that any information that is reasonably and in good faith designated by the Company Registrants, in writing good faith, as confidential at the time of delivery of such information shall be kept confidential by such persons inspector (other than as to holders of Registrable Securities who have so agreed) and shall be used solely for the purposes by such holders of exercising rights under this AgreementRegistrable Securities receiving such information, unless (i) disclosure of such information is required pursuant to applicable law or by court or administrative order or is necessary to respond to inquiries of regulatory authoritiesorder, (ii) disclosure of such information is, in the reasonable opinion of counsel to the Registrants, necessary to avoid or correct a misstatement or omission of a material fact in the Registration Statement, Prospectus or any supplement or post-effective amendment thereto or disclosure is otherwise required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement)law, (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any inspector or any such person holder of Registrable Securities in violation of this Section 5(m) or (iv) such information becomes available is approved for release by the Registrants, in writing;
(n) use their best efforts to any such person from a source other cause the Pass Through Trust Agreements or the trust indenture provided for in Section 2, as the case may be, to be qualified under the TIA not later than the Company effective date of such Registration Statement; and, in connection therewith, cooperate with the Pass Through Trustee under the Pass Through Trust Agreements and the holders of the Registrable Securities to effect such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust changes to the CompanyPass Through Trust Agreements as may be required for the Pass Through Trust Agreements to be so qualified in accordance with the terms of the TIA and execute, and use their best efforts to cause such Pass Through Trustee to execute, all documents as may be required to effect such changes, and all other forms and documents required to be filed with the Commission to enable the Pass Through Trust Agreements or the trust indenture provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to for in Section 5.2 to be so qualified in a timely manner; and
(ko) Comply otherwise use their reasonable best efforts to comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) Commission. For purposes of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statementcovenants set forth in this Section 5, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant references to a Shelf Registration Statement, including a Shelf Registration Statement filed pursuant to Section 3, shall be deemed to include any Registration Statement, filed pursuant to Section 2, which certificates covers, for the period set forth therein, resales of Exchange Securities held by Restricted Persons as provided in Section 2, and, in connection with such Restricted Persons shall not bear any restrictive legendsbe entitled to exercise all rights, receive all notices and copies of documents, and cause otherwise receive all benefits afforded to sellers or holders of Registrable Securities under this Section 5 in connection with a Shelf Registration Statement. Without limiting the generality of the foregoing, the Registrants agree to fulfill their obligations set forth in Sections 5(a), (b), (c), (d), (e), (f), (h), (j), (l) and (m) with respect to any such Registration Statement filed pursuant to Section 2 insofar as it covers such resales. The Registrants may require each seller of Registrable Securities as to which any registration is being effected, as a condition thereto, to furnish to the Registrants such information regarding the holder and the distribution of such Registrable Securities as the Registrants may, from time to time, request in writing, including without limitation stating that (i) it is not an Affiliate of either Registrant, (ii) the amount of Registrable Securities held by such holder prior to the Exchange Officer, (iii) the amount of Registrable Securities owned by such holder to be exchanged in the Exchange Offer and representing that such denominations as are permitted holder is not engaged in, and does not intend to engage in, and has no arrangement or understanding with any Person to participate in, a distribution of the Exchange Securities to be issued, and (iv) it is acquiring the Exchange Securities in its ordinary course of business and to covenant and agree to promptly notify the Registrants if any such information so provided by such seller ceases to be true and correct and will promptly thereafter furnish the Indenture and registered in Registrants with corrected information. The Registrants may exclude from such names as registration the Registrable Securities of any holder who fails to furnish such Notice Holder may request in writing at least (2) Business Days prior to any sale information within a reasonable time after receiving such request. Each holder of Registrable Securities agrees by acquisition of such Registrable Securities.
(mSecurities that, upon receipt of any notice from the Registrants of the happening of any event of the kind described in Section 5(c)(iii), 5(c)(iv), 5(c)(vi) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date or 5(c)(vii) hereof, such holder shall forthwith discontinue disposition of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings rRegis
Appears in 2 contracts
Sources: Registration Rights Agreement (Dynegy Danskammer LLC), Certificate Purchase Agreement (Dynegy Danskammer LLC)
Registration Procedures. In connection with the registration obligations of the Company under Section 2 with respect to any Registration Statement pursuant to Sections 2.1 and 2.2 hereof, the Company shall:
(a) Prepare and file with the SEC a Shelf as soon as practicable each such Registration Statement (but in any event on or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form prior to the date of filing thereof required under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, this Agreement) and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided PROVIDED, HOWEVER, that before filing any Shelf such Registration Statement or any Prospectus or any amendments or supplements thereto (including documents that would be incorporated or deemed to be incorporated therein by reference, including such documents filed under the Exchange Act that would be incorporated therein by reference), the Company shall afford promptly to the Holders of the Registrable Securities covered by such Registration Statement, their counsel and the managing underwriter or underwriters, if any, an opportunity to review copies of all such documents proposed to be filed a reasonable time prior to the proposed filing thereof. The Company shall not file any Registration Statement or Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish to the Initial Purchaser and counsel for if the Holders and for of a majority of the Initial Purchaser (orRegistrable Securities covered by such Registration Statement, their counsel, or the managing underwriter or underwriters, if applicableany, separate counsel for the Holders) copies of all shall reasonably object in writing unless failure to file any such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days amendment or supplement would involve a violation of the delivery of such copies to the Initial Purchaser and such counselSecurities Act or other applicable law.
(b) Prepare and file with the SEC such amendments and post-effective amendments to each Shelf such Registration Statement as may be necessary to keep such Shelf Registration Statement continuously effective until for the expiration of the Effectiveness Periodtime periods prescribed hereby; cause the related Prospectus to be supplemented by any required Prospectus prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) promulgated under the Securities Act; and use commercially reasonable efforts to comply with the provisions of the Securities Act, the Exchange Act and the rules and regulations of the SEC promulgated thereunder applicable to it with respect to the disposition of all securities covered by such Shelf Registration Statement during the Effectiveness Period in accordance with the intended methods of disposition by the sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented.
(c) As promptly as practicable give notice to the Notice Holders, the Initial Purchaser and counsel for Notify the Holders of Registrable Securities, their counsel and for the Initial Purchaser (ormanaging underwriter or underwriters, if applicableany, separate counsel for the Holderspromptly (but in any event within two (2) Business Days), and confirm such notice in writing, (i) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement prospectus supplement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC filed, and, with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared effectivebecome effective (including in such notice a written statement that any Holder may, upon request, obtain, without charge, one conformed copy of such Registration Statement or post-effective amendment including financial statements and schedules and exhibits), (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf such Registration Statement or of any order preventing or suspending the use of any Prospectus or the initiation or threatening of any proceedings for that purpose, (iii) if at any time when a prospectus is required by the Securities Act to be delivered in connection with sales of the Registrable Securities the representations and warranties of the Company contained in any agreement (including any underwriting agreement) contemplated by Section 3(m) below cease to be true and correct in any material respect, (iv) of the receipt by the Company of any notification with respect to (A) the suspension of the qualification or exemption from qualification of the Registration Statement or any of the Registrable Securities covered thereby for offer or sale in any jurisdiction jurisdiction, or (B) the initiation or threatening of any proceeding for such purpose, (v) after of the effective date happening of any Shelf Registration Statement filed pursuant to this Agreement of event, the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal existence of any order suspending condition or information becoming known that requires the effectiveness making of a Shelf any change in any Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) so that, in the written opinion case of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, it will conform in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate all material respects with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) requirements of the Securities Act, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes Act and it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does that in the case of any Prospectus, it will conform in all material respects with the requirements of the Securities Act and it will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (zvi) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, 's reasonable determination that a post-effective amendment to such suspension is no longer Registration Statement would be appropriate. The period during which .
(d) Use every reasonable effort to prevent the availability issuance of any order suspending the effectiveness of the Shelf Registration Statement or of any order preventing or suspending the use of a Prospectus or suspending the qualification (or exemption from qualification) of any of the Registrable Securities covered thereby for sale in any jurisdiction, and, if any such order is issued, to obtain the withdrawal of any such order at the earliest possible moment.
(e) If requested by the managing underwriter or underwriters, if any, or the Holders of a majority of the Registrable Securities being sold in connection with an underwriting offering, (i) promptly incorporate in a prospectus supplement or post-effective amendment such information as the managing underwriter or underwriters, if any, or such Holders reasonably request to be included therein to comply with applicable law, (ii) make all required filings of such prospectus supplement or such post-effective amendment as soon as practicable after the Company has received notification of the matters to be incorporated in such prospectus supplement or post-effective amendment, and (iii) supplement or make amendments to such Registration Statement.
(f) Furnish to each Holder of Registrable Securities who so requests and to counsel for the Holders of Registrable Securities and each managing underwriter, if any, without charge, upon request, one conformed copy of the Registration Statement and any Prospectus may each post-effective amendment thereto, including financial statements and schedules, and of all documents incorporated or deemed to be suspended incorporated therein by reference and all exhibits (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month periodincluding exhibits incorporated by reference).
(jg) Make available for inspection during normal business hours Deliver to each Holder of Registrable Securities, their counsel and each underwriter, if any, without charge, as many copies of each Prospectus and each amendment or supplement thereto as such Persons may reasonably request; and, subject to the last paragraph of this Section 3, the Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by representatives for each of the Notice Holders of Registrable Securities and the underwriter or underwriters or agents, if any, in connection with the offering and sale of the Registrable Securities covered by such Prospectus and any amendment or supplement thereto.
(h) Prior to any offering of Registrable Securities, to register or qualify, and cooperate with the Holders of such Registrable Securities, the managing underwriter or underwriters, if any, and their respective counsel in connection with the registration or qualification (or exemption from such registration or qualification) of, such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as the managing underwriter or underwriters reasonably request in writing, or, in the event of a non-underwritten offering, as the Holders of a majority of such Registrable Securities may request; PROVIDED, HOWEVER, that where Registrable Securities are offered other than through an underwritten offering, the Company agrees to cause its counsel to perform Blue Sky investigations and file registrations and qualifications required to be filed pursuant to this Section 3(h); keep each such registration or qualification (or exemption therefrom) effective during the period the Registration Statement relating to such Registrable Securities is required to be kept effective pursuant to this Agreement and do any and all other acts or things necessary or advisable to enable the disposition in such jurisdictions of the securities covered thereby; PROVIDED, HOWEVER, that the Company will not be required to (A) qualify generally to do business in any jurisdiction where it is not then so qualified, (B) take any action that would subject it to general service of process in any such jurisdiction where it is not then so subject or (C) become subject to taxation in any jurisdiction where it is not then so subject.
(i) Cooperate with the Holders of Registrable Securities and the managing underwriter or underwriters, if any, to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold, which certificates shall not bear any restrictive legends whatsoever and shall be in a form eligible for deposit with The Depository Trust Company ("DTC"); and enable such Registrable Securities to be in such denominations and registered in such names as the managing underwriter or underwriters, if any, or Holders may reasonably request at least two business days prior to any sale of Registrable Securities in a firm commitment underwritten public offering.
(j) Use its best efforts to cause the Registrable Securities covered by a Registration Statement to be registered with or approved by such other governmental agencies or authorities within the United States as may be necessary to enable the seller or sellers thereof or the underwriter or underwriters, if any, to consummate the disposition of such Registrable Securities, except as may be required solely as a consequence of the nature of such selling Holder's business, in which case the Company will cooperate in all reasonable respects with the filing of the Registration Statement and the granting of such approvals.
(k) Upon the occurrence of any event contemplated by Section 3(c)(v) or 3(c)(vi) above, as promptly as practicable prepare a supplement or post-effective amendment to the Registration Statement or a supplement to the related Prospectus or any document incorporated or deemed to be 'incorporated therein by reference, and, subject to Section 3(a) hereof, file such with the SEC so that, as thereafter delivered to the purchasers of Registrable Securities being sold thereunder, such Prospectus will 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, in light of the circumstances under which they were made, not misleading and will otherwise comply with law.
(1) Prior to the effective date of a Registration Statement, (i) provide the registrar for the Registrable Securities with certificates for such securities in a form eligible for deposit with DTC and (ii) provide a CUSIP number for such securities.
(m) Enter into an underwriting agreement in form, scope and substance as is customary in underwritten offerings and take all such other actions as are reasonably requested by the managing underwriter or underwriters in order to expedite or facilitate the registration or disposition of such Registrable Securities in any underwritten offering to be made of the Registrable Securities in accordance with this Agreement, and in such connection, (i) make such representations and warranties to, and covenants with, the underwriter or underwriters, with respect to the business of the Company and the subsidiaries of the Company, and the Registration Statement, Prospectus and documents, if any, incorporated or deemed to be incorporated by reference therein, in each case, in form, substance and scope as are customarily made by issuers to underwriters in underwritten offerings, and confirm the same if and when requested: (ii) use reasonable efforts to obtain opinions of counsel to the Company and updates thereof, addressed to the underwriter or underwriters covering the matters customarily covered in opinions requested in underwritten offerings and such other matters as may be reasonably requested by underwriters; (iii) use reasonable efforts to obtain "cold comfort letters and updates thereof from the independent certified public accountants of the Company (and, if applicable, the subsidiaries of the Company) and, if necessary, any other independent certified public accountants of any subsidiary of the Company or of any business acquired by the Company for which financial statements and financial data are, or are required to be, included in the Registration Statement, addressed to each of the underwriters, such letters to be in customary form and covering matters of the type customarily covered in "cold comfort" letters in connection with underwritten offerings and such other matters as reasonably requested by the managing underwriter or underwriters and as permitted by the Statement of Auditing Standards No. 72; and (iv) if an underwriting agreement is entered into, the same shall contain customary indemnification provisions and procedures no less favorable than those set forth in Section 5 (or such other provisions and procedures acceptable to Holders of a majority of Registrable Securities covered by such Registration Statement and the managing underwriter or underwriters or agents) with respect to all parties to be indemnified pursuant to said Section. The above shall be done at each closing under such underwriting agreement, or as and to the extent required thereunder.
(n) Make available for inspection by a representative of the Holders of Registrable Securities being sold, any underwriter participating in any such disposition of Registrable Securities, if any, and any broker-dealers, attorneys and accountants attorney or accountant retained by such Notice Holdersrepresentative of the Holders or underwriter (collectively, the "INSPECTORS"), at the offices where normally kept, during reasonable business hours, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiariesthe subsidiaries of the Company, and cause the appropriate officers, directors and employees of the Company and its the subsidiaries of the Company to make available for inspection during normal business hours supply all relevant information in each case reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants Inspector in connection with such dispositionRegistration Statement; PROVIDED, in each case as is customary for similar "due diligence" examinations; provided, howeverHOWEVER, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such all information shall be kept confidential by such persons and shall be used solely for Inspector, except to the purposes of exercising rights under this Agreement, unless extent that (i) the disclosure of such information is necessary to avoid or correct a misstatement or omission in the Registration Statement, (ii) the release of such information is ordered pursuant to a subpoena or other order from a court of competent jurisdiction, (iii) disclosure of such information is required by court is, in the opinion of counsel for any Inspector, necessary or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws advisable in connection with any action, claim, suit or proceeding, directly or indirectly, involving or potentially involving such Inspector and arising out of, based upon, relating to or involving this Agreement or any of the filing of any Shelf Registration Statement transactions contemplated hereby or the use of any Prospectus referred to in this Agreement)arising hereunder, (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes has been made generally available to the public. Each Selling Holder of such Registrable Securities agrees that information obtained by it as a result of such inspections shall be deemed confidential and shall not be used by it as the basis for any market transactions in the securities of the Company or of any of its affiliates unless and until such person from is generally available to the public. Each Selling Holder of such Registrable Securities further agrees that it will, upon learning that disclosure of such information is sought in a source other than court of competent jurisdiction, give prompt notice to the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty allow the Company to undertake appropriate action to prevent disclosure of trust to the information deemed confidential at the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5's sole expense.
(ko) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning earnings statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 forty-five (45) days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings re
Appears in 2 contracts
Sources: Registration Rights Agreement (Packaged Ice Inc), Registration Rights Agreement (Packaged Ice Inc)
Registration Procedures. In connection with If and whenever the registration obligations holders of Registrable Securities request that any Registrable Securities be registered pursuant to the Company under Section 2 hereofprovisions of this Agreement, the Company shall:
(a) Prepare shall use its reasonable best efforts to effect the registration and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the such Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution disposition thereof, and use commercially pursuant thereto the Company shall as soon as reasonably practicable:
(a) within a reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that time before filing any Shelf such Registration Statement or Statement, Prospectus or any amendments or supplements thereto with the SECthereto, the Company shall furnish to the Initial Purchaser and one counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) selected by holders of a majority of such Registrable Securities copies of all such documents proposed to be filed filed, which documents shall be subject to the review, comment and use commercially reasonable efforts to reflect in each approval of such document when so filed with the SEC such comments counsel, and make all changes thereto as the such counsel reasonably shall propose within three (3) Business Days may request in writing to the extent such changes are required, in the reasonable judgment of the delivery of such copies to Company’s counsel, by the Initial Purchaser and such counsel.Securities Act;
(b) Prepare and file cause any such Registration Statement, Prospectus or amendments or supplements thereto, as of the effective date of such Registration Statement, Prospectus, amendment or supplement, (i) to comply in all material respects with the SEC such amendments and post-effective amendments to each Shelf Registration Statement as may be necessary to keep such Shelf Registration Statement continuously effective until the expiration of the Effectiveness Period; cause the related Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; and use commercially reasonable efforts to comply with the provisions applicable requirements of the Securities Act applicable to it with respect to and the disposition rules and regulations of all securities covered by such Shelf Registration Statement during the Effectiveness Period in accordance with the intended methods of disposition by the sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented.
(c) As promptly as practicable give notice to the Notice Holders, the Initial Purchaser Commission promulgated thereunder and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) (i) when any Prospectus, Prospectus supplement, Shelf Registration Statement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements not to any Shelf Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of any proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any a material fact required to be stated therein (in the case of a Registration Statement, Prospectus, amendment or supplement) or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading;
(c) notify each selling holder of Registrable Securities, or (C) promptly after the occurrence or existence of any pending corporate development thatCompany receives notice thereof, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf time when such Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-has been declared effective amendment to such Shelf Registration Statement or a supplement to any Prospectus forming a part of such Registration Statement has been filed;
(d) furnish to each selling holder of Registrable Securities such number of copies of the related Prospectus or included in such Registration Statement (including each preliminary Prospectus) and any document incorporated therein by reference or file any other required document that would be supplement thereto (in each case including all exhibits and documents incorporated by reference into therein) and such Shelf other documents as such seller may reasonably request in order to facilitate the disposition of the Registrable Securities owned by such seller;
(e) use its reasonable best efforts to register or qualify such Registrable Securities under such other securities or “blue sky” laws of such jurisdictions as any selling holder reasonably requests and do any and all other acts and things which may be reasonably necessary or advisable to enable such holders to consummate the disposition in such jurisdictions of the Registrable Securities owned by such holders; provided, that the Company shall not be required to qualify generally to do business, subject itself to general taxation or consent to general service of process in any jurisdiction where it would not otherwise be required to do so but for this Section 6(e);
(f) notify each selling holder of such Registrable Securities, at any time when a Prospectus relating thereto is required to be delivered under the Securities Act, of the happening of any event as a result of which the Prospectus included in such Registration Statement and contains an untrue statement of a material fact or omits any fact necessary to make the statements therein not misleading, and, at the request of any such holder, the Company shall prepare a supplement or amendment to such Prospectus so that that, as thereafter delivered to the purchasers of such Shelf Registration Statement does Registrable Securities, such Prospectus shall not contain any an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading;
(g) in connection with an underwritten offering, and such Prospectus does not contain make available for inspection by any untrue statement selling holder of a material fact or omit to state Registrable Securities, the underwriters participating in any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities disposition pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period attorney, accountant or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants other agent retained by any such Notice Holdersholder or underwriter (collectively, the “Inspectors”), all relevant financial and other records and records, pertinent corporate documents and properties of the Company and its subsidiaries(collectively, the “Records”), and cause the appropriate Company’s officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours supply all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants Inspector in connection with such disposition, in each case as is customary Registration Statement;
(h) provide and cause to be maintained a transfer agent and registrar (which may be the same entity) for similar "due diligence" examinations; provided, however, that all such persons shall, at Registrable Securities from and after a date not later than the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery effective date of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless registration;
(i) disclosure of use its reasonable best efforts to cause such information Registrable Securities to be listed on each securities exchange on which the Common Stock is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, then listed;
(iij) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with an underwritten offering, enter into such customary agreements (including underwriting and lock-up agreements in customary form) and take all such other customary actions as the filing holders of any Shelf Registration Statement such Registrable Securities or the use managing underwriter of any Prospectus referred such offering reasonably request in order to in this Agreement)expedite or facilitate the disposition of such Registrable Securities (including, (iii) such information becomes generally without limitation, making appropriate officers of the Company available to participate in “road show” and other customary marketing activities (including one-on-one meetings with prospective purchasers of the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.Registrable Securities);
(k) Comply otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the SEC Commission and make generally available to its securityholders earning statements stockholders an earnings statement (which need not be audited) satisfying in a form that satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Actthereunder) no later than 45 thirty (30) days after the end of any the 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on beginning with the first day of the Company’s first full fiscal quarter of the Company commencing after the effective date of a Shelf such Registration Statement, which statements earnings statement shall cover said 12-month periods.period, and which requirement will be deemed to be satisfied if the Company timely files complete and accurate information on Forms 10-Q, 10-K and 8-K under the Exchange Act and otherwise complies with Rule 158 under the Securities Act; and
(l) Cooperate in connection with an underwritten offering, furnish to each Notice Holder to facilitate the timely preparation and delivery selling holder of certificates representing Registrable Securities sold pursuant and each underwriter with (i) a legal opinion of the Company’s outside counsel, dated the date of the closing under the underwriting agreement, in form and substance as is customarily given in opinions of the Company’s counsel to underwriters in underwritten public offerings; and (ii) a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted “comfort” letter signed by the Indenture Company’s independent certified public accountants in form and registered substance as is customarily given in such names as such Notice Holder may request accountants’ letters to underwriters in writing at least (2) Business Days prior to any sale of such Registrable Securities.underwritten public offerings;
(m) Provide a CUSIP number for all notify the holders of Registrable Securities covered promptly of any request by each Shelf the Commission for the amending or supplementing of such Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent or Prospectus or for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.additional information;
(n) Cooperate advise the holders of Registrable Securities, promptly after it shall receive notice or obtain knowledge thereof, of the issuance of any stop order by the Commission suspending the effectiveness of such Registration Statement or the initiation or threatening of any proceeding for such purpose and assist in promptly use its reasonable best efforts to prevent the issuance of any filings rstop order or to obtain its withdrawal at the earliest possible moment if such stop order should be issued; and
(o) otherwise use its reasonable best efforts to take all other steps necessary to effect the registration of such Registrable Securities contemplated hereby.
Appears in 2 contracts
Sources: Registration Rights Agreement (Key Energy Services Inc), Registration Rights Agreement (MHR Fund Management LLC)
Registration Procedures. In connection with the registration obligations of the Company under Section 2 hereof, the Company shall:
(a) Prepare and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable its best efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish to the Initial Purchaser Purchasers and counsel for the Holders and for the Initial Purchaser Purchasers (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially its reasonable best efforts to reflect in each such document when so filed with the SEC such comments as the Initial Purchasers or such counsel reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser Purchasers and such counsel.
(b) Prepare and file with the SEC such amendments and post-effective amendments to each Shelf Registration Statement as may be necessary to keep such Shelf Registration Statement or Subsequent Shelf Registration Statement continuously effective until the expiration of the Effectiveness Period; cause the related Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; and use commercially reasonable its best efforts to comply with the provisions of the Securities Act applicable to it with respect to the disposition of all securities covered by such Shelf Registration Statement during the Effectiveness Period in accordance with the intended methods of disposition by the sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented.
(c) As promptly as practicable give notice to the Notice Holders, the Initial Purchaser Purchasers and counsel for the Holders and for the Initial Purchaser Purchasers (or, if applicable, separate counsel for the Holders) (i) when any Prospectus, Prospectus supplement, Shelf Registration Statement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf Registration Statement or any post-effective amendment, amendment or when the same has been declared effective, (ii) of any request, following the effectiveness of the Initial a Shelf Registration Statement under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any such Shelf Registration Statement or the related Prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of any proceedings for that purpose, (iv) of the receipt by the Company or its legal counsel of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement or a Subsequent Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially its reasonable best efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser Purchasers of the withdrawal of any such order.
(e) If reasonably requested by the Initial Purchaser Purchasers or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or a post-effective amendment to a Shelf Registration Statement such information as the Initial PurchaserPurchasers, such Notice Holder or counsel for the Holders and for the Initial Purchaser Purchasers (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser Purchasers (or, if applicable, separate counsel for the Holders) and the Initial PurchaserPurchasers, without charge, at least one (1) conformed copy of the any Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial PurchaserPurchasers).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser Purchasers (or, if applicable, separate counsel for the Holders) and the Initial PurchaserPurchasers, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser Purchasers may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the a Shelf Registration Statement, use commercially its reasonable best efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the a Shelf Registration Statement, use commercially its reasonable best efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's ’s offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities generally to do business in any jurisdiction where it would is not otherwise be required to qualify but for this Agreement then so qualified or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the any Shelf Registration Statement or the initiation of proceedings with respect to the any Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development (a “Material Event”) that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the any Shelf Registration Statement and the related Prospectus (a "Material Event")Prospectus, (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially its reasonable best efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser Purchasers (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "“Suspension Notice"”) and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's ’s receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially its reasonable best efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "“Suspension Period"”) without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three (3) month period or one hundred twenty and an aggregate of sixty (12060) days in the aggregate in any twelve (12) month period. The Effectiveness Period shall be extended by the number of days from and including the date of the giving of the Suspension Notice to and including the date on which the Notice Holder received copies of the supplemented or amended Prospectus provided in clause (i) above, or the date on which it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, Securities and any underwriters participating in any disposition pursuant to any Shelf Registration Statement and any broker-dealers, attorneys and accountants retained by such Notice HoldersHolders or any such underwriters, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such underwriters, broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "“due diligence" ” examinations; provided, however, that such persons shall, at the Company's ’s request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of governmental or regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement) or necessary to defend or prosecute a claim brought against or by any such persons (e.g., to establish a “due diligence” defense), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings rrepresen
Appears in 2 contracts
Sources: Registration Rights Agreement (Bradley Pharmaceuticals Inc), Registration Rights Agreement (Bradley Pharmaceuticals Inc)
Registration Procedures. In connection with the registration obligations of the Company with respect to any registration pursuant to this Agreement, the Company shall use its commercially reasonable efforts to effect or cause to be effected the registration of the Registrable Shares under Section 2 hereofthe Securities Act to permit the sale of such Registrable Shares by the Holder or Holders in accordance with this Agreement and the Holder’s or Holders’ intended method or methods of distribution, and the Company shall:
(a) Prepare (i) at least ten (10) Business Days prior to filing, provide notice of its intention to file a Resale Registration Statement to the relevant underwriters (each, a “Review Party”), (ii) at least five (5) Business Days prior to filing, provide a copy of the Resale Registration Statement to the Review Parties and Review Counsel for review and comment; (iii) as promptly as practicable, prepare and file with the SEC Commission, as specified in this Agreement, a Shelf Resale Registration Statement or Shelf Statement(s), which Resale Registration Statements on Form S-1 or S-3 or any other appropriate Statement(s) shall (A) comply as to form under in all material respects with the requirements of the Securities Act available for and the sale of the Registrable Securities applicable form and include all financial statements required by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed Commission to be filed therewith and use commercially reasonable efforts (B) be reasonably acceptable to reflect in each such document when so filed with the SEC such comments as the such Review Parties, their counsel reasonably shall propose within and Review Counsel; (iv) at least three (3) Business Days prior to filing, provide a copy of any amendment or supplement to the Review Parties, their counsel and Review Counsel for review and comment; (v) promptly following receipt from the Commission, provide to the Review Parties, their counsel and Review Counsel copies of any comments made by the Staff of the delivery Commission relating to such Resale Registration Statement and of the Company’s responses thereto for review and comment; and (vi) use its commercially reasonable efforts to cause such Resale Registration Statement to become effective as soon as practicable after filing and to remain effective, subject to Section 5 hereof, until the earlier of (A) such time as all Registrable Shares covered thereby have been sold in accordance with the method or methods of distribution of such copies Registrable Shares contemplated by the Resale Registration Statement; (B) there are no Registrable Shares outstanding; provided, however, that the Company shall not be required to cause the IPO Registration Statement to remain effective for any period longer than 180 days following the effective date of the IPO Registration Statement (subject to extension as provided in Section 5(c) hereof); or (C) the first anniversary of the effective date of such Resale Registration Statement (subject to extension as provided in Section 5(c) hereof and the condition that the Registrable Shares have been transferred to an unrestricted CUSIP and are listed or included on a National Securities Exchange pursuant to Section 4(o) of this Agreement), and the counsel to the Initial Purchaser Company shall have delivered a legal opinion to the Review Parties in form and substance reasonably acceptable to the Review Parties, their counsel and Review Counsel that the Registrable Shares can be sold under Rule 144 without limitation as to manner of sale, volume or current public information; provided, further, that if the Company has an effective Shelf Registration Statement on Form N-2 (or other form then available to the Company) under the Securities Act and becomes eligible to use Form N-2 to make offerings as described in General Instruction I.B of Form S-3 or such counsel.other short-form registration statement form under the Securities Act, the Company may, upon thirty (30) Business Days prior written notice to all Holders, register any Registrable Shares registered but not yet distributed under the effective Shelf Registration Statement on such a short-form Shelf Registration Statement and, once the short-form Shelf Registration Statement is declared effective, de-register such shares under the previous Resale Registration Statement or transfer the filing fees from the previous Resale Registration Statement (such transfer pursuant to Rule 429, if applicable) unless any Holder registered under the initial Shelf Registration Statement notifies the Company within fifteen (15) Business Days of receipt of the Company notice that such a registration under a new Resale Registration Statement and de-registration of the initial Shelf Registration Statement would interfere with its distribution of Registrable Shares already in progress, in which case, the Company shall delay the effectiveness of the short-form Resale Registration Statement and termination of the then-effective initial Resale Registration Statement or any short-form Resale Registration Statement for a period of not less than thirty (30) days from the date that the Company receives the notice from such Holders requesting a delay;
(b) Prepare subject to Section 4(h) hereof, as promptly as practicable (i) prepare and file with the SEC Commission such amendments and post-effective amendments to each Shelf such Resale Registration Statement as may be necessary to keep such Shelf Resale Registration Statement continuously effective until in accordance with SEC Guidance for the expiration of the Effectiveness Periodperiod described in Section 4(a) hereof; (ii) cause the related each Prospectus contained therein to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities ActSEC Guidance; and use commercially reasonable efforts to (iii) comply with the provisions of the Securities Act applicable to it SEC Guidance with respect to the disposition of all securities covered by such Shelf each Resale Registration Statement during the Effectiveness Period applicable period in accordance with the intended method or methods of disposition distribution by the sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented.selling Holders thereof;
(c) As promptly as practicable give notice furnish to the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (orwithout charge, if applicable, separate counsel for the Holders) (i) when any as many copies of each Prospectus, Prospectus supplementincluding each preliminary Prospectus, Shelf Registration Statement and any amendment or post-effective amendment to a Shelf Registration Statement has been filed supplement thereto and such other documents as such Holder may reasonably request (including, without limitation, copies of all correspondence with the SEC andCommission and any other governmental authority in connection with the Resale Registration Statement), with respect in order to a Shelf Registration Statement facilitate the public sale or any post-effective amendment, when the same has been declared effective, (ii) of any request, following the effectiveness other disposition of the Initial Shelf Registration Statement under Registrable Shares, and hereby does consent to the Securities Actuse of such Prospectus, including each preliminary Prospectus, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional informationHolders, (iii) of if any, in connection with the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of any proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any offering and sale of the Registrable Securities for sale in Shares covered by any jurisdiction or the initiation or threatening of any proceeding for such purposeProspectus, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant subject to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.5 hereof;
(d) Use use its commercially reasonable efforts to prevent register or qualify, or obtain exemption from registration or qualification for, all Registrable Shares by the issuance of, and, if issued, to obtain time the withdrawal of any order suspending the effectiveness of a Shelf applicable Resale Registration Statement is declared effective by the Commission under all applicable state securities or “blue sky” laws of such jurisdictions as the lifting Review Parties or any Holder of any suspension of the Registrable Shares covered by a Resale Registration Statement shall reasonably request in writing, keep each such registration or qualification (or exemption from qualification) of any of effective during the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any period such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Resale Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be is required to be included therein by applicable law kept effective pursuant to Section 4(a) and make do any required filings and all other acts and things that may be reasonably necessary or advisable to enable such Holder to consummate the disposition in each such jurisdiction of such Prospectus supplement or Registrable Shares owned by such post-effective amendmentHolder; provided provided, however, that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify generally to do business in any jurisdiction or to register as a foreign corporation broker or as a dealer in securities in any such jurisdiction where it would not otherwise be required to qualify but for this Agreement or Section 4(d) and except as may be required by SEC Guidance, (ii) take any action that would subject it to general service of process in suits or itself to taxation in any such jurisdiction where it is not then so subject.or (iii) submit to the general service of process in any such jurisdiction;
(i) Upon notify the Review Parties and each Holder promptly and, if requested by any Review Party or any Holder, confirm such advice in writing (A) when a Resale Registration Statement has become effective and when any post-effective amendments and supplements thereto become effective, (B) of the issuance by the SEC Commission or any state securities authority of a any stop order suspending the effectiveness of the Shelf a Resale Registration Statement or the initiation of proceedings with respect any Proceeding for that purpose, (C) of any request by the Commission or any other federal, state or foreign governmental authority for (1) amendments or supplements to the Shelf a Resale Registration Statement under Section 8(dor related Prospectus or (2) or 8(eadditional information, and (D) of the Securities Act, (B) the occurrence happening of any event or during the existence of any fact period a Resale Registration Statement is effective as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Resale Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain contains any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and (which information shall be accompanied by an instruction to suspend the use of the Prospectus does until the requisite changes have been made); and (ii) at the request of any such Holder, promptly to furnish to such Holder a reasonable number of copies of a supplement to or an amendment of such Prospectus as may be necessary so that, as thereafter delivered to the purchaser of such securities, such Prospectus shall not contain any include an untrue statement of a material fact or omits omit to state any a material 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;
(f) use its commercially reasonable efforts to avoid the issuance of, or if issued, to obtain the withdrawal of, any order enjoining or suspending the use or effectiveness of a Resale Registration Statement or suspending the qualification of (or exemption from qualification of) any of the Registrable Shares for sale in any jurisdiction, as promptly as practicable;
(g) upon request, promptly furnish to each requesting Holder of Registrable Shares covered by a Resale Registration Statement, without charge, one conformed copy of such Resale Registration Statement and any post-effective amendment or supplement thereto (without documents incorporated therein by reference or exhibits thereto, unless requested); provided, such conformed copy may be delivered electronically in pdf form;
(h) except as provided in Section 5 hereof, upon the occurrence of any event contemplated by Section 4(e)(i)(D) hereof, use its commercially reasonable efforts promptly to prepare a supplement or post-effective amendment to a Resale Registration Statement or the related Prospectus or any document incorporated therein by reference or file any other required document so that, as thereafter delivered to the purchasers of the Registrable Shares, such Prospectus will not contain any 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, in the light of the circumstances under which they were made, not misleading;
(i) if requested by the Review Parties, or any Holders of Registrable Shares being sold in connection with such offering, (i) promptly incorporate in a Prospectus supplement or post-effective amendment such information as the representative of the underwriters, if any, or such Holders indicate relates to them or that they reasonably request be included therein and (zii) make all required filings of such Prospectus supplement or such post-effective amendment as soon as reasonably practicable after the Company has received notification of the matters to be incorporated in such Prospectus supplement or post-effective amendment;
(j) in the case of clause an Underwritten Offering, use its commercially reasonable efforts to furnish to each Holder of Registrable Shares covered by such Resale Registration Statement and the underwriters a signed counterpart, addressed to each such Holder and the underwriters, of (Ci) abovecustomary opinion and negative assurance letters of outside counsel for the Company, addressed to the underwriters, dated the date of each closing under the underwriting agreement, reasonably satisfactory to such Holder and the underwriters, and (ii) a “comfort” letter, addressed to the underwriters and the Board of Directors, dated the effective date of such Resale Registration Statement and the date of each closing under the underwriting agreement, signed by the independent public accountants who have certified the Company’s financial statements included in such Resale Registration Statement, covering substantially the same matters with respect to such Resale Registration Statement (and the Prospectus included therein) and with respect to events subsequent to the date of such financial statements, as soon asare customarily covered in accountants’ letters delivered to underwriters in underwritten public offerings of securities and such other financial matters as such Holder and the underwriters may reasonably request;
(k) enter into customary agreements (including in the case of an Underwritten Offering, an underwriting agreement in customary form and reasonably satisfactory to the Company) and take all other reasonable action in connection therewith in order to expedite or facilitate the distribution of the Registrable Shares included in such Resale Registration Statement and, in the reasonable discretion case of an Underwritten Offering, make representations and warranties to the Holders covered by such Resale Registration Statement and to the underwriters in such form and scope as are customarily made by issuers to underwriters in underwritten offerings and confirm the same to the extent customary if and when requested;
(l) make available for inspection by representatives of the Company, such suspension is no longer appropriate. The period during which Holders and the availability representative of the Shelf any underwriters participating in any disposition pursuant to a Resale Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period special counsel or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice HoldersHolders or underwriters, all relevant financial and other records and records, pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate respective officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours supply all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealersrepresentatives, attorneys the representative of the underwriters, counsel thereto or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinationsa Resale Registration Statement; provided, however, that such persons shallrecords, at the Company's request, first agree in writing with documents or information that the Company that any information that is reasonably and determines, in good faith designated by faith, to be confidential and notifies such representatives, representative of the Company in writing as underwriters, counsel thereto or accountants are confidential at the time of delivery of such information shall not be kept confidential disclosed by such persons and shall be used solely for representatives, representative of the purposes of exercising rights under this Agreementunderwriters, counsel thereto or accountants unless (i) the disclosure of such records, documents or information is required by court or administrative order or is necessary to respond to inquiries of regulatory authoritiesavoid or correct a misstatement or omission in a Resale Registration Statement or Prospectus, (ii) disclosure the release of such records, documents or information is required by law (including any disclosure requirements ordered pursuant to federal securities laws in connection with the filing a subpoena or other order from a court of any Shelf Registration Statement competent jurisdiction, or the use of any Prospectus referred to in this Agreement), (iii) such records, documents or information becomes have been generally made available to the public other than as a result public; provided, further, that the representatives of a disclosure or failure to safeguard by the Holders and any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust underwriters will use commercially reasonable efforts, to the Companyextent practicable, and provided that to coordinate the foregoing inspection and information gathering shall, to and not materially disrupt the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.Company’s business operations;
(m) Provide use its commercially reasonable efforts (including, without limitation, seeking to cure any deficiencies cited by the exchange or market in the Company’s listing or inclusion application) to list or include all Registrable Shares on The New York Stock Exchange, Nasdaq Global Select Market or the Nasdaq Global Market, and to maintain such listing;
(n) prepare and file in a timely manner all documents and reports required by the Exchange Act and, to the extent the Company’s obligation to file such reports pursuant to Section 15(d) of the Exchange Act expires prior to the expiration of the effectiveness period of the Registration Statement as required by Section 4(a) hereof, the Company shall register the Registrable Shares under the Exchange Act and shall maintain such registration through the effectiveness period required by Section 4(a) hereof;
(o) provide one or more CUSIP number numbers for all Registrable Securities covered by each Shelf Registration Statement Shares, not later than the effective date of such Shelf the Resale Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.Statement;
(np) Cooperate and assist in any filings r(i) otherwise use its commercially reasonable efforts to comply with all applicable SEC Guidance, (ii) make generally available to its stockholders, as soon as reasonably practicabl
Appears in 2 contracts
Sources: Registration Rights Agreement (Trinity Capital Inc.), Registration Rights Agreement (Trinity Capital Inc.)
Registration Procedures. In connection with the registration obligations of the Company under Section 2 hereof, the Company shall:
(a) Prepare If and file with whenever the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and Company is required to use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective effect the registration of any Registrable Securities under the Securities Act as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SECin this Section 2, the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel expeditiously as reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counsel.practicable:
(bi) Prepare prepare and file with the SEC such amendments and amendments, including post-effective amendments and/or replacement shelf registration statements, and supplements to each a Resale Shelf Registration Statement and the prospectus used in connection therewith as may be necessary to keep such Resale Shelf Registration Statement continuously effective until the expiration of the Effectiveness Period; cause the related Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; and use commercially reasonable efforts to comply in all material respects with the provisions of the Securities Act applicable to it with respect to the disposition of the Registrable Securities subject thereto for a period ending on the date on which all the Registrable Securities cease to be Registrable Securities; promptly incorporate in a prospectus supplement or post-effective amendment such information as the managing underwriter or underwriters and Rockwell agree should be included therein relating to the plan of distribution with respect to such Registrable Securities; and make all required filings of such prospectus supplement or post-effective amendment as soon as reasonably practicable after being notified of the matters to be incorporated in such prospectus supplement or post-effective amendment;
(ii) respond as promptly as reasonably practicable to any comments received from the SEC with respect to each Registration Statement or any amendment thereto and promptly provide Rockwell true and complete copies of all correspondence from and to the SEC relating to such Registration Statement;
(iii) furnish to Rockwell and each underwriter, if any, of the securities being sold by Rockwell such number of conformed copies of such Resale Shelf Registration Statement and of each amendment and supplement thereto, such number of copies of the prospectus contained in or deemed part of such Resale Shelf Registration Statement (including each preliminary prospectus and any summary prospectus) and each free writing prospectus (as defined in Rule 405 of the Securities Act) (a “Free Writing Prospectus”) utilized in connection therewith and any other prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents as Rockwell and each such underwriter, if any, may reasonably request in order to facilitate the public sale or other disposition of the Registrable Securities;
(iv) use commercially reasonable efforts to cause such Registrable Securities (if such Registrable Securities are shares of Common Stock) to be listed on each securities exchange on which shares of Common Stock are then listed;
(v) use commercially reasonable efforts to provide and cause to be maintained a transfer agent and registrar for all Registrable Securities covered by such Resale Shelf Registration Statement during from and after a date not later than the Effectiveness Period effective date of such Resale Shelf Registration Statement;
(vi) enter into such agreements (including an underwriting agreement) in accordance with form, scope and substance as is customary in underwritten offerings of shares of common stock by an issuer similar to the intended methods of disposition Company and use its commercially reasonable efforts to take all such other actions reasonably requested by Rockwell (including those reasonably requested by the sellers thereof set forth lead managing underwriter(s), if any) to expedite or facilitate the disposition of such Registrable Securities, and in such connection, whether or not an underwriting agreement is entered into and whether or not the registration is an underwritten offering, (A) make such representations and warranties to Rockwell and the underwriters, if any, with respect to the business, management, financial statements and prospects of the Company and its subsidiaries, and the Resale Shelf Registration Statement Statement, prospectus and documents, if any, incorporated or deemed to be incorporated by reference therein, in each case in form, substance and scope as so amended are customarily made by issuers in underwritten offerings, and, if true, confirm the same if and when requested, and (B) deliver such documents and certificates as reasonably requested by Rockwell, its counsel and the lead managing underwriter(s), if any, to evidence the continued accuracy of the representations and warranties made pursuant to sub-clause (A) and to evidence compliance with any customary covenants and satisfaction of any customary conditions contained in the underwriting agreement or other agreement entered into by the Company. The above shall be done at each closing under such Prospectus underwriting or similar agreement, or as so supplemented.and to the extent required thereunder;
(cvii) As promptly in connection with an underwritten offering, use commercially reasonable efforts to obtain for the underwriter(s) (A) opinions of counsel for the Company, covering the matters customarily covered in opinions requested in underwritten offerings and such other matters as practicable may be reasonably requested by such underwriters, and (B) ”comfort” letters and updates thereof (or, in the case of any such Person which does not satisfy the conditions for receipt of a “comfort” letter specified in Statement on Auditing Standards No. 72, an “agreed upon procedures” letter) signed by the independent public accountants who have certified the Company’s financial statements included in such Resale Shelf Registration Statement, covering the matters customarily covered in “comfort” letters in connection with underwritten offerings;
(viii) make available for inspection by Rockwell, any underwriter participating in any disposition pursuant to any Registration Statement, and any attorney, accountant or other agent or Representative retained in connection with such offering by Rockwell or each such underwriter (collectively, the “Inspectors”), financial and other records, pertinent corporate documents and properties of the Company (collectively, the “Records”), as shall be reasonably necessary, or as shall otherwise be reasonably requested, to enable them to exercise due diligence in connection with such Registration Statement, and cause the officers, directors and employees of the Company and its subsidiaries to supply all information in each case reasonably requested by any such Representative, underwriter, attorney, agent or accountant in connection with such Registration Statement; provided, however, that the Company shall not be required to provide any information under this Section 2.7(a)(viii) to the extent that either (1) the Company has obtained confidential treatment of such information from the SEC or (2) the Company reasonably determines in good faith that such Records are confidential and so notifies the Inspectors in writing, unless, with respect to clause (1) or (2), Rockwell enters into, and causes each of its Inspectors to enter into, a confidentiality agreement on terms and conditions reasonably acceptable to the Company; provided, further, that Rockwell agrees that it will, upon learning that disclosure of such Records is sought in a court of competent jurisdiction or by another Governmental Authority, give notice to the Notice HoldersCompany and allow the Company, at its expense, to undertake appropriate action to the extent practicable seeking to prevent disclosure of the Records deemed confidential;
(ix) as promptly as practicable notify in writing Rockwell and the underwriters, if any, of the following events: (A) the filing of the Resale Shelf Registration Statement, any amendment thereto, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) (i) when prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement prospectus supplement related thereto or post-effective amendment to a the Resale Shelf Registration Statement has been filed with the SEC and/or replacement shelf registration statement or any Free Writing Prospectus utilized in connection therewith, and, with respect to a the Resale Shelf Registration Statement or any post-effective amendmentamendment thereto and/or replacement shelf registration statement, when the same has been declared become effective, ; (iiB) the receipt of any request, following written comments from the effectiveness of the Initial Shelf Registration Statement under the Securities Act, SEC or any request by the SEC or any other federal U.S. or state governmental authority Governmental Authority for amendments or supplements to any the Resale Shelf Registration Statement or related Prospectus the prospectus or for additional information, ; (iiiC) of when the Resale Shelf Registration Statement or any amendment thereto becomes effective; (D) the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any the Resale Shelf Registration Statement or the initiation or threatening of any proceedings by any Person for that purpose, ; (ivE) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in under the securities or “blue sky” laws of any jurisdiction or the initiation or threatening threat of any proceeding for such purpose, ; (vF) after if at any time the effective date representations and warranties of the Company contained in any mutual agreement (including any underwriting agreement) contemplated by Section 2.7(a)(vi) cease to be true and correct in any material respect; and (G) upon the happening of any event that makes any statement made in such Resale Shelf Registration Statement filed pursuant or related prospectus or any document incorporated or deemed to this Agreement be incorporated therein by reference untrue in any material respect or that requires the making of any changes in such Resale Shelf Registration Statement, prospectus or documents so that, in the case of the occurrence Resale Shelf Registration Statement, it will 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 that in the case of the prospectus, it will not contain an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided, in the case of clause (but G), that such notice need not include the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.concerning such event;
(dx) Use use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a such Resale Shelf Registration Statement Statement, or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible momentreasonable practicable date, except that the Company shall not for any such purpose be required to (A) qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this clause (ix) be obligated to be so qualified, (B) subject itself to taxation in any such jurisdiction or (C) file a general consent to service of process in any such jurisdiction;
(xi) cooperate with Rockwell and each underwriter or agent participating in the disposition of such Registrable Securities and their respective counsel in connection with any filings required to be made with the Financial Industry Regulatory Authority, Inc.;
(xii) have appropriate officers of the Company prepare and make presentations at a reasonable number of “road shows” and before analysts and rating agencies, as the case may be, and provide prompt notice other information meetings reasonably organized by the underwriters, take other actions to each Notice Holder obtain ratings for any Registrable Securities (if they are eligible to be rated) and otherwise use its commercially reasonable efforts to cooperate as reasonably requested by Rockwell and the Initial Purchaser underwriter(s) in the offering, marketing and selling of the withdrawal Registrable Securities; provided, however, that the scheduling of any such order.“road shows” and other meetings shall not unduly interfere with the normal operations of the business of the Company;
(exiii) If if reasonably requested by the Initial Purchaser or any Notice Holdercounsel to Rockwell, as (i) promptly as practicable incorporate in a Prospectus prospectus supplement or post-effective amendment to a the Resale Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser Company reasonably agrees (or, if applicable, separate counsel for the Holdersupon advice of counsel) shall determine to be is required to be included therein by applicable law and (ii) make any all required filings of such Prospectus prospectus supplement or such post-effective amendment; provided that amendment promptly after the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy has received notification of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed matters to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation prospectus supplement or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment and has agreed to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, their inclusion in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Resale Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") ; and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(jxiv) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, take all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information actions reasonably requested by such representatives for Rockwell or the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at lead managing underwriter(s) to effect the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time intent of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 2 contracts
Sources: Registration Rights Agreement (Rockwell Automation Inc), Registration Rights Agreement (PTC Inc.)
