Registration Statement Termination Clause Samples
The Registration Statement Termination clause defines the conditions under which a registration statement filed with regulatory authorities, such as the SEC, is considered no longer effective or is formally withdrawn. Typically, this clause outlines the procedures for terminating the registration, such as upon the completion of an offering, the expiration of a specified period, or by mutual agreement of the parties involved. Its core function is to provide clarity on when the obligations and liabilities associated with the registration statement end, thereby reducing ongoing compliance burdens and potential legal exposure for the parties.
Registration Statement Termination. The Company shall (1) promptly file post-effective amendments with the SEC to terminate all effective Securities Act registration statements prior to the earlier of (i) the Effective Date and (ii) December 31, 2014 and (2) use reasonable best efforts to cause the SEC to declare such post-effective amendments effective prior to the earlier of (i) the Effective Date and (ii) December 31, 2014.
Registration Statement Termination. The SEC has declared effective all post-effective amendments required to be filed by Section 7.4(b). There are no effective Securities Act registration statements on file with the SEC for any of the Company’s securities.