Registration Procedures. In connection with the registration obligations of the Company under Section 2 hereof, during the Effectiveness Period, the Company shall:
(a) Prepare Use its reasonable best efforts to prepare and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 referred to in Section 2(a) hereof or S-3 or any other appropriate form under otherwise designate an existing effective filing with the Securities Act available SEC for the sale of the Registrable Securities use by the Holders thereof in accordance with the intended method or methods of distribution thereofas a Shelf Registration Statement, and use commercially its reasonable best efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing or designating any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SECSEC (but excluding reports filed with the SEC under the Exchange Act), the Company shall furnish to the Initial Purchaser Purchasers and counsel for the Holders and for the Initial Purchaser (orSpecial Counsel of such offering, if applicableany, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within or designated at least three (3) Business Days of prior to the delivery filing or designation of such copies to Registration Statement or amendment thereto or Prospectus or supplement thereto. Unless the Initial Purchaser and such counselRegistration Statement is an automatic shelf registration statement, the Company shall include the information required by Rule 430B(b)(2)(iii) under the Securities Act.
(b) Prepare Subject to Section 3(h), prepare and file with the SEC such amendments and post-effective amendments to each Shelf Registration Statement as may be necessary to keep such Shelf a Registration Statement continuously effective until for the expiration of the Effectiveness Periodapplicable period specified in Section 2(a); cause the related Prospectus to be supplemented by any required Prospectus prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; and use commercially its reasonable best efforts to comply with the provisions of the Securities Act applicable to it with respect to (i) the disposition of all securities covered by such Shelf Registration Statement during the Effectiveness Period in accordance with the intended methods of disposition by the sellers thereof and (ii) the issuance of Underlying Common Stock upon conversion of the Notes, in each case as set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented.
(c) As promptly as practicable give notice to the Notice Holders, the Initial Purchaser Purchasers and counsel for the Holders and for the Initial Purchaser (orSpecial Counsel, if applicable, separate counsel for the Holders) (i) when any Prospectus, Prospectus prospectus supplement, Shelf Registration Statement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC or any Registration Statement has been designated for use by the Holders and, with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared effective, (ii) of any request, following the effectiveness or designation of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional informationinformation relating to the Shelf Registration Statement, (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of any proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, and (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement or a supplement to the related Prospectus will need to be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i3(h)), state that it constitutes a Suspension Deferral Notice, in which event the provisions of Section 3(i3(h) shall apply.
(d) Use commercially its reasonable best efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt immediate notice to each Notice Holder and the Initial Purchaser Purchasers of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) Special Counsel and the Initial PurchaserPurchasers, upon request and without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedulesexhibits and if requested, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser)reference.
(gf) During the Effectiveness Period, deliver Deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (orSpecial Counsel, if applicableany, separate counsel for the Holders) and the Initial PurchaserPurchasers, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Deferral Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, Holder in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(hg) Prior to any public offering of the Registrable Securities pursuant to the Shelf a Registration Statement, use commercially its reasonable best efforts to register or qualify or cooperate with the Notice Holders and the Special Counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially its reasonable best efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's ’s offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(ih) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or Statement, the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, the filing of a post-effective amendment during any period when the Company is not eligible to use Form S-3 or the initiation of an SEC review of the Company’s filings under the Exchange Act, (B) the occurrence of any event or the existence of any fact (a “Material Event”) as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material 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, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), Prospectus:
(i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, practicable prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material 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 (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder)misleading, as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially its reasonable best efforts to cause it to be declared effective as promptly as is practicable, and and
(ii) give notice to the Notice Holders Holders, and counsel for the Holders and for the Initial Purchaser (orSpecial Counsel, if applicableany, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension “Deferral Notice"”) and, upon receipt of any Suspension Deferral Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf the Registration Statement until such Notice Holder's ’s receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially its reasonable best efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable sole judgment of the Company, public disclosure of such Material Event would not be prejudicial to or contrary to the Shelf Registration Statement does not contain any untrue statement interests of a material fact or omits to state any material fact required to be stated therein or the Company or, if necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact avoid unreasonable burden or omits to state any material fact necessary in order to make the statements thereinexpense, in the light of the circumstances under which they were made, not misleading, as soon as practicable thereafter and (z) in the case of clause (C) above, as soon as, as in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which Company shall be entitled to exercise its right under this Section 3(h) to suspend the availability of the Shelf Registration Statement and or any Prospectus may be suspended (the "Suspension “Deferral Period") without ”); provided that the Company incurring aggregate duration of any obligation to pay liquidated damages pursuant to Section 2(e) Deferral Periods shall not exceed thirty (30) days in the aggregate any three month period (or sixty (60) days in any three month period in the event of a Material Event pursuant to which the Company has delivered a second notice as required below) or one hundred twenty ninety (12090) days in the aggregate in any twelve (12) month period; provided that in the case of a Material Event relating to an acquisition or a probable acquisition or financing, recapitalization, business combination or other similar transaction, the Company may deliver to Notice Holders a second notice to the effect set forth above, which shall have the effect of extending the Deferral Period by up to an additional thirty (30) days, or such shorter period of time as is specified in such second notice.
(ji) Make If reasonably requested in writing in connection with a disposition of Registrable Securities pursuant to a Registration Statement, make reasonably available for inspection during normal business hours by representatives one representative for the Notice Holders of such Registrable Securities, and any broker-dealers, underwriters, attorneys and accountants retained by such representative for the Notice Holders, and any attorneys or other agents retained by a broker-dealer or underwriter engaged by such representative for the Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make reasonably available for inspection during normal business hours on reasonable notice all relevant information reasonably requested by such representatives representative for the Notice Holders, or any such broker-dealers, underwriters, attorneys or accountants in connection with such disposition, in each case as is customary for similar "“due diligence" ” examinations; provided, however, provided that such persons shall, at the Company's request, shall first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such non-public information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement)law, (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Companyagreement, and provided further that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by Special Counsel. Any person legally compelled to disclose any such confidential information made available for inspection shall provide the counsel referred to in Section 5Company with prompt prior written notice of such requirement so that the Company may seek a protective order or other appropriate remedy.
(kii) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-for a twelve month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12be made available no later than forty-five (45) days after the end of the twelve month periodsperiod or ninety (90) days if the twelve month period coincides with the fiscal year of the Company.
(li) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold or to be sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least two (2) Business Days Day prior to any sale of such Registrable Securities.
(mj) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with printed certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(nk) Cooperate and assist in any filings rrequired to be made with the National Association of Securities Dealers, Inc.
(l) Upon (i) the filing or designation of the Initial Shelf Registration Statement and (ii) the effectiveness of the Initial Shelf Registration Statement, announce the same, in each case by publicly disseminating such information through its website or by issuing a press release.
(m) Take all other reasonable actions as are required to permit unrestricted resales of the Registrable Securities and issuances of Underlying Common Stock on an unrestricted basis upon conversion of Notes in accordance with the terms a
Appears in 2 contracts
Sources: Registration Rights Agreement (On Semiconductor Corp), Registration Rights Agreement (On Semiconductor Corp)
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than five (5) Trading Days prior to the SEC filing of a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements thereto with the SECsupplement thereto, furnish via email to those Purchasers who have supplied the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) with email addresses copies of all such documents proposed to be filed and use commercially reasonable efforts filed, which documents (other than any document that is incorporated or deemed to be incorporated by reference therein) will be subject to the review of such Purchasers. The Company shall reflect in each such document when so filed with the SEC such comments regarding the Purchasers and the plan of distribution as the such counsel Purchasers may reasonably shall and promptly propose within three no later than two (32) Business Trading Days of after the delivery Purchasers have been so furnished with copies of such copies to the Initial Purchaser and such counseldocuments as aforesaid.
(b) Prepare Subject to Section 12.7(g), (i) prepare and file with the SEC such amendments and amendments, including post-effective amendments amendments, to each Shelf Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf the Registration Statement continuously effective until effective, as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the SEC such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible, and in any event within 10 Trading Days (except to the extent that the Company reasonably requires additional time to respond to the SEC’s comments), to any comments received from the SEC with respect to the Registration Statement or any similar provisions then in force) under the Securities Actamendment thereto; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Purchasers thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As Notify the Purchasers as promptly as practicable give reasonably possible, and (if requested by the Purchasers confirm such notice to in writing no later than two Trading Days thereafter), of any of the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) following events: (i) when any Prospectus, Prospectus supplement, Shelf Registration Statement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC and, with respect to notifies the Company whether there will be a Shelf “review” of any Registration Statement; (ii) the SEC comments in writing on any Registration Statement; (iii) any Registration Statement or any post-effective amendment, when the same has been amendment is declared effective, ; (iiiv) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal Federal or state governmental authority for amendments requests any amendment or supplements supplement to any Shelf Registration Statement or related Prospectus or for requests additional information, information related thereto; (iiiv) of the issuance by the SEC or any other federal or state governmental authority of issues any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of initiates any proceedings Proceedings for that purpose, ; (ivvi) of the receipt by the Company receives notice of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening threat of any proceeding Proceeding for such purpose, ; or (vvii) after the effective date of financial statements included in any Shelf Registration Statement filed pursuant become ineligible for inclusion therein or any Registration Statement or Prospectus or other document contains any untrue statement of a material fact or omits to this Agreement state any material fact required to be stated therein or necessary to make the statements therein, in the light of the occurrence of (but circumstances under which they were made, not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applymisleading.
(d) Use commercially its reasonable best efforts to prevent avoid the issuance of, andof or, if issued, to obtain the withdrawal of (i) any order suspending the effectiveness of a Shelf any Registration Statement Statement, or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such orderas soon as possible.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, provide such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf each Registration Statement and any each amendment thereto, including financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company extent requested by such Notice Holder, Person (including those previously furnished or incorporated by reference) promptly after the filing of such counsel or documents with the Initial Purchaser)SEC.
(gf) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and the . The Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the Purchasers in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in to the extent permitted by federal and state securities laws and regulations.
(g) (i) In the time and manner set forth thereinrequired by each Trading Market, prepare and file with such Trading Market an additional shares listing application covering all of the Registrable Securities; (ii) take all steps necessary to cause such Common Shares to be approved for listing on a Trading Market as soon as possible thereafter; (iii) provide to each Purchaser evidence of such listing; and (iv) except as a result of the Excluded Events, during the Effectiveness Period, maintain the listing of such Common Shares on such Trading Market or another Eligible Market.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use commercially its reasonable best efforts to register or qualify or cooperate with the Notice Holders Purchasers in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during for so long as required, but not to exceed the duration of the Effectiveness Period in connection with such Notice Holder's offer Period, and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in the manner set forth in the relevant Shelf covered by a Registration Statement and the related ProspectusStatement; provided provided, however, that the Company will shall not be required obligated to (i) file any general consent to service of process or to qualify as a foreign corporation or as a dealer in securities in any jurisdiction where in which it would is not otherwise be required so qualified or to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or itself to taxation in respect of doing business in any such jurisdiction where in which it is not then otherwise so subject.
(i) Upon (A) Cooperate with the issuance by Purchasers to facilitate the SEC timely preparation and delivery of certificates representing Registrable Securities to be delivered to a stop order suspending the effectiveness of the Shelf transferee pursuant to a Registration Statement or the initiation of proceedings with respect Statement, which certificates shall be free, to the Shelf Registration Statement extent permitted by this Agreement and under Section 8(dlaw, of all restrictive legends, and to enable such certificates to be in such denominations and registered in such names as any such Holders may reasonably request.
(j) or 8(e) of the Securities Act, (B) Upon the occurrence of any event described in Section 12.8(c)(vii), as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment, to the existence of any fact as a result of which any Shelf Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither the Registration Statement nor such Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Cooperate with any reasonable due diligence investigation undertaken by the Purchasers in connection with the sale of Registrable Securities, including, without limitation, by making available documents and information; provided that the Company will not deliver or make available to any Holder material, nonpublic information unless such Holder requests in advance in writing to receive material, nonpublic information and agrees to keep such information confidential.
(l) Comply with all rules and regulations of the SEC applicable to the registration of the Securities.
(m) The Company shall comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of under the Securities Act and the Exchange Act, including, without limitation, Rule 158 thereunder (or any similar rule promulgated 172 under the Securities Act) no later than 45 days after , file any final Prospectus, including any supplement or amendment thereof, with the end of SEC pursuant to Rule 424 under the Securities Act, promptly inform the Holders in writing if, at any 12-month period (or 90 days after time during the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of Effectiveness Period, the Company commencing after does not satisfy the effective date conditions specified in Rule 172 and, as a result thereof, the Purchasers are required to make available a Prospectus in connection with any disposition of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder Registrable Securities and take such other actions as may be reasonably necessary to facilitate the timely preparation and delivery registration of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Companyhereunder.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Sources: Securities Purchase and Registration Rights Agreement (ONE Bio, Corp.)
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than five Trading Days prior to the SEC a Shelf filing of each Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements supplement thereto with the SEC(excluding any document that would be incorporated or deemed incorporated therein by reference), the Company shall shall, (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) each Holder copies of all such documents proposed to be filed filed, which documents (other than those incorporated or deemed to be incorporated by reference) will be subject to the review of such Holders, and use commercially (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel to reflect in each such document when so filed with conduct a reasonable investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery Securities Act. The Company shall not file the Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of a majority of the Registrable Securities shall reasonably and in good faith object, provided, the Company is notified of such objection in writing no later than 5 Trading Days after the Holders have been so furnished copies to the Initial Purchaser and of such counseldocuments.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf a Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf a Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplementsupplement (subject to the terms of this Agreement), and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible, and in any event within 15 Trading Days, to any comments received from the Commission with respect to a Registration Statement or any similar provisions then in force) under amendment thereto and as promptly as reasonably possible provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to a Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf a Registration Statement during the Effectiveness Period applicable period in accordance (subject to the terms of this Agreement) with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As If during the Effectiveness Period, the number of Registrable Securities at any time exceeds 85% of the number of shares of Common Stock then registered in a Registration Statement, then the Company shall file as soon as reasonably practicable but in any case prior to the applicable Filing Date, an additional Registration Statement covering the resale of by the Holders of not less than 130% of the number of such Registrable Securities.
(d) Notify the Holders of Registrable Securities to be sold (which notice shall, pursuant to clauses (ii) through (vi) hereof, be accompanied by an instruction to suspend the use of the Prospectus until the requisite changes have been made) as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than five Trading Days prior to such filing) and (if requested by any such Person) confirm such notice to in writing no later than one Trading Day following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a "review" of such Registration Statement and whenever the Commission comments in writing on such Registration Statement (the Company shall provide true and complete copies thereof and all written responses thereto to each of the Holders); and (C) with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf a Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of or details concerning) financial statements included in a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (ineligible for inclusion therein or as required pursuant to Section 3(i)), state that it constitutes any statement made in a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing to the Company by such Notice Holder, such counsel any material respect or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with that requires any sale of Registrable Securities pursuant revisions to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holderother documents so that, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC case of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading misleading; and (it being understood vi) the occurrence or existence of any pending corporate development with respect to the Company that the Company believes may rely on information provided be material and that, in the determination of the Company, makes it not in the best interests of the Company to allow continued availability or the Registration Statement or Prospectus.
(e) Promptly deliver to each Holder, without charge, as many copies of the Prospectus or Prospectuses (including each form of prospectus) and each amendment or supplement thereto as such Persons may reasonably request. Subject to the terms of this Agreement, the Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by each Notice Holder of the selling Holders in connection with respect to such Notice Holder), as thereafter delivered to the purchasers offering and sale of the Registrable Securities being sold thereundercovered by such Prospectus and any amendment or supplement thereto.
(f) Use commercially reasonable efforts to register or qualify the resale of such Registrable Securities as required under applicable securities or Blue Sky laws of each State within the United States as any Holder requests in writing, andto keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period; provided, that the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified or subject the case Company to any material tax in any such jurisdiction where it is not then so subject.
(g) Cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request.
(h) Upon the occurrence of any event contemplated this Section 3, as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment amendment, to a Shelf Registration Statement, subject Statement or a supplement to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of related Prospectus or any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are document incorporated or deemed to be incorporated therein by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) abovereference, and file any other required document so that, as promptly as is practicablethereafter delivered, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf neither a Registration Statement does not nor such Prospectus will contain any an untrue statement of a material fact or omits omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. If the Company notifies the Holders in accordance with clauses (ii) through (vi) of Section 3(d) above to suspend the use of the use of any Prospectus until the requisite changes to such Prospectus have been made, or the Company otherwise notifies the Holders of its election to suspend the availability of a Registration Statement and Prospectus pursuant to clause (zvi) of Section 3(d), then the Holders shall suspend use of such Prospectus. The Company will use its best efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable, except that in the case of suspension of the availability of a Registration Statement and Prospectus pursuant to clause (Cvi) aboveof Section 3(d), the Company shall not be required to take such action until such time as soon as, it shall determine that the continued availability of the Registration Statement and Prospectus is no longer not in the reasonable discretion best interests of the Company, such suspension is no longer appropriate. The period during which Company shall be entitled to exercise its right under this Section 3(h) to suspend the availability of the Shelf a Registration Statement and any Prospectus may be suspended (Prospectus, subject to the "Suspension Period") without the Company incurring any obligation to pay payment of liquidated damages pursuant to Section 2(e) shall 2(b), for a period not to exceed thirty (30) 45 consecutive days or for multiple periods not to exceed 60 days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) 12 month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available Commission.
(j) Use its best efforts to its securityholders earning statements avoid the issuance of, or, if issued, obtain the withdrawal of (which need not be auditedi) satisfying any order suspending the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date effectiveness of a Shelf Registration Statement, which statements shall cover said 12-month periodsor (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, at the earliest practicable moment.
(lk) Cooperate with The Company may require, at any time prior to the third Trading Day prior to the Filing Date, each Notice Holder to facilitate furnish to the timely preparation and delivery Company a statement as to the number of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statementshares of Common Stock beneficially owned by such Holder and, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted if requested by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior Commission, the controlling person thereof, within three Trading days of the Company's request. During any periods that the Company is unable to any sale meet its obligations hereunder with respect to the registration of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities solely because any Holder fails to furnish such information within three Trading Days of the Company's request, any liquidated damages that are in a form eligible for deposit with The Depository Trust accruing as to such Holder at such time shall be tolled and any Event that may otherwise occur as to such Holder solely because of such delay shall be suspended, until such information is delivered to the Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Registration Procedures. In connection with the registration obligations of the Company under Section 2 hereof, the Company shall:
(a) Prepare and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act selected by the Company available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially its reasonable best efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (orSpecial Counsel of such offering, if applicableany, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially its reasonable best efforts to reflect in each such document when so filed with the SEC such comments as the such counsel Special Counsel reasonably shall propose within three (3) five Business Days of the delivery of such copies to the Initial Purchaser and such counselthe Special Counsel.
(b) Prepare and file with the SEC such amendments and post-effective amendments to each Shelf Registration Statement as may be necessary to keep such Shelf Registration Statement continuously effective until for the expiration of the Effectiveness Periodapplicable period specified in Section 2(a) hereof; cause the related Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; and use commercially its reasonable best efforts to comply with the provisions of the Securities Act applicable to it with respect to the disposition of all securities covered by such Shelf Registration Statement during the Effectiveness Period in accordance with the intended methods of disposition by the sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented.
(c) As promptly as practicable give notice to the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (orSpecial Counsel, if applicable, separate counsel for the Holders) (i) when any Prospectus, Prospectus supplement, Shelf Registration Statement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of any proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of a Material Event (but not the nature of or details concerningconcerning such Material Event) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)) hereof), state that it constitutes a Suspension Deferral Notice, in which event the provisions of Section 3(i) hereof shall apply.
(d) Use commercially its reasonable best efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt immediate notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If reasonably requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial PurchaserPurchaser and the Special Counsel, or such Notice Holder or shall on the basis of an opinion of nationally-recognized counsel for the Holders and for the Initial Purchaser (orexperienced in such matters, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) Special Counsel and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel Special Counsel, Initial Purchaser or the Initial Purchaserunderwriter).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) Special Counsel and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Deferral Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, Holder in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially its reasonable best efforts to register or qualify or cooperate with the Notice Holders and the Special Counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially its reasonable best efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's ’s offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Sources: Registration Rights Agreement (Kulicke & Soffa Industries Inc)
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than three Trading Days prior to the SEC filing of a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements supplement thereto with the SEC(including any document that would be incorporated or deemed to be incorporated therein by reference), the Company shall (i) furnish to the Initial each Purchaser and any individual or firm designated by any Purchaser as counsel for (each, a “Purchaser Counsel”, and Iroquois Master Fund Ltd. has initially designated Proskauer Rose LLP, the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders“LP Counsel”) copies of all such documents proposed to be filed filed, which documents (other than those incorporated or deemed to be incorporated by reference) will be subject to the review of each Purchaser and use commercially Purchaser Counsel, and (ii) subject to Section 4.6(c) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel, to reflect in each such document when so filed with conduct a reasonable investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery Securities Act. The Company shall not file a Registration Statement or any such Prospectus or any amendments or supplements thereto to which Purchasers holding a majority of such copies to the Initial Purchaser and such counselRegistrable Securities shall reasonably object.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf the Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible, and in any event within ten days, to any comments received from the Commission with respect to the Registration Statement or any similar provisions then amendment thereto, except if such comments relate to the financial statements of the Company or other accounting related issues, in force) under which case, such response period shall be extended for such period of time as may be required for the Securities ActCompany’s auditors to provide responses to such comments, and as promptly as reasonably possible provide the Purchasers true and complete copies of all correspondence from and to the Commission relating to the Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Purchasers thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As Notify the Purchasers and LP Counsel as promptly as practicable give reasonably possible, and (if requested by any such Person) confirm such notice to in writing no later than five (5) Trading Days thereafter, of any of the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) following events: (i) when the Commission notifies the Company whether there will be a “review” of any Prospectus, Prospectus supplement, Shelf Registration Statement; (ii) the Commission comments in writing on any Registration Statement or post-effective amendment (in which case the Company shall deliver to each Purchaser a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf copy of such comments and of all written responses thereto); (iii) any Registration Statement or any post-effective amendment, when the same has been amendment is declared effective, ; (iiiv) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC Commission or any other federal Federal or state governmental authority for amendments requests any amendment or supplements supplement to any Shelf Registration Statement or related Prospectus or for requests additional information, information related thereto; (iiiv) of the issuance by the SEC or any other federal or state governmental authority of Commission issues any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of initiates any proceedings Proceedings for that purpose, ; (ivvi) of the receipt by the Company receives notice of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening threat of any proceeding Proceeding for such purpose, ; or (vvii) after the effective date of financial statements included in any Shelf Registration Statement filed pursuant become ineligible for inclusion therein or any statement made in any Registration Statement or Prospectus or any document incorporated or deemed to this Agreement be incorporated therein by reference is untrue in any material respect or any revision to a Registration Statement, Prospectus or other document is required so that it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the occurrence of (but circumstances under which they were made, not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applymisleading.
(d) Use commercially its reasonable best efforts to prevent avoid the issuance of, andof or, if issued, to obtain the withdrawal of (i) any order suspending the effectiveness of a Shelf any Registration Statement Statement, or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such orderas soon as possible.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish Furnish to each Notice Holder, counsel for the Holders Purchaser and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial PurchaserLP Counsel, without charge, at least one (1) conformed copy of the Shelf each Registration Statement and any each amendment thereto, including financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein by reference reference, and all exhibits (unless requested in writing to the Company extent requested by such Notice Holder, Person (including those previously furnished or incorporated by reference) promptly after the filing of such counsel or documents with the Initial Purchaser)Commission.
(gf) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders Purchaser and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration StatementLP Counsel, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and the . The Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Purchasers in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in thereto.
(g) (i) In the time and manner set forth thereinrequired by each Trading Market, prepare and file with such Trading Market an additional shares listing application covering all of the Registrable Securities; (ii) take all steps necessary to cause such Registrable Securities to be approved for listing on each Trading Market as soon as possible thereafter; (iii) provide to the Purchasers evidence of such listing; and (iv) maintain the listing of such Registrable Securities on each such Trading Market or another Eligible Market.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use commercially its reasonable best efforts to register or qualify or cooperate with the Notice Holders selling Purchasers and each applicable Purchaser Counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably Purchaser requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in the manner set forth in the relevant Shelf covered by a Registration Statement and the related ProspectusStatement; provided provided, however, that the Company will shall not be required have to (i) qualify as provide a foreign corporation or as a dealer in securities general consent to service in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subjectjurisdiction.
(i) Upon (A) Cooperate with the issuance by Purchasers to facilitate the SEC timely preparation and delivery of certificates representing Registrable Securities to be delivered to a stop order suspending the effectiveness of the Shelf transferee pursuant to a Registration Statement or the initiation of proceedings with respect Statement, which certificates shall be free, to the Shelf Registration Statement under Section 8(dextent permitted by this Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Purchasers may request.
(j) or 8(e) of the Securities Act, (B) Upon the occurrence of any event described in Section 6.2(c)(vii), as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment, to the existence of any fact as a result of which any Shelf Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither the Registration Statement nor such Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
(k) Cooperate with any due diligence investigation undertaken by the Purchasers in connection with the sale of Registrable Securities, or (C) the occurrence or existence of including, without limitation, by making available any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement documents and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood information; provided that the Company may rely on will not deliver or make available to any Purchaser material, nonpublic information provided by each Notice Holder with respect unless such Purchaser specifically requests in advance to such Notice Holder)receive material, as thereafter delivered to the purchasers nonpublic information in writing.
(l) If Holders of a majority of the Registrable Securities being sold thereunderoffered pursuant to a Registration Statement select underwriters for the offering, andthe Company shall enter into and perform its obligations under an underwriting agreement, in the case of a post-effective amendment to a Shelf Registration Statementusual and customary form, subject to the next sentenceincluding, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicablewithout limitation, by providing customary legal opinions, comfort letters and (ii) give notice to the Notice Holders indemnification and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month periodcontribution obligations.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(km) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periodsCommission.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofRegisterable Securities hereunder, the Company shall:
(a) Prepare and file with Not less than five (5) Business Days prior to the SEC a Shelf filing of the Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements thereto with the SECsupplement thereto, the Company shall (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed (including documents incorporated or deemed incorporated by reference to the extent requested by such Person) which documents will be subject to the review of such Holders, and use commercially (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective legal counsel to reflect in each such document when so filed with conduct a reasonable investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery Securities Act. The Company shall not file the Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of a majority of the Registrable Securities shall reasonably object in good faith; provided, however, that any period of time which the Registration Statement is delayed due to such copies objection will be added to the Initial Purchaser and such counselEffectiveness Date.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf the Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf the Registration Statement continuously effective until as to the expiration of Registrable Securities for the Effectiveness Period; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible to any comments received from the Commission with respect to the Registration Statement or any similar provisions then in force) under the Securities Actamendment thereto; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period in accordance with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As Notify the Holders of Registrable Securities to be sold as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than two (2) Business Days prior to such filing) and (if requested by any such Person) confirm such notice to in writing promptly following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) day (i) (A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf the Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a "review" of the Registration Statement and whenever the Commission comments in writing on the Registration Statement (the Company shall upon request provide true and complete copies thereof and all written responses thereto as promptly as reasonably possible to each of the Holders who so requests provided such requesting Holders agree to keep such information confidential until it is publicly disclosed); and (C) with respect to a Shelf the Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority during the period of effectiveness of the Registration Statement for amendments or supplements to any Shelf the Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC Commission or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf the Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, and (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of or details concerning) a Material Event and (vi) of financial statements included in the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with ineligible for inclusion therein or any statement made in the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing any material respect or that requires any revisions to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without chargeProspectus or other documents so that, as many copies in the case of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (provided that such Holder of Registrable Securities agrees to keep such information confidential until it being understood that is publicly disclosed).
(d) Use its reasonable best efforts to avoid the Company may rely on information provided by each Notice Holder with respect to such Notice Holder)issuance of, as thereafter delivered to or, if issued, obtain the purchasers withdrawal of (i) any order suspending the effectiveness of the Registration Statement, or (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities being sold thereunderfor sale in any jurisdiction, andat the earliest practicable moment.
(e) To the extent requested by such Holders, furnish to each Holder, without charge, at least one conformed copy of the Registration Statement and each amendment thereto, including financial statements and schedules, all documents incorporated or deemed to be incorporated therein by reference, and all exhibits (including those previously furnished or incorporated by reference) promptly after the filing of such documents with the Commission.
(f) Promptly deliver to each Holder, without charge, as many copies of the Prospectus or Prospectuses (including each form of prospectus) and each amendment or supplement thereto as such Persons may reasonably request in connection with resales by the case Holder of Registrable Securities. The Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by each of the selling Holders in connection with the offering and sale of the Registrable Securities covered by such Prospectus and any amendment or supplement thereto, except after the giving of any notice pursuant to Section 3(c).
(g) Use its reasonable best efforts to register or qualify or cooperate with the selling Holders in connection with the registration or qualification (or exemption from the Registration or qualification) of such Registrable Securities for the resale by the Holder under the securities or Blue Sky laws of such jurisdictions within the United States as any Holder reasonably requests in writing, to keep each of the registration or qualification (or exemption therefrom) effective during the Effectiveness Period and to do any and all other acts or things reasonably necessary to enable the disposition in such jurisdictions of the Registrable Securities covered by the Registration Statement; provided, that the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified, subject the Company to any material tax in any such jurisdiction where it is not then so subject or file a general consent to service of process in any such jurisdiction.
(h) If requested by the Holders, cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to the Registration Statement, which certificates shall be free, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request.
(i) Upon the occurrence of any event contemplated by Section 3(c)(v), as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment to a Shelf Registration Statementamendment, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice Registration Statement or a supplement to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of related Prospectus or any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are document incorporated or deemed to be incorporated therein by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) abovereference, and file any other required document so that, as promptly as is practicablethereafter delivered, (y) in neither the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not nor such Prospectus will contain any an untrue statement of a material fact or omits omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC Commission and make generally available use its reasonable best efforts to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such all Registrable Securities to be in listed for trading on a Trading Market, if the Company is then listed on a Trading Market. The Company may require each selling Holder to furnish to the Company a certified statement as to the number of shares of Common Stock beneficially owned by such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent person thereof that has voting and dispositive control over the Vessel Sale Shares, for purposes of disclosure in the Common Stock with certificates for "Selling Stockholder" table in the Registrable Securities that are in a form eligible for deposit with The Depository Trust CompanyRegistration Statement.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than five Trading Days prior to the SEC a Shelf filing of the Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or and not less than two Trading Days prior to the filing of any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements thereto with the SECsupplement thereto, the Company shall shall, (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed (including documents incorporated or deemed incorporated by reference to the extent requested by such Person) which documents will be subject to the review of such Holders, and use commercially (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel to reflect in each such document when so filed with conduct a reasonable investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery Securities Act. The Company shall not file the Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of a majority of the Registrable Securities shall reasonably object in good faith, provided that the Company is notified of such objection in writing no later than 5 Trading Days or 2 Trading Days, as applicable, after the Holders have been so furnished copies to the Initial Purchaser and of such counseldocuments.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf the Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf the Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible to any comments received from the Commission with respect to the Registration Statement or any similar provisions then in force) under amendment thereto and, as promptly as reasonably possible, upon request, provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to the Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As Notify the Holders of Registrable Securities to be sold as promptly as practicable give reasonably possible and (if requested by any such Person) confirm such notice to in writing promptly following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf the Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a "review" of the Registration Statement and whenever the Commission comments in writing on the Registration Statement (the Company shall upon request provide true and complete copies thereof and all written responses thereto to each of the Holders); and (C) with respect to a Shelf the Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority during the period of effectiveness of the Registration Statement for amendments or supplements to any Shelf the Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC Commission or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf the Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; and (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of or details concerning) a Material Event and (vi) of financial statements included in the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with ineligible for inclusion therein or any statement made in the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing any material respect or that requires any revisions to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without chargeProspectus or other documents so that, as many copies in the case of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading misleading.
(it being understood that d) Use commercially reasonable efforts to avoid the Company may rely on information provided by each Notice Holder with respect to such Notice Holder)issuance of, as thereafter delivered to or, if issued, obtain the purchasers withdrawal of (i) any order suspending the effectiveness of the Registration Statement, or (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities being sold thereunderfor sale in any jurisdiction, andat the earliest practicable moment.
(e) Furnish to each Holder, without charge, at least one conformed copy of the Registration Statement and each amendment thereto, including financial statements and schedules, all documents incorporated or deemed to be incorporated therein by reference to the extent requested by such Person, and all exhibits to the extent requested by such Person (including those previously furnished or incorporated by reference) promptly after the filing of such documents with the Commission.
(f) Promptly deliver to each Holder, without charge, as many copies of the Prospectus or Prospectuses (including each form of prospectus) and each amendment or supplement thereto as such Persons may reasonably request in connection with resales by the case Holder of Registrable Securities. Subject to the terms of this Agreement, the Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by each of the selling Holders in connection with the offering and sale of the Registrable Securities covered by such Prospectus and any amendment or supplement thereto, except after the giving on any notice pursuant to Section 3(c).
(g) Prior to any resale of Registrable Securities by a Holder, use its commercially reasonable efforts to register or qualify or cooperate with the selling Holders in connection with the registration or qualification (or exemption from the Registration or qualification) of such Registrable Securities for the resale by the Holder under the securities or Blue Sky laws of such jurisdictions within the United States as any Holder reasonably requests in writing, to keep each such Registration or qualification (or exemption therefrom) effective during the Effectiveness Period and to do any and all other acts or things reasonably necessary to enable the disposition in such jurisdictions of the Registrable Securities covered by the Registration Statement; provided, that the Company shall not -------- be required to qualify generally to do business in any jurisdiction where it is not then so qualified, subject the Company to any material tax in any such jurisdiction where it is not then so subject or file a general consent to service of process in any such jurisdiction.
(h) If requested by the Holders, cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to the Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request.
(i) Upon the occurrence of any event contemplated by Section 3(c)(v), as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment to a Shelf Registration Statementamendment, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice Registration Statement or a supplement to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of related Prospectus or any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are document incorporated or deemed to be incorporated therein by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) abovereference, and file any other required document so that, as promptly as is practicablethereafter delivered, (y) in neither the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not nor such Prospectus will contain any an untrue statement of a material fact or omits omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and . If the Company notifies the Holders in accordance with clauses (zii) in through (v) of Section 3(c) above to suspend the case of clause (C) above, as soon as, in the reasonable discretion use of the Companyuse of any Prospectus until the requisite changes to such Prospectus have been made, then the Holders shall suspend use of such suspension is no longer appropriateProspectus. The period during which Company will use its best efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable. The Company shall be entitled to exercise its right under this Section 3(i) to suspend the availability of the Shelf a Registration Statement and any Prospectus may be suspended (Prospectus, subject to the "Suspension Period") without the Company incurring any obligation to pay payment of liquidated damages pursuant to Section 2(e2(b), for a period not to exceed 60 days (which need not be consecutive days) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) 12 month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periodsCommission.
(lk) Cooperate with The Company may require each Notice Holder to facilitate furnish to the timely preparation and delivery Company a certified statement as to the number of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statementshares of Common Stock beneficially owned by such Holder and, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted if required by the Indenture Commission, the person thereof that has voting and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior dispositive control over the Shares. During any periods that the Company is unable to any sale meet its obligations hereunder with respect to the registration of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities solely because any Holder fails to furnish such information within three Trading Days of the Company's request, any liquidated damages that are in a form eligible for deposit with The Depository Trust accruing at such time as to such Holder only shall be tolled and any Event that may otherwise occur solely because of such delay shall be suspended as to such Holder only, until such information is delivered to the Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than five Trading Days prior to the SEC a Shelf filing of the Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements thereto with the SECsupplement thereto, the Company shall shall, (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) their Special Counsel copies of all such documents proposed to be filed (including documents incorporated or deemed incorporated by reference) which documents will be subject to the review of such Holders and use commercially their Special Counsel, and (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel to reflect in each such document when so filed with conduct a reasonable investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery Securities Act. The Company shall not file the Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of such copies to a majority of the Initial Purchaser Registrable Securities and such counseltheir Special Counsel shall reasonably object in good faith.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf the Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf the Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible, and in any event within fifteen Trading Days, to any comments received from the Commission with respect to the Registration Statement or any similar provisions then in force) under amendment thereto and, as promptly as reasonably possible provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to the Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As Notify the Holders of Registrable Securities to be sold and their Special Counsel as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than three Trading Days prior to such filing) and (if requested by any such Person) confirm such notice to in writing no later than one Trading Day following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf the Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a "review" of such Registration Statement and whenever the Commission comments in writing on such Registration Statement (the Company shall provide true and complete copies thereof and all written responses thereto to each of the Holders); and (C) with respect to a Shelf the Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC or any other federal or state governmental authority Commission for amendments or supplements to any Shelf the Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf the Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; and (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of financial statements included in the Registration Statement ineligible for inclusion therein or details concerning) a Material Event and (vi) any statement made in the Registration Statement or Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires any revisions to the Registration Statement, Prospectus or other documents so that, in the case of the determination by the Company that a post-effective amendment to a Shelf Registration Statement or the Prospectus, as the case may be, it will not contain any untrue statement of a material fact or omit to state any material fact required to be filed with stated therein or necessary to make the SECstatements therein, which notice may, at the discretion in light of the Company (or as required pursuant to Section 3(i))circumstances under which they were made, state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applynot misleading.
(d) Use commercially reasonable its best efforts to prevent avoid the issuance of, andor, if issued, to obtain the withdrawal of (i) any order suspending the effectiveness of a Shelf the Registration Statement Statement, or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case at the earliest possible practicable moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish Furnish to each Notice Holder, counsel for the Holders Holder and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchasertheir Special Counsel, without charge, at least one (1) conformed copy of the Shelf each Registration Statement and any each amendment thereto, including financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein by reference reference, and all exhibits (unless requested in writing to the Company extent requested by such Notice HolderPerson (including those previously furnished or incorporated by reference) promptly after the filing of such documents with the Commission; provided, however, if the Registration Statement is on Form S-3, then the Company shall not be obligated to provide copies of any financial statements incorporated by reference therein, but only to the extent that such counsel or financial statements have been previously filed with the Initial Purchaser)Commission.
(gf) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders Holder and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statementtheir Special Counsel, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and the . The Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Holders in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto and each Holder agrees to comply with the prospectus delivery requirements in accordance with the manner set forth thereinSecurities Act in connection with sales made by such Holder of the Registrable Securities.
(hg) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use commercially reasonable its best efforts to register or qualify or cooperate with the Notice selling Holders and their Special Counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in the manner set forth in the relevant Shelf covered by a Registration Statement and the related ProspectusStatement; provided PROVIDED, that the Company will shall not be required to (i) qualify as a foreign corporation or as a dealer in securities generally to do business in any jurisdiction where it would is not otherwise be required then so qualified or subject the Company to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation material tax in any such jurisdiction where it is not then so subject.
(h) Cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event contemplated by Section 3(c)(v), as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment, to the existence of any fact as a result of which any Shelf Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither the Registration Statement nor such Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periodsCommission.
(lk) Cooperate with The Company may require, at any time prior to the third Trading Day prior to the Filing Date, each Notice selling Holder to facilitate furnish to the timely preparation and delivery Company a certified statement as to the number of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statementshares of Common Stock beneficially owned by such Holder and, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted if requested by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Commission, the controlling person thereof, within three Trading Days prior to any sale of such Registrable Securitiesthe Company's request.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Sources: Registration Rights Agreement (Peregrine Pharmaceuticals Inc)
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than three Trading Days prior to the SEC filing of a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements thereto with the SECsupplement thereto, the Company shall shall, (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed (including documents incorporated or deemed incorporated by reference to the extent requested by such Person) which documents will be subject to the review of such Holders, and use commercially (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel to reflect in each such document when so filed with conduct a reasonable investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery Securities Act. The Company shall not file a Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of such copies to a majority of the Initial Purchaser and such counselRegistrable Securities shall reasonably object.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf a Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf a Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible, and in any event within fifteen days, to any comments received from the Commission with respect to a Registration Statement or any similar provisions then in force) under amendment thereto and, as promptly as reasonably possible, upon request, provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to such Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf a Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf a Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As Notify the Holders of Registrable Securities to be sold l as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than three Trading Days prior to such filing) and (if requested by any such Person) confirm such notice to in writing promptly following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a “review” of a Registration Statement and whenever the Commission comments in writing on such Registration Statement (the Company shall upon request provide true and complete copies thereof and all written responses thereto to each of the Holders); and (C) with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority during the period of effectiveness of a Registration Statement for amendments or supplements to any Shelf a Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC Commission or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; and (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but any event or passage of time that makes the financial statements included in a Registration Statement ineligible for inclusion therein or any statement made in such Registration Statement or Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires any revisions to such Registration Statement, Prospectus or other documents so that, in the case of a Registration Statement or the Prospectus, as the case may be, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the nature of or details concerning) a Material Event and (vi) statements therein, in light of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SECcircumstances under which they were made, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applynot misleading.
(d) Use commercially reasonable efforts to prevent avoid the issuance of, andor, if issued, to obtain the withdrawal of (i) any order suspending the effectiveness of a Shelf Registration Statement Statement, or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case at the earliest possible practicable moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish Furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf each Registration Statement and any each amendment thereto, including financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein by reference to the extent requested by such Person, and all exhibits (unless requested in writing to the Company extent requested by such Notice Holder, Person (including those previously furnished or incorporated by reference) promptly after the filing of such counsel or documents with the Initial Purchaser)Commission.
(gf) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and the . The Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Holders in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in the manner set forth thereinthereto.
(hg) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use commercially reasonable efforts to register or qualify or cooperate with the Notice selling Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in the manner set forth in the relevant Shelf covered by a Registration Statement and the related ProspectusStatement; provided provided, that the Company will shall not be required to (i) qualify as a foreign corporation or as a dealer in securities generally to do business in any jurisdiction where it would is not otherwise be required then so qualified, subject the Company to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation material tax in any such jurisdiction where it is not then so subjectsubject or file a general consent to service of process in any such jurisdiction.
(h) Cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event contemplated by Section 3(c), as promptly as reasonably possible, prepare a supplement or the existence of any fact as amendment, including a result of which any Shelf post-effective amendment, to a Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither a Registration Statement nor such Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or . If the Company notifies the Holders in accordance with clauses (Cii) the occurrence or existence through (v) of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate Section 3(c) above to suspend the availability use of the Shelf Registration Statement and use of any Prospectus until the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment requisite changes to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were have been made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for then the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability shall suspend use of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use its commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which Company shall be entitled to exercise its right under this Section 3(i) to suspend the availability of the Shelf a Registration Statement and any Prospectus may be suspended (Prospectus, subject to the "Suspension Period") without the Company incurring any obligation to pay payment of liquidated damages pursuant to Section 2(e2(b), for a period not to exceed 60 days (which need not be consecutive days) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) 12 month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periodsCommission.
(lk) Cooperate with The Company may require each Notice selling Holder to facilitate furnish to the timely preparation and delivery Company a certified statement as to the number of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statementshares of Common Stock beneficially owned by such Holder and, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted if requested by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable SecuritiesCommission, the controlling person thereof.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Registration Procedures. In connection with the Purchaser’s registration obligations of the Company under Section 2 hereofhereunder, the Company Purchaser shall:
(i) Not less than two (2) Business Days prior to the filing of a Registration Statement or any related Prospectus (as defined in Section 8 below) or any amendment or supplement thereto, the Purchaser shall furnish to the Sellers and Seller’s counsel set forth in Section 13 (“Sellers’ Counsel”) copies of all such documents proposed to be filed. The Purchaser shall not file a Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Sellers shall reasonably object.
(a) Prepare and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereofCommission such amendments, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counsel.
(b) Prepare and file with the SEC such amendments and including post-effective amendments amendments, to each Shelf Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf the Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (b) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; (iii) respond as promptly as reasonably possible, to any comments received from the Commission with respect to the Registration Statement or any amendment thereto and use commercially reasonable efforts as promptly as reasonably possible provide the Sellers true and complete copies of all correspondence from and to the Commission relating to the Registration Statement; and (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Securities Exchange Act of 1934, as amended, with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Sellers thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented.
(ciii) As Notify the Sellers and Sellers’ Counsel as promptly as practicable give reasonably possible, and (if requested by any such Seller or Sellers’ Counsel) confirm such notice to in writing no later than one (1) Business Day thereafter, of any of the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) following events: (i) when the Commission notifies the Purchaser whether there will be a “review” of any Prospectus, Prospectus supplement, Shelf Registration Statement; (ii) the Commission comments in writing on any Registration Statement or post-effective amendment (in which case the Purchaser shall deliver to the Sellers and Sellers’ Counsel a copy of such comments and of all written responses thereto; provided, however, the Purchaser will not be required to provide copies of any responses that would result in the disclosure to a Shelf Registration Statement has been filed Seller of material, non-public information concerning the Purchaser unless the Sellers have executed a confidentiality agreement with the SEC and, with respect to a Shelf Purchaser); (iii) any Registration Statement or any post-effective amendment, when the same has been amendment is declared effective, ; (iiiv) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC Commission or any other foreign, federal or state governmental authority for amendments requests any amendment or supplements supplement to any Shelf Registration Statement or related Prospectus or for requests additional information, information related thereto; (iiiv) of the issuance by the SEC or any other federal or state governmental authority of Commission issues any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of initiates any proceedings Proceedings for that purpose, ; (ivvi) of the receipt by the Company Purchaser receives notice of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening threat of any proceeding Proceeding for such purpose, ; or (vvii) after the effective date of financial statements included or incorporated by reference in any Shelf Registration Statement filed pursuant become ineligible for inclusion or incorporation therein or any statement made in any Registration Statement or Prospectus or any document incorporated or deemed to this Agreement be incorporated therein by reference is untrue in any material respect or any revision to a Registration Statement, Prospectus or other document is required so that it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the occurrence of (but circumstances under which they were made, not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applymisleading.
(div) Use commercially reasonable best efforts to prevent avoid the issuance of, andof or, if issued, to obtain the withdrawal of (i) any order suspending the effectiveness of a Shelf any Registration Statement Statement, or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such orderas soon as practicable.
(ev) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish Furnish to each Notice Holder, counsel for the Holders Seller and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial PurchaserSellers’ Counsel, without charge, at least one (1) conformed copy of the Shelf each Registration Statement and any each amendment thereto, including financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein by reference reference, and all exhibits (unless requested in writing to the Company extent requested by such Notice Holder, Seller (including those previously furnished or incorporated by reference) promptly after the filing of such counsel or documents with the Initial Purchaser)Commission.
(gvi) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders Seller and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration StatementSellers’ Counsel, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Sellers may reasonably request; and the Company . The Purchaser hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the Sellers in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in the manner set forth thereinthereto.
(hvii) Use reasonable best efforts to maintain the listing of such Registrable Securities on each national securities exchange, market or trading or quotation facility on which the Shares are then listed or quoted (a “Trading Market”).
(viii) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use commercially reasonable best efforts to register or qualify or cooperate with the Notice Holders Sellers and Sellers’ Counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky blue sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests the Sellers request in writing (which request may provided, however, Purchaser shall not be included required to (x) qualify to do business in the Notice and Questionnaireany jurisdiction where it would not otherwise be required to qualify but for this Section 7(b)(viii); prior , (y) subject itself to general taxation in any public offering jurisdiction where it would not otherwise be so subject but for this Section 7(b)(viii), or (z) file a general consent to service of the Registrable Securities pursuant to the Shelf Registration Statementprocess in any such jurisdiction), use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of the Registrable Securities covered by a Registration Statement.
(ix) Cooperate with the Sellers to facilitate the timely preparation and delivery of certificates (if the Registrable Securities are certificated) representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free of all restrictive legends, and to enable such Registrable Securities to be in the manner set forth such denominations and registered in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify such names as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subjectPurchasers may request.
(ix) Upon (A) If the issuance financial statements included or incorporated by the SEC of a stop order suspending the effectiveness of the Shelf reference in any Registration Statement become ineligible for inclusion or incorporation therein or any statement made in any Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference is untrue in any material respect or file any revision to a Registration Statement, Prospectus or other document is required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that misleading, the Company may rely on information provided by each Notice Holder with respect to such Notice Holder)Purchaser shall, as thereafter delivered to the purchasers of the Registrable Securities being sold thereunderpromptly as reasonably possible, andprepare a supplement or amendment, in the case of including a post-effective amendment to a Shelf Registration Statementamendment, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice affected Registration Statement or a supplement to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of related Prospectus or any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are document incorporated or deemed to be incorporated therein by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) abovereference, and file any other required document so that, as promptly as is practicablethereafter delivered, (y) in neither the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not nor such Prospectus will contain any an untrue statement of a material fact or omits omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Sources: American Depositary Share Purchase Agreement (Grifols SA)
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than five Trading Days prior to the SEC a Shelf filing of each Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements supplement thereto with the SEC(excluding any document that would be incorporated or deemed incorporated therein by reference), the Company shall shall, (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) each Holder copies of all such documents proposed to be filed filed, which documents (other than those incorporated or deemed to be incorporated by reference) will be subject to the review of such Holders, and use commercially (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel to reflect in each such document when so filed with conduct a reasonable investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery Securities Act. The Company shall not file the Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of a majority of the Registrable Securities shall reasonably and in good faith object, provided, the Company is notified of such objection in writing no later than 5 Trading Days after the Holders have been so furnished copies to the Initial Purchaser and of such counseldocuments.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf a Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf a Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplementsupplement (subject to the terms of this Agreement), and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible, and in any event within 15 Trading Days, to any comments received from the Commission with respect to a Registration Statement or any similar provisions then in force) under amendment thereto and as promptly as reasonably possible provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to a Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf a Registration Statement during the Effectiveness Period applicable period in accordance (subject to the terms of this Agreement) with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As If during the Effectiveness Period, the number of Registrable Securities at any time exceeds 90% of the number of shares of Common Stock then registered in a Registration Statement, then the Company shall file as soon as reasonably practicable but in any case prior to the applicable Filing Date, an additional Registration Statement covering the resale of by the Holders of not less than 130% of the number of such Registrable Securities.
(d) Notify the Holders of Registrable Securities to be sold (which notice shall, pursuant to clauses (ii) through (vi) hereof shall be accompanied by an instruction to suspend the use of the Prospectus until the requisite changes have been made) as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than five Trading Days prior to such filing) and (if requested by any such Person) confirm such notice to in writing no later than one Trading Day following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a “review” of such Registration Statement and whenever the Commission comments in writing on such Registration Statement (the Company shall provide true and complete copies thereof and all written responses thereto to each of the Holders); and (C) with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf a Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of or details concerning) financial statements included in a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (ineligible for inclusion therein or as required pursuant to Section 3(i)), state that it constitutes any statement made in a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing to the Company by such Notice Holder, such counsel any material respect or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with that requires any sale of Registrable Securities pursuant revisions to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holderother documents so that, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC case of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading misleading; and (it being understood vi) the occurrence or existence of any pending corporate development with respect to the Company that the Company believes may rely on information provided be material and that, in the determination of the Company, makes it not in the best interests of the Company to allow continued availability or the Registration Statement or Prospectus.
(e) Promptly deliver to each Holder, without charge, as many copies of the Prospectus or Prospectuses (including each form of prospectus) and each amendment or supplement thereto as such Persons may reasonably request. Subject to the terms of this Agreement, the Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by each Notice Holder of the selling Holders in connection with respect to such Notice Holder), as thereafter delivered to the purchasers offering and sale of the Registrable Securities being sold thereundercovered by such Prospectus and any amendment or supplement thereto.
(f) Use commercially reasonable efforts to register or qualify the resale of such Registrable Securities as required under applicable securities or Blue Sky laws of each State within the United States as any Holder requests in writing, andto keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period; provided, that the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified or subject the case Company to any material tax in any such jurisdiction where it is not then so subject.
(g) Cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request.
(h) Upon the occurrence of any event contemplated this Section 3, as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment amendment, to a Shelf Registration Statement, subject Statement or a supplement to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of related Prospectus or any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are document incorporated or deemed to be incorporated therein by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) abovereference, and file any other required document so that, as promptly as is practicablethereafter delivered, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf neither a Registration Statement does not nor such Prospectus will contain any an untrue statement of a material fact or omits omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without If the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days notifies the Holders in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection accordance with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, clauses (ii) disclosure through (vi) of such information is required by law (including any disclosure requirements pursuant Section 3(d) above to federal securities laws in connection with suspend the filing use of any Shelf Registration Statement or the use of any Prospectus referred until the requisite changes to in this Agreementsuch Prospectus have been made, or the Company otherwise notifies the Holders of its election to suspend the availability of a Registration Statement and Prospectus pursuant to clause (vi) of Section 3(d), (iii) then the Holders shall suspend use of such information becomes generally available Prospectus. The Company will use its best efforts to ensure that the public other than use of the Prospectus may be resumed as a result promptly as is practicable, except that in the case of suspension of the availability of a disclosure or failure Registration Statement and Prospectus pursuant to safeguard by any such person or clause (ivvi) such information becomes available to any such person from a source other than of Section 3(d), the Company shall not be required to take such action until such time as it shall determine that the continued availability of the Registration Statement and such source Prospectus is no longer not bound by a confidentiality agreement or is not otherwise under a duty in the best interests of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(ki) Comply with all applicable rules and regulations of the SEC and make generally available Commission.
(j) Use its best efforts to its securityholders earning statements avoid the issuance of, or, if issued, obtain the withdrawal of (which need not be auditedi) satisfying any order suspending the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date effectiveness of a Shelf Registration Statement, which statements shall cover said 12-month periodsor (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, at the earliest practicable moment.
(lk) Cooperate with The Company may require, at any time prior to the third Trading Day prior to the Filing Date, each Notice Holder to facilitate furnish to the timely preparation and delivery Company a statement as to the number of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statementshares of Common Stock beneficially owned by such Holder and, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted if requested by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior Commission, the controlling person thereof, within three Trading days of the Company’s request. During any periods that the Company is unable to any sale meet its obligations hereunder with respect to the registration of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities solely because any Holder fails to furnish such information within three Trading Days of the Company’s request, any liquidated damages that are in a form eligible for deposit with The Depository Trust accruing at such time shall be tolled until such information is delivered to the Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Sources: Registration Rights Agreement (U S Restaurant Properties Inc)
Registration Procedures. In connection with the Company's ----------------------- registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with shall effect such registrations on the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities selected by the Holders thereof Company to permit the resale of Transfer Restricted Securities in accordance with the intended method or methods of distribution disposition thereof, and use commercially reasonable efforts pursuant thereto the Company shall as expeditiously as reasonably possible:
(a) No fewer than five Business Days prior to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before the initial filing any Shelf of a Registration Statement or Prospectus and no fewer than two Business Days prior to the filing of any amendment or supplement thereto (excluding, unless requested, any amendments document that would be incorporated or supplements thereto with the SECdeemed to be incorporated therein by reference), the Company shall furnish to the Initial Purchaser registered (as of the most recent reasonably practicable date which shall not be more than two Business Days prior to the date such document is personally delivered, delivered to a next-day courier, deposited in the mail or telecopied, as the case may be) Holders, Special Counsel and counsel for the Holders and for the Initial Purchaser (ormanaging underwriters, if applicableany, separate counsel for the Holders) copies of all such documents proposed to be filed (excluding, unless requested, those incorporated or deemed to be incorporated by reference) and use commercially reasonable efforts to reflect in each such document when so filed with cause the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days officers and directors of the delivery of such copies Company, counsel to the Initial Purchaser Company and independent certified public accountants to the Company to respond to such counsel.inquiries as shall be necessary in connection with such Registration Statement, in the opinion of Special Counsel and counsel to such underwriters, to conduct a reasonable investigation within the meaning of the Securities Act. The Company shall not file any such Registration Statement or related Prospectus or any amendments or supplements thereto to which the Holders of a majority in aggregate principal amount of the Transfer Restricted Securities, Special Counsel, or the managing underwriters, if any, shall reasonably object on a timely basis;
(b) Prepare and file with the SEC such amendments and post-amendments, including post- effective amendments amendments, to each Shelf Registration Statement as may be necessary to keep such Shelf Registration Statement continuously effective until for the expiration of the Effectiveness Periodapplicable time period set forth in Section 2(a) hereof; cause the related Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; Act and use commercially reasonable efforts to comply with the provisions of the Securities Exchange Act applicable to it with respect to the disposition of all securities covered by such Shelf Registration Statement during the Effectiveness Period such period in accordance with the intended method or methods of disposition by the sellers thereof Holder set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplemented.supplemented (including, without limitation, the filing of any Prospectus supplement pursuant to Rule 424 in order to add or change any selling security holder information (including any such supplements or amendments pursuant to Section 2(c) hereof, provided such Holder -------- to which such change applies complies with the Requisite Information requirements of Section 2(c) hereof));
(c) As promptly Notify the registered (as of the most recent reasonably practicable give notice date which shall not be more than two Business Days prior to the Notice date such notice is personally delivered, delivered to a next-day courier, deposited in the mail or telecopied, as the case may be) Holders, Special Counsel and the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (ormanaging underwriters, if applicableany, separate counsel for promptly (and in the Holderscase of an event specified by clause (i)(A) of this paragraph in no event fewer than two Business Days prior to such filing), and (iif requested by any such person), confirm such notice in writing, (i)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment is proposed to a Shelf Registration Statement has been filed with the SEC be filed, and, (B) with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, (ii) of any request, following the effectiveness request of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal Federal or state governmental authority for amendments or supplements to any Shelf such Registration Statement or related Prospectus or for additional informationinformation related thereto, (iii) of the issuance by the SEC SEC, any state securities commission, any other governmental agency or any other federal or state governmental authority court of any stop order, order or injunction suspending or enjoining the use or the effectiveness of any Shelf the Registration Statement or the initiation or threatening of any proceedings for that purpose, (iv) if at any time any of the representations and warranties of the Company contained in any agreement (including any underwriting agreement) contemplated by Section 4(m) hereof are not true and correct in all material respects, (v) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Transfer Restricted Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact as a result and the happening of which any Shelf event that makes any statement made in such Registration Statement shall contain any or related Prospectus untrue statement of a material fact or omit to state in any material fact required to be stated therein or necessary to make the statements therein not misleadingrespect, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make that requires the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence making of any pending corporate development that, changes in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf such Registration Statement and the related or Prospectus (a "Material Event"), (i) so that in the case of clause (B) or (C) abovethe Registration Statement, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleadingmisleading and that, and in the case of the Prospectus, such Prospectus does will not contain any untrue statement of a material fact or omit to state any material 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 misleading;
(it being understood that d) Use its best efforts to avoid the Company may rely on information provided by each Notice Holder with respect to such Notice Holder)issuance of, as thereafter delivered to or, if issued, obtain the purchasers withdrawal of any stop order or order enjoining or suspending the use or effectiveness of a Registration Statement or the lifting of any suspension of the Registrable qualification (or exemption from qualification) of any of the Transfer Restricted Securities for sale in any jurisdiction, at the earliest practicable moment;
(e) If requested by the Special Counsel, the managing underwriters, if any, or the Holders of a majority in aggregate principal amount of the Transfer Restricted Securities being sold thereunderin connection with such offering, and, (i) promptly include in the case of a Prospectus supplement or post-effective amendment to a Shelf Registration Statementsuch information as the Special Counsel, subject to the next sentencemanaging underwriters, use commercially reasonable efforts to cause it to if any, and such Holders agree should be declared effective as promptly as is practicableincluded therein, and (ii) give notice make all required filings of such Prospectus supplement or such post-effective amendment as soon as reasonably practicable after the Company has received notification of the matters to be included in such Prospectus supplement or post-effective amendment; provided, however, that the Notice Holders and Company shall not be required to take -------- ------- any action pursuant to this Section 4(e) that would, in the opinion of counsel for the Holders Company, violate applicable law or which is not reasonably required to comply with applicable securities laws;
(f) Furnish to each Holder who so requests, Special Counsel and for the Initial Purchaser (oreach managing underwriter, if applicableany, separate counsel for without charge, at least one conformed copy of each Registration Statement and each amendment thereto, including financial statements (but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits, unless requested in writing by such Holder, Special Counsel or managing underwriter);
(g) Deliver to each Holder, the Holders) that Special Counsel, and the availability underwriters, if any, without charge, as many copies of the Shelf Prospectus or Prospectuses (including each form of Prospectus) and each amendment or supplement thereto to as such persons may reasonably request; and, unless the Company shall have given notice to such Holder pursuant to Section 4(c)(vi), the Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by each of the selling Holders of Transfer Restricted Securities and the underwriters, if any, in connection with the offering and sale of the Transfer Restricted Securities covered by such Prospectus and any amendment or supplement thereto, provided, however, that no Holder shall be -------- ------- entitled to use the Prospectus unless and until such Holder shall have furnished to the Company any and all Requisite Information pursuant to Section 2(c) hereof;
(h) Use its best efforts to register or qualify, or cooperate with the Holders of Transfer Restricted Securities to be sold or tendered for, the underwriters, if any, and their respective counsel in connection with the registration or qualification (or exemption from such registration or qualification) of, such Transfer Restricted Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Holder or underwriter reasonably requests in writing, keep each such registration or qualification (or exemption therefrom) effective during the period such Registration Statement is suspended (a "Suspension Notice") and, upon receipt of required to be kept effective and do any Suspension Notice, each Notice Holder agrees not and all other acts or things necessary legally to sell any Registrable Securities pursuant to enable the disposition in such Shelf Registration Statement until such Notice Holder's receipt of copies jurisdictions of the supplemented Transfer Restricted Securities covered by the applicable Registration Statement; provided, however, that the Company shall not be -------- ------- required to qualify generally to do business in any jurisdiction where it is not then so qualified, take any action that would subject it to general service of process in any such jurisdiction where it is not then so subject or amended Prospectus provided for subject the Company to any tax in clause any such jurisdiction where it is not then so subject;
(i) above, In connection with any sale or until it is advised in writing by the Company transfer of Transfer Restricted Securities that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference will result in such Prospectus. The Company will use commercially reasonable efforts securities no longer being Transfer Restricted Securities, cooperate with the Holders and the managing underwriters, if any, to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) abovefacilitate the timely preparation and delivery of certificates representing Transfer Restricted Securities to be sold, which certificates shall not bear any restrictive legends, shall bear a CUSIP number different from the CUSIP number for the Transfer Restricted Securities and shall be in a form eligible for deposit with The Depository Trust Company and (B) enable such Transfer Restricted Securities to be in such denominations and registered in such names as the managing underwriters, if any, or Holders may reasonably request at least two Business Days prior to any sale of Transfer Restricted Securities;
(j) Use its best efforts to cause the offering of the Transfer Restricted Securities covered by the Registration Statement to be registered with or approved by such other governmental agencies or authorities within the United States, except as may be reasonably required as a consequence of the nature of a Holder's business, in which case the Company will cooperate in all reasonable respects with the filing of such Registration Statement and the granting of such approvals as may be reasonably necessary to enable the seller or sellers thereof or the underwriters, if any, to consummate the disposition of such Transfer Restricted Securities; provided, however, that the Company shall -------- ------- not be required to register the Transfer Restricted Securities in any jurisdiction that would require the Company to qualify to do business in any jurisdiction where it is not then so qualified, subject it to general service of process in any such jurisdiction where it is not then so subject or subject the Company to any tax in any such jurisdiction where it is not then so subject or to;
(k) Upon the occurrence of any event contemplated by Section 4(c)(vi) hereof, as promptly as is reasonably practicable, (y) in prepare a supplement or amendment, including, if appropriate, a post-effective amendment, to each Registration Statement or a supplement to the case of clause (B) aboverelated Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as soon asthereafter delivered, in the reasonable judgment of the Company, the Shelf Registration Statement does such Prospectus will not contain any an untrue statement of a material fact or omits omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading;
(l) Prior to the effective date of the first Registration Statement relating to the Transfer Restricted Securities, to provide a CUSIP number for the Transfer Restricted Securities to be sold pursuant to the Registration Statement;
(m) Enter into such agreements (including an underwriting agreements in form, scope and substance as are customary in underwritten offerings) reasonably satisfactory to the Company and take all such other reasonable actions in connection therewith (zincluding those reasonably requested by the managing underwriters, if any, or the Holders of a majority in aggregate principal amount of the Transfer Restricted Securities being sold) in order to expedite or facilitate the case sale of clause (C) abovesuch Transfer Restricted Securities; provided, as soon ashowever, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without that the Company incurring any obligation is required to pay liquidated damages pursuant facilitate no more than two -------- ------- underwritten offerings. In such connection, regardless of whether an underwriting agreement is entered into and regardless of whether the registration is an underwritten registration, (i) make such representations and warranties to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable SecuritiesTransfer Restricted Securities and the underwriters, and any broker-dealersif any, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of with respect to the Company and its subsidiaries, and cause the appropriate officers, directors and employees business of the Company and its subsidiaries (including with respect to make available for inspection during normal business hours all relevant information reasonably requested businesses or assets acquired or to be acquired by such representatives for any of them), and the Notice HoldersRegistration Statement, Prospectus and documents, if any, incorporated or any such broker-dealers, attorneys or accountants in connection with such dispositiondeemed to be incorporated by reference therein, in each case case, in form, substance and scope as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree are customarily made by issuers to underwriters in writing with the Company that any information that is underwritten offerings and reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust acceptable to the Company, and provided that confirm the foregoing inspection same if and information gathering shall, when requested; (ii) seek to obtain opinions of counsel to the greatest extent possibleCompany and updates thereof (which counsel and opinions (in form, scope and substance) shall be coordinated on behalf of all reasonably satisfactory to the Notice managing underwriters, if any, and Special Counsel to the Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC Transfer Restricted Securities being sold), addressed to each selling Holder of Transfer Restricted Securities and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) each of the Securities Act underwriters, if any, covering the matters customarily covered in opinions requested in underwritten offerings (including any such matters as may be reasonably requested by such Special Counsel and Rule 158 thereunder underwriters); (or any similar rule promulgated under iii) use all reasonable efforts to obtain customary "cold comfort" letters and updates thereof from the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter independent certified public accountants of the Company commencing after (and, if necessary, any other independent certified public accountants of any subsidiary of the effective date Company or of a Shelf any business acquired by the Company for which financial statements and financial data is, or is required to be, included in the Registration Statement), which statements shall cover said 12-month periods.
addressed (lwhere reasonably possible) Cooperate with to each Notice selling Holder to facilitate of Transfer Restricted Securities and each of the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statementunderwriters, which certificates shall not bear any restrictive legendsif any, and cause such Registrable Securities letters to be in customary form and covering matters of the type customarily covered in "cold comfort" letters in connection with underwritten offerings; (iv) if an underwriting agreement is entered into, the same shall contain indemnification provisions and procedures no less favorable to the selling Holders of Transfer Restricted Securities and the underwriters, if any, than those set forth in Section 6 hereof (or such denominations as are permitted by other provisions and procedures acceptable to Holders of a majority in aggregate principal amount of the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Transfer Restricted Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee managing underwriters); and (v) deliver such documents and certificates as may be reasonably requested by the transfer agent for Holders of majority in aggregate principal amount of the Common Stock Transfer Restricted Securities being sold, their Special Counsel or the managing underwriters, if any, to evidence the continued validity of the representations and warranties made pursuant to clause (i) of this Section 4(m) and to evidence compliance with certificates for any customary conditions contained in the Registrable Securities that are in a form eligible for deposit with The Depository Trust underwriting agreement or other agreement entered into by the Company.;
(n) Cooperate and assist Make available for inspection by a representative of the Holders of Transfer Restricted Securities being sold, any underwriter participating in any filings rsuch disposition of Transfer Restricted Securities, if any, and any attorney, consul
Appears in 1 contract
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) : Prepare and file with the SEC Commission on or prior to the Filing Date, a Shelf Registration Statement or Shelf Registration Statements on Form S-1 SB-2 (or S-3 or any other appropriate form under if the Securities Act available Company is not then eligible to register for the sale of resale the Registrable Securities by the Holders thereof on Form SB-2 such registration shall be on another appropriate form in accordance herewith) in accordance with the intended method or methods of distribution thereofthereof as specified by the Seller (except if otherwise directed by the Seller), and use commercially reasonable efforts to cause each such Shelf the Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counsel.
(b) . Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf the Registration Statement as may be necessary to keep such Shelf the Registration Statement continuously effective until as to the expiration applicable Registrable Securities for a period of one hundred twenty (120) days; provided, however, that (i) such 120-day period shall be extended for a period of time equal to the period during which the Seller refrains from selling any securities included in such registration in accordance with the provisions set forth in Section 8 hereof (together the "Effectiveness Period"); (ii) cause the related Prospectus prospectus to be amended or supplemented by any required Prospectus prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 (or any similar provisions then in force) promulgated under the Securities Act; (iii) respond as promptly as possible to any comments received from the Commission with respect to the Registration Statement or any amendment thereto and use commercially reasonable efforts as promptly as possible provide the Seller true and complete copies of all correspondence from and to the Commission relating to the Registration Statement; and (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Seller thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus prospectus as so supplemented.
(c) As . Notify the Seller of Registrable Securities to be sold and any Special Counsel as promptly as practicable give possible (and, in the case of (i)(A) below, not less than five (5) business days prior to such filing) and (if requested by the Seller) confirm such notice to in writing no later than one (1) business day following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement prospectus supplement or post-effective amendment to a Shelf the Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a "review" of such Registration Statement and whenever the Commission comments in writing on such Registration Statement and (C) with respect to a Shelf the Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf the Registration Statement or related Prospectus prospectus or for additional information, ; (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf the Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) if at any time any of the representations and warranties of the Company contained in any agreement contemplated hereby cease to be true and correct in all material respects; (v) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event ; and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal occurrence of any order suspending event that makes any statement made in the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing any material respect or that requires any revisions to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without chargeprospectus or other documents so that, as many copies in the case of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Actprospectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which Company shall promptly furnish to Seller's counsel, if any, without charge, (i) any correspondence from the availability of Commission or the Shelf Commission's staff to the Company or its representatives relating to any Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information promptly after the same is required by law (including any disclosure requirements pursuant to federal securities laws in connection prepared and filed with the filing Commission, a copy of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available written response to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person correspondence received from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Commission. Cooperate with each Notice Holder the Seller to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold pursuant to a Shelf Registration Statement, which certificates shall not bear any be free of all restrictive legends, and cause to enable such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder the Seller may request in writing at least two (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Sources: Registration Rights Agreement (International Microcomputer Software Inc /Ca/)
Registration Procedures. In connection with the registration obligations of the Company under Section 2 hereof, the Company shall:
(a) Prepare and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable its best efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish to the Initial Purchaser Purchasers and counsel for the Holders and for the Initial Purchaser Purchasers (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed at least five (5) Business Days prior to such filing and use commercially reasonable its best efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days propose. The Company shall not file any Registration Statement or Prospectus or any amendments or supplements thereto if the Holders of the delivery a majority in Amount of Registrable Securities covered by such copies to the Initial Purchaser and such counselRegistration Statement shall reasonably object.
(b) Prepare and file with the SEC such amendments and post-effective amendments to each Shelf Registration Statement as may be necessary to keep such Shelf Registration Statement continuously effective until the expiration of the Effectiveness Period; cause the related Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; and use commercially reasonable its best efforts to comply with the provisions of the Securities Act applicable to it with respect to the disposition of all securities covered by such Shelf Registration Statement during the Effectiveness Period in accordance with the intended methods of disposition by the sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented. Subject to Section 3(a), the Company shall be deemed not to have used its best efforts to keep a Shelf Registration Statement effective during the Effectiveness Period if it voluntarily takes any action that would result in selling Holders of the Registrable Securities covered thereby not being able to sell such Registrable Securities during that period unless such action is required by applicable law or unless the Company complies with this Agreement, including without limitation the provisions of Section 4(j).
(c) As promptly as practicable give notice to the Notice Holders, the Initial Purchaser Purchasers and counsel for the Holders and for the Initial Purchaser Purchasers (or, if applicable, separate counsel for the Holders) (i) when any Prospectus, Prospectus supplement, Shelf Registration Statement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order or other order suspending the effectiveness of any Shelf Registration Statement or preventing or suspending the use of any preliminary prospectus or other Prospectus or the initiation or threatening of any proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event Event, (vi) of the happening of any event, the existence of any condition or any information becoming known that makes any statement made in a Registration Statement or related Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires the making of any changes in or amendments or supplements to such Registration Statement, Prospectus or documents so that, in the case of the Registration Statement, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and that in the case of the Prospectus, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading and (vivii) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i4(j)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i4(j) shall apply.
(d) Use commercially reasonable its best efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or preventing or suspending the use of a Prospectus or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser Purchasers of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Purchasers or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial PurchaserPurchasers, such Notice Holder or counsel for the Holders and for the Initial Purchaser Purchasers (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e4(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser Purchasers (or, if applicable, separate counsel for the Holders) and the Initial PurchaserPurchasers, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements and schedules, but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial PurchaserPurchasers).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser Purchasers (or, if applicable, separate counsel for the Holders) and the Initial PurchaserPurchasers, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser Purchasers may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable its best efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable its best efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's ’s offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Use its reasonable best efforts to cause the Registrable Securities covered by any Shelf Registration Statement to be registered with or approved by such other governmental agencies or authorities as may be reasonably necessary to enable the seller or sellers thereof to consummate the disposition of such Registrable Securities, except as may be required solely as a consequence of the nature of such selling Holder’s business, in which case the Company will cooperate in all reasonable respects with the filing of such Registration Statement and the granting of such approvals.
(j) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development (a “Material Event”) that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable its best efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser Purchasers (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "“Suspension Notice"”) and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's ’s receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable its best efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "“Suspension Period"”) without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) 3 shall not exceed thirty forty-five (3045) days in the aggregate in any three (3) month period or one hundred twenty and ninety (12090) days in the aggregate in any twelve (12) month period.
(jk) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "“due diligence" ” examinations; provided, however, that such persons shall, at the Company's ’s request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Sources: Registration Rights Agreement (Cooper Cameron Corp)
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than five Trading Days prior to the SEC a Shelf filing of each Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements supplement thereto with the SEC(including any document that would be incorporated or deemed to be incorporated therein by reference), the Company shall shall, (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) each Holder copies of all such documents proposed to be filed filed, which documents (other than those incorporated or deemed to be incorporated by reference) will be subject to the review of such Holders, and use commercially (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel to reflect in each such document when so filed with conduct a reasonable investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery Securities Act. The Company shall not file the Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of a majority of the Registrable Securities shall reasonably and in good faith object, provided, the Company is notified of such objection in writing no later than 3 Trading Days after the Holders have been so furnished copies to the Initial Purchaser and of such counseldocuments.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf a Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf a Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplementsupplement (subject to the terms of this Agreement), and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible, and in any event within 10 Trading Days, to any comments received from the Commission with respect to a Registration Statement or any similar provisions then in force) under amendment thereto and as promptly as reasonably possible provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to a Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf a Registration Statement during the Effectiveness Period applicable period in accordance (subject to the terms of this Agreement) with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As If during the Effectiveness Period, the number of Registrable Securities at any time exceeds 85% of the number of shares of Common Stock then registered in a Registration Statement, then the Company shall file as soon as reasonably practicable but in any case prior to the applicable Filing Date, an additional Registration Statement covering the resale by the Holders of not less than 150% of the number of such Registrable Securities.
(d) Notify the Holders of Registrable Securities to be sold (which notice shall, pursuant to clauses (ii) through (vi) hereof, shall be accompanied by an instruction to suspend the use of the Prospectus until the requisite changes have been made) as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than five Trading Days prior to such filing) and (if requested by any such Person) confirm such notice to in writing no later than one Trading Day following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a “review” of such Registration Statement and whenever the Commission comments in writing on such Registration Statement (the Company shall provide true and complete copies thereof and all written responses thereto to each of the Holders); and (C) with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf a Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of or details concerning) financial statements included in a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (ineligible for inclusion therein or as required pursuant to Section 3(i)), state that it constitutes any statement made in a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing to the Company by such Notice Holder, such counsel any material respect or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with that requires any sale of Registrable Securities pursuant revisions to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holderother documents so that, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC case of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading misleading; and (it being understood vi) the occurrence or existence of any pending corporate development with respect to the Company that the Company believes may rely on be material and that, in the determination of the Company, makes it not in the best interest of the Company to allow continued availability of the Registration Statement or Prospectus; provided that any and all of such information provided shall remain confidential to each Holder until such information otherwise becomes public, unless disclosure by a Holder is required by law; provided, further, notwithstanding each Holder’s agreement to keep such information confidential, the Holders make no acknowledgement that any such information is material, non-public information.
(e) Promptly deliver to each Holder, without charge, as many copies of the Prospectus or Prospectuses (including each form of prospectus) and each amendment or supplement thereto as such Persons may reasonably request. Subject to the terms of this Agreement, the Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by each Notice Holder of the selling Holders in connection with respect to such Notice Holder), as thereafter delivered to the purchasers offering and sale of the Registrable Securities being sold thereundercovered by such Prospectus and any amendment or supplement thereto.
(f) Use commercially reasonable efforts to register or qualify the resale of such Registrable Securities as required under applicable securities or Blue Sky laws of each State within the United States as any Holder requests in writing, andto keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period; provided, that the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified or subject the case Company to any material tax in any such jurisdiction where it is not then so subject.
(g) Cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request.
(h) Upon the occurrence of any event contemplated by this Section 3, as promptly as reasonably possible under the circumstances taking into account the Company’s good faith assessment of any adverse consequences to the Company and its stockholders of the premature disclosure of such event, prepare a supplement or amendment, including a post-effective amendment amendment, to a Shelf Registration Statement, subject Statement or a supplement to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of related Prospectus or any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are document incorporated or deemed to be incorporated therein by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) abovereference, and file any other required document so that, as promptly as is practicablethereafter delivered, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf neither a Registration Statement does not nor such Prospectus will contain any an untrue statement of a material fact or omits omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and . If the Company notifies the Holders in accordance with clauses (zii) in through (vi) of Section 3(d) above to suspend the case of clause (C) above, as soon as, in the reasonable discretion use of the Companyuse of any Prospectus until the requisite changes to such Prospectus have been made, then the Holders shall suspend use of such suspension is no longer appropriateProspectus. The period during which Company will use its best efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable. The Company shall be entitled to exercise its right under this Section 3(h) to suspend the availability of the Shelf a Registration Statement and any Prospectus may be suspended (Prospectus, subject to the "Suspension Period") without the Company incurring any obligation to pay payment of liquidated damages pursuant to Section 2(e2(b), for a period not to exceed 60 days (which need not be consecutive days) shall not exceed thirty (3090 days if such suspension is directly and solely related to pending disclosure of a completed acquisition) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) 12 month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available Commission.
(j) Use its reasonable best efforts to its securityholders earning statements avoid the issuance of, or, if issued, obtain the withdrawal of (which need not be auditedi) satisfying any order suspending the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date effectiveness of a Shelf Registration Statement, which statements shall cover said 12-month periodsor (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, at the earliest practicable moment.
(lk) Cooperate with The Company may require, at any time prior to the third Trading Day prior to the Filing Date, each Notice Holder to facilitate furnish to the timely preparation and delivery Company a statement as to the number of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statementshares of Common Stock beneficially owned by such Holder and, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted if requested by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior Commission, the controlling person thereof, within three Trading days of the Company’s request. During any periods that the Company is unable to any sale meet its obligations hereunder with respect to the registration of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities solely because any Holder fails to furnish such information within three Trading Days of the Company’s request, any liquidated damages that are in a form eligible for deposit with The Depository Trust accruing at such time shall be tolled and any Event that may otherwise occur solely because of such delay shall be suspended, until such information is delivered to the Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Sources: Registration Rights Agreement (Paincare Holdings Inc)
Registration Procedures. In connection with the registration obligations Subject to Section 4.4, whenever any Registrable Securities are to be registered pursuant to Section 4.1 or Section 4.2 of the Company under Section 2 hereofthis Agreement, the Company shall:
(a) Prepare will use its commercially reasonable efforts to effect the registration and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the such Registrable Securities by the Holders thereof as soon as reasonably practicable in accordance with the intended method or methods of distribution thereofdisposition thereof and pursuant thereto. The Company shall:
4.8.1 Prepare and file, within ninety (90) days of Closing, with respect to a registration pursuant to Section 4.1, and within (90) days of the receipt of the request, with respect to a registration pursuant to Section 4.2, with the SEC a Registration Statement with respect to such Registrable Securities, make all required filings with the Financial Industry Regulatory Authority and thereafter use its commercially reasonable efforts to cause each such Shelf Registration Statement to become effective as soon as reasonably practicable and to remain effective as provided herein; provided that that, before filing any Shelf a Registration Statement or Prospectus or any amendments or supplements thereto with the SECthereto, the Company shall will, at the Company’s expense, furnish or otherwise make available to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) ’ Counsel copies of all such documents proposed to be filed and use commercially such other documents reasonably requested by such counsel, which documents will be subject to the review and reasonable efforts to reflect in each comment of such document when so filed with counsel at the Company’s expense, including any comment letter from the SEC with respect to such comments as filing or the documents incorporated by reference therein, and if requested by such counsel, provide such counsel reasonably shall propose reasonable opportunity to participate in the preparation of such Registration Statement and such other opportunities to conduct a reasonable investigation within three (3) Business Days the meaning of the delivery of such copies Securities Act, including reasonable access to the Initial Purchaser Company’s financial books and such counsel.records, officers, accountants and other advisors;
(b) 4.8.2 Prepare and file with the SEC such amendments and post-effective amendments supplements to each Shelf such Registration Statement as may be necessary to keep such Shelf Registration Statement continuously effective until for a period of either (i) not less than if such Registration Statement relates to an underwritten offering, such period as, based upon the opinion of counsel for the underwriters, a prospectus is required by law to be delivered in connection with sales of Registrable Securities by an underwriter or dealer or such shorter period as will terminate when all of the securities covered by such Registration Statement have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such Registration Statement (but in any event not before the expiration of any longer period required under the Effectiveness Period; Securities Act) or (ii) continuously in the case of shelf registration statements and any shelf registration statement shall be re-filed upon its expiration (or in each case, such shorter period ending on the date that the securities covered by such shelf registration statement cease to constitute Registrable Securities), and cause the related Prospectus prospectus to be supplemented by any required Prospectus supplementprospectus supplement as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of the securities covered by such Registration Statement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; ;
4.8.3 Furnish to each participating Holder, and use each managing underwriter, if any, such number of copies, without charge, of such Registration Statement, each amendment and supplement thereto, including each preliminary prospectus, final prospectus, any other prospectus (including any prospectus filed under Rule 424, Rule 430A or Rule 430B of the Securities Act and any “issuer free writing prospectus” as such term is defined under Rule 433 promulgated under the Securities Act), all exhibits and other documents filed therewith and such other documents as such Holder or such managing underwriter may reasonably request including in order to facilitate the disposition of the Registrable Securities owned by such Holder, and upon request a copy of any and all transmittal letters or other correspondence to or received from, the SEC or any other Governmental Authority relating to such offer;
4.8.4 Use commercially reasonable efforts to comply with register or qualify (or exempt from registration or qualification) such Registrable Securities, and keep such registration or qualification (or exemption therefrom) effective, under such other securities or blue sky laws of such United States jurisdictions as any participating Holder reasonably requests and do any and all other acts and things that may be reasonably necessary or reasonably advisable to enable such Holder to consummate the disposition in such jurisdictions of the Registrable Securities owned by such Holder (provided that, the Company will not be required to (i) qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this subsection, (ii) subject itself to taxation in any such jurisdiction, or (iii) consent to general service of process in any such jurisdiction);
4.8.5 Notify each participating Holder, the Holders’ Counsel and the managing underwriter(s), if any, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the discovery of the happening of any event that makes any statement made in the Registration Statement or related prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires the making of any changes in such Registration Statement, prospectus or documents and, as soon as reasonably practicable (but subject to the delay provisions of Section 4.4), prepare and furnish to such Holder a reasonable number of copies of a supplement or amendment to such prospectus so that, in the Securities Act applicable case of the Registration Statement, it will not contain any untrue statement of material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, not misleading, and that in the case of any prospectus, it with respect will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the disposition statement therein, in light of all securities covered by such Shelf Registration Statement during the Effectiveness Period circumstances in accordance with the intended methods of disposition by the sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented.which they were made, not misleading;
(c) As promptly as practicable give notice to the Notice Holders4.8.6 Notify each participating Holder, the Initial Purchaser Holders’ Counsel and counsel for the Holders and for the Initial Purchaser (ormanaging underwriter(s), if applicableany, separate counsel for the Holders) (i) when any Prospectus, Prospectus supplement, Shelf such Registration Statement or the prospectus or any prospectus supplement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf such Registration Statement or any post-effective amendment, when the same has been declared become effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf such Registration Statement or related Prospectus to amend or to supplement such prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf such Registration Statement or the initiation or threatening of any proceedings for such purpose, to the extent that purposeit is aware of such proceedings, (iv) if at any time the representations and warranties of the Company contained in any underwriting agreement contemplated by Section 4.8.11 below cease to be true and correct in any material respect, and (v) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of ;
4.8.7 Upon the occurrence of an event contemplated in Section 4.8.5 or in Section 4.8.6(ii), 4.8.6(iii), 4.8.6(iv) or 4.8.6(v) (but not subject to the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the delay provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts 4.4), prepare a supplement or amendment to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or supplement to the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser related prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing reference, or file any other required document so that such prospectus as thereafter delivered to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the participating Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, misleading in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use ;
4.8.8 Use commercially reasonable efforts to cause it all such Registrable Securities to be declared listed on each securities exchange on which Common Stock issued by the Company is then listed or, if no similar securities issued by the Company are then listed on any securities exchange, use its commercially reasonable efforts to cause all such Registrable Securities to be listed on the AMEX or the NASDAQ stock market, as determined by the Company;
4.8.9 Provide a transfer agent and registrar for all such Registrable Securities not later than the effective date of such Registration Statement;
4.8.10 Enter into such customary agreements (including underwriting agreements and, lock-up agreements in customary form (excluding any lock-up of Registrable Securities), and including provisions with respect to indemnification and contribution in customary form) and take all such other customary actions as the participating Holders or the underwriters, if any, reasonably request in order to expedite or facilitate the disposition of such Registrable Securities (including, making members of management and executives of the Company available to participate in “road show,” similar sales events and other marketing activities;
4.8.11 In connection with any underwritten offering, make such representations and warranties to the participating Holders and the managing underwriter(s), if any, with respect to the business of the Company and the Company’s Subsidiaries, and the Registration Statement, prospectus, and documents incorporated or deemed to be incorporated by reference therein, in each case, in form, substance and scope as are customarily made by the issuer in underwritten offerings, and, if true, make customary confirmations of the same if and when requested;
4.8.12 If requested by any participating Holder, or the managing underwriter(s), if any, promptly include in a prospectus supplement or amendment such information as is practicablethe Holder or managing underwriter(s), if any, may reasonably request in order to permit the intended method of distribution of such securities and make all required filings of such prospectus supplement or such amendment as soon as reasonably practicable after the Company has received such request;
4.8.13 In the case of certificated Registrable Securities, cooperate with the participating Holders and the managing underwriter(s), if any, to facilitate the timely preparation and delivery of certificates (not bearing any legends) representing Registrable Securities to be sold after receiving written representations from each Holder that that the Registrable Securities represented by the certificates so delivered by such Holder will be transferred in accordance with the Registration Statement, and enable such Registrable Securities to be in such denominations and registered in such names as the Holders or managing underwriters, if any, may request at least two business days prior to any sale of such Registrable Securities;
4.8.14 Make available for inspection by any participating Holders and the Holders’ Counsel, any underwriter participating in any disposition pursuant to such Registration Statement and any attorney, accountant or other agent retained by any such Holder or underwriter, to the extent reasonably requested and solely for conducting customary due diligence, all financial and other records, pertinent corporate documents and documents relating to the business of the Company, and cause the Company’s officers, directors, employees and independent accountants to supply all information reasonably requested by any such Holder, underwriter, attorney, accountant or agent in connection with such Registration Statement, provided that, it shall be a condition to such inspection and receipt of such information that the inspecting person (i) enter into a confidentiality agreement in form and substance reasonably satisfactory to the Company and (ii) give notice agree to minimize the disruption to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal ’s business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the foregoing;
4.8.15 Otherwise use of any Prospectus referred its reasonable best efforts to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply comply with all applicable rules and regulations of the SEC and make generally available any applicable national securities exchange;
4.8.16 Timely provide to its securityholders security holders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under thereunder;
4.8.17 In the Securities Act) no later than 45 days after event of the end issuance of any 12-month period (or 90 days after stop order suspending the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date effectiveness of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate or of any order suspending or preventing the timely preparation and delivery use of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be related prospectus or ceasing trading of any securities included in such denominations as are permitted by Registration Statement for sale in any jurisdiction, use every commercially reasonable effort to promptly obtain the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale withdrawal of such Registrable Securities.order;
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than 4.8.18 In connection with any underwritten offering, obtain one or more comfort letters, addressed to the underwriters, if any, dated the effective date of such Shelf Registration Statement and the date of the closing under the underwriting agreement for such offering, signed by the Company’s independent registered public accountants (and if necessary, any other independent registered public accountants of any business acquired by the Company for which financial statements and financial data are, or are required to be, included in the Registration Statement) in customary form and covering such matters of the type customarily covered by comfort letters as such underwriters shall reasonably request;
4.8.19 In connection with any underwritten offering, provide legal opinions of the Trustee Company’s counsel, addressed to the underwriters, if any, dated the date of the closing under the underwriting agreement, with respect to the Registration Statement, each amendment and supplement thereto (including the preliminary prospectus) and such other documents relating thereto as the underwriter shall reasonably request in customary form and covering such matters of the type customarily covered by legal opinions of such nature; and
4.8.20 Obtain any required regulatory approval necessary for the Holders to sell their Registrable Securities in an offering, other than regulatory approvals required solely as a result of the nature of the Holder. As a condition to registering Registrable Securities, the Company may require each Holder as to which any registration is being effected to furnish the Company with such information regarding such Person and pertinent to the disclosure requirements relating to the registration and the transfer agent for distribution of such securities as the Common Stock with certificates for the Registrable Securities that are Company may from time to time reasonably request in a form eligible for deposit with The Depository Trust Companywriting.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with the SEC Commission on or prior to the Filing Date, a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other an appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended Securities Act and the rules and regulations promulgated thereunder in accordance with the method or methods of distribution thereofthereof as described on Annex A hereto, and use commercially reasonable best efforts to cause each such Shelf the Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counsel.
(b) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf the Registration Statement as may be necessary to keep such Shelf the Registration Statement continuously effective until (subject to Section 4.1(m)) as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements, if necessary, in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 (or any similar provisions then in force) promulgated under the Securities Act; respond promptly to any comments received from the Commission with respect to the Registration Statement or any amendment thereto and use commercially reasonable efforts promptly provide the Holders true and complete copies of all correspondence from and to the Commission relating to such Registration Statement; and comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As At the time the Commission declares the Registration Statement effective, each Holder shall be named as a selling stockholder in the Registration Statement and the related Prospectus in such a manner as to permit such Holder to deliver such Prospectus to purchasers of Registrable Securities included in the Registration Statement in accordance with applicable law, subject to the terms and conditions hereof. From and after the date the Registration Statement is declared effective, any Holder not named as a selling stockholder in the Registration Statement at the time of effectiveness may request that the Company amend or supplement the Registration Statement to include such Holder as a selling stockholder, and the Company shall, as promptly as practicable give notice to and in any event upon the Notice Holders, later of (x) ten (10) Business Days after such date or (y) ten (10) Business Days after the Initial Purchaser and counsel for the Holders and for the Initial Purchaser expiration of any Suspension Period (or, if applicable, separate counsel for the Holdersas defined in Section 4.1(m)) that is either in effect or put into effect within ten (10) Business Days of such date:
(i) when if required by applicable law, prepare and file with the Commission a post-effective amendment to the Registration Statement or prepare and, if required by applicable law, file a supplement to the related Prospectus or a supplement or amendment to any Prospectus, document incorporated therein by reference or file with the Commission any other required document so that the Holder is named as a selling stockholder in the Registration Statement and the related Prospectus supplement, in such a manner as to permit such Holder to deliver such Prospectus to purchasers of such Holder’s Registrable Securities included in the Shelf Registration Statement in accordance with applicable law and, if the Company shall file a post-effective amendment to the Registration Statement, use its reasonable best efforts to cause such post-effective amendment to be declared effective under the Securities Act as promptly as is practicable, but in any event by the date that is sixty (60) days after the date such post-effective amendment is required by this clause to be filed;
(ii) provide such Holder copies of any documents filed pursuant to Section 4.1(c)(i); and
(iii) notify such Holder as promptly as practicable after the effectiveness under the Securities Act of any post-effective amendment filed pursuant to Section 4.1(c)(i);
(d) Promptly notify the Holders of Registrable Securities (i)(A) when a Registration Statement, a Prospectus or any Prospectus supplement or pre- or post-effective amendment to a Shelf the Registration Statement has been filed with is filed; (B) when the SEC andCommission notifies the Company whether there will be a “review” of such Registration Statement and whenever the Commission comments in writing on such Registration Statement, and if requested by such Holders, furnish to them a copy of such comments and the Company’s responses thereto and (C) with respect to a Shelf the Registration Statement or any post-effective amendmentamendment filed by the Company, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf the Registration Statement or related Prospectus or for additional information, information of the Company; (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf the Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities of the Company for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; and (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event that makes any statement made in the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing any material respect or that requires any revisions to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and other documents so that, in the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use case of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading misleading.
(it being understood that e) Use reasonable best efforts to avoid the Company may rely on information provided by each Notice Holder with respect issuance of, and, if issued, to such Notice Holder)obtain the withdrawal of, as thereafter delivered to (i) any order suspending the purchasers effectiveness of the Registration Statement or (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities being sold thereunder, and, for sale in any U.S. jurisdiction.
(f) If requested by the case Holders of a majority of the Registrable Securities, (i) promptly incorporate in a Prospectus supplement or post-effective amendment to a Shelf the Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it Statement such information as such Holders reasonably request to be declared effective as promptly as is practicable, included therein with respect to themselves unless the inclusion of such information would reasonably be expected to expose the Company to liability under federal and state securities laws and regulations and (ii) give notice make all required filings of such Prospectus supplement or such post-effective amendment as soon as practicable after the Company has received notification of the matters to be incorporated in such Prospectus supplement or post-effective amendment.
(g) Furnish to each Holder, without charge and upon request, at least one conformed copy of each Registration Statement and each amendment thereto, including financial statements and schedules, and, to the Notice Holders extent requested by such Person, all documents incorporated or deemed to be incorporated therein by reference, and counsel for all exhibits (including those previously furnished or incorporated by reference) promptly after the Holders and for filing of such documents with the Initial Purchaser (orCommission, if applicableprovided, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of Company shall have no obligation to provide any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities document pursuant to such Shelf Registration Statement until such Notice this clause that is available on the Commission’s ▇▇▇▇▇ system.
(h) Promptly deliver to each Holder's receipt of , without charge, as many copies of the supplemented Prospectus or amended Prospectuses (including each form of prospectus) and each amendment or supplement thereto as such Persons may reasonably request; and the Company hereby consents to the use of such Prospectus provided for and each amendment or supplement thereto by each of the selling Holders in clause connection with the offering and sale of the Registrable Securities covered by such Prospectus and any amendment or supplement thereto to the extent permitted by federal and state securities laws and regulations.
(i) above, or until it is advised in writing by Cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities of the Company that to be sold pursuant to a Registration Statement.
(j) Upon the Prospectus may be used, and has received copies occurrence of any additional or supplemental filings that are incorporated or deemed incorporated event contemplated by reference in such Prospectus. The Company will use commercially reasonable efforts Section 4.1(d)(v), subject to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) aboveSection 4.1(m), as promptly as is practicablepracticable prepare a supplement or amendment, (y) in including a post-effective amendment, to the case of clause (B) aboveRegistration Statement or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as soon asthereafter delivered, in neither the reasonable judgment of the Company, the Shelf Registration Statement does not nor such Prospectus will contain any an untrue statement of a material fact or omits omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
(k) Use reasonable best efforts to cause all Registrable Securities relating to the Registration Statement to be listed on The Nasdaq Stock Market LLC or any subsequent securities exchange, quotation system or market, if any, on which similar securities issued by the Company are then listed or traded.
(l) The Company may require each selling Holder to furnish to the Company information regarding such Holder and the distribution of such Registrable Securities as is required by law to be disclosed in the Registration Statement, and the Company may exclude from such registration the Registrable Securities of any such Holder who fails to furnish such information within fifteen (z15) days after receiving such request.
(m) The Company shall be entitled to delay the filing or effectiveness of, or suspend the use of, the Registration Statement if it determines that in order for the Registration Statement to comply with the requirements of the Securities Act and not to contain a material misstatement or omission, (i) an amendment thereto would be needed to include information that would at that time not otherwise be required in a current, quarterly, or annual report under the Exchange Act, (ii) the negotiation or consummation of a transaction by the Company or its subsidiaries is pending or an event has occurred, which negotiation, consummation or event that the Board reasonably believes would require additional disclosure by the Company in the case Registration Statement of clause (C) above, as soon asmaterial information that the Company has a bona fide business purpose for keeping confidential and the non-disclosure of which in the Registration Statement would be expected, in the reasonable discretion determination of the Company, such suspension is no longer appropriate. The period during which Board to cause the availability of the Shelf Registration Statement and any Prospectus may be suspended to fail to comply with applicable disclosure requirements, or (iii) an amendment thereto so as to convert the "Suspension Period") without Registration Statement to a Registration Statement on Form S-3 at such time after the Company incurring any obligation becomes eligible to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty use such Form S-3 (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of each such Registrable Securitiescircumstance, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinationsa “Suspension Event”); provided, however, that such persons shall, at the Company's request, first agree in writing with the Company may not delay or suspend the Registration Statement on more than two occasions or for more than sixty (60) consecutive days, or more than ninety (90) total days, in each case during any twelve-month period; provided however that any information that is reasonably and in good faith designated no such postponement or suspension by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons permitted for more than one sixty (60) day period, arising out of the same set of facts, circumstances or transactions. Any period during which the Company has delayed a filing, an effective date or an offering pursuant to this Article IV is herein called a “Suspension Period.” The Company shall provide prompt written notice to participating Holders of the commencement and termination of any Suspension Period (and any withdrawal of a registration statement pursuant to this Section 4.1(m)), but shall not be used solely for the purposes of exercising rights obligated under this AgreementAgreement to disclose the reasons therefor. Holders shall keep the existence of each Suspension Period confidential and refrain from making offers and sales of Registrable Securities (and direct any other Persons making such offers and sales to refrain from doing so) during each Suspension Period under the applicable Registration Statement.
(n) The Company shall use reasonable best efforts to register or qualify, unless (i) disclosure or cooperate with the Holders of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws the Registrable Securities included in the Registration Statement in connection with the filing registration or qualification of, the resale of any Shelf Registration Statement the Registrable Securities under applicable securities or “blue sky” laws of such states of the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than United States as a result of a disclosure or failure to safeguard by any such person Holder requests in writing and to do any and all other acts or things necessary or advisable to enable the offer and sale in such jurisdictions of the Registrable Securities covered by the Registration Statement; provided, however, that the Company shall not be required to (i) qualify generally to do business in any jurisdiction where it is not then so qualified or (ivii) such information becomes available take any action that would subject it to general service of process or to taxation in any such person from a source other than the Company and such source jurisdiction to which it is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5then so subject.
(ko) Comply The Company will comply with all applicable rules and regulations of the SEC Commission to the extent and so long as they are applicable to the registration and will make generally available to its securityholders earning statements security holders (or otherwise provide in accordance with Section 11(a) of the Securities Act) an earnings statement (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) thereunder, no later than 45 days after the end of any a 12-month period (or 90 days after the end of any 12-month period days, if such period is a fiscal year) commencing on beginning with the first day of the Company’s first fiscal quarter of the Company commencing after the effective date of a Shelf the Registration Statement.
(p) In the case of an underwritten offering in which the Holders participate, the Company will enter into an underwriting agreement, containing customary provisions (including provisions for indemnification, lockups, opinions of counsel and comfort letters), and take all such other customary and reasonable actions as the managing underwriters of such offering may request in order to facilitate the disposition of such Registrable Securities (including, making appropriate personnel of the Company available at reasonable times and places to assist in customary road-shows that the managing underwriters determine are necessary or advisable to effect the offering).
(q) In the case of an underwritten offering in which the Holders participate, and to the extent not prohibited by applicable law, the Company will (A) make reasonably available, for inspection by the managing underwriters of such offering and one attorney and accountant acting for such managing underwriters, pertinent corporate documents and financial and other records of the Company and its subsidiaries and controlled Affiliates (but excluding any documents incorporated by reference in such Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate amendments or supplements that are available on the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration StatementCommission’s Electronic Data Gathering, which certificates shall not bear any restrictive legendsAnalysis, and Retrieval system (or any successor system)), (B) cause the Company’s officers and employees to supply information reasonably requested by such Registrable Securities managing underwriters or attorney in connection with such offering, (C) make the Company’s independent accountants available for any such underwriters’ due diligence and have them provide customary comfort letters to such underwriters in connection therewith; and (D) cause the Company’s counsel to furnish customary legal opinions to such underwriters in connection therewith; provided, however, that such records and other information shall be in subject to such denominations confidential treatment as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securitiesis customary for underwriters’ due diligence reviews.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with the SEC a Shelf applicable Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of covering the Registrable Securities as required by the Holders thereof in accordance with the intended method or methods of distribution thereofSection 2 hereof, and use commercially reasonable efforts to cause each such Shelf the Registration Statement to become effective and remain effective as provided herein; provided provided, however, that before not less than three (3) Business Days prior to the filing any Shelf of the Registration Statement or any related Prospectus or any amendments amendment or supplements thereto with the SECsupplement thereto, the Company shall (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (oror their counsel, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed filed, which documents (other than those incorporated by reference) will be subject to the review of the Holders or their counsel, and use commercially (ii) at the request of any Holder cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of counsel to reflect in each such document when so filed with Holders, to conduct a reasonable investigation within the SEC meaning of the Securities Act. The Company shall not file the Registration Statement or any such comments as Prospectus or any amendments or supplements thereto (including any documents that would be incorporated or deemed to be incorporated therein by reference), to which the such Holders of a majority of the Registrable Securities or their counsel shall reasonably shall propose object within three (3) Business Days after their receipt thereof. In the event of any such objection, the delivery Holders shall provide the Company with any requested revisions to such prospectus or supplement within four (4) Business Days of such copies to the Initial Purchaser and such counselobjection.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf the Registration Statement as may be necessary to keep such Shelf the Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and to the extent any Registrable Securities are not included in such Registration Statement for reasons other than the failure of the Effectiveness PeriodHolder to comply with Section 3(m) hereof, shall prepare and file with the Commission such amendments to the Registration Statement or such additional Registration Statements in order to register for resale under the Securities Act all Registrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 (or any similar provisions then in force) promulgated under the Securities Act; (iii) respond as promptly as reasonably practicable to any comments received from the Commission with respect to the Registration Statement or any amendment thereto and use commercially reasonable efforts as promptly as reasonably practicable provide the Holders true and complete copies of all correspondence from and to the Commission relating to the Registration Statement, but not, without the prior written consent of the Holders, any comments that would result in the disclosure to the Holders of material and non-public information concerning the Company; and (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As Notify Holders of Registrable Securities to be sold as promptly as reasonably practicable give notice to the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) (iA) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf the Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a “review” of such Registration Statement and whenever the Commission comments in writing on such Registration Statement; and (C) with respect to a Shelf the Registration Statement or any post-effective amendment, when the same has been declared become effective, and after the effectiveness thereof: (iii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf the Registration Statement or related Prospectus or for additional information, ; (iiiii) of the issuance by the SEC Commission or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf the Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iviii) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; and (viv) after if the effective date of any Shelf financial statements included in the Registration Statement filed pursuant to this Agreement become ineligible for inclusion therein or of the occurrence of (but not any event that makes any statement made in the nature of Registration Statement or details concerning) a Material Event and (vi) Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires any revisions to the Registration Statement, Prospectus or other documents so that, in the case of the determination by Registration Statement or the Prospectus, as the case may be, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. Without limitation to any remedies to which the Holders may be entitled under this Agreement, if any of the events described in Section 3(c)(C)(i), 3(c)(C)(ii), 3(c)(C)(iii) or 3(c)(C)(iv) occur, the Company that a post-effective amendment shall use its reasonable best efforts to a Shelf Registration Statement will be filed with respond to and correct the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applyevent.
(d) Use commercially its reasonable best efforts to prevent avoid the issuance of, andor, if issued, use reasonable best efforts to obtain the withdrawal of of, (i) any order suspending the effectiveness of a Shelf the Registration Statement or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such orderpracticable time.
(e) If requested by the Initial Purchaser or any Notice HolderHolder of Registrable Securities, as (i) promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf the Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to Company reasonably agrees should be included therein by applicable law and (ii) make any all required filings of such Prospectus supplement or such post-effective amendment; provided that amendment as soon as reasonably practicable after the Company shall not has received notification of the matters to be required to take any actions under this Section 3(e) that, incorporated in the written opinion of counsel for the Company, are not in compliance with applicable lawsuch Prospectus supplement or post-effective amendment.
(f) As promptly as practicable furnish Furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf each Registration Statement and any each amendment thereto, including financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company extent requested by such Notice Holder, Person (including those previously furnished or incorporated by reference) promptly after the filing of such counsel or documents with the Initial Purchaser)Commission.
(g) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Holders in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in the manner set forth thereinthereto.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use commercially its reasonable best efforts to register or qualify or cooperate with the Notice selling Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in the manner set forth in the relevant Shelf covered by a Registration Statement and the related ProspectusStatement; provided provided, however, that the Company will shall not be required to (i) qualify as a foreign corporation or as a dealer in securities generally to do business in any jurisdiction where it would is not otherwise be required then so qualified or to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits any jurisdiction where it is not then so subject or subject the Company to taxation any material tax in any such jurisdiction where it is not then so subject.
(i) Upon (A) Cooperate with the issuance by Holders to facilitate the SEC timely preparation and delivery of certificates representing Registrable Securities to be sold pursuant to a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect Statement, which certificates shall be free, to the Shelf Registration Statement under Section 8(dextent permitted by applicable law and the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any Holder may request at least two (2) or 8(eBusiness Days prior to any sale of Registrable Securities.
(j) of the Securities Act, (B) Following the occurrence of any event contemplated by Section 3(c)(C)(iv), as promptly as possible, prepare a supplement or amendment, including a post-effective amendment, to the existence of any fact as a result of which any Shelf Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither the Registration Statement nor such Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
(k) Cause all Registrable Securities relating to such Registration Statement to be listed on any United States securities exchange, quotation system, market or over-the-counter bulletin board on which similar securities issued by the Company are then listed.
(Cl) Subject to the occurrence terms of this Agreement, the Company hereby consents to the use of such Prospectus and each amendment or existence supplement thereto by each of the selling Holders in connection with the offering and sale of the Registrable Securities covered by such Prospectus and any amendment or supplement thereto, except after the giving of any pending corporate development thatnotice pursuant to Section 3(d).
(m) If NASDR Rule 2710 requires any broker-dealer to make a filing prior to executing a sale by a Holder, upon notification, the Company shall (i) make an Issuer Filing with the NASDR, Inc. Corporate Financing Department pursuant to proposed NASDR Rule 2710(b)(10)(A)(i), (ii) respond within five Trading Days to any comments received from NASDR in connection therewith, and (iii) pay the filing fee required in connection therewith.
(n) Comply in all material respects with all applicable rules and regulations of the Commission with respect to the Registration Statement.
(o) Request each selling Holder to furnish to the Company information regarding such Holder and the distribution of such Registrable Securities as is required by law or the Commission to be disclosed in the Registration Statement, and the Company may exclude from such registration the Registrable Securities of any such Holder who fails to furnish such information within a reasonable discretion time prior to the filing of each Registration Statement, supplemented Prospectus and/or amended Registration Statement. If the Registration Statement refers to any Holder by name or otherwise as the holder of any securities of the Company, makes it appropriate then such Holder shall have the right to suspend require (if such reference to such Holder by name or otherwise is not required by the availability Securities Act or any similar federal statute then in force) the deletion of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment reference to such Shelf Registration Statement Holder in any amendment or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so filed or prepared subsequent to the time that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required reference ceases to be stated therein or necessary to make the statements therein not misleading, and required. Each Holder agrees by its acquisition of such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") andthat, upon receipt of a notice from the Company of the occurrence of any Suspension Noticeevent of the kind described in Section 3(c)(C)(i), each Notice 3(c)(C)(ii), 3(c)(C)(iii), 3(c)(C)(iv), or 3(n), such Holder agrees not to sell any will forthwith discontinue disposition of such Registrable Securities pursuant to such Shelf under the Registration Statement until such Notice Holder's ’s receipt of the copies of the supplemented or Prospectus and/or amended Prospectus provided for in clause (i) aboveRegistration Statement contemplated by Section 3(j), or until it is advised in writing (the “Advice”) by the Company that the use of the applicable Prospectus (as it may have been supplemented or amended) may be usedresumed, and and, in either case, has received copies of any additional or supplemental filings that are incorporated or deemed to be incorporated by reference in such ProspectusProspectus or Registration Statement. The Company will use commercially reasonable its best efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, . The Company agrees and acknowledges that any periods during which the Holder is required to discontinue the disposition of the Registrable Securities hereunder shall be subject to the provisions of Section 2 (yc).
(p) If (i) there is material non-public information regarding the Company which the Company’s Board of Directors (the “Board”) reasonably determines not to be in the case Company’s best interest to disclose and which the Company is not otherwise required to disclose, or (ii) there is a significant business opportunity (including, but not limited to, the acquisition or disposition of clause assets (B) above, as soon as, other than in the reasonable judgment ordinary course of business) or any merger, consolidation, tender offer or other similar transaction) available to the Company which the Board reasonably determines not to be in the Company’s best interest to disclose and which the Company would be required to disclose under the Registration Statement, then the Company may (i) postpone or suspend filing or effectiveness of a registration statement or (ii) notify the Holders that the Registration Statement may not be used in connection with any sales of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein’s securities, in the light of the circumstances under which they were madeeach case, for a period not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in consecutive days, provided that the aggregate in any three month period Company may not postpone or one hundred twenty suspend its obligation under this Section 3(p) for more than sixty (12060) days in the aggregate in during any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-12 month period (or 90 days after the end of any 12-month period if such period is each, a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods“Blackout Period”).
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Registration Procedures. In connection with the registration obligations of If and whenever the Company under Section 2 hereofis required to register Registrable Securities in a Piggyback Registration, the Company shallwill use its best efforts to effect such registration to permit the sale of such Registrable Securities in accordance with the intended plan of distribution thereof, and pursuant thereto the Company will as expeditiously as possible:
(a) Prepare prepare and file with the SEC as soon as practicable a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the with respect to such Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable its best efforts to cause each such Shelf Registration Statement to become effective and remain continuously effective as provided herein; until the date earlier to occur of (i) the date six months from the date such Registration Statement was declared effective, and (ii) the date the last of the Registrable Securities covered by such Registration Statement have been sold provided that before filing any Shelf a Registration Statement or Prospectus or any amendments or supplements thereto with the SECthereto, the Company shall furnish to the Initial Purchaser Holders of the Registrable Securities covered by such Registration Statement and counsel for the Holders and for the Initial Purchaser (orunderwriters, if applicableany, separate counsel for the Holders) draft copies of all such documents proposed to be filed filed, which documents will be subject to the review of such Holders and use commercially reasonable efforts underwriters, and the Company shall not file any Registration Statement or amendment thereto or any Prospectus or any supplement thereto to reflect in each such document when so filed with which the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days Holders of a majority of the delivery of Registrable Securities covered by such copies to Registration Statement or the Initial Purchaser and such counsel.underwriters, if any, shall reasonably object;
(b) Prepare prepare and file with the SEC such amendments and post-effective amendments to each Shelf the Registration Statement Statement, and such supplements to the Prospectus, as may be necessary to keep such Shelf Registration Statement continuously effective until the expiration of the Effectiveness Period; cause the related Prospectus to be supplemented requested by any required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (Holder of Registrable Securities or any similar provisions then in force) under underwriter of Registrable Securities or as may be required by the Securities Act; and use commercially reasonable efforts rules, regulations or instructions applicable to comply with the provisions of registration form used by the Company or by the Securities Act applicable or rules and regulations thereunder to it with respect to keep the disposition of Registration Statement effective until all securities Registrable Securities covered by such Shelf Registration Statement during the Effectiveness Period are sold in accordance with the intended methods plan of disposition by the sellers thereof distribution set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented.supplement to the Prospectus;
(c) As promptly as practicable give notice to notify the Notice Holders, selling Holders of Registrable Securities and the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (ormanaging underwriter, if applicableany, separate counsel for the Holdersand (if requested by any such Person) confirm such advice in writing,
6 36 (i1) when the Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC filed, and, with respect to a Shelf the Registration Statement or any post-effective amendment, when the same has been declared become effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of any proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r,
Appears in 1 contract
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than three Business Days prior to the SEC filing of a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment, or supplements thereto with the SECnot less than one Business Day for any supplement thereto, the Company shall furnish to the Initial each Purchaser and any counsel for the Holders and for the Initial designated by any Purchaser (oreach, if applicable, separate counsel for the Holdersa “Purchaser Counsel”) copies of all such documents proposed to be filed and use commercially reasonable efforts filed. The Company shall not file a Registration Statement or any such Prospectus or any amendments or supplements thereto to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days which Purchasers holding a majority of the delivery of such copies Registrable Securities shall reasonably object in writing, prior to the Initial Purchaser and such counselcontemplated filing date.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf the Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible, and in any event within ten Business Days, to any comments received from the Commission with respect to the Registration Statement or any similar provisions then in force) under amendment thereto and, at the Securities Actrequest of any Purchaser, as promptly as reasonably possible provide such Purchaser who may so request true and complete copies of all correspondence from and to the Commission relating to the Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Purchasers thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As Notify the Purchasers of Registrable Securities to be sold and each Purchaser Counsel as promptly as practicable give reasonably possible, and (if requested by any such Person) confirm such notice to in writing no later than two Business Days thereafter, of any of the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) following events: (i) when any Prospectus, Prospectus supplement, Shelf the filing of the Registration Statement or post-effective any Prospectus and any amendment to a Shelf Registration Statement has been filed or supplement thereto with the SEC and, Commission; (ii) the Commission notifies the Company whether there will be a “review” of any Registration Statement; or issues any written comments or request with respect to a Shelf thereto (iii) any Registration Statement or any post-effective amendment, when the same has been amendment is declared effective, ; (iiiv) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority of Commission issues any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of initiates any proceedings Proceedings for that purpose, ; (ivv) of the receipt by the Company receives notice of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of Proceeding; or details concerning) a Material Event and (vi) the financial statements included in any Registration Statement become ineligible for inclusion therein or any statement made in any Registration Statement or Prospectus or any document incorporated or deemed to be incorporated therein by reference is untrue in any material respect or any revision to a Registration Statement, Prospectus or other document is required so that it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SECcircumstances under which they were made, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applynot misleading.
(d) Use commercially reasonable efforts to prevent avoid the issuance of, andof or, if issued, to obtain the withdrawal of (i) any order suspending the effectiveness of a Shelf any Registration Statement Statement, or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such orderas soon as possible.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders Purchaser and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration StatementCounsel, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and the . The Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Purchasers in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in the manner set forth thereinthereto.
(hf) Prior to any public offering (i) In the time and manner required by each Trading Market, prepare and file with such Trading Market an additional shares listing application covering all of the Registrable Securities; (ii) take all steps necessary to cause such Registrable Securities pursuant to be approved for listing on each Trading Market as soon as possible thereafter; and (iii) maintain the Shelf Registration Statement, use listing of such Registrable Securities on each such Trading Market.
(g) Use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders selling Purchasers and respective Purchaser Counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky blue sky laws of such jurisdictions within the United States as any Notice Holder Purchaser reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in the manner set forth in the relevant Shelf covered by a Registration Statement and the related ProspectusStatement; provided provided, however, that the Company will shall not be required to (i) qualify as a foreign corporation to do business or as a dealer in securities in any jurisdiction where it would not otherwise be required consent to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation any jurisdiction in any such jurisdiction where which it is not then now so subjectqualified or has not so consented.
(h) Cooperate with the Purchasers to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by law, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Purchasers may request.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event described in Section 6.2(c)(vi), as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment, to the existence of any fact as a result of which any Shelf Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither the Registration Statement nor such Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and Cooperate with any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated diligence investigation undertaken by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws Purchasers in connection with the filing sale of Registrable Securities, including, without limitation, by making available any Shelf Registration Statement documents and information; provided that the Company will not deliver or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes make available to any Purchaser material, nonpublic information unless such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust Purchaser specifically requests in advance to the Companyreceive material, and provided that the foregoing inspection and nonpublic information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5writing.
(k) Provide a “Plan of Distribution” section of the Registration Statement in substantially the same form attached hereto as Exhibit C.
(l) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periodsCommission.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Sources: Securities Purchase Agreement (Pico Holdings Inc /New)
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with shall effect such registrations on the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Transfer Restricted Securities by to permit the Holders thereof sale of Transfer Restricted Securities in accordance with the intended method or methods of distribution thereofdisposition thereof specified by the holders of a majority in aggregate principal amount of Transfer Restricted Securities, and use commercially reasonable efforts pursuant thereto the Company shall as expeditiously as possible:
(a) No fewer than five Business Days prior to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before the initial filing any Shelf of a Registration Statement or Prospectus and no fewer than two Business Days prior to the filing of any amendment or supplement thereto (other than any amendments document that would be incorporated or supplements thereto with the SECdeemed to be incorporated therein by reference), the Company shall furnish to the Initial Purchaser Holders of the Transfer Restricted Securities, their Special Counsel and counsel for the Holders and for the Initial Purchaser (ormanaging underwriters, if applicableany, separate counsel for the Holders) copies of all such documents proposed to be filed filed, which documents (other than those incorporated or deemed to be incorporated by reference) will be subject to the review of such Holders, their Special Counsel and use commercially reasonable efforts to reflect in each such document when so filed with underwriters, if any, and cause the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days officers and directors of the delivery of such copies Company, counsel to the Initial Purchaser Company and independent certified public accountants to the Company to respond to such inquiries as shall be necessary in connection with such Registration Statement, in the opinion of respective counsel to such Holders and such counsel.underwriters, to conduct a reasonable investigation within the meaning of the Securi ties Act; provided, however, that -------- ------- the Company shall not be deemed to have kept a Registration Statement effective during the applicable period if it voluntarily takes or fails to take any action that results in selling Holders of the Transfer Restricted Securities covered thereby not being able to sell such Transfer Restricted Securities pursuant to Federal securities laws during that period (and the time period during which such Registration Statement is required to remain effective hereunder shall be extended by the number of days during which such selling Holders of Transfer Restricted Securities are not able to sell Transfer Restricted Securities). The Com pany shall not file any such Registration Statement or related Prospectus or any amendments or supplements thereto to which the Holders of a majority of the Transfer Restricted Securities, their Special Counsel, or the managing underwriters, if any, shall reasonably object on a timely basis;
(b) Prepare and file with the SEC such amendments and amendments, including post-effective amendments amendments, to each Shelf Registration Statement as may be necessary to keep such Shelf Registration Statement continuously effective until for the expiration of the Effectiveness Periodapplicable time period; cause the related Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; and use commercially reasonable efforts to comply with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities securi ties covered by such Shelf Registration Statement during the Effectiveness Period such period in accordance with the intended methods of disposition by the sellers thereof set forth in such Shelf Registration Registra tion Statement as so amended or in such Prospectus as so supplemented.;
(c) As promptly as practicable give notice to the Notice Holders, the Initial Purchaser and counsel for Notify the Holders of Transfer Restricted Securities to be sold or their Special Counsel and for the Initial Purchaser (ormanaging underwriters, if applicableany, separate counsel for promptly (and in the Holderscase of an event specified by clause (i)(A) of this paragraph in no event fewer than two Business Days prior to such filing), and (iif requested by any such person), confirm such notice in writing, (i)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment is proposed to a Shelf Registration Statement has been filed with the SEC be filed, and, (B) with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC or any other federal Federal or state governmental authority for amendments or supplements to any Shelf a Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC SEC, any state securities commission, any other governmental agency or any other federal or state governmental authority court of any stop order, order or injunction suspending or enjoining the use or the effectiveness of any Shelf a Registration Statement or the initiation or threatening of any proceedings for that purpose, (iv) if at any time any of the representations and warranties of the Company contained in any agreement (including any underwriting agreement) contemplated by Section 4(m) hereof cease to be true and correct in all material respects, (v) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Transfer Restricted Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal happening of any order suspending the effectiveness of a Shelf event that makes any statement made in such Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser related Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing to any material respect or that requires the Company by making of any changes in such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then documents so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion case of the CompanyRegistration Statement, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein therein, not misleading, and such Prospectus does that in the case of the Prospectus, it will not contain any untrue statement of a material fact or omit to state any material 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 misleading;
(it being understood that d) Use its reasonable best efforts to avoid the Company may rely on information provided by each Notice Holder with respect to such Notice Holder)issuance of, as thereafter delivered to or, if issued, obtain the purchasers withdrawal of any order enjoining or suspending the use or effectiveness of a Registration Statement or the lifting of any suspension of the Registrable qualification (or exemption from qualification) of any of the Transfer Restricted Securities for sale in any jurisdiction, at the earliest practicable moment;
(e) If requested by the managing underwriters, if any, or the Holders of a majority in aggregate principal amount of the Transfer Restricted Securities being sold thereunderin connection with such offering, and, (i) promptly incorporate in the case of a Prospectus supplement or post-effective amendment to a Shelf Registration Statementsuch information as the managing underwriters, subject to the next sentenceif any, use commercially reasonable efforts to cause it to and such Holders agree should be declared effective as promptly as is practicableincluded therein, and (ii) give notice make all required filings of such Prospectus supplement or such post-effective amendment as soon as practicable after the Company has received notification of the matters to be incorporated in such Prospectus supplement or post-effective amendment; provided, however, that the Notice Holders and Company -------- ------- shall not be required to take any action pursuant to this Section 4(e) that would, in the opinion of counsel for the Holders Company, violate applicable law;
(f) Furnish to each Holder of Transfer Restricted Securities, their Special Counsel and for the Initial Purchaser (oreach managing underwriter, if applicableany, separate without charge, at least one conformed copy of each Registration Statement and each amendment thereto, including financial statements (but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits, unless requested in writing by such Holder, counsel for or managing underwriter);
(g) Deliver to each Holder of Transfer Restricted Securities, their Special Counsel, and the Holders) that the availability underwriters, if any, without charge, as many copies of the Shelf Prospectus or Prospectuses (including each form of prospectus) and each amendment or supplement thereto as such persons reasonably request; and the Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by each of the selling Holders of Transfer Restricted Securities and the underwriters, if any, in connection with the offering and sale of the Transfer Restricted Securities covered by such Prospectus and any amendment or supplement thereto;
(h) Prior to any public offering of Transfer Restricted Securities, use its reasonable best efforts to register or qualify or cooperate with the Holders of Transfer Restricted Securities to be sold or tendered for, the underwriters, if any, and their respective counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Transfer Restricted Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Holder or underwriter reasonably requests in writing; keep each such registration or qualification (or exemption therefrom) effective during the period such Registration Statement is suspended (a "Suspension Notice") and, upon receipt of required to be kept effective and do any Suspension Notice, each Notice Holder agrees not and all other acts or things necessary or advisable to sell any Registrable Securities pursuant to enable the disposition in such Shelf Registration Statement until such Notice Holder's receipt of copies jurisdictions of the supplemented Transfer Restricted Securities covered by the applicable Registration Statement; provided, however, that the Company shall not be -------- ------- required to qualify generally to do business in any jurisdiction where it is not then so qualified or amended Prospectus provided for to take any action that would subject it to general service of process in clause any such jurisdiction where it is not then so subject or subject the Company to any tax in any such jurisdiction where it is not then so subject;
(i) aboveIn connection with any sale or transfer of Transfer Restricted Securities that will result in such securities no longer being Transfer Restricted Securities, cooperate with the Holders and the managing underwriters, if any, to facilitate the timely preparation and delivery of certificates representing Transfer Restricted Securities to be sold, which certificates shall not bear any restrictive legends and shall be in a form eligible for deposit with The Depository Trust Com pany and to enable such Transfer Restricted Securities to be in such denominations and registered in such names as the managing underwriters, if any, or until Holders may request at least two Business Days prior to any sale of Transfer Restricted Securities;
(j) Use its reasonable best efforts to cause the offering of the Transfer Restricted Securities covered by the Registration Statement to be registered with or approved by such other governmental agencies or authorities within the United States, except as may be required as a consequence of the nature of such selling Holder's business, in which case the Company will cooperate in all reasonable respects with the filing of such Registration Statement and the granting of such approvals as may be necessary to enable the seller or sellers thereof or the underwrit ers, if any, to consummate the disposition of such Transfer Restricted Securities; provided, however, that the Company shall not be -------- ------- required to register the Transfer Restricted Securities in any jurisdiction that would subject it to general service of process in any such jurisdiction where it is advised in writing by not then so subject or subject the Company that to any tax in any such jurisdiction where it is not then so subject or to require the Prospectus may be used, and has received copies Company to qualify to do business in any jurisdiction where it is not then so qualified;
(k) Upon the occurrence of any additional or supplemental filings that are incorporated or deemed incorporated event contemplated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (xSection 4(c)(vi) in the case of clause (A) abovehereof, as promptly as is practicable, (y) in prepare a supplement or amendment, including, if appropriate, a post-effective amendment, to each Registration Statement or a supplement to the case of clause (B) aboverelated Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as soon asthereafter delivered, in the reasonable judgment of the Company, the Shelf Registration Statement does such Prospectus will not contain any an untrue statement of a material fact or omits omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading;
(l) Prior to the effective date of the first Registration Statement relating to the Transfer Restricted Securities, to provide a CUSIP number for the Transfer Restricted Securities;
(m) Enter into such agreements (including an underwriting agreement in form, scope and substance as is customary in underwritten offerings) and take all such other reasonable actions in connection therewith (including those reasonably requested by the managing underwriters, if any, or the Holders of a majority in aggregate principal amount of the Transfer Restricted Securities being sold) in order to expedite or facilitate the disposition of such Transfer Restricted Securities, and in such connection, whether or not an underwriting agreement is entered into and whether or not the registration is an underwritten registration, (zi) make such representations and warranties to the Holders of such Transfer Restricted Securities and the underwriters, if any, with respect to the business of the Company and its subsidiaries (including with respect to businesses or assets acquired or to be acquired by any of them), and the Registration Statement, Prospectus and documents, if any, incorporated or deemed to be incorporated by reference therein, in each case, in form, substance and scope as are customarily made by issuers to underwriters in underwritten offerings, and confirm the same if and when requested; (ii) obtain opinions of counsel to the Company and updates thereof (which counsel and opinions (in form, scope and substance) shall be reasonably satisfactory to the managing underwriters, if any, and Special Counsel to the Holders of the Transfer Restricted Securities being sold), addressed to each selling Holder of Transfer Restricted Securities and each of the underwriters, if any, covering the matters customarily covered in opinions requested in underwritten offerings and such other matters as may be reasonably requested by such Special Counsel and underwriters; (iii) use its best efforts to obtain customary "cold comfort" letters and updates thereof from the independent certified public accountants of the Company (and, if necessary, any other independent certified public accountants of any subsidiary of the Company or of any business acquired by the Company for which financial statements and financial data is, or is required to be, included in the case Registration Statement), addressed (where reasonably possible) to each selling Holder of clause (C) above, as soon as, in the reasonable discretion Transfer Restricted Securities and each of the Companyunderwriters, if any, such suspension is no longer appropriate. The period during which the availability letters to be in customary form and covering matters of the Shelf type customarily covered in "cold comfort" letters in connection with underwritten offerings; (iv) if an underwriting agreement is entered into, the same shall contain indemnification provisions and procedures no less favorable to the selling Holders of Transfer Restricted Securities and the underwriters, if any, than those set forth in Section 6 hereof (or such other provisions and procedures acceptable to Holders of a majority in aggregate principal amount of the Transfer Restricted Securities covered by such Registration Statement and any Prospectus the managing underwriters); and (v) deliver such documents and certificates as may be suspended (reasonably requested by the "Suspension Period") without Holders of a majority in aggregate principal amount of the Company incurring any obligation Transfer Restricted Securities being sold, their Special Counsel and the managing underwriters, if any, to pay liquidated damages evidence the continued validity of the representations and warranties made pursuant to clause (i) of this Section 2(e4(m) shall not exceed thirty (30) days and to evidence compliance with any customary conditions contained in the aggregate in any three month period underwriting agreement or one hundred twenty (120) days in other agreement entered into by the aggregate in any twelve (12) month period.Company;
(jn) Make available for inspection during normal business hours by representatives for a representative of the Notice Holders of Transfer Restricted Securities being sold, any underwriter participating in any such Registrable disposition of Transfer Restricted Securities, if any, and any broker-dealersattorney, attorneys and accountants consultant or accountant retained by such Notice Holdersselling Holders or underwriter, at the offices where normally kept, during reasonable business hours, all relevant financial and other records and records, pertinent corporate documents and properties of the Company and its subsidiariessubsidiaries as they may reasonably request (including with respect to business and assets acquired or to be acquired to the extent that such information is available to the Company), and cause the appropriate officers, directors directors, agents and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant with respect to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company business and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings rassets acquired
Appears in 1 contract
Sources: Registration Rights Agreement (United States Filter Corp)
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than three Trading Days prior to the SEC a Shelf filing of each Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements thereto with the SECsupplement thereto, the Company shall (i) furnish to the Initial Purchaser Principal Purchasers and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) Special Counsel copies of all such documents proposed to be filed filed, which documents (other than those incorporated or deemed to be incorporated by reference) will be subject to the review of such Principal Purchasers and use commercially the Special Counsel, and (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days opinion of the delivery Special Counsel, to conduct a reasonable investigation within the meaning of the Securities Act. The Company shall not file the Registration Statement or any such copies Prospectus or any amendments or supplements thereto to which the Purchasers of a majority of the Registrable Securities and the Special Counsel shall reasonably object. Notwithstanding the foregoing, the Company may file any document if it has not received any reasonable objections thereto prior to the Initial Purchaser and such counselclose of business on the third Trading Day after providing a copy as provided pursuant to the first sentence of this paragraph.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf the Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf the Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible, and in any event within 10 Trading Days, to any comments received from the Commission with respect to the Registration Statement or any similar provisions then in force) under amendment thereto and as promptly as reasonably possible provide the Securities ActPurchasers true and complete copies of all correspondence from and to the Commission relating to the Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Purchasers thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As If, on any date, the number of shares of Common Stock previously registered under all existing Registration Statements is less than the Actual Minimum on such date, then the Company shall file an additional Registration Statement covering a number of shares of Common Stock at least equal to the Actual Minimum on such date; provided that the Company will not be required at any time to register a number of shares of Common Stock greater than the maximum number of shares of Common Stock that could possibly be issued pursuant to the Transaction Documents.
(d) Notify the Special Counsel as promptly as practicable give reasonably possible, and (if requested by any such Person) confirm such notice in writing to the Notice HoldersPurchasers no later than one Trading Day thereafter, of any of the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) following events: (i) when the Commission notifies the Company whether there will be a "review" of any Prospectus, Prospectus supplement, Shelf Registration Statement; (ii) the Commission comments in writing on any Registration Statement or post-effective amendment (in which case the Company shall deliver to each Purchaser a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf copy of such comments and of all written responses thereto); (iii) any Registration Statement or any post-effective amendment, when the same has been amendment is declared effective, ; (iiiv) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC Commission or any other federal Federal or state governmental authority for amendments requests any amendment or supplements supplement to any Shelf a Registration Statement or related Prospectus or for requests additional information, information related thereto; (iiiv) of the issuance by the SEC or any other federal or state governmental authority of Commission issues any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of initiates any proceedings Proceedings for that purpose, ; (ivvi) of the receipt by the Company receives notice of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening threat of any proceeding Proceeding for such purpose, ; or (vvii) after the effective date of financial statements included in any Shelf Registration Statement filed pursuant become ineligible for inclusion therein or any statement made in any Registration Statement or Prospectus or any document incorporated or deemed to this Agreement be incorporated therein by reference is untrue in any material respect or any revision to a Registration Statement, Prospectus or other document is required so that it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the occurrence of (but circumstances under which they were made, not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applymisleading.
(de) Use commercially its reasonable best efforts to prevent avoid the issuance of, andof or, if issued, to obtain the withdrawal of (i) any order suspending the effectiveness of a Shelf any Registration Statement or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case at the earliest possible practicable moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish Furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial PurchaserSpecial Counsel, without charge, at least one (1) conformed copy of the Shelf each Registration Statement and any each amendment thereto, including financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein by reference reference, and all exhibits (unless requested in writing to the Company extent requested by such Notice Holder, Person (including those previously furnished or incorporated by reference) promptly after the filing of such counsel or documents with the Initial Purchaser)Commission.
(g) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration StatementSpecial Counsel, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and the . The Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Purchasers in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in the manner set forth thereinthereto.
(h) Use its reasonable best efforts to list the Registrable Securities covered by such Registration Statement with each Trading Market on which it is then listed or approved.
(i) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use commercially its reasonable best efforts to register or qualify or cooperate with the Notice Holders selling Purchasers and the Special Counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder Purchaser reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in the manner set forth in the relevant Shelf covered by a Registration Statement and the related ProspectusStatement; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities generally to do business in any jurisdiction where it would is not otherwise be required then so qualified or to qualify but for this Agreement or (ii) take any action that which would subject it to taxation or general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(ij) Cooperate with the Purchasers to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Purchasers may request.
(k) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event described in Section 2.3(d)(vii), as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment, to the existence of any fact as a result of which any Shelf Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither the Registration Statement nor such Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
(l) Cooperate with any due diligence investigation undertaken by the Purchasers in connection with the sale of Registrable Securities, or (C) the occurrence or existence of including without limitation by making available any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement documents and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood information; provided that the Company may rely on will not deliver or make available to any Purchaser material, nonpublic information provided by each Notice Holder with respect unless such Purchaser specifically requests in advance to such Notice Holder)receive material, as thereafter delivered to the purchasers nonpublic information.
(m) If Purchasers of a majority of the Registrable Securities being sold thereunderoffered pursuant to a Registration Statement select underwriters for the offering, andthe Company shall enter into and perform its obligations under an underwriting agreement, in the case of a post-effective amendment to a Shelf Registration Statementusual and customary form, subject to the next sentenceincluding, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicablewithout limitation, by providing customary legal opinions, comfort letters and (ii) give notice to the Notice Holders indemnification and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month periodcontribution obligations.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(kn) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periodsCommission.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Sources: Registration Rights Agreement (Impax Laboratories Inc)
Registration Procedures. In connection with the registration obligations of the Company under Section 2 hereof, the Company shall:
(a) Prepare and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before Before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto or any Issuer Free Writing Prospectus with the SEC, the Company shall furnish to the Initial Purchaser and its counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially its reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such Initial Purchaser and its counsel reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such its counsel.
(b) Prepare and file with the SEC such amendments and post-effective amendments to each Shelf Registration Statement as may be necessary to keep such Shelf Registration Statement continuously effective until for the expiration of the Effectiveness Periodapplicable period specified in Section 2(a); cause the related Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; and use commercially its reasonable efforts to comply with the provisions of the Securities Act applicable to it with respect to the disposition of all securities covered by such Shelf Registration Statement during the Effectiveness Period in accordance with the intended methods of disposition by the sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented.
(c) As promptly as practicable (i) give notice to the Holders, counsel to the Notice Holders and the Initial Purchaser when any Registration Statement (other than an Automatic Shelf Registration Statement) or any post-effective amendment has been declared effective to and (ii) give notice to the Notice Holders, counsel to the Initial Purchaser and counsel for the Notice Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) (i) when any Prospectus, Prospectus supplement, Shelf Registration Statement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared effective, (iiA) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional information, (iiiB) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of any proceedings for that purpose, (ivC) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, (vD) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (viE) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i3(h)), state that it constitutes a Suspension Deferral Notice, in which event the provisions of Section 3(i3(h) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such orderas promptly as practicable.
(e) If As promptly as practicable (if reasonably requested by any Notice Holder or by the Initial Purchaser or (with respect to any Notice Holderportion of an unsold allotment from the original offering if the Initial Purchaser is participating in the Shelf Registration Statement)), as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (orshall, if applicableon the basis of an opinion of nationally recognized counsel experienced in such matters, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided provided, that the Company shall not be required to take any actions under this Section 3(e) thatthat are not, in the written reasonable opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) Holder and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel Holder or the Initial Purchaser).
(g) During the Effectiveness Period, deliver Purchaser to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, Holder in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Deferral Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, Holder in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(hg) Prior to any public offering of the Registrable Securities pursuant to the a Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the a Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's ’s offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(ih) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the a Shelf Registration Statement or the initiation of proceedings with respect to the a Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact (a “Material Event”) as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material 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, or (C) the occurrence or existence of any pending corporate development development, public filing with the SEC or other similar event with respect to the Company that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the a Shelf Registration Statement and the related Prospectus (a "Material Event")Prospectus, (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, practicable prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material 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 (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereundermisleading, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension “Deferral Notice"”) and, upon receipt of any Suspension Deferral Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf the Registration Statement until such Notice Holder's ’s receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable sole judgment of the Company, public disclosure of such Material Event would not be prejudicial to or contrary to the Shelf Registration Statement does not contain any untrue statement interests of a material fact or omits to state any material fact required to be stated therein or the Company or, if necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact avoid unreasonable burden or omits to state any material fact necessary in order to make the statements thereinexpense, in the light of the circumstances under which they were made, not misleading, as soon as practicable thereafter and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which Company shall be entitled to exercise its right under this Section 3(h) to suspend the availability of the Shelf Registration Statement and or any Prospectus may be suspended (the "Suspension Period") Prospectus, without the Company incurring or accruing any obligation to pay liquidated damages Additional Interest pursuant to Section 2(e) shall ), for one or more periods not to exceed thirty (30) 30 days in any 3 month period and not to exceed, in the aggregate aggregate, 90 days in any three 12-month period (such period, during which the availability of the Registration Statement and any Prospectus is suspended being a “Deferral Period”).
(i) Use reasonable efforts to comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or one hundred twenty any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 3-month period (120or 90 days after the end of any 12-month period if such period is a fiscal year) days in commencing on the aggregate in any twelve (12) month periodfirst day of the first fiscal quarter of the Company commencing after the effective date of a Registration Statement, which statements shall cover said periods.
(j) Make available for inspection during normal business hours by representatives for In the case of registration of resales of the Notes, cause the Indentures to be qualified under the TIA, cooperate with the Trustee and the Notice Holders to effect such changes to the Indentures as may be required for the Indentures to be so qualified in accordance with the terms of the TIA and execute, and use commercially reasonable efforts to cause the Trustee to execute, all documents as may be required to effect such changes and all other forms and documents required to be filed with the SEC to enable the Indenture to be so qualified in a timely manner.
(k) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold or to be sold pursuant to a Registration Statement, which certificates shall not bear any restrictive legends unless required by applicable law, and cause such Registrable Securities to be in such denominations as are permitted by the applicable Indenture and registered in such names as such Notice Holder may request in writing at least two (2) Business Days prior to any sale of such Registrable Securities.
(l) Provide a CUSIP number for all Registrable Securities covered by each Registration Statement not later than the effective date of such Registration Statement and provide the Trustee (if appropriate under the applicable Indenture) and the transfer agent for the Common Stock with printed certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(m) Use reasonable efforts to cause the Underlying Common Stock to be listed on any securities exchange or any automated quotation system on which similar securities issued by the Company are then listed, to the extent the Underlying Common Stock satisfies applicable listing requirements.
(n) Provide such information as is required for any filings required to be made with the National Association of Securities Dealers, Inc.
(o) If requested in connection with a disposition of Registrable Securities pursuant to a Registration Statement, make available for inspection by a representative of the Holders of a majority of 2012 Notes or 2014 Notes, as applicable, constituting the Registrable Securities being sold and any broker-dealers, attorneys and accountants attorney or accountant retained by such Notice Holdersselling holders, all relevant financial and other records and records, pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate executive officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours supply all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealersrepresentative, attorneys attorney or accountants accountant in connection with such disposition; subject to reasonable assurances by each such person that such information will be used only in connection with matters relating to such Registration Statement, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, shall first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreementpersons, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal Federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5agreement.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Sources: Registration Rights Agreement (Rf Micro Devices Inc)
Registration Procedures. In connection with the case of each registration obligations of effected by the Company under Section 2 hereofpursuant to Article 9, the Company shallwill:
(a) Prepare prepare and file with the SEC a Shelf Commission, as promptly as practicable, the requisite Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the with respect to such Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially its reasonable best efforts to cause each such Shelf Registration Statement registration statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counsel.effective;
(bi) Prepare prepare and file with the SEC Commission such amendments and post-effective amendments supplements to each Shelf such Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf Registration Statement continuously effective until (but, in the expiration case of a Registration Statement that is not a "shelf" registration, only for the Effectiveness Period; cause period of time reasonably necessary to permit the related Prospectus Exercising Holders to be supplemented by any required Prospectus supplement, dispose of all the Registrable Securities included in such offering) and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in forceii) under the Securities Act; and use commercially reasonable efforts to comply with the provisions of the Securities Act applicable to it with respect to the sale or other disposition of all securities covered by such Shelf Registration Statement during the Effectiveness Period in accordance with the intended methods of disposition by the sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented.period;
(c) As promptly as practicable give notice furnish to the Notice HoldersExercising Holders prior to the filing of the requisite Registration Statement copies of drafts of such Registration Statement as is proposed to be filed (and give such Exercising Holders and their counsel a reasonable opportunity to comment on such documents), and thereafter such number of copies of such Registration Statement, each amendment and supplement thereto (in each case including all exhibits thereto), the Initial Purchaser Prospectus included in such Registration Statement (including each preliminary prospectus) and counsel such other documents in such quantities as the Exercising Holders may reasonably request from time to time in order to facilitate its distribution;
(d) notify the Exercising Holders promptly of any request by the Commission for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) (i) when any Prospectus, Prospectus supplement, Shelf amending or supplementing of such Registration Statement or post-Prospectus or for additional information and promptly deliver to the Exercising Holders and their counsel copies of any comments received from the Commission;
(e) notify the Exercising Holders, promptly after the Company shall receive notice thereof, of the time when the Registration Statement becomes effective or when any amendment to or supplement or any Prospectus forming a Shelf part of the Registration Statement has been filed with filed;
(f) advise the SEC and, with respect to a Shelf Registration Statement Exercising Holders promptly after the Company shall receive notice or any post-effective amendment, when the same has been declared effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional information, (iii) obtain knowledge of the issuance by the SEC or any other federal or state governmental authority of any stop order by the Commission suspending the effectiveness of any Shelf such Registration Statement or the initiation amendment thereto or threatening of any proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such that purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable promptly use its best efforts to prevent the issuance of, and, if issued, of any stop order or to obtain the its withdrawal of any promptly if such stop order suspending the effectiveness of a Shelf Registration Statement should be issued;
(g) use all reasonable efforts to register or the lifting of any suspension of the qualification (or exemption from qualification) of any of qualify the Registrable Securities for sale in any jurisdiction in which they have been qualified for saleunder such other securities or blue sky laws of such jurisdictions as the Exercising Holders (or the managing underwriter, in either the case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(eunderwritten offerings) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendmentreasonably request; provided that the Company shall not be required to take qualify to do business or become subject to service of process or taxation in any actions under this Section 3(e) that, jurisdiction in the written opinion of counsel for the Company, are which it is not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated already so qualified or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.subject;
(h) Prior use all reasonable efforts, including filing any necessary listing applications with any securities exchange or Nasdaq, to any public offering of cause the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior Registration Statement to be listed on any public offering securities exchange or authorized for quotation on any national quotation system on which any of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it Common Stock is not then so subject.listed;
(i) Upon (A) notify the issuance by the SEC of Exercising Holders, at any time when a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect Prospectus relating to the Shelf Registration Statement proposed sale is required to be delivered under Section 8(d) or 8(e) of the Securities Act, (B) of the occurrence happening of any event or the existence of any fact as a result of which any Shelf the Prospectus included in such Registration Statement shall or amendment contains an untrue statement of a material fact or omits to state any material fact required to be stated therein in order to make the statements therein, in light of the circumstances under which they were made, not misleading, and the Company will prepare a supplement or amendment to such Prospectus so that, as thereafter delivered to the purchasers of the Registrable Securities, such Prospectus will not contain any an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading;
(j) enter into customary agreements (including without limitation, an underwriting agreement in customary form) and take such other actions as are reasonably required in order to expedite or (C) facilitate the occurrence or existence disposition of any pending corporate development that, the Registrable Securities included in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus Statement;
(a "Material Event"), (ik) in the case of clause (B) or (C) above, subject a Registration Statement filed pursuant to the next sentence, as promptly as practicableSection 9.1 involving a shelf Registration Statement, prepare and file, if necessary pursuant to applicable law, a post-effective amendment file with the Commission such amendments and supplements to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf shelf Registration Statement and the Prospectus so that used in connection therewith as may be necessary to keep such Shelf shelf Registration Statement does not contain any untrue statement effective until the earlier of a material fact (i) the sale of all Registrable Securities covered thereby or omit to state any material fact required to be stated therein or necessary to make (ii) the statements therein not misleadingsecond anniversary of the initial date of the effectiveness of such shelf Registration Statement, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make comply with the statements therein, in the light provisions of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder Securities Act with respect to the sale or other disposition of all Registrable Securities covered by such Notice Holder)Registration Statement;
(l) make available, as thereafter delivered upon reasonable prior notice and during normal business hours in New York City, for inspection by Exercising Holders, any underwriter participating in any disposition pursuant to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period attorney, accountant or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants other agent retained by the Exercising Holders or any such Notice Holders, underwriter all relevant financial and other records and records, pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate Company's officers, directors and employees of the Company employees, upon reasonable prior notice and its subsidiaries to make available for inspection during normal business hours in New York City, to supply all relevant information reasonably requested by such representatives for the Notice Holders, Exercising Holders or any such broker-dealersunderwriter, attorneys attorney, accountant or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws agent in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.;
(m) Provide request the Company's independent public accountants to provide to the underwriters, if any, and the Exercising Holders, if permissible, a CUSIP number for all Registrable Securities comfort letter in customary form and covering such matters of the type customarily covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock comfort letters to underwriters in connection with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.public offerings;
(n) Cooperate cooperate and assist in any filings rrequired to be made with the NASD and in the performance of any due diligence investigation by any underwriter in an underwritten offering; and
(o) use all reasonable efforts to facilitate the distribution and sale of any Registrable Securities to be offered pursuant to this Agreement, including without limitation by making road show presentations, holding meetings with potential investors and taking such other actions as shall be requested by the Exercising Holders of Registrable Securities covered by a Registration Statement or the lead managing underwriter of an underwritten offering.
Appears in 1 contract
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare Not less than five Trading Days prior to the filing of a Registration Statement or any related Prospectus or any amendment or supplement thereto furnish to the Purchasers and Purchasers’ counsels copies of such documents as proposed to be filed, which documents will be subject to the review of the Purchasers, except for any amendment or supplement or document (a copy of which has been previously furnished to the Purchasers) which counsel to the Company shall advise the Company is required to be filed sooner in order to comply with applicable law, rules and regulations.
(i) Subject to Section 6(e), prepare and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereofCommission such amendments, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counsel.
(b) Prepare and file with the SEC such amendments and including post-effective amendments amendments, to each Shelf Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond reasonably promptly to any comments received from the Commission with respect to each Registration Statement or any similar provisions then amendment thereto and, as promptly as reasonably possible provide the Purchasers true and complete copies of all correspondence from and to the Commission relating to such Registration Statement that would not result in force) under the Securities Actdisclosure to the Purchasers of material and non-public information concerning the Company; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the Registration Statements and the disposition of all securities Registrable Securities covered by such Shelf each Registration Statement during Statement. Additionally, upon the Effectiveness Period in accordance with written request of the intended methods holders of disposition at least 15% of the Registrable Securities held by the sellers thereof set forth in Purchasers, the Company shall file such Shelf amendments, including post-effective amendments, to each Registration Statement Statement, or file such Prospecuts supplements as so amended are required to permit an underwritten offering of the Registrable Securities. Such underwritten offering shall be on reasonable and customary terms to be agreed to by the Purchasers and the Company; provided, that the Purchasers shall have the right to select the underwriters for such offering, subject to the agreement of the Company, not to be unreasonably withheld, delayed or such Prospectus as so supplementedconditioned.
(c) As Notify the Purchasers as promptly as practicable give notice reasonably possible (and, in the case of (i)(A) below, not less than three Trading Days prior to the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser such filing): (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with is proposed to be filed; (B) when the SEC andCommission notifies the Company whether there will be a “review” of such Registration Statement and whenever the Commission comments in writing on such Registration Statement (the Company shall provide true and complete copies thereof and all written responses thereto to the Purchasers that would not result in the disclosure to the Purchasers of material and non-public information concerning the Company, unless the Purchasers are willing to enter into a confidentiality agreement covering such non-public information); and (C) with respect to a Shelf each Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf a Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but any event or passage of time that makes the financial statements included in a Registration Statement ineligible for inclusion therein or any statement made in such Registration Statement or Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires any revisions to such Registration Statement, Prospectus or other documents so that, in the case of such Registration Statement or the Prospectus, as the case may be, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the nature statements therein, in light of or details concerning) a Material Event the circumstances under which they were made, not misleading; and (vi) of the determination by existence of any fact or the Company happening of any event, during the Effectiveness Period, that makes any statement of a post-effective material fact made in the Registration Statement, the Prospectus, any amendment or supplement thereto, untrue, or that requires the making of additions to a Shelf or changes in the Registration Statement will be filed with or the SEC, which notice may, at Prospectus in order to make the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applystatements therein not misleading.
(d) Use its commercially reasonable efforts to prevent avoid the issuance of, andor, if issued, to obtain the withdrawal of of, (i) any order suspending the effectiveness of a Shelf Registration Statement Statement, or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such orderjurisdiction.
(e) If requested by the Initial Purchaser or any Notice HolderUpon written request, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for of the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial PurchaserPurchasers, without charge, at least one (1) conformed copy of the Shelf each Registration Statement and any each amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference thereto and all exhibits (unless requested in writing to promptly after the Company by filing of such Notice Holder, such counsel or documents with the Initial Purchaser)Commission.
(gf) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for of the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration StatementPurchasers, without charge, as many copies of the each Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Purchasers may reasonably request; and the . The Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, the Purchasers in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in the manner set forth thereinthereto.
(hg) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use its commercially reasonable efforts to register or qualify or cooperate with the Notice Holders Purchasers in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such all jurisdictions within the United States as any Notice Holder reasonably requests requested by a Purchaser proposing to sell securities in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementsuch jurisdiction, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in covered by the manner set forth in the relevant Shelf Registration Statement and the related ProspectusStatements; provided provided, that the Company will shall not be required to (i) qualify as a foreign corporation or as a dealer in securities generally to do business in any jurisdiction where it would is not otherwise be required then so qualified or subject the Company to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation material tax in any such jurisdiction where it is not then so subjectsubject or (ii) file a general consent to service of process in any such jurisdiction, except in such jurisdictions where the Company is already subject to service of process.
(h) Cooperate with the Purchasers to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to the Registration Statements, which certificates shall be free, to the extent permitted by the Exchange Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as the Purchasers may request.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event contemplated by Section 3(c)(v), as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment, to the existence of affected Registration Statements or a supplement to the related Prospectus or any fact document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as a result of which any Shelf thereafter delivered, no Registration Statement shall nor any Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours If requested by representatives for the Notice Holders of such Registrable SecuritiesPurchasers, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties the Company shall cause the appropriate officers of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authoritiesprepare and make presentations at any “road shows” and before analysts and rating agencies, as the case may be, (ii) disclosure of such information is required by law (including take other reasonable actions to obtain ratings for any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), Registrable Securities and (iii) such information becomes generally available otherwise use their reasonable efforts to the public other than cooperate as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto requested by the counsel referred to underwriters in Section 5the offering, marketing or selling of the Registrable Securities.
(k) Comply with all applicable rules The Company shall cause to be furnished to each Purchaser and regulations to each such underwriter, if any, a signed counterpart, addressed to such Purchaser or underwriter, of (i) an opinion or opinions of counsel to the Company and (ii) a comfort letter or comfort letters from the Company’s independent public accountants, each in customary form and covering such matters of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying kind customarily covered by opinions or comfort letters, as the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is case may be, as a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale majority of such Registrable SecuritiesPurchasers or the managing underwriter therefor reasonably requests.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Sources: Registration Rights Agreement (DiMaio Ahmad Capital LLC)
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare Subject to the Company’s compliance with all applicable requirements of the Securities Act, the Exchange Act and file with the SEC regulations thereto, not less than three Trading Days prior to the filing of a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements supplement thereto with the SEC(including any document that would be incorporated or deemed to be incorporated therein by reference), the Company shall (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) Counsel copies of all such documents proposed to be filed filed, which documents (other than those incorporated or deemed to be incorporated by reference) will be subject to the review of such Purchasers and use commercially Purchaser Counsel, and (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel, to reflect in each such document when so filed with conduct a reasonable investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery Securities Act. The Company shall not file a Registration Statement or any such Prospectus or any amendments or supplements thereto to which Purchasers holding a majority of such copies to the Initial Purchaser and such counselRegistrable Securities shall reasonably object.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf the Registration Statement continuously effective until effective, subject appropriate blackout periods required to comply with Securities Laws, as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible, and in any event within ten days, to any comments received from the Commission with respect to the Registration Statement or any similar provisions then in force) under amendment thereto and as promptly as reasonably possible provide the Securities ActPurchasers true and complete copies of all correspondence from and to the Commission relating to the Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Purchasers thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As Notify the Purchasers of Registrable Securities to be sold and Purchaser Counsel as promptly as practicable give reasonably possible, and (if requested by any such Person) confirm such notice to in writing no later than one Trading Day thereafter, of any of the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) following events: (i) when the Commission notifies the Company whether there will be a “review” of any Prospectus, Prospectus supplement, Shelf Registration Statement; (ii) the Commission comments in writing on any Registration Statement or post-effective amendment (in which case the Company shall deliver to each Purchaser a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf copy of such comments and of all written responses thereto); (iii) any Registration Statement or any post-effective amendment, when the same has been amendment is declared effective, ; (iiiv) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC Commission or any other federal Federal or state governmental authority for amendments requests any amendment or supplements supplement to any Shelf Registration Statement or related Prospectus or for requests additional information, information related thereto; (iiiv) of the issuance by the SEC or any other federal or state governmental authority of Commission issues any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of initiates any proceedings Proceedings for that purpose, ; (ivvi) of the receipt by the Company receives notice of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening threat of any proceeding Proceeding for such purpose, ; or (vvii) after the effective date of financial statements included or incorporated by reference in any Shelf Registration Statement filed pursuant become ineligible for inclusion or incorporation therein or any statement made in any Registration Statement or Prospectus or any document incorporated or deemed to this Agreement be incorporated therein by reference is untrue in any material respect or any revision to a Registration Statement, Prospectus or other document is required so that it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the occurrence of (but circumstances under which they were made, not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applymisleading.
(d) Use commercially reasonable its best efforts to prevent avoid the issuance of, andof or, if issued, to obtain the withdrawal of (i) any order suspending the effectiveness of a Shelf any Registration Statement Statement, or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such orderas soon as possible.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish Furnish to each Notice Holder, counsel for the Holders Purchaser and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial PurchaserCounsel, without charge, at least one (1) conformed copy of the Shelf each Registration Statement and any each amendment thereto, including financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein by reference reference, and all exhibits (unless requested in writing to the Company extent requested by such Notice Holder, Person (including those previously furnished or incorporated by reference) promptly after the filing of such counsel or documents with the Initial Purchaser)Commission.
(gf) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders Purchaser and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration StatementCounsel, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and the . The Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Purchasers in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in thereto.
(g) (i) In the time and manner set forth thereinrequired by each Trading Market, prepare and file with such Trading Market an additional shares listing application covering all of the Registrable Securities; (ii) take all steps necessary to cause such Registrable Securities to be approved for listing on each Trading Market as soon as possible thereafter; (iii) provide to the Purchasers evidence of such listing; and (iv) maintain the listing of such Registrable Securities on each such Trading Market or another Eligible Market.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use commercially reasonable its best efforts to register or qualify or cooperate with the Notice Holders selling Purchasers and Purchaser Counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably Purchaser requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in the manner set forth in the relevant Shelf covered by a Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subjectStatement.
(i) Upon (A) Cooperate with the issuance by Purchasers to facilitate the SEC timely preparation and delivery of certificates representing Registrable Securities to be delivered to a stop order suspending the effectiveness of the Shelf transferee pursuant to a Registration Statement or the initiation of proceedings with respect Statement, which certificates shall be free, to the Shelf Registration Statement under Section 8(dextent permitted by this Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Purchasers may request.
(j) or 8(e) of the Securities Act, (B) Upon the occurrence of any event described in Section 6.2(c)(vii), as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment, to the existence of any fact as a result of which any Shelf Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither the Registration Statement nor such Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(jk) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and Cooperate with any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated diligence investigation undertaken by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws Purchasers in connection with the filing sale of Registrable Securities, including, without limitation, by making available any Shelf Registration Statement documents and information; provided that the Company will not deliver or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes make available to any Purchaser material, nonpublic information unless such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust Purchaser specifically requests in advance to the Companyreceive material, and provided that the foregoing inspection and nonpublic information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5writing.
(kl) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periodsCommission.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Sources: Securities Purchase Agreement (ProLink Holdings Corp.)
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than two Trading Days prior to the SEC a Shelf filing of the Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements supplement thereto with the SEC(other than a supplement which attaches a previously filed Exchange Act Report), the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts which documents will be subject to reflect in each the review of such document when so filed with Holders. The Company shall not file the SEC Registration Statement or any such comments as Prospectus or any amendments or supplements thereto to which the such counsel reasonably shall propose within three (3) Business Days Holders of a majority of the delivery of such copies to the Initial Purchaser and such counselRegistrable Securities shall reasonably object in good faith.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including without limitation post-effective amendments amendments, to each Shelf the Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf the Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably practical to any comments received from the Commission with respect to the Registration Statement or any similar provisions then in force) under amendment thereto and, as promptly as reasonably practical provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to the Registration Statement (except to the extent such correspondence would disclose material non-public information); and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As Notify the Holders of Registrable Securities to be sold as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than three Trading Days prior to such filing) and (if requested by any such Person) confirm such notice to in writing no later than two Trading Days following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement (other than a supplement which attaches a previously filed Exchange Act Report) or post-effective amendment to a Shelf the Registration Statement has been filed with is proposed to be filed; (B) when the SEC andCommission notifies the Company whether there will be a "review" of such Registration Statement and whenever the Commission comments in writing on such Registration Statement (the Company shall provide true and complete copies thereof and all written responses thereto to each of the Holders, except to the extent such correspondence would disclose material non-public information); and (C) with respect to a Shelf the Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority during the period of effectiveness of the Registration Statement for amendments or supplements to any Shelf the Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf the Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; and (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of financial statements included in the Registration Statement ineligible for inclusion therein or details concerning) a Material Event and (vi) any statement made in the Registration Statement or Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires any revisions to the Registration Statement, Prospectus or other documents so that, in the case of the determination by the Company that a post-effective amendment to a Shelf Registration Statement or the Prospectus, as the case may be, it will not contain any untrue statement of a material fact or omit to state any material fact required to be filed with stated therein or necessary to make the SECstatements therein, which notice may, at the discretion in light of the Company (or as required pursuant to Section 3(i))circumstances under which they were made, state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applynot misleading.
(d) Use commercially its reasonable best efforts to prevent avoid the issuance of, andor, if issued, to obtain the withdrawal as promptly as reasonably possible of (i) any order suspending the effectiveness of a Shelf the Registration Statement Statement, or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such orderjurisdiction.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish Furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf each Registration Statement and any each amendment thereto, including financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein by reference reference, and all exhibits (unless requested in writing to the Company extent requested by such Notice Holder, Person (including those previously furnished or incorporated by reference) promptly after the filing of such counsel or documents with the Initial Purchaser)Commission.
(gf) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and the . The Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Holders in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in thereto, except after the manner set forth thereingiving of any notice pursuant to Section 3(c) to discontinue disposition of Registrable Securities pursuant to the Registration Statement.
(hg) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use its commercially reasonable efforts to register or qualify or cooperate with the Notice selling Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such all jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in covered by the manner set forth in the relevant Shelf Registration Statement and the related ProspectusStatement; provided PROVIDED that the Company will shall not be required to (i) qualify as a foreign corporation or as a dealer in securities generally to do business in any jurisdiction where it would is not otherwise be required then so qualified or subject the Company to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation material tax in any such jurisdiction where it is not then so subjectsubject or file a general consent to service of process in any such jurisdiction.
(h) Cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to the Registration Statement, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request in writing a reasonable period of time prior to any sale of Registrable Securities.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event contemplated by Section 3(c)(v), as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment, to the existence of any fact as a result of which any Shelf Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither the Registration Statement nor such Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, Comply in all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply material respects with all applicable rules and regulations of the SEC Commission. In connection with a registration request made by a Holder pursuant to Section 2(a) and make generally available from time to its securityholders earning statements (which need not time thereafter, the Company may require a selling Holder to furnish to the Company a Registration Statement Questionnaire in the form attached to this Agreement as Annex B, as such form may be audited) satisfying revised from time to time by the provisions of Section 11(a) Company to correspond to information required by the Commission. Each Holder shall furnish the information required in a Registration Statement Questionnaire within five Trading Days of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periodsCompany's request.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Registration Procedures. (a) In connection with the each of Xpedior's registration obligations of the Company under Section 2 hereofhereunder, the Company Xpedior shall:
(ai) Prepare and file with Not less than seven Trading Days (or such longer period as may be reasonably practicable) prior to the SEC a Shelf intended filing date of the Registration Statement or Shelf Registration Statements on Form S-1 any related Prospectus, or S-3 of any amendment or supplement thereto (excluding any other appropriate form under the Securities Act available for the sale of the Registrable Securities document that would be incorporated or deemed to be incorporated therein by the Holders thereof in accordance with the intended method or methods of distribution thereofreference), and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SEC, the Company Xpedior shall (A) furnish to the Initial Purchaser and Holders, any one firm of counsel for to the Holders (their "Special Counsel") and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) any managing underwriter copies of all such documents proposed to be filed filed, which documents (other than those incorporated or deemed to be incorporated by reference) shall be subject to the review of such Holders, their Special Counsel and use commercially such managing underwriter, and (B) cause its officers, directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel to reflect such Holders and any managing underwriter, to conduct a reasonable investigation within the meaning of the Securities Act. Xpedior shall not file any such Registration Statement or any such Prospectus, or any amendments or supplements thereto, to which the Holders of a majority of the Registrable Securities, their Special Counsel or any managing underwriter shall reasonably object in each writing within four Trading Days of their receipt thereof, in which case Xpedior shall revise such document when so filed Registration Statement and Prospectus substantially in accordance with the reasonable comments of the Holders of a majority of the Registrable Securities, their Special Counsel or any managing underwriter until such Person approves such Registration Statement and Prospectus for filing. If Xpedior is unable to file such Registration Statement with the SEC such comments as by the such counsel reasonably shall propose within three (3) Business Days Filing Date solely because of the delivery additional time necessary to address such comments, then the Filing Date shall be extended by the amount of time reasonably necessary for Xpedior to make the necessary revisions to such copies Registration Statement and Prospectus in order to the Initial Purchaser and receive filing approval from such counselPerson.
(bA) Prepare and file with the SEC such amendments and amendments, including post-effective amendments amendments, to each Shelf the Registration Statement as may be necessary to keep such Shelf Registration Statement continuously effective until as to the expiration of Registrable Securities throughout the applicable Effectiveness Period; , (B) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; , (C) respond as promptly as practicable to any comments received from the SEC with respect to the Registration Statement, the Prospectus or any amendment thereto and use commercially reasonable efforts promptly provide the Holders true and complete copies of all correspondence from and to the SEC relating to the Registration Statement and the Prospectus, and (D) comply with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf the Registration Statement Statement, as so amended or such Prospectus as so supplemented.
(ciii) As Notify the Holders of Registrable Securities to be sold, their Special Counsel and any managing underwriter as promptly as practicable give notice (and, in the case of (A)(I) below, not less than three days prior to the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (orsuch filing) and, if applicablerequested by any such Person, separate counsel for confirm such notice in writing no later than two Trading Days following the Holders) day, (iA)(I) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf the Registration Statement has been filed with is proposed to be filed, (II) when the SEC andnotifies Xpedior whether there will be a "review" of such Registration Statement and whenever the SEC comments in writing on such Registration Statement, and (III) with respect to a Shelf the Registration Statement or any post-effective amendment, when the same has been declared become effective, (iiB) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC or any other federal Federal or state governmental authority for amendments or supplements to any Shelf the Registration Statement or related Prospectus or for additional information, (iiiC) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf the Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, (ivD) of the receipt by the Company Xpedior of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, and (vE) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event that could reasonably be expected to make any statement made in the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (Prospectus, or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested reference, untrue in writing any material respect or that requires any revisions to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without chargeProspectus or other documents such that, as many copies in the case of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood misleading; provided, however, that Xpedior shall not be required to provide the Company may rely on information provided by each Notice Holder Holders with respect the details of any such event if Section 2(f) shall be applicable to such Notice Holder)event.
(iv) Use its reasonable best efforts to avoid the issuance of, as thereafter delivered to or, if issued, obtain the purchasers withdrawal of, (A) any order suspending the effectiveness of the Registration Statement, or (B) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities being sold thereunderfor sale in any jurisdiction, and, in the case as soon as reasonably practicable.
(v) If requested by any managing underwriter or by Holders of a majority in interest of the Registrable Securities to be sold in connection with an Underwritten Offering, (A) promptly incorporate into a Prospectus supplement or post-effective amendment to the Registration Statement such information concerning the manner of distribution of Registrable Securities as such managing underwriter and such Holders reasonably agree should be included therein, and (B) make all required filings of such Prospectus supplement or such post-effective amendment as soon as practicable after Xpedior has received notification of the matters to be incorporated in such Prospectus supplement or post-effective amendment; provided, however, that Xpedior shall not be required to take any action pursuant to this Section 2(a)(v) that would, in the opinion of counsel for Xpedior, violate applicable law or be materially detrimental to the business prospects of Xpedior.
(vi) Furnish to each Holder, their Special Counsel and any managing underwriter, without charge, at least one conformed copy of each Registration Statement and each amendment thereto, including financial statements and schedules, all documents incorporated or deemed to be incorporated therein by reference, and all exhibits thereto, to the extent requested by such Person (including those previously furnished or incorporated by reference) promptly after the filing of such documents with the SEC.
(vii) Promptly deliver to each Holder, their Special Counsel and any underwriters, without charge, as many copies of the Prospectus (including each form of prospectus), and each amendment or supplement thereto, as such Persons may reasonably request; and Xpedior hereby consents to the use of such Prospectuses and each amendment or supplement thereto by each of the selling Holders and any underwriters in connection with the offering and sale of the Registrable Securities covered by such Prospectuses and any amendment or supplement thereto.
(viii) Prior to any public offering of Registrable Securities, (A) use its reasonable best efforts to register or qualify, or cooperate with the selling Holders, any underwriters and their Special Counsel in connection with the registration or qualification (or exemption from such registration or qualification) of, such Registrable Securities for offer and sale under the securities or "Blue Sky" laws of such jurisdictions within the United States as any Holder or underwriter requests in writing, (B) keep each such registration or qualification (or exemption therefrom) continuously effective throughout the applicable Effectiveness Period, and (C) do any and all other acts or things necessary or advisable to enable the disposition in such jurisdictions of the Registrable Securities covered by a Shelf Registration Statement; provided, however, that Xpedior shall not be required to (X) qualify generally to do business in any jurisdiction where it is not then so qualified, (Y) take any action that would subject it to general service of process in any jurisdiction where it is not then so subject, or (Z) subject Xpedior to any material tax in any jurisdiction where it is not then so subject.
(ix) Cooperate with the Holders and any managing underwriter to facilitate the timely preparation and delivery of certificates representing the Registrable Securities to be sold pursuant to a Registration Statement, subject which certificates shall be free, to the next sentenceextent permitted by applicable law, use commercially reasonable efforts of all restrictive legends, and to cause it enable such Registrable Securities to be declared effective as promptly as is practicablein such denominations, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference registered in such Prospectus. The Company will use commercially reasonable efforts names, as any such managing underwriter or Holders may request at least two Trading Days prior to ensure that the use any sale of the Prospectus may be resumed Registrable Securities.
(x) in Upon the case occurrence of clause (A) aboveany event contemplated by Section 2(a)(iii)(E), except as contemplated by Section 2(f), as promptly as is reasonably practicable, (y) in prepare a supplement or amendment, including a post-effective amendment, to the case of clause (B) aboveRegistration Statement or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required documents such that, as soon asthereafter delivered, in neither the reasonable judgment of the Company, the Shelf Registration Statement does not nor such Prospectus will contain any untrue statement of a material fact or omits omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
(A) On or prior to the Filing Date, prepare and file with the Nasdaq National Market (and any other securities exchange, quotation system, market or over-the-counter bulletin board, if any, on which shares of Common Stock are listed or quoted) an additional shares listing application covering the maximum number of shares of Common Stock issuable in payment of dividends upon, or upon conversion of, the Series B Preferred Stock (assuming all dividends are paid in shares of Common Stock ), (B) use its reasonable best efforts to cause such shares of Common Stock to be approved for listing on the Nasdaq National Market (and any other securities exchange, quotation system, market or over-the-counter bulletin board, if any, on which shares of Common Stock are listed or quoted) on or before the applicable Effectiveness Date, including preparing and filing any amendments, supplements or exhibits thereto, (C) promptly provide to the Holders evidence of such listing(s), (D) use its reasonable best efforts to keep such listing(s) continuously effective throughout the applicable Effectiveness Period, and (zE) if at any time during the applicable Effectiveness Period the number of shares of Common Stock issuable in payment of dividends upon, or upon conversion of, the case Series B Preferred Stock shall be greater than the number of shares listed pursuant to clause (CA) above, as soon aspromptly file one or more additional shares listing applications, in the reasonable discretion of the Companyand promptly take such other actions, such suspension is no longer appropriate. The period during which that the availability number of shares so issuable shall equal or exceed the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month periodnumber of shares so listed.
(jxii) Make available for inspection during normal business hours Enter into such agreements (including, if applicable, an underwriting agreement in form, scope and substance as is customary in underwritten offerings) and take all such other actions in connection therewith (including those reasonably requested by representatives for any managing underwriter and the Notice Holders of a majority in interest of the Registrable Securities being sold) in order to expedite or facilitate the disposition of such Registrable Securities, and whether or not an underwriting agreement is entered into, (A) make such representations and warranties to such Holders as may be deemed to be underwriters for purposes of Section 2(a)(11) of the Securities Act ("Requesting Holders") and any broker-dealersunderwriters as are customarily made by issuers to underwriters in underwritten offerings, attorneys and confirm the same if and when reasonably requested, (B) immediately prior to the effectiveness of the Registration Statement and, in the case of an Underwritten Offering, at the time of delivery of any Registrable Securities sold pursuant thereto, obtain and deliver copies of opinions of counsel to Xpedior (and updates thereof) addressed to such Requesting Holders and the managing underwriter, if any, in form, scope and substance reasonably satisfactory to any such managing underwriter and Special Counsel to such Requesting Holders covering the matters customarily covered in opinions requested in underwritten offerings and such other matters as may be reasonably requested by such Special Counsel and managing underwriter, (C) immediately prior to the effectiveness of the Registration Statement, and, in the case of an Underwritten Offering, at the time of delivery of any Registrable Securities sold pursuant thereto, obtain and deliver copies to such Holders and the managing underwriter, if any, of "comfort" letters (and updates thereof) from the independent certified public accountants of Xpedior (and, if necessary, any other independent certified public accountants of any Subsidiary of Xpedior or of any business acquired by Xpedior for which financial statements and financial data is, or is required to be, included in the Registration Statement), addressed to each such Requesting Holder and each underwriter, if any, in form and substance as are customary in connection with underwritten offerings, (D) if an underwriting agreement is entered into, the same shall contain indemnification provisions and procedures no less favorable to the selling Holders and the underwriters, if any, than those set forth in Section 4 (or such other provisions and procedures acceptable to Xpedior, the managing underwriter, if any, and Holders of a majority in interest of the Registrable Securities participating in such Underwritten Offering), and (E) deliver such documents and certificates as may be reasonably requested by the Holders of a majority in interest of the Registrable Securities being sold by such Requesting Holders, their Special Counsel and any managing underwriter to evidence the continued validity of the representations and warranties made pursuant to clause (A) above and to evidence compliance with any customary conditions contained in the underwriting agreement or other agreement entered into by Xpedior.
(xiii) Make available for inspection by the selling Holders, any representative of such Holders, any underwriter participating in any disposition of Registrable Securities and any attorney or accountant retained by such Notice Holdersselling Holders or underwriters, at the offices where normally kept, during reasonable business hours, all relevant financial and other records and records, pertinent corporate documents and properties of the Company Xpedior and its subsidiariesSubsidiaries, and cause the appropriate officers, directors directors, agents and employees of the Company Xpedior and its subsidiaries Subsidiaries to make available for inspection during normal business hours supply all relevant information in each case reasonably requested by such representatives for the Notice Holders, or any such broker-dealersHolder, attorneys representative, underwriter, attorney or accountants accountant in connection with such disposition, in each case as is customary for similar "due diligence" examinationsthe Registration Statement; provided, however, that such persons shallrecords, at documents, properties and information requested to be inspected or supplied are of the Company's request, first agree in writing with the Company that any information that is kind reasonably and in good faith designated necessary to be inspected or obtained by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws selling Holders in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations disposition of the SEC and make generally available Registrable Securities; provided further, however, that such persons shall agree to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period keep confidential all information that is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities determined in good faith by Xpedior in writing to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings ra
Appears in 1 contract
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereof, the Company shallhereunder:
(a) Prepare and file with Each Holder agrees to furnish to the SEC Company a Shelf Registration Statement completed questionnaire in the form attached to this Agreement as Annex C (a “Selling Stockholder Questionnaire”) on a date that is not less than two Trading Days prior to the Filing Date or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under by the Securities Act available for the sale end of the Registrable Securities by fourth Trading Day following the Holders thereof date on which such H▇▇▇▇▇ receives draft materials in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counselthis Section.
(b) Prepare The Company shall prepare and file with the SEC such amendments and amendments, including post-effective amendments amendments, to each Shelf a Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf a Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the SEC such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness Period; Registrable Securities, (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplementsupplement (subject to the terms of this Agreement), and and, as so supplemented or amended, to be filed pursuant to Rule 424 424, (iii) respond as promptly as reasonably practicable to any comments received from the SEC with respect to a Registration Statement or any similar provisions then in forceamendment thereto and provide as promptly as reasonably possible to the Holders true and complete copies of all correspondence from and to the SEC relating to a Registration Statement (provided that, the Company shall excise any information contained therein which would constitute material non-public information regarding the Company or any of its Subsidiaries), and (iv) under the Securities Act; and use commercially undertake reasonable efforts to comply in all material respects with the applicable provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf a Registration Statement during the Effectiveness Period applicable period in accordance (subject to the terms of this Agreement) with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As If during the Effectiveness Period, the number of Registrable Securities at any time exceeds 100% of the number of shares constituting Registrable Securities then registered in a Registration Statement, file, as soon as reasonably practicable, an additional Registration Statement covering the resale by the Holders of not less than the number of such Registrable Securities, subject to SEC Guidance and the provisions of this Agreement.
(d) The Company shall notify the Holders of Registrable Securities to be sold (which notice shall, pursuant to clauses (iii) through (vi) hereof, be accompanied by an instruction to suspend the use of the Prospectus until the requisite changes have been made) as promptly as practicable give reasonably possible and (if requested by any such Person) confirm such notice to in writing no later than three Trading Days following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) day (i) when any Prospectus, Prospectus supplement, Shelf Registration Statement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf a Registration Statement or related Prospectus or for additional informationinformation related to the applicable Holder, (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of or details concerning) financial statements included in a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (ineligible for inclusion therein or as required pursuant to Section 3(i)), state that it constitutes any statement made in a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing to the Company by such Notice Holder, such counsel any material respect or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with that requires any sale of Registrable Securities pursuant revisions to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holderother documents so that, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC case of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (zvi) in of the case occurrence or existence of clause (C) above, as soon asany pending corporate development with respect to the Company that the Company believes may be material and that, in the reasonable discretion determination of the Company, such suspension is no longer appropriate. The period during which makes it not in the best interest of the Company to allow continued availability of a Registration Statement or Prospectus, provided, however, in no event shall any such notice contain any information which would constitute material, non-public information regarding the Shelf Company or any of its Subsidiaries.
(e) The Company shall use its commercially reasonable efforts to avoid the issuance of, or, if issued, obtain the withdrawal of (i) any order stopping or suspending the effectiveness of a Registration Statement, or (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, at the earliest practicable moment.
(f) The Company shall furnish to each Holder, without charge, at least one conformed copy of each such Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securitieseach amendment thereto, including financial statements and any broker-dealers, attorneys and accountants retained by such Notice Holdersschedules, all relevant financial and other records and pertinent corporate documents and properties of incorporated or deemed to be incorporated therein by reference to the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information extent reasonably requested by such representatives for Person, and all exhibits to the Notice Holdersextent requested by such Person (including those previously furnished or incorporated by reference) promptly after the filing of such documents with the SEC; provided, or that any such broker-dealersitem which is available on the E▇▇▇▇ system (or successor thereto) need not be furnished in physical form.
(g) Subject to the terms of this Agreement, attorneys the Company hereby consents to the use of such Prospectus and each amendment or accountants supplement thereto by each of the selling Holders in connection with the offering and sale of the Registrable Securities covered by such dispositionProspectus and any amendment or supplement thereto, in each case except after the giving of any notice pursuant to Section 3 (d).
(h) Prior to any resale of Registrable Securities by a Holder, or from time to time as is customary for similar "due diligence" examinations; providedreasonably requested by the Holder, however, that such persons shall, at the Company's request, first agree in writing use its commercially reasonable efforts to register or qualify or cooperate with the Company that any information that is reasonably and selling Holders in good faith designated connection with the registration or qualification (or exemption from the registration or qualification) of such Registrable Securities for the resale by the Company in writing as confidential at Holder under the time of delivery securities or Blue Sky laws of such information jurisdictions within the United States as any Holder reasonably requests in writing, to keep each registration or qualification (or exemption therefrom) effective during the Effectiveness Period and to do any and all other acts or things reasonably necessary to enable the disposition in such jurisdictions of the Registrable Securities covered by each Registration Statement, provided that the Company shall not be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless required to (i) disclosure of such information qualify generally to do business in any jurisdiction where it is required by court or administrative order or is necessary to respond to inquiries of regulatory authoritiesnot then so qualified, (ii) disclosure of become subject to any material tax in any such information jurisdiction where it is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement not then so subject, or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available file a general consent to the public other than as a result service of a disclosure or failure to safeguard by process in any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5jurisdiction.
(ki) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is If requested by a fiscal year) commencing on the first day of the first fiscal quarter of Holder, the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate cooperate with each Notice such Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold to be delivered to a transferee pursuant to a Shelf Registration Statement, which certificates shall not bear any be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and cause to enable such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as any such Notice Holder may request request.
(j) The Company shall use commercially reasonable efforts, upon the occurrence of any event contemplated by Section 3(d), as promptly as reasonably possible under the circumstances taking into account the Company’s good faith assessment of any adverse consequences to the Company and its shareholders of the premature disclosure of such event, prepare a supplement or amendment, including a post-effective amendment, to a Registration Statement or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither a Registration Statement nor such Prospectus will 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, in light of the circumstances under which they were made, not misleading. If the Company notifies the Holders in accordance with clauses (iii) through (vi) of Section 3(d) above to suspend the use of any Prospectus until the requisite changes to such Prospectus have been made, then the Holders shall suspend use of such Prospectus. The Company will use its commercially reasonable efforts to ensure that the use of the Prospectus may be resumed as promptly as is reasonably practicable.
(k) The Company shall otherwise use commercially reasonable efforts to comply with all applicable rules and regulations of the SEC under the Securities Act and the Exchange Act, including, without limitation, Rule 172 under the Securities Act, file any final Prospectus, including any supplement or amendment thereof, with the SEC pursuant to Rule 424 under the Securities Act, promptly inform the Holders in writing if, at least any time during the Effectiveness Period, the Company does not satisfy the conditions specified in Rule 172 and, as a result thereof, the Holders are required to deliver a Prospectus in connection with any disposition of Registrable Securities and take such other actions as may be reasonably necessary to facilitate the registration of the Registrable Securities hereunder.
(2l) Business Days prior The Company may require each selling Holder to any sale furnish to the Company a certified written statement as to the number of shares of Common Stock beneficially owned by such Registrable SecuritiesHolder and, if required by the SEC, the natural persons thereof that have voting and dispositive control over the shares.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement The Company shall not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for be obligated to register or qualify the Common Stock with certificates for the Registrable Securities that are Shares and Warrant Shares in a form eligible for deposit with The Depository Trust Companyany state which applies merit review.
(n) Cooperate Notwithstanding anything to the contrary contained in this Agreement (but subject to the last sentence of this Section 3(n)), at any time after the Effective Date of a particular Registration Statement, the Company may, upon written notice to the Holders, suspend the Holders’ use of any prospectus that is a part of any Registration Statement (in which event the Holders shall discontinue sales of the Registrable Securities pursuant to such Registration Statement contemplated by this Agreement, but shall settle any previously made sales of Registrable Securities) if the Company (x) is pursuing an acquisition, merger, tender offer, reorganization, disposition or other similar transaction and assist the Company determines in good faith that (A) the Company’s ability to pursue or consummate such a transaction would be materially adversely affected by any required disclosure of such transaction in such Registration Statement or other registration statement or (B) such transaction renders the Company unable to comply with SEC requirements, in each case under circumstances that would make it impractical or inadvisable to cause any Registration Statement (or such filings) to be used by the Holders or to promptly amend or supplement any Registration Statement contemplated by this Agreement on a post effective basis, as applicable, or (y) has experienced some other material non-public event the disclosure of which at such time, in the good faith judgment of the Company, would materially adversely affect the Company (each, an “Allowable Grace Period”); provided, however, that in no event shall the Holders be suspended from selling Registrable Securities pursuant to any Registration Statement for a period that exceeds 30 calendar days in any filings r365-day period; and provided, further, the Company shall not effect any such suspension during the first 10 consecutive Trading Day period commencing on the Effective Date of the particular Registration Statement. Upon disclosure of such information or the termination of the condition described above, the Company shall provide prompt notice, but in any event within one Trading Day of such disclosure or termination, to the Holders and shall promptly terminate any suspension of sales it has put into effect and shall take such other reasonable actions to permit registered sales of Registrable Securities as contemplated in this Agreement (including as set forth in the first sentence of Section 3(d) with respect to the information giving rise thereto unless such material, non-public information is no longer applicable). Notwithstanding anything to the contrary contained in this Section 3(p), the Company shall cause its transfer agent to deliver shares of Common Stock to a transferee of a Holder in accordance with the terms of the Purchase Agreement in connection with any sale of Registrable Securities with respect to which (i) the Company has made a sale to the Holders and (ii) the Holders has entered into a contract for sale, and delivered a copy of the Prospectus included as part of the particular Registration Statement to the extent applicable, in each case prior to the Holder’s receipt of the notice of an Allowable Grace Period and for which the Holder has not yet settled.
Appears in 1 contract
Sources: Registration Rights Agreement (White River Energy Corp.)
Registration Procedures. In connection with the registration obligations of the Company under Section 2 hereof, the Company shall:
(a) Prepare and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially its reasonable best efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially its reasonable best efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counsel.
(b) Prepare and file with the SEC such amendments and post-effective amendments to each Shelf Registration Statement as may be necessary to keep such Shelf Registration Statement continuously effective until the expiration of the Effectiveness Period; cause the related Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; and use commercially reasonable its best efforts to comply with the provisions of the Securities Act applicable to it with respect to the disposition of all securities covered by such Shelf Registration Statement during the Effectiveness Period in accordance with the intended methods of disposition by the sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented.
(c) As promptly as practicable give notice to the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) (i) when any Prospectus, Prospectus supplement, Issuer Free Writing Prospectus, Shelf Registration Statement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement Statement, related Prospectus or related Issuer Free Writing Prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of any proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event Event, and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable its best efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in an Issuer Free Writing Prospectus, a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein to correct any untrue statement of a material fact or any omission of a material fact necessary to make the statements therein not misleading or by applicable law law, and make any required filings of such Issuer Free Writing Prospectus, Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the if it receives written opinion advice of counsel for that the Company, are incorporation of such information is not in compliance with required by applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and Issuer Free Writing Prospectus or Prospectuses (in each case including any amendment or supplement thereto thereto) as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and Issuer Free Writing Prospectus (in each case including each amendment or supplement thereto thereto) by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable its best efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable its best efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's ’s offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus or Issuer Free Writing Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development (a “Material Event”) that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event")and any related Issuer Free Writing Prospectus, (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus, relevant Issuer Free Writing Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Statement, Prospectus or Issuer Free Writing Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus and any such Issuer Free Writing Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable its best efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "“Suspension Notice"”) and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's ’s receipt of copies of the supplemented or amended Prospectus as provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus and any applicable Issuer Free Writing Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus or Issuer Free Writing Prospectus. The Company will use commercially reasonable its best efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus and Issuer Free Writing Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus and Issuer Free Writing Prospectus may be suspended (the "“Suspension Period"”) without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty forty-five (3045) days in the aggregate in any three (3) month period or one hundred twenty and ninety (12090) days in the aggregate in any twelve (12) month period. The Effectiveness Period shall be extended by the number of days from and including the date of the giving of the Suspension Notice to and including the date on which the Notice Holder received copies of the supplemented or amended Prospectus (including by means of an Issuer Free Writing Prospectus) or of the relevant Issuer Free Writing Prospectus, each as provided for in clause (i) above, or the date on which it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus or Issuer Free Writing Prospectus.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "“due diligence" ” examinations; provided, however, that such persons shall, at the Company's ’s request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus or Issuer Free Writing Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings ro
Appears in 1 contract
Registration Procedures. In connection with the registration obligations of the Company under Section 2 hereofRegistrable Securities contemplated by this ARTICLE II, Coty Parent shall, until the Company shalllatest Registration Rights Termination Date with respect to all Registration Equityholders, reasonably cooperate in the sale of such Registrable Securities and shall use commercially reasonable efforts to:
(a) Prepare prepare and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the with respect to such Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereofas provided herein and, and if such Registration Statement is not automatically effective upon filing, use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain be declared effective as provided hereinpromptly as reasonably practicable after the filing thereof; provided that provided, however, that, before filing any Shelf a Registration Statement or Prospectus or any amendments or supplements thereto with (including free writing prospectuses under Rule 433 under the SECSecurities Act, the Company each, a “Free Writing Prospectus”), Coty Parent shall furnish to the Initial Purchaser Registration Equityholders and counsel for the Holders and for the Initial Purchaser (ormanaging underwriter(s), if applicableany, separate counsel for the Holders) copies of the Registration Statement and all such other documents proposed to be filed and use commercially (including exhibits thereto), including, upon the reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days request of the delivery of such copies Registration Equityholders and to the Initial Purchaser extent reasonably practicable, all documents that would be incorporated by reference or deemed to be incorporated by reference therein, which Registration Statement and documents will be subject to the reasonable review and comment of the Registration Equityholders and their counsel, provided that such counsel.review shall not apply to any Exchange Act periodic or current report filed or proposed to be filed by Coty Parent. Coty Parent shall not file any Registration Statement or Prospectus or any amendments or supplements thereto (including Free Writing Prospectuses) with respect to any registration pursuant to Section 2.1 to which the Registration Equityholders and their counsel or the managing underwriter(s), if any, shall reasonably object, in writing, on a timely basis, unless in the opinion of Coty Parent, such filing is necessary to comply with applicable Requirements of Law;
(b) Prepare prepare and file with the SEC such amendments and post-effective amendments supplements to each Shelf such Registration Statement Statement, the Prospectus used in connection therewith (including Free Writing Prospectuses) and Exchange Act reports as may be necessary to keep such Shelf Registration Statement continuously effective until for the expiration of the Effectiveness Period; cause the related Prospectus to be supplemented by any required Prospectus supplementperiod set forth in Section 2.1(b), and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; and use commercially reasonable efforts to comply with the provisions of the Securities Act applicable to it with respect to the disposition of all securities covered by such Shelf Registration Statement during the Effectiveness Period until such time as all of such securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented.Statement;
(c) As promptly as practicable give notice furnish to the Notice Holders, Registration Equityholders and the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (ormanaging underwriter(s), if applicableany, separate counsel for the Holders) (i) when any such number of conformed copies, without charge, of such Registration Statement, each amendment and supplement thereto, including each preliminary and final Prospectus, Prospectus supplementany Free Writing Prospectus, Shelf Registration Statement or post-effective amendment to a Shelf Registration Statement has been all exhibits and other documents filed with the SEC and, with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared effective, (ii) of any therewith and such other documents as such Persons may reasonably request, following including in order to facilitate the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of any proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any disposition of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed accordance with the SECintended method or methods of disposition thereof; and Coty Parent, which notice may, at the discretion of the Company (or as required pursuant subject to Section 3(i)2.1(d), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice HolderStockholders and the managing underwriter(s), if any, in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any such amendment or supplement thereto in the manner set forth therein.thereto;
(hd) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the such other securities or Blue Sky laws “blue sky” Laws of such jurisdictions within as the United States as any Notice Holder Registration Equityholders reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or and things reasonably that may be necessary or reasonably advisable to enable the Registration Equityholders to consummate the disposition in such jurisdictions of such the Registrable Securities in accordance with the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided intended method of distribution thereof (provided, that the Company will Coty Parent shall not be required to (i) qualify as a foreign corporation or as a dealer in securities generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this Agreement subsection; (ii) subject itself to taxation in any jurisdiction wherein it is not so subject; or (iiiii) take any action that which would subject it to general service of process in suits or to taxation in any such jurisdiction where wherein it is not then so subject.);
(ie) Upon (A) promptly notify the issuance by Registration Equityholders and the SEC of managing underwriter(s), if any, at any time when a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect Prospectus relating thereto is required to the Shelf Registration Statement be delivered under Section 8(d) or 8(e) of the Securities Act, (B) of the occurrence of any event or the existence of any fact as a result of which the Prospectus (including any Shelf information incorporated by reference therein) included in such Registration Statement shall contain any Statement, as then in effect, contains an untrue statement of a material fact or omit to state omits any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, misleading in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentenceand, as promptly as practicablereasonably practicable upon discovery, prepare and file, if necessary pursuant furnish to applicable law, the Registration Equityholders a post-effective reasonable number of copies of a supplement or amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference Prospectus, or file any other required document that would document, as may be incorporated by reference into necessary so that, as thereafter delivered to any prospective purchasers of such Shelf Registration Statement and Registrable Securities, such Prospectus so that such Shelf Registration Statement does shall not contain any an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, misleading in the light of the circumstances under which they were made;
(f) promptly notify the Registration Equityholders and the managing underwriter(s) of any underwritten offering, not misleading if any, (it being understood that i) when the Company may rely on information provided by each Notice Holder with respect to such Notice Holder)Registration Statement, as thereafter delivered to any pre-effective amendment, the purchasers of the Registrable Securities being sold thereunder, and, in the case of a Prospectus or any Prospectus supplement or any post-effective amendment to the Registration Statement or any Free Writing Prospectus has been filed and, with respect to such Registration Statement or any post-effective amendment, when the same has become effective; (ii) of any request by the SEC for amendments or supplements to such Registration Statement or to such Prospectus or for additional information; (iii) of the issuance by the SEC of any stop order suspending the effectiveness of such Registration Statement or the initiation of any proceedings for that purpose; and (iv) of the suspension of the qualification of such securities for offering or sale in any jurisdiction, or the institution of any proceedings for any such purposes;
(g) cause all such Registrable Securities covered by such Registration Statement to be listed promptly (after notice of issuance) on NYSE or the principal securities exchange or interdealer quotation system on which any Voting Equity Securities of Coty Parent is then listed or quoted;
(h) reasonably cooperate with the Registration Equityholders and the managing underwriter(s), if any, in connection with the sale of Registrable Securities and other securities of Existing Holders under a Shelf Registration Statement, to facilitate the timely preparation and delivery of certificates or book entry credits representing such Registrable Securities in a form eligible for deposit with the Depository Trust Company not bearing any restrictive legends (other than as required by the Depository Trust Company) and not subject to the next sentenceany stop transfer order with any transfer agent, use commercially reasonable efforts to and cause it such Registrable Securities to be declared effective issued in such denominations and registered in such names as promptly as is practicablethe managing underwriter(s), and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (if any, may request in writing or, if applicablenot an underwritten offering, separate counsel for in accordance with the Holders) that the availability instructions of the Shelf Registration Statement is suspended Equityholders, in each case, at least two (a "Suspension Notice"2) and, upon receipt Business Days prior to any sale of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause Securities;
(i) aboveenter into such customary and reasonably acceptable agreements (including underwriting agreements with customary provisions) and take all such other reasonable and customary actions as the Registration Equityholders or the managing underwriter(s), or until it is advised in writing by the Company that the Prospectus may be usedif any, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary reasonably request in order to make expedite or facilitate the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders disposition of such Registrable Securities, including, without limitation, preparing for and participating in such number of “road shows” and all such other customary selling efforts as the managing underwriter(s) reasonably request in order to expedite or facilitate such disposition;
(j) in connection with any underwritten offering of Registrable Securities, make available upon reasonable notice and during normal business hours for inspection by the Registration Equityholders, any managing underwriter(s) participating in any disposition pursuant to such Registration Statement and any broker-dealersattorney, attorneys and accountants accountant or other agent retained by such Notice Holdersthe Registration Equityholders or underwriter(s), all relevant financial and other records and records, pertinent corporate documents and properties documents relating to the business of the Company and its subsidiaries, and cause the appropriate officers, directors and employees Coty Parent as may be necessary to complete customary due diligence for an underwritten offering of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinationssecurities; provided, however, that such persons the Registration Equityholders shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreementcause each such underwriter(s), unless accountant or other agent to, (i) disclosure of such information is required by court enter into a customary confidentiality agreement or administrative order or is necessary arrangement in form and substance reasonably satisfactory to respond to inquiries of regulatory authorities, Coty Parent; and (ii) disclosure of such information is required by law (including any disclosure requirements pursuant minimize, to federal securities laws the extent reasonably practicable, the disruption to Coty Parent’s business in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.foregoing;
(k) Comply comply with all applicable rules and regulations of the SEC SEC, and make generally available to its securityholders earning statements security holders, as soon as reasonably practicable after the effective date of the Registration Statement, an earnings statement covering the period of at least twelve (12) months beginning with the first (1st) day of Coty Parent’s first (1st) full calendar quarter after the effective date of the Registration Statement, which need not be audited) satisfying earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.thereunder;
(l) Cooperate with each Notice Holder to facilitate in the timely preparation and delivery event of certificates representing Registrable Securities sold pursuant to the issuance of any stop order suspending the effectiveness of a Shelf Registration Statement, which certificates shall not bear or of any restrictive legends, and cause such Registrable Securities to be order suspending or preventing the use of any related Prospectus or ceasing trading of any securities included in such denominations as are permitted by Registration Statement for sale in any jurisdiction, obtain the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale withdrawal of such Registrable Securities.order as soon as reasonably practicable;
(m) Provide in connection with any underwritten offering of Registrable Securities, obtain one (1) or more comfort letters, addressed to the managing underwriters for such offering, dated the date of sale by the Registration Equityholders and a CUSIP number customary “bring-down” letter dated the date of the closing under the underwriting agreement for all Registrable Securities such offering, signed by the independent public accountants who have issued an audit report on Coty Parent’s financial statements included in such Registration Statement in customary form and covering such matters of the type customarily covered by each Shelf comfort letters as the Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.Equityholders reasonably request;
(n) Cooperate in connection with any underwritten offering of Registrable Securities, use commercially reasonable efforts to cause Coty Parent’s outside counsel to deliver legal opinions (which counsel and assist opinions (in form, scope and substance) shall be reasonably satisfactory to the managing underwriter(s) and counsel to such managing underwriter(s)), addressed to each of the managing underwriter, with respect to the Registration Statement, each amendment and supplement thereto (including the preliminary Prospectus) in customary form and covering such matters of the type customarily covered by legal opinions of such nature and such other matters as may be reasonably requested by the counsel to the managing underwriter(s); and
(o) take or cause to be taken all other actions, and do and cause to be done all other things, reasonably necessary or as are customary and advisable in the opinion of the Registration Equityholders’ counsel to effect the registration of such Registrable Securities contemplated hereby.
(p) In the case of any filings runderwritten offering of Registrable Securities registered under a Registration Statement filed pursuant to Section 2.1(a) or Section 2.2, (i) all Registrable Securities included therein shall be subject to the applicable underwriting agreement with customary terms and a Registration Equityholder may not participate in such offering or registration unless such Registration Equityholder agrees to sell such Registration Equityholder’s securities on the basis provided therein; and (ii) a Registration Equityholder may not participate in such offering or registration unless such Registration Equityholder completes and executes all questionnaires, indemnities, underwriting agreements and other documents (other than powers of attorney) reasonably required by the managing underwriter(s) to be executed in connection therewith, and provide such other information to Coty Parent or the underwriter(s) as may be reasonably requested to offer or register such Stockholder’s Registrable Securities; provided, however, that the aggregate amount of liability of each Registration Equityholder pursuant to any indemnification obligation thereunder (which, for the avoidance of doubt, shall be on a several and not joint basis) shall not exceed the net proceeds received by such Registration Equityholder from such offering.
Appears in 1 contract
Sources: Contribution Agreement (Coty Inc.)
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(ai) Prepare and file with the SEC a Shelf Registration Statement or Shelf Commission such Registration Statements on Form S-1 or S-3 or any other appropriate form in order to register for sale under the Securities Act available for the sale all of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereofSecurities, and to use commercially its reasonable best efforts to cause each such Shelf Registration Statement Statements to become effective and remain effective effective, and, as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SECexpeditiously as possible, the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counsel.
(b) Prepare prepare and file with the SEC such amendments and amendments, including post-effective amendments to each Shelf Registration Statement as may be necessary to keep such Shelf the Registration Statement Statements continuously effective until as to the expiration of the applicable Registrable Securities for its Effectiveness Period; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible to any comments received from the Commission with respect to each Registration Statement or any similar provisions then in force) under the Securities Actamendment thereto; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the Registration Statement(s) and the disposition of all securities Registrable Securities covered by such Shelf each Registration Statement during the Effectiveness Period in accordance with the intended methods of disposition by the sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented.Statement;
(cb) As Notify the Holders as promptly as practicable give notice to the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser reasonably possible (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a "review" of such Registration Statement and whenever the Commission comments in writing on such Registration Statement; and (C) with respect to a Shelf each Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf a Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; and (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of or details concerning) financial statements included in a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (ineligible for inclusion therein or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, any statement made in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf such Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing any material respect or that requires any revisions to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and other documents so that, in the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use case of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading misleading;
(it being understood that c) Use its reasonable best efforts to avoid the Company may rely on information provided by each Notice Holder with respect to such Notice Holder)issuance of, as thereafter delivered to or, if issued, obtain the purchasers withdrawal of (i) any order suspending the effectiveness of a Registration Statement, or (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities being sold thereunderfor sale in any jurisdiction, andat the earliest practicable moment;
(d) Prior to any public offering of Registrable Securities, register or qualify such Registrable Securities for offer and sale under the securities or Blue Sky laws of all jurisdictions within the United States as any Holder may request, to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period and to do any and all other acts or things necessary or advisable to enable the disposition in such jurisdictions of the case Registrable Securities covered by the Registration Statement(s);
(e) Cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to the Registration Statement(s), which certificates shall be free, to the extent permitted by the Purchase Agreement or applicable law, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request;
(f) Upon the occurrence of any event contemplated by Section 5(c)(v), as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment to a Shelf Registration Statementamendment, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice affected Registration Statements or a supplement to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of related Prospectus or any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are document incorporated or deemed to be incorporated therein by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) abovereference, and file any other required document so that, as promptly as is practicablethereafter delivered, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf no Registration Statement does not nor any Prospectus will contain any an untrue statement of a material fact or omits omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading;
(g) As expeditiously as possible, and (z) in the case furnish to each selling Holder of clause (C) above, as soon as, in the Registrable Securities such reasonable discretion numbers of copies of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice amendment and supplement thereto, Prospectus, and such other documents as the selling Holder of Registrable Securities may reasonably request in order to facilitate the timely preparation and delivery public sale or other disposition of certificates representing the Registrable Securities sold pursuant Securities;
(h) Use its reasonable best efforts to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause all such Registrable Securities to be in such denominations as are permitted listed on each securities exchange, if applicable, on which similar securities issued by the Indenture Company are then listed;
(i) In the event of any underwritten public offering, enter into and registered perform its obligations under an underwriting agreement in customary form with the managing underwriter of such names offering;
(j) In the event of any underwritten public offering, if requested by the underwriter, obtain a cold comfort letter from the Company’s independent public accountants in customary form and covering such matters of the type customarily covered by cold comfort letters, addressed to the selling Holders of Registrable Securities;
(k) enter into such customary agreements (including underwriting agreements in customary form) and take all such other actions as such Notice Holder may the holders of a majority of the Registrable Securities being sold or the underwriters, if any, reasonably, request in writing at least (2) Business Days prior order to any sale expedite or facilitate the disposition of such Registrable Securities.Securities (including, without limitation, effecting a stock split or a combination of shares); and,
(ml) Provide a CUSIP number for all Registrable Securities covered take such other actions as shall be reasonably requested by each Shelf Registration Statement not later than any Holder consistent with the effective date terms of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Companythis Agreement.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Sources: Registration Rights Agreement (Perpetual Technologies, Inc.)
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than five Trading Days prior to the SEC filing of a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements thereto with the SECsupplement thereto, the Company shall shall, (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) their Special Counsel copies of all such documents proposed to be filed (including documents incorporated or deemed incorporated by reference) which documents will be subject to the review of such Holders and use commercially their Special Counsel, and (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel, to reflect in each such document when so filed with conduct a reasonable investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery Securities Act. The Company shall not file a Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of such copies to a majority of the Initial Purchaser Registrable Securities and such counseltheir Special Counsel shall reasonably object in good faith.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf a Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible, and in any event within ten days, to any comments received from the Commission with respect to a Registration Statement or any similar provisions then in force) under amendment thereto and, as promptly as reasonably possible, provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to such Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf a Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As Notify the Holders of Registrable Securities to be sold and their Special Counsel as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than three Trading Days prior to such filing) and (if requested by any such Person) confirm such notice to in writing no later than one Trading Day following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a "review" of such Registration Statement and whenever the Commission comments in writing on such Registration Statement (the Company shall provide true and complete copies thereof and all written responses thereto to each of the Holders); and (C) with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf a Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; and (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but any event or passage of time that makes the financial statements included in a Registration Statement ineligible for inclusion therein or any statement made in a Registration Statement or Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires any revisions to a Registration Statement, Prospectus or other documents so that, in the case of a Registration Statement or the Prospectus, as the case may be, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the nature of or details concerning) a Material Event and (vi) statements therein, in light of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SECcircumstances under which they were made, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applynot misleading.
(d) Use commercially reasonable its best efforts to prevent avoid the issuance of, andor, if issued, to obtain the withdrawal of (i) any order suspending the effectiveness of a Shelf Registration Statement Statement, or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case at the earliest possible practicable moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish Furnish to each Notice Holder, counsel for the Holders Holder and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchasertheir Special Counsel, without charge, at least one (1) conformed copy of the Shelf each Registration Statement and any each amendment thereto, including financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein by reference reference, and all exhibits (unless requested in writing to the Company extent requested by such Notice Holder, Person (including those previously furnished or incorporated by reference) promptly after the filing of such counsel or documents with the Initial Purchaser)Commission.
(gf) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders Holder and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statementtheir Special Counsel, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and the . The Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Holders in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in the manner set forth thereinthereto.
(hg) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use commercially reasonable its best efforts to register or qualify or cooperate with the Notice selling Holders and their Special Counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in the manner set forth in the relevant Shelf covered by a Registration Statement and the related ProspectusStatement; provided PROVIDED, that the Company will shall not be required to (i) qualify as a foreign corporation or as a dealer in securities generally to do business in any jurisdiction where it would is not otherwise be required then so qualified or subject the Company to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation material tax in any such jurisdiction where it is not then so subject.
(h) Cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event contemplated by Section 3(c)(v), as promptly as reasonably possible, prepare a supplement or the existence of any fact as amendment, including a result of which any Shelf post-effective amendment, to a Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither a Registration Statement nor such Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periodsCommission.
(lk) Cooperate with The Company may require each Notice selling Holder to facilitate furnish to the timely preparation and delivery Company a certified statement as to the number of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statementshares of Common Stock beneficially owned by such Holder and, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted if requested by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable SecuritiesCommission, the controlling person thereof.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Sources: Registration Rights Agreement (Wilsons the Leather Experts Inc)
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than one (1) Trading Day prior to the SEC a Shelf filing of each Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or and any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SECrelated Prospectus, the Company shall (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) each Holder copies of all such documents proposed to be filed filed, and use commercially (ii) cause its officers and directors, counsel and independent registered public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel to reflect in each such document when so filed with Holder, to conduct a reasonable investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery of such copies Securities Act. Each Holder agrees to furnish to the Initial Purchaser and such counselCompany a completed questionnaire (a “Selling Stockholder Questionnaire”) on a date that is not less than two (2) Trading Days prior to the Filing Date.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf a Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf a Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness Period; Registrable Securities, (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplementsupplement (subject to the terms of this Agreement), and and, as so supplemented or amended, to be filed pursuant to Rule 424 424, (iii) respond as promptly as reasonably possible to any comments received from the Commission with respect to a Registration Statement or any similar provisions then amendment thereto and upon written request by a Holder, provide as promptly as reasonably possible to the Holders true and complete copies of all correspondence from and to the Commission relating to a Registration Statement (provided that, the Company shall excise any information contained therein which would constitute material non-public information regarding the Company or any of its Subsidiaries), and (iv) comply in force) under the Securities Act; and use commercially reasonable efforts to comply all material respects with the applicable provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf a Registration Statement during the Effectiveness Period applicable period in accordance (subject to the terms of this Agreement) with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As If during the Effectiveness Period, the number of Registrable Securities at any time exceeds 100% of the number of shares of Common Stock then registered in a Registration Statement, then the Company shall file as soon as reasonably practicable, but in any case prior to the applicable Filing Date, an additional Registration Statement covering the resale by the Holders of not less than the number of such Registrable Securities.
(d) Notify the Holders of Registrable Securities to be sold (which notice shall, pursuant to clauses (iii) through (vi) hereof, be accompanied by an instruction to suspend the use of the Prospectus until the requisite changes have been made) as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than one (1) Trading Day prior to such filing) and (if requested by any such Person) confirm such notice to in writing no later than one (1) Trading Day following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with is proposed to be filed, (B) when the SEC andCommission notifies the Company whether there will be a “review” of such Registration Statement, and (C) with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal or state governmental authority for amendments or supplements to any Shelf a Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC Commission or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of or details concerning) financial statements included in a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (ineligible for inclusion therein or as required pursuant to Section 3(i)), state that it constitutes any statement made in a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing to the Company by such Notice Holder, such counsel any material respect or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with that requires any sale of Registrable Securities pursuant revisions to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holderother documents so that, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC case of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (zvi) in of the case occurrence or existence of clause (C) above, as soon asany pending corporate development with respect to the Company that the Company believes may be material and that, in the reasonable discretion determination of the Company, such suspension is no longer appropriate. The period during which makes it not in the best interest of the Company to allow continued availability of a Registration Statement or Prospectus.
(e) Use its best efforts to avoid the Shelf issuance of, or, if issued, obtain the withdrawal of (i) any order stopping or suspending the effectiveness of a Registration Statement, or (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, at the earliest practicable moment.
(f) Furnish to each Holder, without charge, at least one conformed copy of each such Registration Statement and each amendment thereto, including financial statements and schedules, all documents incorporated or deemed to be incorporated therein by reference to the extent requested by such Person, and all exhibits to the extent requested by such Person (including those previously furnished or incorporated by reference) promptly after the filing of such documents with the Commission, provided that any Prospectus may such item which is available on the E▇▇▇▇ system (or successor thereto) need not be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days furnished in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month periodphysical form.
(jg) Make available for inspection during normal business hours by representatives for Subject to the Notice Holders terms of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure the Company hereby consents to the use of such information is required Prospectus and each amendment or supplement thereto by court or administrative order or is necessary to respond to inquiries each of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws the selling Holders in connection with the filing offering and sale of the Registrable Securities covered by such Prospectus and any amendment or supplement thereto, except after the giving of any Shelf Registration Statement or the use of any Prospectus referred notice pursuant to in this AgreementSection 3(d), .
(iiih) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available Prior to any such person from a source other than the Company and such source is not bound resale of Registrable Securities by a confidentiality agreement Holder, use its commercially reasonable efforts to register or is not otherwise qualify or cooperate with the selling Holders in connection with the registration or qualification (or exemption from the registration or qualification) of such Registrable Securities for the resale by the Holder under a duty the securities or Blue Sky laws of trust such jurisdictions within the United States as any Holder reasonably requests in writing, to keep each registration or qualification (or exemption therefrom) effective during the CompanyEffectiveness Period and to do any and all other acts or things reasonably necessary to enable the disposition in such jurisdictions of the Registrable Securities covered by each Registration Statement, and provided that the foregoing inspection and information gathering shallCompany shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified, subject the Company to the greatest extent possible, be coordinated on behalf any material tax in any such jurisdiction where it is not then so subject or file a general consent to service of all the Notice Holders and the other parties entitled thereto by the counsel referred to process in Section 5any such jurisdiction.
(ki) Comply If requested by a Holder, cooperate with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold to be delivered to a transferee pursuant to a Shelf Registration Statement, which certificates shall not bear any be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and cause to enable such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as any such Notice Holder may request request.
(j) Upon the occurrence of any event contemplated by Section 3(d), as promptly as reasonably possible under the circumstances taking into account the Company’s good faith assessment of any adverse consequences to the Company and its stockholders of the premature disclosure of such event, prepare a supplement or amendment, including a post-effective amendment, to a Registration Statement or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither a Registration Statement nor such Prospectus will 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, in light of the circumstances under which they were made, not misleading. If the Company notifies the Holders in accordance with clauses (iii) through (vi) of Section 3(d) above to suspend the use of any Prospectus until the requisite changes to such Prospectus have been made, then the Holders shall suspend use of such Prospectus. The Company will use its best efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable. The Company shall be entitled to exercise its right under this Section 3(j) to suspend the availability of a Registration Statement and Prospectus, for a period not to exceed 60 calendar days (which need not be consecutive days) in any 12-month period.
(k) Otherwise use commercially reasonable efforts to comply with all applicable rules and regulations of the Commission under the Securities Act and the Exchange Act, including, without limitation, Rule 172 under the Securities Act, file any final Prospectus, including any supplement or amendment thereof, with the Commission pursuant to Rule 424 under the Securities Act, promptly inform the Holders in writing if, at least any time during the Effectiveness Period, the Company does not satisfy the conditions specified in Rule 172 and, as a result thereof, the Holders are required to deliver a Prospectus in connection with any disposition of Registrable Securities and take such other actions as may be reasonably necessary to facilitate the registration of the Registrable Securities hereunder.
(2l) Business Days prior Once the Company becomes eligible to register the resale of the Registrable Securities on Form S-3, the Company shall use its best efforts to maintain eligibility for use of Form S-3 (or any sale successor form thereto) for the registration of such the resale of Registrable Securities.
(m) Provide The Company may require each selling Holder to furnish to the Company a CUSIP certified statement as to the number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the shares of Common Stock with certificates for beneficially owned by such Holder and, if required by the Registrable Securities Commission, the natural persons thereof that are in a form eligible for deposit with The Depository Trust Companyhave voting and dispositive control over the shares.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Sources: Registration Rights Agreement (Prairie Operating Co.)
Registration Procedures. In connection with Whenever holders of Registrable Securities have requested that any Registrable Securities be registered pursuant to this Agreement (the registration obligations of the Company under Section 2 hereof"Selling Holders"), the Company shall:
(a) Prepare will use reasonable efforts to effect the registration and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the such Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereofdisposition thereof and, pursuant thereto, the Company will:
(a) use reasonable efforts to prepare and file with the Commission a Registration Statement with respect to such Registrable Securities as soon as practicably thereafter and, in the case of a Demand Registration within 60 days (subject to a postponement pursuant to Section 1.6) of the request for a Demand Registration and use commercially all reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective until the completion of the distribution contemplated thereby; provided, that as provided herein; provided that promptly as practicable before filing any Shelf a Registration Statement or Prospectus or any amendments or supplements thereto with the SECthereto, the Company shall will (i) furnish to the Initial Purchaser and counsel for the Selling Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially (ii) notify each Selling Holder of Registrable Securities covered by such Registration Statement of (x) any request by the Commission to amend such Registration Statement or amend or supplement any Prospectus, or (y) any stop order issued or threatened by the Commission, and take all reasonable efforts actions required to reflect prevent the entry of such stop order or to promptly remove it if entered; and provided further that the Company shall not be required to keep such Registration Statement effective for more than (i) 45 days in each the case of a Piggyback Registration or a Demand Registration with respect to an underwritten offering or (ii) 180 days in the case of a Demand Registration (or such document shorter period which will terminate when so filed with all Registrable Securities covered by such Registration Statement have been sold, but not prior to the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days expiration of the delivery applicable period referred to in Section 4(3) of such copies to the Initial Purchaser Securities Act and such counsel.Rule 174 thereunder, if applicable);
(bi) Prepare prepare and file with the SEC Commission such amendments and post-effective amendments supplements to each Shelf such Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf Registration Statement continuously effective until the expiration of the Effectiveness Period; cause the related Prospectus for as long as such registration is required to be supplemented by any required Prospectus supplement, and as so supplemented to be filed remain effective pursuant to Rule 424 the terms hereof and (or any similar provisions then in forceii) under the Securities Act; and use commercially reasonable efforts to comply with the provisions of the Securities Act applicable to it with respect to the disposition of all securities covered by such Shelf Registration Statement during the Effectiveness Period such period in accordance with the intended methods of disposition by the sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented.
(c) As promptly as practicable give notice to the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) (i) when any Prospectus, Prospectus supplement, Shelf Registration Statement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of any proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r;
Appears in 1 contract
Registration Procedures. In connection with the registration obligations of If and whenever the Company under is required pursuant to Section 2 hereofto effect a registration of Registrable Securities, subject to the Company shallprovisions of Section 2:
(a) Prepare The Company shall prepare and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the covering such Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf to keep such Registration Statement or Prospectus or any amendments or supplements thereto with continuously effective under the SEC, Securities Act not exceeding the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counselEffective Period.
(b) Prepare The Company shall prepare and file with the SEC such amendments and amendments, including post-effective amendments amendments, to each Shelf the Registration Statement as may be necessary to keep such Shelf the Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effective Period and prepare and file with the SEC such additional Registration Statements, if necessary, in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; and shall (i) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 (or any similar provisions then in force) promulgated under the Securities Act; (ii) respond promptly to any comments received from the SEC with respect to the Registration Statement or any amendment thereto and use commercially reasonable efforts promptly provide the Holders true and complete copies of all correspondence from and to the SEC relating to the Registration Statement; and (iii) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As The Company shall promptly as practicable give notice to the Notice Holders, the Initial Purchaser and counsel for notify the Holders and for the Initial Purchaser of Registrable Securities (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf the Registration Statement has been filed with is filed; (B) when the SEC and, notifies the Company whether there will be a “review” of such Registration Statement and whenever the SEC comments in writing on such Registration Statement and (C) with respect to a Shelf the Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC or any other federal Federal or state governmental authority for amendments or supplements to any Shelf the Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf the Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; and (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event of which the nature of Company becomes aware that makes any statement made in the Registration Statement or details concerning) a Material Event and (vi) Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires any revisions to the Registration Statement, Prospectus or other documents so that, in the case of the determination by the Company that a post-effective amendment to a Shelf Registration Statement or the Prospectus, as the case may be, it will not contain any untrue statement of a material fact or omit to state any material fact required to be filed with stated therein or necessary to make the SECstatements therein, which notice may, at in the discretion light of the Company (or as required pursuant to Section 3(i))circumstances under which they were made, state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applynot misleading.
(d) Use commercially The Company shall use its reasonable best efforts to prevent avoid the issuance of, andor, if issued, to obtain the withdrawal of of, (i) any order suspending the effectiveness of a Shelf the Registration Statement or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for saleUnited States jurisdiction, in either case at the earliest possible practicable moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice HolderHolders of a majority of the Registrable Securities, as the Company shall (i) promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf the Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to Company reasonably agrees should be included therein by applicable law and (ii) make any all required filings of such Prospectus supplement or such post-effective amendment; provided that amendment as soon as reasonably practicable after the Company shall not has received notification of the matters to be required to take any actions under this Section 3(e) that, incorporated in the written opinion of counsel for the Company, are not in compliance with applicable lawsuch Prospectus supplement or post-effective amendment.
(f) As promptly as practicable The Company shall furnish to each Notice Holder, counsel for the Holders without charge and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without chargeupon request, at least one (1) conformed copy of the Shelf each Registration Statement and any each amendment thereto, including financial statements but excluding and schedules, and, to the extent requested by such Person, all documents incorporated or deemed to be incorporated therein by reference reference, and all exhibits (unless requested in writing to including those previously furnished or incorporated by reference) promptly after the Company by filing of such Notice Holder, such counsel or documents with the Initial Purchaser)SEC.
(g) During the Effectiveness Period, The Company shall promptly deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Holders in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in the manner set forth thereinthereto.
(h) Prior to any public offering of Registrable Securities, the Registrable Securities pursuant to the Shelf Registration Statement, Company shall use commercially its reasonable best efforts to register or qualify or cooperate with the Notice selling Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky blue sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Effective Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in the manner set forth in the relevant Shelf covered by a Registration Statement and the related ProspectusStatement; provided that provided, however, the Company will not shall in no event be required to (ix) qualify as a foreign corporation or as a dealer in securities to do business in any jurisdiction state where it would is not otherwise be required to qualify but for this Agreement then qualified or (iiy) take any action that would subject it to tax or to the general service of process in suits or to taxation in any such jurisdiction state where it is not then so subject.
(i) Upon The Company shall, in the case of an underwritten offering, furnish, at the request of any Holder requesting registration of Registrable Securities pursuant to Section 2, on the date that such shares of Registrable Securities are delivered to the underwriters for sale pursuant to such registration (A1) the issuance by the SEC of a stop order suspending the effectiveness an opinion, dated such date, of the Shelf Registration Statement or independent counsel representing the initiation Company for the purposes of proceedings with respect such registration, addressed to the Shelf Registration Statement under Section 8(d) or 8(e) underwriters, in customary form and covering matters of the type customarily covered in such legal opinions; and (2) a comfort letter dated such date, from the independent certified public accountants of the Company, addressed to the underwriters, in a customary form and covering matters of the type customarily covered by such comfort letters and as the underwriters shall reasonably request.
(j) The Company shall enter into customary agreements (including an underwriting agreement in customary form) and take such other actions as are reasonably required in order to expedite or facilitate the disposition of such Registrable Securities.
(k) The Company shall cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities Actto be sold pursuant to a Registration Statement, and to enable such Registrable Securities to be in such denominations and registered in such names as any Holder may reasonably request.
(Bl) Upon the occurrence of any event contemplated by Section 3(c)(v), the Company shall promptly prepare a supplement or amendment, including a post-effective amendment, to the existence of any fact as a result of which any Shelf Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither the Registration Statement nor such Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
(m) The Company shall use its reasonable best efforts to cause all Registrable Securities relating to the Registration Statement to be listed on the NASDAQ Stock Market or any other securities exchange, quotation system or market, if any, on which similar securities issued by the Company are then listed or traded as and when required pursuant to the Investment Agreement.
(Cn) The Company may require each selling Holder to furnish to the occurrence or existence Company information regarding such Holder and the distribution of such Registrable Securities as is required by law to be disclosed in the Registration Statement, and the Company may exclude from such registration the Registrable Securities of any pending corporate development that, in such Holder who fails to furnish such information within fifteen (15) days after receiving a written request from the reasonable discretion Company for such information.
(o) Each Holder covenants and agrees that (i) it will not sell any Registrable Securities under the Registration Statement until it has received copies of the Company, makes it appropriate to suspend Prospectus as then amended or supplemented as contemplated in Section 3(g) and notice from the availability of the Shelf Company that such Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a any post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared amendments thereto have become effective as promptly as is practicable, contemplated by Section 3(c) and (ii) give notice it and its officers, directors or Affiliates, if any, will comply with the prospectus delivery requirements of the Securities Act as applicable to them in connection with sales of Registrable Securities pursuant to the Notice Holders and counsel for the Holders and for the Initial Purchaser Registration Statement.
(or, if applicable, separate counsel for the Holdersp) that the availability Each Holder agrees by its acquisition of the Shelf Registration Statement is suspended (a "Suspension Notice") andsuch Registrable Securities that, upon receipt of a notice from the Company of the occurrence of any Suspension Noticeevent of the kind described in Section 3(c)(ii), each Notice 3(c)(iii), 3(c)(iv), 3(c)(v) or 3(q), such Holder agrees not to sell any will forthwith discontinue disposition of such Registrable Securities pursuant to such Shelf under the Registration Statement until such Notice Holder's ’s receipt of the copies of the supplemented or Prospectus and/or amended Prospectus provided for in clause (i) aboveRegistration Statement contemplated by Section 3(l), or until it is advised in writing by the Company that the use of the applicable Prospectus may be usedresumed, and and, in either case, has received copies of any additional or supplemental filings that are incorporated or deemed to be incorporated by reference in such Prospectus. The Prospectus or Registration Statement.
(q) If (i) there is material non-public information regarding the Company will use commercially reasonable efforts which the Board reasonably and in good faith determines not to ensure be in the Company’s best interest to disclose and which the Company is not otherwise required to disclose, or (ii) there is a significant business opportunity (including, but not limited to, the acquisition or disposition of assets (other than in the ordinary course of business) or any merger, consolidation, tender offer or other similar transaction) available to the Company which the Board reasonably determines not to be in the Company’s best interest to disclose, then the Company may postpone or suspend filing or effectiveness of a Registration Statement for a period not to exceed ninety (90) consecutive days, provided that the use of the Prospectus Company may be resumed (xnot postpone or suspend its obligation under this Section 3(q) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or for more than one hundred and twenty (120) days in the aggregate in during any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Sources: Registration Rights Agreement (Revolution Lighting Technologies, Inc.)
Registration Procedures. In connection with the registration obligations of the Company under Section 2 hereof, the Company shall:
(a) Prepare and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale or transfer of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially its reasonable best efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf the Initial Registration Statement or related Prospectus or any amendments or supplements thereto with the SEC, SEC prior to the effectiveness of the Initial Shelf Registration Statement the Company shall shall, furnish to the Initial Purchaser Purchasers and counsel for the Holders and for the Initial Purchaser (orSpecial Counsel of such offering, if applicableany, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially its reasonable best efforts to reflect in each such document when so filed with the SEC such comments as the such counsel Initial Purchasers or the Special Counsel, if any, reasonably shall propose within three five (35) Business Days of the delivery of such copies to the Initial Purchaser Purchasers and such counselthe Special Counsel.
(b) Prepare and file with the SEC such amendments and post-effective amendments to each Shelf Registration Statement as may be necessary to keep such Shelf Registration Statement continuously effective until for the expiration of the Effectiveness Periodapplicable period specified in Section 2(a); cause the related Prospectus to be supplemented by any required Prospectus prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; and use commercially its reasonable best efforts to comply with the provisions of the Securities Act applicable to it with respect to the disposition of all securities covered by such Shelf Registration Statement during the Effectiveness Period in accordance with the intended methods of disposition by the sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented.
(c) As promptly as practicable give notice to the Notice Holders, the Initial Purchaser Purchasers and counsel for the Holders and for the Initial Purchaser (orSpecial Counsel, if applicable, separate counsel for the Holders) (i) when any Prospectus, Prospectus prospectus supplement, Shelf Registration Statement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of any proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i3 (i)), state that it constitutes a Suspension Deferral Notice, in which event the provisions of Section 3(i) shall apply; provided that, following the effectiveness of the Initial Shelf Registration Statement, the Company's obligation to give notice with respect to the foregoing clauses (i) and (vi), except in the case of a notice that constitutes a Deferral Notice, shall be satisfied upon filing of the relevant Prospectus, prospectus supplement, Registration Statement or post- effective amendment on the SEC's ▇▇▇▇▇ filing system.
(d) Use commercially its reasonable best efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt immediate notice to each Notice Holder and the Initial Purchaser Purchasers of the withdrawal of any such order.
(e) If Following the effectiveness of the Initial Shelf Registration Statement, if reasonably requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, Purchasers and the Special Counsel or such Notice Holder or Holders shall on the basis of an opinion of nationally-recognized counsel for the Holders and for the Initial Purchaser (orexperienced in such matters, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) Special Counsel and the Initial PurchaserPurchasers, without charge, upon the effectiveness of the Initial Shelf Registration Statement at least one (1) conformed copy of the Initial Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser)accompanying Prospectus.
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for Holder and the Holders and for the Initial Purchaser (orSpecial Counsel, if applicable, separate counsel for the Holders) and the Initial Purchaserany, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Deferral Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, Holder in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf a Registration Statement, use commercially its reasonable best efforts to register or qualify or cooperate with the Notice Holders and the Special Counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder a majority of the holders of Registrable Securities reasonably requests in writing (writing, which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially its reasonable best efforts to cooperate with the Notice Holders and the Special Counsel to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to register or qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact (a "Material Event") as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material 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, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (for a "Material Event"), discrete period of time:
(i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, practicable prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material 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 (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder)misleading, as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially its reasonable best efforts to cause it to be declared effective as promptly as is practicable, and and
(ii) give notice to the Notice Holders Holders, and counsel for the Holders and for the Initial Purchaser (orSpecial Counsel, if applicableany, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Deferral Notice") and, upon receipt of any Suspension Deferral Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf the Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of the supplemented or amended Prospectus or any additional or supplemental filings that are incorporated or deemed incorporated by reference in such the Prospectus. The Company will use commercially its reasonable best efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable sole judgment of the Company, public disclosure of such Material Event would not be prejudicial to or contrary to the Shelf Registration Statement does not contain any untrue statement interests of a material fact or omits to state any material fact required to be stated therein or the Company or, if necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact avoid unreasonable burden or omits to state any material fact necessary in order to make the statements thereinexpense, in the light of the circumstances under which they were made, not misleading, as soon as practicable thereafter and (z) in the case of clause (C) above, as soon as, as in the reasonable discretion of the Company, such suspension is no longer appropriate. The Company shall be entitled to exercise its right under this Section 3(i) to suspend the availability of the Shelf Registration Statement or any Prospectus, without incurring or accruing any obligation to pay liquidated damages pursuant to Section 2(e), no more than one (1) time in any three month period or three (3) times in any twelve month period, and any such period during which the availability of the Shelf Registration Statement and any Prospectus may be is suspended (the "Suspension Deferral Period") shall, without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) ), not exceed 30 days; provided that the aggregate duration of any Deferral Periods shall not exceed thirty (30) 30 days in the aggregate in any three month period (or one hundred twenty (120) 60 days in any three month period in the aggregate event of a Material Event pursuant to which the Company has delivered a second notice as required below) or 90 days in any twelve (12) month period; provided that in the case of a Material Event relating to an acquisition or a probable acquisition or financing, recapitalization, business combination or other similar transaction, the Company may, without incurring any obligation to pay liquidated damages pursuant to Section 2(e), deliver to Notice Holders a second notice to the effect set forth above, which shall have the effect of extending the Deferral Period by up to an additional 30 days, or such shorter period of time as is specified in such second notice.
(j) Make If requested in writing in connection with a disposition of Registrable Securities pursuant to a Registration Statement, make reasonably available for inspection during normal business hours by representatives a representative for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, and any attorneys or other agents retained by a broker-dealer engaged by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make reasonably available for inspection during normal business hours on reasonable notice all relevant information reasonably requested by such representatives representative for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, provided that such persons shall, at the Company's request, shall first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement)law, (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Companyagreement, and provided further that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5Special Counsel.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any for a 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said be made available no later than 45 days after the end of the 12-month periodsperiod or 90 days if the 12-month period coincides with a fiscal year of the Company.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold or to be sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least one (21) Business Days Day prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with printed certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings rdep
Appears in 1 contract
Registration Procedures. In connection with the registration obligations of the Company under Section any Registrable Securities pursuant to Sections 2 or 3 hereof, the Company shall:
(a) Prepare and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for Issuers shall effect such registrations to permit the sale of the such Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution disposition thereof, and pursuant thereto the Issuers shall:
(a) Use their reasonable best efforts to prepare and file with the SEC a Registration Statement or Registration Statements, as soon as practicable after the date hereof but in any event prior to the applicable date prescribed by Sections 2 or 3, and to use commercially their reasonable best efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that provided, however, that, if (1) such filing is pursuant to Section 3, or (2) a Prospectus contained in an Exchange Registration Statement filed pursuant to Section 2 is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Securities during the Applicable Period, before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SECthereto, the Company Issuers shall upon written request furnish to the Initial Purchaser and counsel for afford the Holders of the Registrable Securities (which in the case of Registrable Securities in the form of global certificates shall be The Depository Trust Company ("DTC")) and for each such Participating Broker-Dealer, as the Initial Purchaser (orcase may be, covered by such Registration Statement, their counsel and the managing underwriters, if applicableany, separate counsel for the Holders) a reasonable opportunity to review copies of all such documents (including copies of any documents to be incorporated by reference therein and all exhibits thereto) proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counselfiled.
(b) Prepare and file with the SEC such amendments and post-effective amendments to each Shelf Registration Statement or Exchange Registration Statement, as the case may be, as may be necessary to keep such Shelf Registration Statement continuously effective until the expiration of for the Effectiveness Period or the Applicable Period, as the case may be; cause the related Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; and use commercially reasonable efforts to comply with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities covered by such Shelf Registration Statement during the Effectiveness Period in accordance with the intended methods of disposition by the sellers thereof set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplementedsupplemented and with respect to the subsequent resale of any securities being sold by a Participating Broker-Dealer covered by any such Prospectus; the Issuers shall not be deemed to have used their reasonable best efforts to keep a Registration Statement effective during the Applicable Period if the Issuers voluntarily take any action that would result in selling Holders of the Registrable Securities covered thereby or Participating Broker-Dealers seeking to sell Exchange Securities not being able to sell such Registrable Securities or such Exchange Securities during that period unless such action is required by applicable law or unless the Issuers comply with this Agreement, including without limitation, the provisions of paragraph 5(k) hereof and the last paragraph of this Section 5.
(c) As promptly If (1) a Shelf Registration is filed pursuant to Section 3, or (2) a Prospectus contained in an Exchange Registration Statement filed pursuant to Section 2 is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Securities during the Applicable Period, notify the selling Holders of Registrable Securities, or each such Par- ticipating Broker-Dealer, as practicable give notice to the Notice Holderscase may be, their counsel and the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (ormanaging underwriters, if applicableany, separate counsel for who have provided the Holders) Issuers with their names and addresses promptly (but in any event within two business days), and confirm such notice in writing, (i) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC filed, and, with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared effectivebecome effective under the Securities Act (including in such notice a written statement that any Holder may, upon request, obtain, without charge, one conformed copy of such Registration Statement or post-effective amendment including financial statements and schedules, documents incorporated or deemed to be incorporated by reference and exhibits), (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf a Registration Statement or of any order preventing or suspending the use of any preliminary prospectus or the initiation or threatening of any proceedings for that purpose, (iviii) of the receipt by the Company Issuers of any notification with respect to the suspension of the qualification or exemption from qualification of a Registration Statement or any of the Registrable Securities or the Exchange Securities to be sold by any Participating Broker-Dealer for offer or sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (viiv) of the happening of any event or any information becoming known that makes any statement made in such Registration Statement or related Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires the making of any changes in such Registration Statement, Prospectus or documents so that, in the case of the Registration Statement, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and that in the case of the Prospectus, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (v) of the Issuers' reasonable determination by the Company that a post-effective amendment to a Shelf Registration Statement will would be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applyappropriate.
(d) Use commercially If (1) a Shelf Registration is filed pursuant to Section 3, or (2) a Prospectus contained in an Exchange Registration Statement filed pursuant to Section 2 is re- quired to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Securities during the Applicable Period, use their reasonable best efforts to prevent oppose the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension order preventing or suspending the use of a Prospectus or suspending the qualification (or exemption from qualification) of any of the Registrable Securities or the Exchange Securities to be sold by any Participating Broker-Dealer, for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case and, if any such order is issued, to use their reasonable best efforts to obtain the withdrawal of any such order at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration is required pursuant to Section 3, before filing any Registration Statement such information as the Initial Purchaser, such Notice Holder or prospectus or any amendment or supplement thereto (including any document that would be incorporated by reference therein) furnish counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine of Registrable Securities covered by such Shelf Registration a reasonable opportunity to review copies of all such documents proposed to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable lawfiled.
(f) As promptly as practicable If (1) a Shelf Registration is filed pursuant to Section 3, or (2) a Prospectus contained in an Exchange Registration Statement filed pursuant to Section 2 is required to be delivered under the Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Securities during the Applicable Period, furnish to each Notice Holder, selling Holder of Registrable Securities and to each such Participating Broker-Dealer who so requests and to counsel for the Holders and for the Initial Purchaser (oreach managing underwriter, if applicable, separate counsel for the Holders) and the Initial Purchaserany, without charge, at least one (1) conformed copy of the Shelf Registration Statement or Statements and any each post-effective amendment thereto, including financial statements but excluding and schedules, and if requested, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser)exhibits.
(g) During If (1) a Shelf Registration is filed pursuant to Section 3, or (2) a Prospectus contained in an Exchange Registration Statement filed pursuant to Section 2 is required to be delivered under the Effectiveness Securities Act by any Participating Broker-Dealer who seeks to sell Exchange Securities during the Applicable Period, deliver to each Notice Holderselling Holder of Registrable Securities, counsel for or each such Participating Broker-Dealer, as the Holders case may be, their counsel, and for the Initial Purchaser (orunderwriters, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statementany, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each form of preliminary prospectus) and any each amendment or supplement thereto and any documents incorporated by reference therein as such Notice Holder and the Initial Purchaser Persons may reasonably request; and and, subject to the Company last paragraph of this Section 5, the Issuers hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) consent to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holderof the selling holders of Registrable Securities or each such Participating Broker-Dealer, as the case may be, and the underwriters or agents, if any, and dealers (if any), in connection with any the offering and sale of the Registrable Securities covered by or the sale by Participating Broker-Dealers of the Exchange Securities pursuant to such Prospectus or and any amendment or supplement thereto in the manner set forth thereinthereto.
(h) Prior to any public offering of the Registrable Securities pursuant or any delivery of a Prospectus contained in the Exchange Registration Statement by any Participating Broker-Dealer who seeks to sell Exchange Securities during the Shelf Registration StatementApplicable Period, to use commercially their reasonable best efforts to register or qualify or qualify, and to cooperate with the Notice selling Holders of Registrable Securities or each such Participating Broker-Dealer, as the case may be, the underwriters, if any, and their respective counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder selling Holder, Participating Broker-Dealer, or the managing underwriters reasonably requests request in writing (which request may writing; provided, however, that where Exchange Securities held by Participating Broker-Dealers or Registrable Securities are offered other than through an underwritten offering, the Issuers agree to cause their counsel to perform Blue Sky investigations and file registrations and qualifications required to be included in the Notice and Questionnairefiled pursuant to this Section 5(h); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with period such Notice Holder's offer and sale of Registrable Securities pursuant Registration Statement is required to such registration or qualification (or exemption therefrom) be kept effective and do any and all other reasonable acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Exchange Securities held by Participating Broker-Dealers or the Registrable Securities in covered by the manner set forth in the relevant Shelf applicable Registration Statement and the related ProspectusStatement; provided provided, however, that the Company will not no Issuer shall be required to (iA) qualify as a foreign corporation or as a dealer in securities generally to do business in any jurisdiction where it would is not otherwise be required to qualify but for this Agreement or then so qualified, (iiB) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subjectsubject or (C) subject itself to taxa- tion in excess of a nominal dollar amount in any such jurisdiction.
(i) Upon (A) the issuance by the SEC of If a stop order suspending the effectiveness of the Shelf Registration Statement or is filed pursuant to Section 3, reasonably cooperate with the initiation selling Holders of proceedings Registrable Securities and the managing underwriters, if any, to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold, which certificates shall not bear any legends with respect to restrictions on transfer pursuant to the Securities Act and shall be in a form eligible for deposit with DTC; and enable such Registrable Securities to be registered in such names as the managing underwriter or underwriters, if any, or Holders may request.
(j) Use their reasonable best efforts to cause the Registrable Securities covered by the Registration Statement to be registered with or approved by such other United States governmental agencies or authorities of the United States as may be necessary to enable the seller or sellers thereof or the underwriters, if any, to consummate the disposition of such Registrable Securities, except as may be required solely as a consequence of the nature of such selling Holder's business, in which case the Issuers will cooperate in all reasonable respects with the filing of such Registration Statement and the granting of such approvals.
(k) If (1) a Shelf Registration is filed pursuant to Section 3, or (2) a Prospectus contained in an Exchange Registration Statement filed pursuant to Section 2 is required to be delivered under Section 8(d) or 8(e) of the Securities ActAct by any Participating Broker-Dealer who seeks to sell Exchange Securities during the Applicable Period, (B) upon the occurrence of any event contemplated by paragraph 5(c)(iv) or 5(c)(v) above, as promptly as practicable prepare and (subject to Section 5(a) and the existence second paragraph of any fact as Section 3(a) above) file with the SEC, solely at the expense of the Issuers, a result of which any Shelf supplement or post-effective amendment to the Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, or file any other required document so that, as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder or to the purchasers of the Exchange Securities to whom such Prospectus will be delivered by a Participating Broker-Dealer, any such Prospectus will not contain any an untrue statement of a material fact or omit to state any material a mate- rial fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder Use their reasonable best efforts to facilitate cause the timely preparation and delivery of certificates representing Registrable Securities sold pursuant covered by a Registration Statement or the Exchange Securities, as the case may be, to be rated with the appropriate rating agencies, if so reasonably requested by the Holders of a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such majority in aggregate principal amount at maturity of Registrable Securities to be in covered by such denominations Registration Statement or the Exchange Securities, as are permitted by the Indenture and registered in such names as such Notice Holder case may request in writing at least (2) Business Days prior to any sale of such Registrable Securitiesbe, or the managing underwriters, if any.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than Prior to the effective date of such Shelf the first Registration Statement and relating to the Registrable Securities, (i) provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust CompanyDTC and (ii) provide a CUSIP number for the Registrable Securities.
(n) Cooperate Use their reasonable best efforts to cause all Registrable Securities covered by such Registration Statement or the Exchange Securities, as the case may be, to be (i) listed on each securities exchange, if any, on which similar securities issued by the Issuers are then listed, or (ii) authorized to be quoted on the National Association of Securities Dealers Automated Quotation System ("NASDAQ") or the National Market System of NASDAQ if similar securities of the Issuers are so authorized.
(o) In connection with an underwritten offering of Registrable Securities pursuant to a Shelf Registration, enter into an underwriting agreement as is customary in underwritten offerings and assist take all such other actions as are reasonably requested by the managing underwriters in any filings rorder to expedite or facilitate the registration or the disposition of such Registrable Securities, and in such connection, (i) make such representations and warranties to the underwriters, with respect to the business of the Issuers and their subsidiaries and the Registration Statement, Prospectus and documents, if any, incorporated or deemed to be incorporated by reference therein, in each case, as are customarily made by issuers to underwriters in underwritten offerings and consistent with past practice of the Issuers and their affiliates, and confirm the same if and when requested; (ii) obtain an opinion of counsel to the Issuers and updates thereof in form and substance reasonably satisfactory to the managing underwriters, addressed to the underwriters covering the matters customarily covered in opinions requested in underwritten offerings and consistent with past practice of the Issuers and their affiliates and such other matters as may be reasonably requested
Appears in 1 contract
Sources: Registration Rights Agreement (Frontiervision Holdings Capital Ii Corp)
Registration Procedures. (a) In connection with the Company’s registration obligations of the Company under Section 2 hereofin this Agreement, the Company shall:
(a) Prepare and file with will, subject to the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or limitations set forth herein, use its reasonable best efforts to effect any other appropriate form under the Securities Act available for such registration so as to permit the sale of the applicable Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereofthereof as expeditiously as reasonably practicable, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that in connection therewith the Company will:
(i) before filing any Shelf a Registration Statement or Prospectus prospectus, or any amendments amendment or supplements thereto with the SECsupplement thereto, the Company shall furnish without charge to the Initial Purchaser holders of Registrable Securities included in such registration, and counsel for the Holders and for the Initial Purchaser (orsuch holders’ legal counsel, if applicable, separate counsel for the Holders) copies of all such documents Registration Statement as proposed to be filed and use commercially reasonable efforts the prospectus included in such Registration Statement (including each preliminary prospectus), each amendment and supplement to reflect in each such document when so filed with the SEC Registration Statement and such comments other documents as the holders of Registrable Securities included in such registration or legal counsel for any such holders may reasonably shall propose within three (3) Business Days request in order to facilitate the disposition of the delivery of Registrable Securities owned by such copies to the Initial Purchaser and such counsel.holders;
(bii) Prepare prepare and file with the SEC such amendments and post-effective amendments or supplements to each Shelf the applicable Registration Statement or prospectus as may be (A) reasonably requested by any participating holder (to the extent such request relates to information relating to such holder), (B) necessary to keep such Shelf Registration Statement continuously registration effective until for the expiration period of time required by this Agreement or (C) reasonably requested by the holders of a majority of any class of the Effectiveness Period; cause participating Registrable Securities;
(iii) notify the related Prospectus to be supplemented by any required Prospectus supplementselling holders of Registrable Securities and the managing underwriter or underwriters, if any, and (if requested) confirm such advice in writing, as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; and use commercially reasonable efforts to comply with the provisions of the Securities Act applicable to it with respect to the disposition of all securities covered by such Shelf Registration Statement during the Effectiveness Period in accordance with the intended methods of disposition soon as reasonably practicable after notice thereof is received by the sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented.
Company (c) As promptly as practicable give notice to the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) (iA) when any Prospectus, Prospectus supplement, Shelf Registration Statement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf applicable Registration Statement or any post-amendment thereto has been filed or becomes effective amendment, and when the same applicable prospectus or any amendment or supplement thereto has been declared effectivefiled, (iiB) of any request, following written comments by the effectiveness of the Initial Shelf Registration Statement under the Securities Act, SEC or any request by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf such Registration Statement or related Prospectus prospectus or for additional information, (iiiC) of the issuance by the SEC or any other federal governmental agency or state governmental authority court of any stop order suspending the effectiveness of any Shelf such Registration Statement or any order preventing or suspending the use of any preliminary or final prospectus or the initiation or threatening threat of any proceedings for that purpose, such purposes and (ivD) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for offering or sale in any jurisdiction or the initiation or threatening threat of any proceeding for such purpose;
(iv) promptly notify each selling holder of Registrable Securities and the managing underwriter or underwriters, if any, when the Company becomes aware of the happening of any event as a result of which the applicable Registration Statement or prospectus (as then in effect) contains any untrue statement of a material fact or omits to state a material fact necessary to make the statements therein (in the case of the prospectus and any preliminary prospectus, in light of the circumstances under which they were made) not misleading or, if for any other reason it shall be necessary to amend or supplement such Registration Statement or prospectus in order to comply with the Securities Act and, in either case as promptly as reasonably practicable thereafter, prepare and file with the SEC an amendment or supplement to such Registration Statement or prospectus which will correct such statement or omission or effect such compliance;
(v) after the effective date of any Shelf Registration Statement filed pursuant make every reasonable effort to this Agreement of the occurrence of (but not the nature of prevent or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, obtain at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain earliest possible moment the withdrawal of any stop order with respect to the applicable Registration Statement or other order suspending the effectiveness of a Shelf Registration Statement or the lifting use of any suspension of the qualification (preliminary or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.final prospectus;
(evi) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus prospectus supplement or post-effective amendment to a Shelf the applicable Registration Statement such information as the Initial Purchaser, such Notice Holder managing underwriter or counsel for the Holders and for the Initial Purchaser (orunderwriters, if applicableany, separate counsel for or the Holders) shall determine to be required to holders of a majority of the Registrable Securities of the class being sold agree should be included therein by applicable law relating to the plan of distribution with respect to such Registrable Securities; and make any all required filings of such Prospectus prospectus supplement or post-effective amendment as soon as reasonably practicable after being notified of the matters to be incorporated in such prospectus supplement or post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.;
(fvii) As promptly as practicable furnish to each Notice Holder, counsel for the Holders selling holder of Registrable Securities and for the Initial Purchaser (oreach managing underwriter, if applicable, separate counsel for the Holders) and the Initial Purchaserany, without charge, at least one (1) as many conformed copy copies as such holder or managing underwriter may reasonably request of the Shelf applicable Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser).Statement;
(gviii) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale selling holder of Registrable Securities pursuant to a Shelf Registration Statementand each managing underwriter, if any, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities applicable prospectus (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser holder or managing underwriter may reasonably request; and request (its being understood that the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto the prospectus by each Notice Holderof the selling holders of Registrable Securities and the underwriter or underwriters, if any, in connection with any the offering and sale of the Registrable Securities covered by the prospectus) and such Prospectus other documents as such selling holder or any amendment or supplement thereto managing underwriter may reasonably request in order to facilitate the manner set forth therein.
(h) Prior to any public offering disposition of the Registrable Securities pursuant by such holder or underwriter;
(ix) on or prior to the Shelf date on which the applicable Registration StatementStatement is declared effective, use commercially its reasonable best efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky “blue sky” laws of such jurisdictions within each state and other jurisdiction of the United States States, as any Notice Holder such selling holder or underwriter, if any, or their respective counsel reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable keep such registration or qualification in effect so as to permit the disposition commencement and continuance of sales and dealings in such jurisdictions for as long as may be necessary to complete the distribution of such the Registrable Securities in covered by the manner set forth in the relevant Shelf Registration Statement and the related ProspectusStatement; provided provided, however, that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities generally to do business in any jurisdiction where it would is not otherwise be required then so qualified or to qualify but for this Agreement or (ii) take any action that which would subject it to taxation or general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.;
(ix) Upon cooperate with the selling holders of Registrable Securities and the managing underwriter, underwriters or agent, if any, to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold and not bearing any restrictive legends;
(Axi) not later than the issuance by the SEC of a stop order suspending the effectiveness effective date of the Shelf applicable Registration Statement, provide a CUSIP number for all Registrable Securities and provide the applicable transfer agent with printed certificates for the Registrable Securities which certificates shall be in a form eligible for deposit with The Depository Trust Company;
(xii) obtain (if requested) for delivery to the holders of each class of Registrable Securities being registered and to the underwriter or underwriters, if any, an opinion or opinions from counsel for the Company dated the effective date of the Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements thereinor, in the light event of an Underwritten Offering, the date of the circumstances closing under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development thatunderwriting agreement, in customary form, scope and substance, at a minimum to the reasonable discretion effect that the Registration Statement has been declared effective and that no stop order is in effect, which counsel and opinions shall be reasonably satisfactory to a majority of the Companyholders of each such class and underwriter or underwriters, makes it appropriate to suspend the availability of the Shelf Registration Statement if any, and the related Prospectus their respective counsel;
(a "Material Event"), (ixiii) in the case of clause (B) or (C) abovean Underwritten Offering, subject obtain for delivery to the next sentence, as promptly as practicable, prepare Company and filethe underwriter or underwriters, if necessary pursuant to applicable lawany, a post-effective amendment to such Shelf Registration Statement or a supplement with copies to the related Prospectus holders of Registrable Securities included in such registration, such cold comfort letter(s) from the Company’s independent registered public accounting firm in customary form and covering such matters of the type customarily covered by cold comfort letters as the managing underwriter or underwriters reasonably request;
(xiv) cooperate with each seller of Registrable Securities and each underwriter or agent, if any, participating in the disposition of such Registrable Securities and their respective counsel in connection with any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact filings required to be stated therein or necessary to make made with the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading NASD;
(it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, xv) use commercially its reasonable best efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements security holders, as soon as reasonably practicable (which need but not be auditedmore than 15 months) after the effective date of the applicable Registration Statement, an earnings statement satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder the rules and regulations promulgated thereunder;
(xvi) cause all Registrable Securities of a class covered by the applicable Registration Statement to be listed on each securities exchange on which any of the Company’s securities of such class are then listed or quoted and on each inter-dealer quotation system on which any of the Company’s securities of such class are then quoted;
(xvii) make available upon reasonable notice at reasonable times and for reasonable periods for inspection by a representative appointed by the holders of a majority of the Registrable Securities of each class covered by the applicable Registration Statement, by any managing underwriter or underwriters participating in any disposition to be effected pursuant to such Registration Statement and by any attorney, accountant or other agent retained by such sellers or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day managing underwriter, all pertinent financial and other records, pertinent corporate documents and properties of the first fiscal quarter Company, and cause all of the Company’s officers, directors and employees and the independent public accountants who have certified its financial statements to make themselves available to discuss the business of the Company commencing after and to supply all information reasonably requested by any such seller, underwriter, attorney, accountant or agent in connection with such Registration Statement as shall be necessary to enable them to exercise their due diligence responsibility (subject to the effective date entry by each party referred to in this clause (xviii) into customary confidentiality agreements in a form reasonably acceptable to the Company); and
(xviii) in the case of a Shelf Registration Statementan Underwritten Offering, which statements shall cover said 12-month periodscause senior executive officers of the Company to participate in customary “road show” presentations that may be reasonably requested by the managing underwriter in any such Underwritten Offering and otherwise to facilitate, cooperate with, and participate in each proposed offering contemplated herein and customary selling efforts related thereto.
(lb) Cooperate with The Company may require each Notice Holder to facilitate the timely preparation and delivery selling holder of certificates representing Registrable Securities sold pursuant as to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, registration is being effected to furnish to the Company such information regarding the distribution of such securities and cause such other information relating to such holder and its ownership of the applicable Registrable Securities as the Company may from time to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale time reasonably request. Each holder of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement agrees to furnish such information to the Company and to cooperate with the Company as necessary to enable the Company to comply with the provisions of this Agreement. The Company shall have the right to exclude any holder that does not later than comply with the effective date of such Shelf Registration Statement and provide preceding sentence from the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Companyapplicable registration.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Sources: Registration Rights Agreement (Ideation Acquisition Corp.)
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than five Trading Days prior to the SEC a Shelf filing of each Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements supplement thereto with the SEC(excluding any document that would be incorporated or deemed incorporated therein by reference), the Company shall shall, (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) each Holder copies of all such documents proposed to be filed filed, which documents (other than those incorporated or deemed to be incorporated by reference) will be subject to the review of such Holders, and use commercially (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel to reflect in each such document when so filed with conduct a reasonable investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery Securities Act. The Company shall not file the Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of a majority of the Registrable Securities shall reasonably and in good faith object, provided, the Company is notified of such objection in writing no later than 5 Trading Days after the Holders have been so furnished copies to the Initial Purchaser and of such counseldocuments.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf a Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf a Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplementsupplement (subject to the terms of this Agreement), and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible, and in any event within 15 Trading Days, to any comments received from the Commission with respect to a Registration Statement or any similar provisions then in force) under amendment thereto and as promptly as reasonably possible provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to a Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf a Registration Statement during the Effectiveness Period applicable period in accordance (subject to the terms of this Agreement) with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As If during the Effectiveness Period, the number of Registrable Securities at any time exceeds 85% of the number of shares of Common Stock then registered in a Registration Statement, then the Company shall file as soon as reasonably practicable but in any case prior to the applicable Filing Date, an additional Registration Statement covering the resale of by the Holders of not less than 200% of the number of such Registrable Securities.
(d) Notify the Holders of Registrable Securities to be sold (which notice shall, pursuant to clauses (ii) through (vi) hereof shall be accompanied by an instruction to suspend the use of the Prospectus until the requisite changes have been made) as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than five Trading Days prior to such filing) and (if requested by any such Person) confirm such notice to in writing no later than one Trading Day following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a “review” of such Registration Statement and whenever the Commission comments in writing on such Registration Statement (the Company shall provide true and complete copies thereof and all written responses thereto to each of the Holders); and (C) with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf a Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of or details concerning) financial statements included in a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (ineligible for inclusion therein or as required pursuant to Section 3(i)), state that it constitutes any statement made in a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing to the Company by such Notice Holder, such counsel any material respect or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with that requires any sale of Registrable Securities pursuant revisions to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holderother documents so that, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC case of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading misleading; and (it being understood vi) the occurrence or existence of any pending corporate development with respect to the Company that the Company believes may rely on information provided be material and that, in the determination of the Company, makes it not in the best interests of the Company to allow continued availability or the Registration Statement or Prospectus.
(e) Promptly deliver to each Holder, without charge, as many copies of the Prospectus or Prospectuses (including each form of prospectus) and each amendment or supplement thereto as such Persons may reasonably request. Subject to the terms of this Agreement, the Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by each Notice Holder of the selling Holders in connection with respect to such Notice Holder), as thereafter delivered to the purchasers offering and sale of the Registrable Securities being sold thereundercovered by such Prospectus and any amendment or supplement thereto.
(f) Use commercially reasonable efforts to register or qualify the resale of such Registrable Securities as required under applicable securities or Blue Sky laws of each State within the United States as any Holder requests in writing, andto keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period; provided, that the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified or subject the case Company to any material tax in any such jurisdiction where it is not then so subject.
(g) Cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request.
(h) Upon the occurrence of any event contemplated this Section 3, as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment amendment, to a Shelf Registration Statement, subject Statement or a supplement to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of related Prospectus or any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are document incorporated or deemed to be incorporated therein by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) abovereference, and file any other required document so that, as promptly as is practicablethereafter delivered, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf neither a Registration Statement does not nor such Prospectus will contain any an untrue statement of a material fact or omits omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. If the Company notifies the Holders in accordance with clauses (ii) through (vi) of Section 3(d) above to suspend the use of the use of any Prospectus until the requisite changes to such Prospectus have been made, or the Company otherwise notifies the Holders of its election to suspend the availability of a Registration Statement and Prospectus pursuant to clause
(zvi) of Section 3(d), then the Holders shall suspend use of such Prospectus. The Company will use its best efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable, except that in the case of suspension of the availability of a Registration Statement and Prospectus pursuant to clause (Cvi) aboveof Section 3(d), the Company shall not be required to take such action until such time as soon as, it shall determine that the continued availability of the Registration Statement and Prospectus is no longer not in the reasonable discretion best interests of the Company, such suspension is no longer appropriate. The period during which Company shall be entitled to exercise its right under this Section 3(h) to suspend the availability of the Shelf a Registration Statement and any Prospectus may be suspended (Prospectus, subject to the "Suspension Period") without the Company incurring any obligation to pay payment of liquidated damages pursuant to Section 2(e) shall 2(b), for a period not to exceed thirty (30) 45 consecutive days or for multiple periods not to exceed 60 days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) 12 month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available Commission.
(j) Use its best efforts to its securityholders earning statements avoid the issuance of, or, if issued, obtain the withdrawal of (which need not be auditedi) satisfying any order suspending the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date effectiveness of a Shelf Registration Statement, which statements shall cover said 12-month periodsor (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, at the earliest practicable moment.
(lk) Cooperate with The Company may require, at any time prior to the third Trading Day prior to the Filing Date, each Notice Holder to facilitate furnish to the timely preparation and delivery Company a statement as to the number of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statementshares of Common Stock beneficially owned by such Holder and, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted if requested by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior Commission, the controlling person thereof, within three Trading days of the Company’s request. During any periods that the Company is unable to any sale meet its obligations hereunder with respect to the registration of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities solely because any Holder fails to furnish such information within three Trading Days of the Company’s request, any liquidated damages that are in a form eligible for deposit with The Depository Trust accruing at such time shall be tolled and any Event of Default that may otherwise occur solely because of such delay shall be suspended, until such information is delivered to the Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Sources: Registration Rights Agreement (Path 1 Network Technologies Inc)
Registration Procedures. In connection with the registration Company's Registration obligations of the Company under Section 2 pursuant to Sections 3 and 4 hereof, the Company shall:
(a) Prepare and file with the SEC a Shelf will use its best efforts to effect such Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for to permit the sale of the such Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and pursuant thereto the Company will as expeditiously as possible:
(a) prepare and file with the SEC a Registration Statement or Registration Statements relating to the applicable Demand Registration or Piggyback Registration including all exhibits and financial statements required by the SEC to be filed therewith, and use commercially reasonable its best efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided hereineffective; provided provided, that before filing any Shelf Registration Statement or Prospectus or the Company will furnish copies of any amendments or supplements thereto in the form filed with respect to any Piggyback Registration, simultaneously with the SEC, the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days of the delivery filing of such copies to the Initial Purchaser and such counsel.amendments or supplements;
(b) Prepare prepare and file with the SEC such amendments and post-effective amendments to each Shelf the Registration Statement as may be necessary to keep such Shelf the Registration Statement continuously effective until for a period of not less than 180 days (or such shorter period which will terminate when all Registrable Securities covered by such Registration Statement have been sold or withdrawn), or, if such Registration Statement relates to an Underwritten Offering, such longer period as in the expiration opinion of counsel for the Effectiveness Periodunderwriters a Prospectus is required by law to be delivered in connection with sales of Registrable Securities by an underwriter or dealer; cause the related Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; and use commercially reasonable efforts to comply with the provisions of the Securities Act applicable to it Act, the Exchange Act, and the rules and regulations promulgated thereunder with respect to the disposition of all securities covered by such Shelf Registration Statement during the Effectiveness Period applicable period in accordance with the intended method or methods of disposition distribution by the sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented.supplement to the Prospectus;
(c) As promptly notify the selling Holders and the managing underwriters, if any, and (if requested) confirm such advice in writing, as soon as practicable give after notice to thereof is received by the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) Company (i) when any Prospectus, Prospectus supplement, Shelf Registration Statement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf Registration Statement or any post-effective amendment, when the same amendment thereto has been declared filed or becomes effective, the Prospectus or any amendment or supplement to the Prospectus has been filed, and, to furnish such selling Holders and managing underwriters with copies thereof, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf the Registration Statement or related the Prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf the Registration Statement or any order preventing or suspending the use of any preliminary Prospectus or Prospectus or the initiation or threatening of any proceedings for that purposesuch purposes, (iv) if at any time the representations and warranties of the Company contemplated by paragraph (m) below cease to be true and correct and (v) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for offering or sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose;
(d) promptly notify the selling Holders and the managing underwriters, (v) if any, at any time prior to nine months after the effective date time of issue of the Prospectus, when the Company becomes aware of the happening of any Shelf event as a result of which the Prospectus included in such Registration Statement filed pursuant (as then in effect) contains any untrue statement of a material fact or omits to this Agreement state a material fact necessary to make the statements therein (in the case of the occurrence of (but not the nature of or details concerning) a Material Event Prospectus and (vi) any preliminary Prospectus, in light of the determination by circumstances under which they were made) when such Prospectus was delivered not misleading or, if for any other reason it shall be necessary during such time period to amend or supplement the Company that a post-effective amendment Prospectus in order to a Shelf Registration Statement will be filed comply with the Securities Act and, in either case as promptly as practicable thereafter, prepare and file with the SEC, and furnish without charge to the selling Holders and the managing underwriters, if any, a supplement or amendment to such Prospectus which notice may, at the discretion of the Company (will correct such statement or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.omission or effect such compliance;
(de) Use commercially make every reasonable efforts to prevent the issuance of, and, if issued, effort to obtain the withdrawal of any stop order or other order suspending the effectiveness of a Shelf Registration Statement or the lifting use of any suspension of the preliminary Prospectus or Prospectus or suspending any qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.Securities;
(ef) If if requested by the Initial Purchaser managing underwriter or any Notice Holderunderwriters or a Holder of Registrable Securities being sold in connection with an Underwritten Offering, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for managing underwriters and the Holders and for of a majority of the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to Registrable Securities being sold agree should be included therein relating to the plan of distribution with respect to such Registrable Securities, including, without limitation, information with respect to the number of Registrable Securities being sold to such underwriters, the purchase price being paid therefor by applicable law such underwriters and with respect to any other terms of the Underwritten (or best efforts underwritten) Offering of the Registrable Securities to be sold in such offering; and make any all required filings of such Prospectus supplement or post-effective amendment as soon as notified of the matters to be incorporated in such Prospectus supplement or post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.;
(fg) As promptly as practicable furnish to each Notice Holder, counsel for the Holders selling Holder and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchasereach managing underwriter, without charge, at least one (1) as many conformed copy copies as they may reasonably request, of the Shelf Registration Statement and any post-effective amendment thereto, including financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company including those incorporated by such Notice Holder, such counsel or the Initial Purchaserreference).;
(gh) During the Effectiveness Period, deliver to each Notice Holder, counsel for selling Holder and the Holders and for the Initial Purchaser (orunderwriters, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statementany, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectusProspectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and request (it being understood that the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such the Prospectus or each any amendment or supplement thereto by each Notice Holderof the selling Holders and the underwriters, if any, in connection with any the offering and sale of the Registrable Securities covered by such the Prospectus or any amendment or supplement thereto thereto) and such other documents as such selling Holder may reasonably request in order to facilitate the manner set forth therein.
(h) Prior to any public offering disposition of the Registrable Securities pursuant by such Holder;
(i) on or prior to the Shelf date on which the Registration StatementStatement is declared effective, use commercially reasonable its best efforts to register or qualify or qualify, and cooperate with the Notice Holders selling Holders, the managing underwriter or agent, if any, and their respective counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky blue sky laws of such jurisdictions within each state and other jurisdiction of the United States as any Notice Holder such seller, underwriter or agent reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable keep such registration or qualification in effect for so long as such Registration Statement remains in effect and so as to permit the disposition in such jurisdictions continuance of such sales and dealings therein for as long as may be necessary to complete the distribution of the Registrable Securities in covered by the manner set forth in the relevant Shelf Registration Statement and the related ProspectusStatement; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities generally to do business in any jurisdiction where it would is not otherwise be required then so qualified or to qualify but for this Agreement or (ii) take any action that which would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.;
(ij) Upon cooperate with the selling Holders and the managing underwriter or agent, if any, to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold and not required to bear any restrictive legends; and enable such Registrable Securities to be in such denominations and registered in such names as the managing underwriters may request at least two business days prior to any sale of Registrable Securities to the underwriters;
(Ak) use its best efforts to cause the issuance Registrable Securities covered by the SEC applicable Registration Statement to be registered with or approved by such other governmental agencies or authorities as may be necessary to enable the seller or sellers thereof or the underwriters, if any, to consummate the disposition of a stop order suspending such Registrable Securities;
(l) not later than the effectiveness effective date of the Shelf Registration Statement applicable Registration, provide a CUSIP number for all Registrable Securities and provide the applicable trustee or transfer agent with printed certificates for the Registrable Securities which are in a form eligible for deposit with The Depository Trust Company;
(m) make such representations and warranties to the Holders of Registrable Securities being registered, and the underwriters or agents, if any, in form, substance and scope as are customarily made by issuers in primary underwritten public offerings;
(n) enter into such customary agreements (including an underwriting agreement) and take all such other actions as the majority of the Holders of any Registrable Securities being sold or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) managing underwriter or 8(e) of the Securities Actagent, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleadingif any, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary reasonably request in order to make expedite or facilitate the statements therein, in Registration and disposition of such Registrable Securities;
(o) obtain for delivery to the light Holders of Registrable Securities being registered and to the circumstances under which they were made, not misleading, underwriter or (C) the occurrence agent an opinion or existence of any pending corporate development that, in the reasonable discretion of opinions from counsel for the Company, makes it appropriate to suspend the availability upon consummation of the Shelf Registration Statement sale of such Registrable Securities to the underwriters (the "Closing Date") in customary form and in form, substance and scope reasonably satisfactory to such Holders, underwriters or agents and their counsel;
(p) obtain for delivery to the Company and the related Prospectus (a "Material Event")underwriter or agent, (i) in the case of clause (B) or (C) above, subject with copies to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable lawHolders, a post-effective amendment to cold comfort letter from the Company's independent public accountants in customary form and covering such Shelf Registration Statement matters of the type customarily covered by cold comfort letters as the managing underwriter or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement Holders of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers majority of the Registrable Securities being sold thereunderreasonably request, and, dated the effective date of the Registration Statement and brought down to the Closing Date;
(q) cooperate with each seller of Registrable Securities and each underwriter or agent participating in the case disposition of such Registrable Securities and their respective counsel in connection with any filings required to be made with the NASD;
(r) make available for inspection by a representative of the Holders of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability majority of the Shelf Registration Statement is suspended (a "Suspension Notice") andRegistrable Securities, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell underwriter participating in any Registrable Securities disposition pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable SecuritiesRegistration, and any broker-dealers, attorneys and accountants attorney or accountant retained by such Notice HoldersHolders or underwriter, all relevant financial and other records and records, pertinent corporate documents and properties of the Company and its subsidiariesCompany, and cause the appropriate Company's officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours supply all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealersrepresentative, attorneys underwriter, attorney or accountants accountant in connection with such disposition, in each case as is customary for similar "due diligence" examinationsRegistration; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company provided that any records, information or documents that is reasonably and in good faith are designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, Persons unless (i) disclosure of such records, information or documents is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.law;
(ks) Comply use its best efforts to comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements securityholders, as soon as reasonably practicable (which need but not be auditedmore than eighteen months) after the effective date of the Registration Statement, an earnings statement satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder the rules and regulations promulgated thereunder;
(or any similar rule promulgated under t) as promptly as practicable after filing with the Securities Act) no later than 45 days after the end SEC of any 12-month period (document which is incorporated by reference into the Registration Statement or 90 days after the end Prospectus, provide copies of any 12-month period such document to counsel for the selling Holders and to the managing underwriters, if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.any;
(lu) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, provide and cause such Registrable Securities to be in such denominations as are permitted by the Indenture maintained a transfer agent and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number registrar for all Registrable Securities covered by each Shelf such Registration Statement from and after a date not later than the effective date of such Shelf Registration Statement; and
(v) use its best efforts to list (if such Registrable Securities are not already listed) all Registrable Securities covered by such Registration Statement and provide on The New York Stock Exchange, the Trustee and American Stock Exchange or the transfer agent for the Common Stock with certificates for the Nasdaq National Market. The Company may require each Holder of Registrable Securities as to which any Registration is being effected to furnish to the Company such information regarding the distribution of such securities and such other information relating to such Holder and its ownership of Registrable Securities as the Company may from time to time reasonably request in writing. Each Holder agrees to furnish such information to the Company and to cooperate with the Company as necessary to enable the Company to comply with the provisions of this Agreement. Each Holder agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section 6(d) hereof, such Holder will forthwith discontinue disposition of Registrable Securities pursuant to such Registration Statement until such Holder's receipt of the copies of the supplemented or amended Prospectus contemplated by Section 6(d) hereof, or until it is advised in writing by the Company that the use of the Prospectus may be resumed, and has received copies of any additional or supplemental filings which are incorporated by reference in a form eligible for deposit with The Depository Trust the Prospectus, and, if so directed by the Company, such Holder will deliver to the Company (at the Company's expense) all copies, other than permanent file copies then in such Holder's possession, of the Prospectus covering such Registrable Securities current at the time of receipt of such notice.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than three Trading Days prior to the SEC a Shelf filing of the Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements thereto with the SECsupplement thereto, the Company shall shall, (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed (including documents incorporated or deemed incorporated by reference to the extent requested by such Person) which documents will be subject to the prompt review of such Holders, and use commercially (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel to reflect in each such document when so filed with conduct a reasonable investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery Securities Act. The Company shall not file the Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of such copies to a majority of the Initial Purchaser and such counselRegistrable Securities shall reasonably object in good faith.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf the Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf the Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible, and in any event within ten Trading Days, to any comments received from the Commission with respect to the Registration Statement or any similar provisions then in force) under amendment thereto and, as promptly as reasonably possible, upon request, provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to the Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As Notify the Holders of Registrable Securities to be sold as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than one Trading Day prior to such filing) and (if requested by any such Person) confirm such notice to in writing promptly following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf the Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a “review” of the Registration Statement and whenever the Commission comments in writing on the Registration Statement (the Company shall upon request provide true and complete copies thereof and all written responses thereto to each of the Holders); and (C) with respect to a Shelf the Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority during the period of effectiveness of the Registration Statement for amendments or supplements to any Shelf the Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC Commission or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf the Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; and (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of or details concerning) a Material Event and (vi) of financial statements included in the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with ineligible for inclusion therein or any statement made in the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing any material respect or that requires any revisions to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without chargeProspectus or other documents so that, as many copies in the case of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading misleading.
(it being understood that d) Use its commercially reasonable efforts to avoid the Company may rely on information provided by each Notice Holder with respect to such Notice Holder)issuance of, as thereafter delivered to or, if issued, obtain the purchasers withdrawal of (i) any order suspending the effectiveness of the Registration Statement, or (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities being sold thereunderfor sale in any jurisdiction, andat the earliest practicable moment.
(e) Furnish to each Holder, without charge, at least one conformed copy of the Registration Statement and each amendment thereto, including financial statements and schedules, all documents incorporated or deemed to be incorporated therein by reference to the extent requested by such Person, and all exhibits to the extent requested by such Person (including those incorporated by reference) promptly after the filing of such documents with the Commission.
(f) Promptly deliver to each Holder, without charge, as many copies of the Prospectus or Prospectuses (including each form of prospectus) and each amendment or supplement thereto as such Persons may reasonably request in connection with resales by the case Holder of Registrable Securities. The Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by each of the selling Holders in connection with the offering and sale of the Registrable Securities covered by such Prospectus and any amendment or supplement thereto, except after the giving on any notice pursuant to Section 3(c).
(g) Prior to any resale of Registrable Securities by a Holder, use its commercially reasonable efforts to register or qualify or cooperate with the selling Holders in connection with the registration or qualification (or exemption from the Registration or qualification) of such Registrable Securities for the resale by the Holder under the securities or Blue Sky laws of such jurisdictions within the United States as any Holder reasonably requests in writing, to keep each the Registration or qualification (or exemption therefrom) effective during the Effectiveness Period and to do any and all other acts or things reasonably necessary to enable the disposition in such jurisdictions of the Registrable Securities covered by the Registration Statement; provided, that the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified, subject the Company to any material tax in any such jurisdiction where it is not then so subject or file a general consent to service of process in any such jurisdiction.
(h) If requested by the Holders, cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to the Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request.
(i) Upon the occurrence of any event contemplated by Section 3(c)(v), as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment to a Shelf Registration Statementamendment, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice Registration Statement or a supplement to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of related Prospectus or any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are document incorporated or deemed to be incorporated therein by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) abovereference, and file any other required document so that, as promptly as is practicablethereafter delivered, (y) in neither the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not nor such Prospectus will contain any an untrue statement of a material fact or omits omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, Comply in all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply material respects with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periodsCommission.
(lk) Cooperate with The Company may require each Notice selling Holder to facilitate furnish to the timely preparation and delivery Company a certified statement as to the number of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statementshares of Common Stock beneficially owned by such Holder and, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted if required by the Indenture Commission, the person thereof that has voting and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securitiesdispositive control over the Shares.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Sources: Registration Rights Agreement (Pro Pharmaceuticals Inc)
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than two Trading Days prior to the SEC a Shelf filing of the Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements supplement thereto with the SEC(other than a supplement which attaches a previously filed Exchange Act Report), the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) Special Counsel copies of all such documents proposed to be filed which documents will be subject to the review of such Holders and use commercially reasonable efforts the Special Counsel. The Company shall not file the Registration Statement or any such Prospectus or any amendments or supplements thereto to reflect in each such document when so filed with which the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days Holders of a majority of the delivery of such copies to Registrable Securities or the Initial Purchaser and such counselSpecial Counsel shall reasonably object in good faith.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf the Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf the Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible, and in any event within twenty (20) days, to any comments received from the Commission with respect to the Registration Statement or any similar provisions then in force) under amendment thereto and, as promptly as reasonably possible provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to the Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As Notify the Holders of Registrable Securities to be sold and the Special Counsel as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than three Trading Days prior to such filing) and (if requested by any such Person) confirm such notice to in writing no later than two Trading Days following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement (other than a supplement which attaches a previously filed Exchange Act Report) or post-effective amendment to a Shelf the Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a "review" of such Registration Statement and whenever the Commission comments in writing on such Registration Statement (the Company shall provide true and complete copies thereof and all written responses thereto to each of the Holders); and (C) with respect to a Shelf the Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority during the period of effectiveness of the Registration Statement for amendments or supplements to any Shelf the Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf the Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; and (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of financial statements included in the Registration Statement ineligible for inclusion therein or details concerning) a Material Event and (vi) any statement made in the Registration Statement or Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires any revisions to the Registration Statement, Prospectus or other documents so that, in the case of the determination by the Company that a post-effective amendment to a Shelf Registration Statement or the Prospectus, as the case may be, it will not contain any untrue statement of a material fact or omit to state any material fact required to be filed with stated therein or necessary to make the SECstatements therein, which notice may, at the discretion in light of the Company (or as required pursuant to Section 3(i))circumstances under which they were made, state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applynot misleading.
(d) Use commercially its reasonable best efforts to prevent avoid the issuance of, andor, if issued, to obtain the withdrawal as promptly as reasonably possible of (i) any order suspending the effectiveness of a Shelf the Registration Statement Statement, or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such orderjurisdiction.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish Furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf each Registration Statement and any each amendment thereto, including financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein by reference reference, and all exhibits (unless requested in writing to the Company extent requested by such Notice Holder, Person (including those previously furnished or incorporated by reference) promptly after the filing of such counsel or documents with the Initial Purchaser)Commission.
(gf) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and the . The Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Holders in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in thereto, except after the manner set forth thereingiving of any notice pursuant to Section 3(c) to discontinue disposition of Registrable Securities pursuant to the Registration Statement.
(hg) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use its commercially reasonable efforts to register or qualify or cooperate with the Notice selling Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such all jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in covered by the manner set forth in the relevant Shelf Registration Statement and the related ProspectusStatement; provided provided, that the Company will shall not be required to (i) qualify as a foreign corporation or as a dealer in securities generally to do business in any jurisdiction where it would is not otherwise be required then so qualified or subject the Company to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation material tax in any such jurisdiction where it is not then so subjectsubject or file a general consent to service of process in any such jurisdiction.
(h) Cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to the Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request in writing a reasonable period of time prior to any sale of Registrable Securities.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event contemplated by Section 3(c)(v), as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment, to the existence of any fact as a result of which any Shelf Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither the Registration Statement nor such Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, Comply in all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply material respects with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periodsCommission.
(lk) Cooperate with The Company may require each Notice selling Holder to facilitate furnish to the timely preparation and delivery of certificates representing Registrable Securities sold pursuant Company a Registration Statement Questionnaire in the form attached to a Shelf Registration Statementthe Purchase Agreement as Appendix 1, which certificates shall not bear any restrictive legends, and cause as such Registrable Securities form may be revised from time to be in such denominations as are permitted time by the Indenture and registered Company to correspond to information required by the Commission. Each Holder shall furnish the information required in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than Questionnaire within five Trading Days of the effective date Company's request. During any periods that the Company is unable to meet its obligations hereunder with respect to the registration of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities solely because any Holder fails to furnish such information within five Trading Days of the Company's request, any liquidated damages that are in a form eligible for deposit with The Depository Trust accruing at such time shall be tolled and any Event Date that may otherwise occur solely because of such delay shall be suspended, until such information is delivered to the Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Registration Procedures. In connection with the registration obligations of the Company with respect to any registration pursuant to this Agreement, the Company shall use its commercially reasonable efforts to effect or cause to be effected the registration of the Registrable Shares under Section 2 hereofthe Securities Act to permit the sale of such Registrable Shares by the Holder or Holders in accordance with the Holder’s or Holders’ intended method or methods of distribution, and the Company shall:
(a) Prepare notify FBR, its counsel, and Selling Holders’ Counsel, in writing, at least ten (10) Business Days prior to filing a Registration Statement, of its intention to file a Registration Statement pursuant to which Registrable Shares are to be registered with the Commission and, at least five (5) Business Days prior to filing, provide a copy of the Registration Statement pursuant to which Registrable Shares are to be registered to FBR and Selling Holders’ Counsel for review and comment; prepare and file with the SEC Commission, as specified in this Agreement, a Shelf Registration Statement or Shelf Statement(s), which Registration Statements on Form S-1 or S-3 or any other appropriate Statement(s) shall (x) comply as to form under in all material respects with the Securities Act available for the sale requirements of the Registrable Securities applicable form and include all financial statements required by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed Commission to be filed therewith and use commercially reasonable efforts (y) be reasonably acceptable to reflect FBR, its counsel and Selling Holders’ Counsel; notify FBR and Selling Holders’ Counsel in each writing, at least five (5) Business Days prior to filing of any amendment or supplement to such document when so filed with the SEC such comments as the such counsel reasonably shall propose within Registration Statement and, at least three (3) Business Days prior to filing, provide a copy of such amendment or supplement to FBR, its counsel and Selling Holders’ Counsel for review and comment; promptly following receipt from the Commission, provide to FBR, its counsel and Selling Holders’ Counsel copies of any comments made by the staff of the delivery Commission relating to such Registration Statement and of the Company’s responses thereto for review and comment; and use its commercially reasonable efforts to cause such Registration Statement to become effective as soon as practicable after filing and to remain effective, subject to Section 6 hereof, until the earlier of (i) such time as all Registrable Shares covered thereby have been sold in accordance with the intended distribution of such copies Registrable Shares, (ii) there are no Registrable Shares outstanding or (iii) the second anniversary of the effective date of such Registration Statement (subject to extension as provided in Section 6(c) hereof); provided, however, that the Initial Purchaser Company shall not be required to cause the IPO Registration Statement to remain effective for any period longer than ninety (90) days following the effective date of the IPO Registration Statement (subject to extension as provided in Section 6(c) hereof); provided, further, that if the Company has an effective Shelf Registration Statement on Form S-1 under the Securities Act and becomes eligible to use Form S-3 or such counsel.other short-form registration statement form under the Securities Act, the Company may, upon thirty (30) Business Days prior written notice to all Holders, register any Registrable Shares registered but not yet distributed under the effective Shelf Registration Statement on such a short-form Shelf Registration Statement and, once the short-form Shelf Registration Statement is declared effective, de-register such shares under the previous Registration Statement or transfer the filing fees from the previous Registration Statement (such transfer pursuant to Rule 429, if applicable) unless any Holder registered under the initial Shelf Registration Statement notifies the Company within fifteen (15) Business Days of receipt of the Company notice that such a registration under a new Registration Statement and de-registration of the initial Shelf Registration Statement would interfere with its distribution of Registrable Shares already in progress;
(b) Prepare subject to Section 5(i) hereof, (i) prepare and file with the SEC Commission such amendments and post-effective amendments to each Shelf such Registration Statement as may be necessary to keep such Shelf Registration Statement continuously effective until for the expiration of the Effectiveness Periodperiod described in Section 5(a) hereof; (ii) cause the related each Prospectus contained therein to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) rule that may be adopted under the Securities Act; and use commercially reasonable efforts to (iii) comply with the provisions of the Securities Act applicable to it with respect to the disposition of all securities covered by such Shelf each Registration Statement during the Effectiveness Period applicable period in accordance with the intended method or methods of disposition distribution by the sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented.selling Holders thereof;
(c) As promptly as practicable give notice furnish to the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (orwithout charge, if applicable, separate counsel for the Holders) (i) when any as many copies of each Prospectus, Prospectus supplementincluding each preliminary Prospectus, Shelf Registration Statement and any amendment or post-effective amendment to a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared effective, (ii) of any supplement thereto and such other documents as such Holder may reasonably request, following in order to facilitate the effectiveness public sale or other disposition of the Initial Shelf Registration Statement under Registrable Shares; the Securities ActCompany consents to the use of such Prospectus, including each preliminary Prospectus, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional informationHolders, (iii) of if any, in connection with the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of any proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any offering and sale of the Registrable Securities for sale in Shares covered by any jurisdiction or the initiation or threatening of any proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.Prospectus;
(d) Use use its commercially reasonable efforts to prevent register or qualify, or obtain exemption from registration or qualification for, all Registrable Shares by the issuance of, and, if issued, to obtain time the withdrawal of any order suspending the effectiveness of a Shelf applicable Registration Statement is declared effective by the Commission under all applicable state securities or the lifting “blue sky” laws of such jurisdictions as FBR or any suspension Holder of the Registrable Shares covered by a Registration Statement shall reasonably request in writing, keep each such registration or qualification (or exemption from qualification) of any of effective during the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any period such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be is required to be included therein by applicable law kept effective pursuant to Section 5(a) and make do any required filings and all other acts and things that may be reasonably necessary or advisable to enable such Holder to consummate the disposition in each such jurisdiction of such Prospectus supplement or Registrable Shares owned by such post-effective amendmentHolder; provided provided, however, that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify generally to do business in any jurisdiction or to register as a foreign corporation broker or as a dealer in securities in any such jurisdiction where it would not otherwise be required to qualify but for this Agreement or Section 5(d) and except as may be required by the Securities Act, (ii) take subject itself to taxation in any action that would subject it such jurisdiction, or (iii) submit to the general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.jurisdiction;
(e) use its commercially reasonable efforts to cause all Registrable Shares covered by such Registration Statement to be registered and approved by such other governmental agencies or authorities as may be necessary to enable the Holders thereof to consummate the disposition of such Registrable Shares;
(i) Upon notify FBR and each Holder promptly and, if requested by FBR or any Holder, confirm such advice in writing (A1) when a Registration Statement has become effective and when any post-effective amendments and supplements thereto become effective, (2) of the issuance by the SEC Commission or any state securities authority of a any stop order suspending the effectiveness of the Shelf a Registration Statement or the initiation of any proceedings with respect for that purpose, (3) of any request by the Commission or any other federal, state or foreign governmental authority for (A) amendments or supplements to the Shelf a Registration Statement under Section 8(dor related Prospectus or (B) or 8(eadditional information and (4) of the Securities Act, (B) the occurrence happening of any event or during the existence of any fact period a Registration Statement is effective as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain contains any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and (which information shall be accompanied by an instruction to suspend the use of the Prospectus does until the requisite changes have been made) and (ii) at the request of any such Holder, promptly to furnish to such Holder a reasonable number of copies of a supplement to or an amendment of such Prospectus as may be necessary so that, as thereafter delivered to the purchaser of such securities, such Prospectus shall not include 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;
(g) use its commercially reasonable efforts to avoid the issuance of, or if issued, to obtain the withdrawal of, any order enjoining or suspending the use or effectiveness of a Registration Statement or suspending the qualification of (or exemption from qualification of) any of the Registrable Shares for sale in any jurisdiction, as promptly as practicable;
(h) except as provided in Section 6, upon the occurrence of any event contemplated by Section 5(f)(i)(4) hereof, use its commercially reasonable efforts to promptly prepare a supplement or post-effective amendment to a Registration Statement or the related Prospectus or any document incorporated therein by reference or file any other required document so that, as thereafter delivered to the purchasers of the Registrable Shares, such Prospectus will not contain any untrue statement of a material fact or omits omit to state any a material 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;
(i) if requested by the representative of the underwriters, if any, or any Holders of Registrable Shares being sold in connection with such offering, (i) promptly incorporate in a Prospectus supplement or post-effective amendment such information as the representative of the underwriters, if any, or such Holders indicate relates to them or that they reasonably request be included therein and (zii) make all required filings of such Prospectus supplement or such post-effective amendment as soon as practicable after the Company has received notification of the matters to be incorporated in such Prospectus supplement or post-effective amendment;
(j) in the case of clause an Underwritten Offering, use its commercially reasonable efforts to furnish to the underwriters a signed counterpart, addressed to the underwriters, of: (Ci) abovean opinion of counsel for the Company, dated the date of each closing under the underwriting agreement, reasonably satisfactory to the underwriters; and (ii) a “comfort” letter, dated the pricing date of such Underwritten Offering and a bring-down of such letter dated the date of each closing under the underwriting agreement, signed by the independent public accountants who have certified the Company’s financial statements included in such Registration Statement, covering substantially the same matters with respect to such Registration Statement (and the Prospectus included therein) and with respect to events subsequent to the date of such financial statements, as soon asare customarily covered in accountants’ letters delivered to underwriters in underwritten public offerings of securities;
(k) enter into customary agreements (including in the case of an Underwritten Offering, an underwriting agreement in customary form) and take all other action in connection therewith reasonably necessary in order to expedite or facilitate the distribution of the Registrable Shares included in such Registration Statement and, in the reasonable discretion case of an Underwritten Offering, make representations and warranties to the underwriters in such form and scope as are customarily made by issuers to underwriters in underwritten offerings and confirm the same to the extent customary if and when requested; provided, this clause (k) shall not require officers or management of the Company, Company to participate in any road show more than once in any given calendar year and provided further that this clause (k) will not require the Company to pay the expenses of any such suspension is no longer appropriate. The period during which the availability road show.
(l) make available for inspection by representatives of the Shelf Holders and the representative of any underwriters participating in any disposition pursuant to a Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period special counsel or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice HoldersHolders or underwriters, all relevant financial and other records and records, pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate respective officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours supply all relevant information reasonably requested upon reasonable notice by such representatives for the Notice Holders, or any such broker-dealersrepresentatives, attorneys the representative of the underwriters, counsel thereto or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinationsthe offer and sale of Registrable Shares pursuant to a Registration Statement; provided, however, that such persons shallrecords, at the Company's request, first agree in writing with documents or information that the Company that any information that is reasonably and determines, in good faith designated by faith, to be confidential and notifies such representatives, representative of the Company in writing as underwriters, counsel thereto or accountants are confidential at the time of delivery of such information shall not be kept confidential disclosed by such persons and shall be used solely for representatives, representative of the purposes of exercising rights under this Agreementunderwriters, counsel thereto or accountants unless (i) the disclosure of such records, documents or information is required by court or administrative order or is necessary to respond avoid or correct a material misstatement or omission in a Registration Statement or Prospectus, provided that the person making the disclosure has first made a request to inquiries of regulatory authoritiesthe Company to correct such material misstatement or omission and the Company has unreasonably refused such request, (ii) disclosure the release of such records, documents or information is required by law (including any disclosure requirements ordered pursuant to federal securities laws a subpoena or other order from a court of competent jurisdiction; provided, that (A) the Company shall have first had the opportunity to seek an appropriate protective order or other appropriate remedy with respect to such subpoena or other court order and such request for relief shall have been denied and (B) if, in connection with the filing absence of any Shelf Registration Statement a protective order or other remedy, the use Company is nonetheless legally compelled to release such records, documents or information or else stand liable for contempt or suffer other censure or penalty, the Company shall disclose only such portion of any Prospectus referred the records, documents or information that the Company is legally required to in this Agreement), disclose; or (iiiii) such records, documents or information becomes have been generally made available to the public other than as a result in violation of a disclosure this clause (m);
(m) use its commercially reasonable efforts (including, without limitation, seeking to cure any deficiencies cited by the exchange or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to market in the Company, ’s listing or inclusion application) to list or include all Registrable Shares on the New York Stock Exchange or the Nasdaq Global Market;
(n) prepare and provided that file in a timely manner all documents and reports required by the foregoing inspection and information gathering shallExchange Act and, to the greatest extent possiblethe Company’s obligation to file such reports pursuant to Section 15(d) of the Exchange Act expires prior to the expiration of the effectiveness period of the Registration Statement as required by Section 5(a) hereof, be coordinated on behalf of all the Notice Holders Company shall register the Registrable Shares under the Exchange Act and shall maintain such registration through the other parties entitled thereto effectiveness period required by the counsel referred to in Section 5.5(a) hereof;
(ko) Comply provide a CUSIP number for all Registrable Shares, not later than the effective date of the Registration Statement;
(p) (i) otherwise use its commercially reasonable efforts to comply with all applicable rules and regulations of the SEC and Commission, (ii) make generally available to its securityholders earning stockholders, as soon as reasonably practicable, earnings statements (which need not be audited) satisfying covering at least 12 months that satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) thereunder, but in no event later than 45 forty-five (45) days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a each fiscal year) commencing on the first day of the first fiscal quarter year of the Company commencing after and (iii) not file any Registration Statement or Prospectus or amendment or supplement to such Registration Statement or Prospectus to which any Holder of Registrable Shares covered by any Registration Statement shall have reasonably objected on the effective date grounds that such Registration Statement or Prospectus or amendment or supplement does not comply in all material respects with the requirements of a Shelf Registration Statement, which statements shall cover said 12-month periods.the Securities Act;
(lq) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, provide and cause such Registrable Securities to be in such denominations as are permitted by the Indenture maintained a registrar and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number transfer agent for all Registrable Securities Shares covered by each Shelf any Registration Statement from and after a date not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.Statement;
(nr) Cooperate and assist in connection with any filings rsale or transfer of
Appears in 1 contract
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than five (5) Trading Days prior to the SEC filing of a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements thereto with the SECsupplement thereto, the Company shall (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed filed, which documents will be subject to the review of such Holders (and use commercially changes (if any) to correct appropriate information about the Holder), and (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel, to reflect in each such document when so filed with conduct a reasonable investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery of Securities Act, provided that such copies investigation shall not delay filing as required herein. The Company shall not file a Registration Statement or any such Prospectus or any amendments or supplements thereto that does not contain the disclosure containing such Holder as a "Selling Stockholder" as provided to the Initial Purchaser and Company by such counselHolder in connection therewith.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf Registration Statement continuously effective until as to the expiration applicable Registrable Securities for its Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible to any comments received from the Commission with respect to each Registration Statement or any similar provisions then amendment thereto and, as promptly as reasonably possible provide the Holders true and complete copies of all correspondence from and to the Commission relating to such Registration Statement that would not result in force) under the Securities Actdisclosure to the Holders of material and non-public information concerning the Company; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the Registration Statements and the disposition of all securities Registrable Securities covered by such Shelf each Registration Statement during the Effectiveness Period in accordance with the intended methods of disposition by the sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplementedStatement.
(c) As If during the Effectiveness Period, the number of Registrable Securities held by Holders having continuing registration rights hereunder at any time exceeds the number of such Holders' Shares of Common Stock then registered in a Registration Statement, then the Company shall file as soon as reasonably practicable, but in any case prior to the applicable Filing Date, an additional Registration Statement covering the resale by the Holders of such additional Shares not already registered.
(d) Notify the Holders of Registrable Securities to be sold (which notice shall, pursuant to clauses (ii) through (v) hereof, shall be accompanied by an instruction to suspend the use of the Prospectus until the requisite changes have been made) as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than three Trading Days prior to such filing) and (if requested by any such Person) confirm such notice to in writing no later than promptly following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a "review" of such Registration Statement and whenever the Commission comments in writing on such Registration Statement (the Company shall provide true and complete copies thereof and all written responses thereto to each of the Holders); and (C) with respect to a Shelf each Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf a Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; and (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but any event or passage of time that makes the financial statements included in a Registration Statement ineligible for inclusion therein or any statement made in such Registration Statement or Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires any revisions to such Registration Statement, Prospectus or other documents so that, in the case of such Registration Statement or the Prospectus, as the case may be, it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the nature of or details concerning) a Material Event and (vi) statements therein, in light of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SECcircumstances under which they were made, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applynot misleading.
(de) Use commercially its reasonable best efforts to prevent avoid the issuance of, andor, if issued, to obtain the withdrawal of (i) any order suspending the effectiveness of a Shelf Registration Statement Statement, or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case at the earliest possible practicable moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish Furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf each Registration Statement and any each amendment thereto, including all financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein herein by reference (to the extent requested by such Holder), and all exhibits (unless requested in writing to the Company extent requested by such Notice Holder, Person (including those previously furnished) promptly after the filing of such counsel or documents with the Initial Purchaser)Commission.
(g) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the each Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and the . The Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Holders in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in the manner set forth thereinthereto.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementby a Holder, use commercially reasonable efforts to register or qualify or cooperate with the Notice selling Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such all jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in covered by the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subjectStatements.
(i) Upon (A) Cooperate with the issuance Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to the Registration Statements, which certificates shall be free, to the extent permitted by the SEC Purchase Agreement, of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect all restrictive legends, and to the Shelf Registration Statement under Section 8(denable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request.
(j) or 8(e) of the Securities Act, (B) Upon the occurrence of any event contemplated by Sections 3(d)(ii) through (v), as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment, to the existence of affected Registration Statements or a supplement to the related Prospectus or any fact document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither a result of which any Shelf Registration Statement shall nor such Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood and that the event that resulted in the suspension of such Prospectus is otherwise cured. If the Company may rely on information provided by each Notice Holder notifies the Holders in accordance with respect Sections 3(d)(ii) through (v) to suspend the use of any Prospectus until the changes to such Notice Holder)requisite Prospectus have been made, as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for then the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability shall suspend use of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period Company agrees and acknowledges that any periods during which the availability Holders are required to discontinue the disposition of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information Securities hereunder shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available subject to the public other than as a result provisions of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 52(c).
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periodsCommission.
(l) Cooperate with The Company may require, at any time prior to the 5th Trading Day prior to the Filing Date, each Notice Holder to facilitate furnish to the timely preparation and delivery of certificates representing Company a completed questionnaire in a standard form customary in similar transactions (a "SELLING HOLDER QUESTIONNAIRE"). The Company shall not be required to include the Registrable Securities sold pursuant to of a Shelf Holder in a Registration Statement, which certificates Statement and shall not bear be required to pay any restrictive legends, and cause liquidated or other damages under Section 2(c) hereof to such Registrable Securities Holder who fails to be in such denominations as are permitted by furnish to the Indenture and registered in such names as such Notice Company a fully completed Selling Holder may request in writing Questionnaire at least three (23) Business Trading Days prior to any sale of such Registrable Securitiesthe Filing Date (subject to the requirements set forth in Section 3(a)).
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Sources: Registration Rights Agreement (Hollywood Media Corp)
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than five Trading Days prior to the SEC a Shelf filing of the Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements thereto with the SECsupplement thereto, the Company shall shall, (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) their Special Counsel copies of all such documents proposed to be filed (including documents incorporated or deemed incorporated by reference) which documents will be subject to the review of such Holders and use commercially their Special Counsel, and (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel to reflect in each such document when so filed with conduct a reasonable investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery Securities Act. The Company shall not file the Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of such copies to a majority of the Initial Purchaser Registrable Securities and such counseltheir Special Counsel shall reasonably object in good faith.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf the Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf the Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible, to any comments received from the Commission with respect to the Registration Statement or any similar provisions then in force) under amendment thereto and, as promptly as reasonably possible provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to the Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period applicable period in accordance with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf the Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As Notify the Holders of Registrable Securities to be sold and their Special Counsel as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than two Trading Days prior to such filing) and (if requested by any such Person) confirm such notice to in writing no later than one Trading Day following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf the Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a "review" of such Registration Statement and whenever the Commission comments in writing on the Registration Statement (the Company shall provide true and complete copies thereof and all written responses thereto to Special Counsel); and (C) with respect to a Shelf the Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf the Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf the Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; and (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of financial statements included in the Registration Statement ineligible for inclusion therein or details concerning) a Material Event and (vi) any statement made in the Registration Statement or Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any material respect or that requires any amendment or supplement to the Registration Statement, Prospectus or other documents so that, in the case of the determination by the Company that a post-effective amendment to a Shelf Registration Statement or the Prospectus, as the case may be, it will not contain any untrue statement of a material fact or omit to state any material fact required to be filed with stated therein or necessary to make the SECstatements therein, which notice may, at the discretion in light of the Company (or as required pursuant to Section 3(i))circumstances under which they were made, state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applynot misleading.
(d) Use commercially reasonable its best efforts to prevent avoid the issuance of, andor, if issued, to obtain the withdrawal of (i) any order suspending the effectiveness of a Shelf the Registration Statement Statement, or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for salejurisdiction, in either case at the earliest possible practicable moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish Furnish to each Notice Holder, counsel for the Holders Holder and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchasertheir Special Counsel, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any each amendment thereto, including financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested in writing to the Company extent requested by such Notice Holder, Person (including those previously furnished or incorporated by reference) promptly after the filing of such counsel or documents with the Initial Purchaser)Commission.
(gf) During the Effectiveness Period, Promptly deliver to each Notice Holder, counsel for the Holders Holder and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statementtheir Special Counsel, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and the . The Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Holders in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in the manner set forth thereinthereto.
(hg) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use commercially reasonable its best efforts to register or qualify or cooperate with the Notice selling Holders and their Special Counsel in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in covered by the manner set forth in the relevant Shelf Registration Statement and the related ProspectusStatement; provided PROVIDED, that the Company will shall not be required to (i) qualify as a foreign corporation or as a dealer in securities generally to do business in any jurisdiction where it would is not otherwise be required then so qualified or subject the Company to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation material tax in any such jurisdiction where it is not then so subject.
(ih) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event contemplated by Section 3(c)(v), as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment, to the existence of any fact as a result of which any Shelf Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither the Registration Statement nor such Prospectus will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available Commission, the failure to its securityholders earning statements (comply with which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is would have a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periodsMaterial Adverse Effect.
(lj) Cooperate with The Company may require each Notice selling Holder to facilitate furnish to the timely preparation and delivery Company a certified statement as to the number of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statementshares of Common Stock beneficially owned by such Holder, which certificates shall not bear whether now or during the last three years the Holder has held or holds any restrictive legendsposition, office or has other material relationship with the Company or any of its affiliates, and cause such Registrable Securities to be in such denominations as are permitted if requested by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale Commission, the controlling person of such Registrable SecuritiesHolder.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Sources: Registration Rights Agreement (American Science & Engineering Inc)
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
a. Not less than five (a5) Prepare and file with Trading Days prior to the SEC filing of a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements thereto with the SECsupplement thereto, the Company shall shall, (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) owning Registrable Securities registered under such Registration Statement copies of all such documents proposed to be filed (including documents incorporated or deemed incorporated by reference to the extent requested by such Person) which documents will be subject to the review of such Holders, and use commercially (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel to reflect in each such document when so filed with conduct a reasonable investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery Securities Act. The Company shall not file any such Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of a majority of the Registrable Securities registered thereunder shall reasonably object in good faith, provided that the Company is notified of such objection in writing no later than five (5) Trading Days after such Holders have been so furnished copies to the Initial Purchaser and of such counseldocuments.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf a Registration Statement and a Prospectus used in connection therewith as may be necessary to keep such Shelf Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the applicable Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible to any comments received from the Commission with respect to such Registration Statement or any similar provisions then in force) under amendment thereto and, as promptly as reasonably possible, upon request, provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to such Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects during the applicable Effectiveness Period with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf Registration Statement during the Effectiveness Period applicable period in accordance with the Holders' intended methods of disposition by the sellers thereof set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As c. Notify the Holders of Registrable Securities to be sold as promptly as practicable give notice to the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser reasonably possible (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a "review" of a Registration Statement and whenever the Commission comments in writing on a Registration Statement (the Company shall upon request provide true and complete copies thereof and all written responses thereto to each of the Holders); and (C) with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority during the period of effectiveness of a Registration Statement for amendments or supplements to any Shelf such Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC Commission or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of such Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; and (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event of which the nature Company has knowledge as a result of which a Prospectus, as then in effect, contains any untrue statement of a material fact or details concerning) omits to state a Material Event and (vi) material fact required to be stated therein or necessary to make the statements therein, in light of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SECcircumstances under which they were made, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall applynot misleading.
(d) d. Use commercially reasonable efforts to prevent avoid the issuance of, andor, if issued, to obtain the withdrawal of (i) any order suspending the effectiveness of a Shelf Registration Statement Statement, or the lifting of (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holderjurisdiction, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable lawreasonably practicable.
(f) As promptly as practicable furnish e. Furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf each Registration Statement registering Registrable Securities held by such Holder and any each amendment thereto, including financial statements but excluding and schedules, all documents incorporated or deemed to be incorporated therein by reference to the extent requested in writing by such Person, and all exhibits (unless to the extent requested by such Person in writing to (including those previously furnished or incorporated by reference) promptly after the Company by filing of such Notice Holder, such counsel or documents with the Initial Purchaser)Commission.
(g) During the Effectiveness Period, f. Promptly deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary form of prospectus) and any each amendment or supplement thereto as such Notice Holder and the Initial Purchaser Persons may reasonably request; and request in connection with resales by the Holder of Registrable Securities. Subject to the terms of this Agreement, the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Holders in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in thereto, except after the manner set forth thereingiving of any notice pursuant to Section 3(c).
(h) g. Prior to any public offering resale of the Registrable Securities pursuant to the Shelf Registration Statementby a Holder, use its commercially reasonable efforts to register or qualify or cooperate with the Notice selling Holders in connection with the registration or qualification (or exemption from such registration the Registration or qualification) of such Registrable Securities for offer and sale the resale by the Holder under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statementwriting, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in covered by the manner set forth in the relevant Shelf applicable Registration Statement and the related ProspectusStatement; provided provided, that the Company will shall not be required to (i) qualify as a foreign corporation or as a dealer in securities generally to do business in any jurisdiction where it would is not otherwise be required then so qualified, subject the Company to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation material tax in any such jurisdiction where it is not then so subjectsubject or file a general consent to service of process in any such jurisdiction.
(i) Upon (A) the issuance h. If requested in writing by the SEC Holders, cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect transferee pursuant to the Shelf applicable Registration Statement under Section 8(d) or 8(e) Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of the all restrictive legends, and to enable such Registrable Securities Act, (B) to be in such denominations and registered in such names as any such Holders may request.
i. Upon the occurrence of any event contemplated by Section 3(c)(v), as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective amendment, to the existence of any fact as a result of which any Shelf applicable Registration Statement shall or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither such Registration Statement nor the Prospectus included therein will contain any an untrue statement of a material fact or omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or . If the Company notifies the Holders in accordance with clauses (Cii) the occurrence or existence through (v) of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate Section 3(c) above to suspend the availability use of any Prospectus until the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment requisite changes to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were have been made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for then the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability shall suspend use of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use its commercially reasonable efforts to ensure that the use of the a Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which Company shall be entitled to exercise its right under this Section 3(i) to suspend the availability of the Shelf a Registration Statement and any Prospectus may be suspended (the "Suspension Period") without applicable Prospectus, subject to the Company incurring any obligation to pay payment of liquidated damages pursuant to Section 2(e2(b), for a period not to exceed sixty (60) shall Trading Days (which need not exceed thirty (30be consecutive days) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, j. Comply in all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply material respects with all applicable rules and regulations of the SEC and make generally available Commission.
k. The Company may require each Holder, upon three (3) Trading Days' notice, to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of furnish to the Company commencing after a certified statement as to, among other things, the effective date number of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice shares of Common Stock beneficially owned by such Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities person that are in a form eligible for deposit with The Depository Trust Companyhas voting and dispositive control over such Shares.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Registration Procedures. In connection with the Company's registration obligations of the Company under Section 2 hereofhereunder, the Company shall:
(a) Prepare and file with Not less than five Trading Days prior to the SEC a Shelf filing of each Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements supplement thereto with the SEC(including any document that would be incorporated or deemed to be incorporated therein by reference), the Company shall shall, (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) each Holder copies of all such documents proposed to be filed filed, which documents (other than those incorporated or deemed to be incorporated by reference) will be subject to the review of such Holders, and use commercially (ii) cause its officers and directors, counsel and independent certified public accountants to respond to such inquiries as shall be necessary, in the reasonable efforts opinion of respective counsel to reflect in each such document when so filed with conduct a reasonable investigation within the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days meaning of the delivery Securities Act. The Company shall not file the Registration Statement or any such Prospectus or any amendments or supplements thereto to which the Holders of a majority of the Registrable Securities shall reasonably and in good faith object, provided, the Company is notified of such objection in writing no later than 3 Trading Days after the Holders have been so furnished copies to the Initial Purchaser and of such counseldocuments.
(bi) Prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, to each Shelf a Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf a Registration Statement continuously effective until as to the expiration applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplementsupplement (subject to the terms of this Agreement), and as so supplemented or amended to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible to any comments received from the Commission with respect to a Registration Statement or any similar provisions then in force) under amendment thereto and as promptly as reasonably possible provide the Securities ActHolders true and complete copies of all correspondence from and to the Commission relating to a Registration Statement; and use commercially reasonable efforts to (iv) comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf a Registration Statement during the Effectiveness Period applicable period in accordance (subject to the terms of this Agreement) with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As If during the Effectiveness Period, the number of Registrable Securities at any time exceeds 85% of the number of shares of Common Stock then registered in a Registration Statement, then the Company shall file as soon as reasonably practicable but in any case prior to the applicable Filing Date, an additional Registration Statement covering the resale by the Holders of not less than 150% of the number of such Registrable Securities.
(d) Notify the Holders of Registrable Securities to be sold (which notice shall, pursuant to clauses (ii) through (vi) hereof, be accompanied by an instruction to suspend the use of the Prospectus until the requisite changes have been made) as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than five Trading Days prior to such filing) and (if requested by any such Person) confirm such notice to in writing no later than one Trading Day following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been filed with is proposed to be filed; (B) when the SEC and, Commission notifies the Company whether there will be a "review" of such Registration Statement and whenever the Commission comments in writing on such Registration Statement (the Company shall provide true and complete copies thereof and all written responses thereto to each of the Holders); and (C) with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, ; (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal Federal or state governmental authority for amendments or supplements to any Shelf a Registration Statement or related Prospectus or for additional information, ; (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, ; (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of or details concerning) financial statements included in a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (ineligible for inclusion therein or as required pursuant to Section 3(i)), state that it constitutes any statement made in a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing to the Company by such Notice Holder, such counsel any material respect or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with that requires any sale of Registrable Securities pursuant revisions to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holderother documents so that, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC case of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading misleading; and (it being understood vi) the occurrence or existence of any pending corporate development with respect to the Company that the Company believes may rely on be material and that, in the determination of the Company, makes it not in the best interest of the Company to allow continued availability of the Registration Statement or Prospectus; provided that any and all of such information provided shall remain confidential to each Holder until such information otherwise becomes public, unless disclosure by a Holder is required by law; provided, further, notwithstanding each Holder's agreement to keep such information confidential, the Holders make no acknowledgement that any such information is material, non-public information.
(e) Promptly deliver to each Holder, without charge, as many copies of the Prospectus or Prospectuses (including each form of prospectus) and each amendment or supplement thereto as such Persons may reasonably request. Subject to the terms of this Agreement, the Company hereby consents to the use of such Prospectus and each amendment or supplement thereto by each Notice Holder of the selling Holders in connection with respect to such Notice Holder), as thereafter delivered to the purchasers offering and sale of the Registrable Securities being sold thereundercovered by such Prospectus and any amendment or supplement thereto.
(f) Use commercially reasonable efforts to register or qualify the resale of such Registrable Securities as required under applicable securities or Blue Sky laws of each State within the United States as any Holder requests in writing, andto keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period; provided, that the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified or subject the case Company to any material tax in any such jurisdiction where it is not then so subject.
(g) Cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free, to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be in such denominations and registered in such names as any such Holders may request.
(h) Upon the occurrence of any event contemplated by this Section 3, as promptly as reasonably possible under the circumstances taking into account the Company's good faith assessment of any adverse consequences to the Company and its stockholders of the premature disclosure of such event, prepare a supplement or amendment, including a post-effective amendment amendment, to a Shelf Registration Statement, subject Statement or a supplement to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of related Prospectus or any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are document incorporated or deemed to be incorporated therein by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) abovereference, and file any other required document so that, as promptly as is practicablethereafter delivered, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf neither a Registration Statement does not nor such Prospectus will contain any an untrue statement of a material fact or omits omit to state any a material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and . If the Company notifies the Holders in accordance with clauses (zii) in through (v) of Section 3(d) above to suspend the case of clause (C) above, as soon as, in the reasonable discretion use of the Companyuse of any Prospectus until the requisite changes to such Prospectus have been made, then the Holders shall suspend use of such suspension is no longer appropriateProspectus. The period during which Company will use its best efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable. The Company shall be entitled to exercise its right under this Section 3(h) to suspend the availability of the Shelf a Registration Statement and any Prospectus may be suspended (Prospectus, subject to the "Suspension Period") without the Company incurring any obligation to pay payment of liquidated damages pursuant to Section 2(e2(b), for a period not to exceed 60 days (which need not be consecutive days) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) 12 month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available Commission.
(j) Use its best efforts to its securityholders earning statements avoid the issuance of, or, if issued, obtain the withdrawal of (which need not be auditedi) satisfying any order suspending the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date effectiveness of a Shelf Registration Statement, which statements shall cover said 12-month periodsor (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, at the earliest practicable moment.
(lk) Cooperate with The Company may require, at any time prior to the third Trading Day prior to the Filing Date, each Notice Holder to facilitate furnish to the timely preparation and delivery Company a statement as to the number of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statementshares of Common Stock beneficially owned by such Holder and, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted if requested by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior Commission, the controlling person thereof, within three Trading days of the Company's request. During any periods that the Company is unable to any sale meet its obligations hereunder with respect to the registration of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities solely because any Holder fails to furnish such information within three Trading Days of the Company's request, any liquidated damages that are in a form eligible for deposit with The Depository Trust accruing as to such Holder at such time shall be tolled and any Event that may otherwise occur as to such Holder solely because of such delay shall be suspended, until such information is delivered to the Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Registration Procedures. In connection with the Company’s registration obligations of the Company under Section 2 hereof, the Company shallthis Agreement:
(a) Prepare Each Holder agrees to furnish to the Company a completed questionnaire in the form attached to this Agreement as Annex B (a “Selling Stockholder Questionnaire”) on a date that is not less than two (2) trading days prior to the Filing Date or by the end of the fourth (4th) trading day following the date on which such Holder receives a request for Annex B from the Company.
(i) The Company shall prepare and file with the SEC a Shelf Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereofCommission such amendments, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counsel.
(b) Prepare and file with the SEC such amendments and including post-effective amendments amendments, to each Shelf a Registration Statement and the Prospectus used in connection therewith as may be necessary to keep such Shelf a Registration Statement continuously effective until (subject to any requirement that a post-effective amendment be declared effective by the expiration Commission) as to the applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration Statements in order to register for resale under the Securities Act all of the Effectiveness PeriodRegistrable Securities subject to any SEC Guidance that sets forth a limitation on the number of Registrable Securities permitted to be registered on a particular Registration Statement; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplementsupplement (subject to the terms of this Agreement), and and, as so supplemented or amended, to be filed pursuant to Rule 424 424; (iii) respond as promptly as reasonably possible to any comments received from the Commission with respect to a Registration Statement or any similar provisions then in force) under the Securities Actamendment; and use commercially reasonable efforts to (iv) comply in all material respects with the applicable provisions of the Securities Act applicable to it and the Exchange Act with respect to the disposition of all securities Registrable Securities covered by such Shelf a Registration Statement during the Effectiveness Period applicable period in accordance (subject to the terms of this Agreement) with the intended methods of disposition by the sellers Holders thereof set forth in such Shelf Registration Statement as so amended or in such Prospectus as so supplemented.
(c) As If during the Effectiveness Period, the number of Registrable Securities at any time exceeds 100% of the number of shares of Common Stock then registered in a Registration Statement, then the Company shall as soon as reasonably practicable file, but in any case prior to the applicable Filing Date, an additional Registration Statement covering the resale by the Holders of not less than the number of such Registrable Securities.
(d) The Company shall notify the Holders of Registrable Securities to be sold (which notice shall, pursuant to clauses (iii) through (vi) hereof, be accompanied by an instruction to suspend the use of the Prospectus until the requisite changes have been made) as promptly as practicable give reasonably possible (and, in the case of (i)(A) below, not less than one (1) trading day prior to such filing) and (if requested by any such Person) confirm such notice to in writing no later than one (1) trading day following the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser day (or, if applicable, separate counsel for the Holders) (ii)(A) when a Prospectus or any Prospectus, Prospectus supplement, Shelf Registration Statement supplement or post-effective amendment to a Shelf Registration Statement has been is proposed to be filed with (but not including (i) any Exchange Act filing or (ii) any supplement or post-effective amendment to a registration statement that is not related to such Holder’s Registrable Securities), (B) when the SEC andCommission notifies the Company whether there will be a “review” of such Registration Statement and whenever the Commission comments in writing on such Registration Statement, and (C) with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared become effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, request by the SEC Commission or any other federal or state governmental authority for amendments or supplements to any Shelf a Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC Commission or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf a Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not any event or passage of time that makes the nature of or details concerning) financial statements included in a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (ineligible for inclusion therein or as required pursuant to Section 3(i)), state that it constitutes any statement made in a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser Prospectus or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents document incorporated or deemed to be incorporated therein by reference and all exhibits (unless requested untrue in writing to the Company by such Notice Holder, such counsel any material respect or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with that requires any sale of Registrable Securities pursuant revisions to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holderother documents so that, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC case of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities ActProspectus, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) abovemay be, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (zvi) in of the case occurrence or existence of clause (C) above, as soon asany pending corporate development with respect to the Company that the Company believes may be material and that, in the reasonable discretion determination of the Company, such suspension is no longer appropriate. The period during which makes it not in the best interest of the Company to allow continued availability of a Registration Statement or Prospectus; provided, that in no event shall any such notice contain any information which would constitute material, non-public information regarding the Shelf Company or any of its Subsidiaries.
(e) The Company shall use its reasonable best efforts to avoid the issuance of, or, if issued, obtain the withdrawal of (i) any order stopping or suspending the effectiveness of a Registration Statement, or (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction, at the earliest practicable moment.
(f) The Company shall furnish to each Holder, without charge, at least one conformed copy of each such Registration Statement and each amendment thereto, including financial statements and schedules, all documents incorporated or deemed to be incorporated therein by reference to the extent requested by such Person, and all exhibits to the extent requested by such Person (including those previously furnished or incorporated by reference) promptly after the filing of such documents with the Commission; provided, that any Prospectus may such item which is available on the ED▇▇▇ ▇ystem (or successor thereto) need not be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days furnished in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month periodphysical form.
(jg) Make available for inspection during normal business hours by representatives for Subject to the Notice Holders terms of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure the Company hereby consents to the use of such information is required Prospectus and each amendment or supplement thereto by court or administrative order or is necessary to respond to inquiries each of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws the selling Holders in connection with the filing offering and sale of the Registrable Securities covered by such Prospectus and any amendment or supplement thereto, except after the giving of any Shelf Registration Statement or the use of any Prospectus referred notice pursuant to in this AgreementSection 3(d), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(kh) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is If requested by a fiscal year) commencing on the first day of the first fiscal quarter of Holder, the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate cooperate with each Notice such Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold to be delivered to a transferee pursuant to a Shelf Registration Statement, which certificates shall not bear any be free, to the extent permitted by the Share Purchase Agreement, of all restrictive legends, and cause to enable such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as any such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securitiesrequest.
(mi) Provide Upon the occurrence of any event contemplated by Section 3(d), as promptly as reasonably possible under the circumstances taking into account the Company’s good faith assessment of any adverse consequences to the Company and its stockholders of the premature disclosure of such event, the Company shall prepare a CUSIP number for all Registrable Securities covered by each Shelf supplement or amendment, including a post-effective amendment, to a Registration Statement or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither a Registration Statement nor such Prospectus will 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, in light of the circumstances under which they were made, not later than misleading. If the effective date Company notifies the Holders in accordance with clauses (iii) through (vi) of Section 3(d) above to suspend the use of any Prospectus until the requisite changes to such Prospectus have been made, then the Holders shall suspend use of such Shelf Prospectus. The Company will use its reasonable best efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable. The Company shall be entitled to exercise its right under this Section 3(k) to suspend the availability of a Registration Statement and provide the Trustee and the transfer agent Prospectus for the Common Stock with certificates for the Registrable Securities that are a period not to exceed 90 calendar days (which need not be consecutive days) in a form eligible for deposit with The Depository Trust Companyany 12-month period.
(nj) Cooperate The Company shall comply with all applicable rules and assist regulations of the Commission in connection with obtaining and maintaining the effectiveness of any filings rRegistration Statement required to be filed and maintained with the Commission under this Agreement.
(k) The Company may require each selling Holder to furnish to the Company a certified statement as to the number of shares of Common Stock beneficially owned by such Holder and, if required by the Commission, the natural persons thereof that have voting and dispositive control over the shares
Appears in 1 contract
Registration Procedures. In connection with the registration obligations of the Company under Section 2 hereof, the Company shall:
(a) Prepare and file with The Company shall notify Holder of the SEC effectiveness of a Shelf Registration Statement or Shelf and shall furnish to Holder such number of copies of the Registration Statements on Form S-1 or S-3 or Statement (including any amendments, supplements and exhibits), the prospectus contained therein (including each preliminary prospectus), any documents incorporated by reference in the Registration Statement and such other appropriate form under the Securities Act available for the documents as Holder may reasonably request in order to facilitate its sale of the Registrable Securities by Common Shares in the Holders thereof manner described in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or Prospectus or any amendments or supplements thereto with the SEC, the Company shall furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed and use commercially reasonable efforts to reflect in each such document when so filed with the SEC such comments as the such counsel reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counselStatement.
(b) Prepare The Company shall prepare and file with the SEC Securities and Exchange Commission (the "SEC") from time to time such amendments and post-effective amendments supplements to each Shelf the Registration Statement and prospectus used in connection therewith as may be necessary to keep such Shelf the Registration Statement continuously effective until the expiration of the Effectiveness Period; cause the related Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 (or any similar provisions then in force) under the Securities Act; and use commercially reasonable efforts to comply with the provisions of the Securities Act applicable to it with respect to the disposition of all securities covered by such Shelf Registration Statement during the Effectiveness Period Common Shares for the period provided in accordance with the intended methods of disposition by the sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplemented.
Section 1. Upon ten (c10) As promptly as practicable give notice to the Notice Holdersbusiness days' notice, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) (i) when Company shall file any Prospectus, Prospectus supplement, Shelf Registration Statement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority of any stop order suspending the effectiveness of any Shelf Registration Statement or the initiation or threatening of any proceedings for that purpose, (iv) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(d) Use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for sale, in either case at the earliest possible moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf the Registration Statement with respect to Holder's interests in or plan of distribution of Common Shares that is reasonably necessary to permit the sale of such information as Holder's Common Shares pursuant to the Initial Purchaser, such Notice Holder Registration Statement and the Company shall file any necessary listing applications or counsel for amendments to the Holders and for existing applications to cause the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine Common Shares to be required listed on an exchange or quoted on any quotation system on which the Company's Common Stock is then listed or quoted.
(c) The Company shall promptly notify Holder of, and confirm in writing, any request by the SEC for amendments or supplements to be included therein by applicable law the Registration Statement or the prospectus related thereto or for additional information. In addition, the Company shall promptly notify Holder of, and make confirm in writing, the filing of the Registration Statement, any required filings prospectus supplement related thereto or any post-effective amendment to the Registration Statement and the effectiveness of any such Prospectus supplement Registration Statement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(fd) As The Company shall promptly as practicable furnish to each Notice notify Holder, counsel for at any time when a prospectus relating to the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed is required to be incorporated therein by reference and all exhibits (unless requested in writing to the Company by such Notice Holder, such counsel or the Initial Purchaser).
(g) During the Effectiveness Period, deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and any amendment or supplement thereto as such Notice Holder and the Initial Purchaser may reasonably request; and the Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or each amendment or supplement thereto by each Notice Holder, in connection with any offering and sale of the Registrable Securities covered by such Prospectus or any amendment or supplement thereto in the manner set forth therein.
(h) Prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to register or qualify or cooperate with the Notice Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale delivered under the securities or Blue Sky laws of such jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such Registrable Securities in the manner set forth in the relevant Shelf Registration Statement and the related Prospectus; provided that the Company will not be required to (i) qualify as a foreign corporation or as a dealer in securities in any jurisdiction where it would not otherwise be required to qualify but for this Agreement or (ii) take any action that would subject it to general service of process in suits or to taxation in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) of the occurrence happening of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, prospectus included in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentenceas then in effect, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any includes an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, . In such event and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant subject to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders 7 of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure the Company shall promptly prepare and furnish to Holder a reasonable number of copies of a supplement to or an amendment of such information is prospectus as may be necessary so that, as thereafter delivered to the purchasers of Common Shares, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required by court to be stated therein or administrative order or is necessary to respond to inquiries of regulatory authoritiesmake the statements therein, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations light of the SEC and make generally available to its securityholders earning statements (circumstances under which need they are made, not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periodsmisleading.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold pursuant to a Shelf Registration Statement, which certificates shall not bear any restrictive legends, and cause such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as such Notice Holder may request in writing at least (2) Business Days prior to any sale of such Registrable Securities.
(m) Provide a CUSIP number for all Registrable Securities covered by each Shelf Registration Statement not later than the effective date of such Shelf Registration Statement and provide the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Company.
(n) Cooperate and assist in any filings r
Appears in 1 contract
Sources: Registration Rights Agreement (FBL Financial Group Inc)
Registration Procedures. In connection with The procedures to be followed by the registration Company and each selling Holder, and the respective rights and obligations of the Company under Section 2 hereofand such Holders, with respect to the Company shallpreparation, filing and effectiveness of the Registration Statement, and the distribution of Registrable Securities pursuant thereto, are as follows:
(a) Prepare and file with The Company will, at least five (5) Trading Days prior to the SEC a Shelf filing of the Registration Statement or Shelf Registration Statements on Form S-1 or S-3 or any other appropriate form under the Securities Act available for the sale of the Registrable Securities by the Holders thereof in accordance with the intended method or methods of distribution thereof, and use commercially reasonable efforts to cause each such Shelf Registration Statement to become effective and remain effective as provided herein; provided that before filing any Shelf Registration Statement or related Prospectus or any amendments amendment or supplements supplement thereto with (other than any amendment or supplement made through the SECincorporation by reference of ordinary course Exchange Act filings), the Company shall (i) furnish to the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) copies of all such documents proposed to be filed filed, which documents will be subject to the reasonable review of such Holders and (ii) use its commercially reasonable efforts to reflect address in each such document when so filed with the SEC Commission such comments as the such counsel Holders reasonably shall propose within three (3) Business Days of the delivery of such copies to the Initial Purchaser and such counselpropose.
(b) Prepare The Company will use commercially reasonable efforts to (i) prepare and file with the SEC Commission such amendments and amendments, including post-effective amendments amendments, and supplements to each Shelf the Registration Statement and the Prospectus used in connection therewith as may be necessary under applicable law with respect to keep the disposition of all Registrable Securities covered by such Shelf Registration Statement continuously effective until as to the expiration of the applicable Registrable Securities for its Effectiveness PeriodPeriod and prepare; (ii) cause the related Prospectus to be amended or supplemented by any required Prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 424; and (iii) respond as promptly as reasonably possible to any comments received from the Commission with respect to the Registration Statement or any similar provisions then amendment thereto and, as promptly as reasonably possible provide the Holders true and complete copies of all correspondence from and to the Commission relating to such Registration Statement that pertains to the Holders as selling securityholders but not any comments that would result in forcethe disclosure to the Holders of material and non-public information concerning the Company.
(c) under the Securities Act; and use commercially reasonable efforts to The Company will comply in all material respects with the provisions of the Securities Act applicable to it and the Exchange Act with respect to the Registration Statement and the disposition of all securities Registrable Securities covered by such Shelf the Registration Statement during the Effectiveness Period in accordance with the intended methods of disposition by the sellers thereof set forth in such Shelf Registration Statement as so amended or such Prospectus as so supplementedStatement.
(cd) As The Company will notify the Holders as promptly as practicable give notice to the Notice Holders, the Initial Purchaser and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) reasonably possible (i) when any Prospectus, Prospectus supplement, Shelf Registration Statement or post-effective amendment to a Shelf Registration Statement has been filed with the SEC and, with respect to a Shelf Registration Statement or any post-effective amendment, when the same has been declared effective, (ii) of any request, following the effectiveness of the Initial Shelf Registration Statement under the Securities Act, by the SEC or any other federal or state governmental authority for amendments or supplements to any Shelf Registration Statement or related Prospectus or for additional information, (iii) of the issuance by the SEC or any other federal or state governmental authority Commission of any stop order suspending the effectiveness of any Shelf the Registration Statement covering any or all of the Registrable Securities or the initiation or threatening of any proceedings Proceedings for that purpose, ; and (ivii) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction jurisdiction, or the initiation or threatening of any proceeding Proceeding for such purpose, (v) after the effective date of any Shelf Registration Statement filed pursuant to this Agreement of the occurrence of (but not the nature of or details concerning) a Material Event and (vi) of the determination by the Company that a post-effective amendment to a Shelf Registration Statement will be filed with the SEC, which notice may, at the discretion of the Company (or as required pursuant to Section 3(i)), state that it constitutes a Suspension Notice, in which event the provisions of Section 3(i) shall apply.
(de) Use The Company will use commercially reasonable efforts to prevent the issuance of, and, if issued, to obtain the withdrawal of any order suspending the effectiveness of a Shelf the Registration Statement or the lifting of any suspension of the qualification (or exemption from qualification) of any of the Registrable Securities for sale in any jurisdiction in which they have been qualified for saleStatement, in either case at the earliest possible practicable moment, and provide prompt notice to each Notice Holder and the Initial Purchaser of the withdrawal of any such order.
(e) If requested by the Initial Purchaser or any Notice Holder, as promptly as practicable incorporate in a Prospectus supplement or post-effective amendment to a Shelf Registration Statement such information as the Initial Purchaser, such Notice Holder or counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) shall determine to be required to be included therein by applicable law and make any required filings of such Prospectus supplement or such post-effective amendment; provided that the Company shall not be required to take any actions under this Section 3(e) that, in the written opinion of counsel for the Company, are not in compliance with applicable law.
(f) As promptly as practicable During the Effectiveness Period, the Company will furnish to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, without charge, at least one (1) conformed copy of the Shelf Registration Statement and any each amendment thereto, including financial statements but excluding schedules, all documents incorporated or deemed to be incorporated therein by reference thereto and all exhibits (unless requested in writing to the Company extent requested by such Notice HolderPerson (including those incorporated by reference) promptly after the filing of such documents with the Commission; provided, such counsel or that the Initial Purchaser)Company will not have any obligation to provide any document pursuant to this clause that is available on the E▇▇▇▇ system.
(g) During the Effectiveness Period, The Company will promptly deliver to each Notice Holder, counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) and the Initial Purchaser, in connection with any sale of Registrable Securities pursuant to a Shelf Registration Statement, without charge, as many copies of the each Prospectus or Prospectuses relating to such Registrable Securities (including each preliminary prospectus) and other than any amendment or supplement thereto made through the incorporation by reference of ordinary course Exchange Act filings) as such Notice Holder and the Initial Purchaser Persons may reasonably request; and request during the Effectiveness Period. The Company hereby consents (except during such periods that a Suspension Notice is outstanding and has not been revoked) to the use of such Prospectus or and each amendment or supplement thereto by each Notice Holder, of the selling Holders in connection with any the offering and sale of the Registrable Securities covered by such Prospectus or and any amendment or supplement thereto in the manner set forth thereinaccordance with this Agreement.
(h) Prior The Company will, prior to any public offering of the Registrable Securities pursuant to the Shelf Registration StatementSecurities, use commercially reasonable efforts to register or qualify or cooperate with the Notice selling Holders in connection with the registration or qualification (or exemption from such registration or qualification) of such Registrable Securities for offer and sale under the applicable state securities or Blue Sky blue sky laws of such those jurisdictions within the United States as any Notice Holder reasonably requests in writing (which request may be included in the Notice and Questionnaire); prior to any public offering of the Registrable Securities pursuant to the Shelf Registration Statement, use commercially reasonable efforts to keep each such registration or qualification (or exemption therefrom) effective during the Effectiveness Period in connection with such Notice Holder's offer and sale of Registrable Securities pursuant use its commercially reasonable efforts to such registration or qualification (or exemption therefrom) and do any and all other acts or things reasonably necessary or advisable to enable the disposition in such jurisdictions of such the Registrable Securities in covered by the manner set forth in the relevant Shelf Registration Statement and the related ProspectusStatement; provided provided, that the Company will not be required to (i) qualify as a foreign corporation generally to do business or as a dealer in securities in any jurisdiction where it would is not otherwise be required to qualify but for this Agreement then so qualified or (ii) take any action that which would subject it the Company to general service of process in suits or to taxation any material tax in any such jurisdiction where it is not then so subject.
(i) Upon (A) the issuance by the SEC of a stop order suspending the effectiveness of the Shelf Registration Statement or the initiation of proceedings with respect to the Shelf Registration Statement under Section 8(d) or 8(e) of the Securities Act, (B) the occurrence of any event or the existence of any fact as a result of which any Shelf Registration Statement shall contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or any Prospectus shall contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or (C) the occurrence or existence of any pending corporate development that, in the reasonable discretion of the Company, makes it appropriate to suspend the availability of the Shelf Registration Statement and the related Prospectus (a "Material Event"), (i) in the case of clause (B) or (C) above, subject to the next sentence, as promptly as practicable, prepare and file, if necessary pursuant to applicable law, a post-effective amendment to such Shelf Registration Statement or a supplement to the related Prospectus or any document incorporated therein by reference or file any other required document that would be incorporated by reference into such Shelf Registration Statement and Prospectus so that such Shelf Registration Statement does not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading, and such Prospectus does not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading (it being understood that the Company may rely on information provided by each Notice Holder with respect to such Notice Holder), as thereafter delivered to the purchasers of the Registrable Securities being sold thereunder, and, in the case of a post-effective amendment to a Shelf Registration Statement, subject to the next sentence, use commercially reasonable efforts to cause it to be declared effective as promptly as is practicable, and (ii) give notice to the Notice Holders and counsel for the Holders and for the Initial Purchaser (or, if applicable, separate counsel for the Holders) that the availability of the Shelf Registration Statement is suspended (a "Suspension Notice") and, upon receipt of any Suspension Notice, each Notice Holder agrees not to sell any Registrable Securities pursuant to such Shelf Registration Statement until such Notice Holder's receipt of copies of the supplemented or amended Prospectus provided for in clause (i) above, or until it is advised in writing by the Company that the Prospectus may be used, and has received copies of any additional or supplemental filings that are incorporated or deemed incorporated by reference in such Prospectus. The Company will use commercially reasonable efforts to ensure that the use of the Prospectus may be resumed (x) in the case of clause (A) above, as promptly as is practicable, (y) in the case of clause (B) above, as soon as, in the reasonable judgment of the Company, the Shelf Registration Statement does not contain any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading and the Prospectus does not contain any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and (z) in the case of clause (C) above, as soon as, in the reasonable discretion of the Company, such suspension is no longer appropriate. The period during which the availability of the Shelf Registration Statement and any Prospectus may be suspended (the "Suspension Period") without the Company incurring any obligation to pay liquidated damages pursuant to Section 2(e) shall not exceed thirty (30) days in the aggregate in any three month period or one hundred twenty (120) days in the aggregate in any twelve (12) month period.
(j) Make available for inspection during normal business hours by representatives for the Notice Holders of such Registrable Securities, and any broker-dealers, attorneys and accountants retained by such Notice Holders, all relevant financial and other records and pertinent corporate documents and properties of the Company and its subsidiaries, and cause the appropriate officers, directors and employees of the Company and its subsidiaries to make available for inspection during normal business hours all relevant information reasonably requested by such representatives for the Notice Holders, or any such broker-dealers, attorneys or accountants in connection with such disposition, in each case as is customary for similar "due diligence" examinations; provided, however, that such persons shall, at the Company's request, first agree in writing cooperate with the Company that any information that is reasonably and in good faith designated by the Company in writing as confidential at the time of delivery of such information shall be kept confidential by such persons and shall be used solely for the purposes of exercising rights under this Agreement, unless (i) disclosure of such information is required by court or administrative order or is necessary to respond to inquiries of regulatory authorities, (ii) disclosure of such information is required by law (including any disclosure requirements pursuant to federal securities laws in connection with the filing of any Shelf Registration Statement or the use of any Prospectus referred to in this Agreement), (iii) such information becomes generally available to the public other than as a result of a disclosure or failure to safeguard by any such person or (iv) such information becomes available to any such person from a source other than the Company and such source is not bound by a confidentiality agreement or is not otherwise under a duty of trust to the Company, and provided that the foregoing inspection and information gathering shall, to the greatest extent possible, be coordinated on behalf of all the Notice Holders and the other parties entitled thereto by the counsel referred to in Section 5.
(k) Comply with all applicable rules and regulations of the SEC and make generally available to its securityholders earning statements (which need not be audited) satisfying the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder (or any similar rule promulgated under the Securities Act) no later than 45 days after the end of any 12-month period (or 90 days after the end of any 12-month period if such period is a fiscal year) commencing on the first day of the first fiscal quarter of the Company commencing after the effective date of a Shelf Registration Statement, which statements shall cover said 12-month periods.
(l) Cooperate with each Notice Holder to facilitate the timely preparation and delivery of certificates representing Registrable Securities sold to be delivered to a transferee pursuant to a Shelf the Registration Statement, which certificates shall not bear any be free of all restrictive legends, and cause to enable such Registrable Securities to be in such denominations as are permitted by the Indenture and registered in such names as any such Notice Holder Holders may request in writing at least (2) Business Days prior writing. In connection therewith, if required by the Company’s transfer agent, the Company will promptly after the effectiveness of the Registration Statement cause an opinion of counsel as to the effectiveness of the Registration Statement to be delivered to its transfer agent when and as required by such transfer agent from time to time, together with any other authorizations, certificates and directions required by the transfer agent which authorize and direct the transfer agent to issue such Registrable Securities without legend upon sale by the holder of such shares of Registrable SecuritiesSecurities under the Registration Statement.
(mj) Provide The Company will use commercially reasonable efforts to prepare such supplements or amendments, including a CUSIP number for all Registrable Securities covered post-effective amendment, if required by each Shelf Registration Statement not later than applicable law, to the effective date of such Shelf Registration Statement and file any other required document so that such Registration Statement will be Available at all times during the Effectiveness Period. No later than 8:00 p.m. (Eastern Time) on any Trading Day on which the Company receives a written notice (a “Use Notice”) prior to 2:00 p.m. (Eastern Time) on such Trading Day (or if such request is received after 2:00 p.m. (Eastern Time), no later than 8:00 p.m. (Eastern Time) on the following Trading Day) from a Holder that such Holder intends to use the Registration Statement to resell Registrable Securities, the Company will provide written confirmation to such Holder that the Trustee and the transfer agent for the Common Stock with certificates for the Registrable Securities that are in a form eligible for deposit with The Depository Trust Companyapplicable Registration Statement is Available.
(nk) Cooperate and assist Notwithstanding any other provision of the Agreement, no Holder of Registrable Securities may include any of its Registrable Securities in the Registration Statement pursuant to this Agreement unless the Holder furnishes to the Company a completed questionnaire substantially in the form of Exhibit A (the “Questionnaire”) for use in connection with the Registration Statement prior to the filing of the Registration Statement; provided, however, Investor shall not be required to furnish a Questionnaire in connection with the Registration Statement if such Investor owns Notes or Warrants initially purchased by such Investor at the Closing as of the initial Filing Date. Each Holder who intends to include any filings rof its Registrable Securities in the Registration Statement shall promptly furnish the Company in writing such other information as the Company may reasonably request in writing.
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Sources: Registration Rights Agreement (Deep Medicine Acquisition Corp.)