Common use of Use of Offering Documents Upon Notice of Defects Clause in Contracts

Use of Offering Documents Upon Notice of Defects. Imperial agrees, and ------------------------------------------------ shall cause underwriter(s), if any, acting on its behalf to agree, that upon receipt of any notice from the Company of the happening of any event of the kind described in Paragraph 5(f), it will immediately discontinue the use of the Offering Documents covering such Common Stock until the receipt by Imperial and any such underwriter(s) of the copies of the supplemented or amended Offering Documents contemplated by such clause and, if so directed by the Company, Imperial will deliver and cause each underwriter, if any, to deliver to the Company all copies, other than permanent file copies then in the possession of Imperial or any such underwriter, of the Offering Documents covering such Common Stock at the time of receipt of such notice. If the Company shall give any such notice, the period mentioned in Paragraph 5(b) shall be extended by the number of days during which offerings were suspended (i.e., the period from and including the date of the receipt of such notice pursuant to Paragraph 5(f), to and including the date when Imperial shall have received the copies of the supplemented or amended Offering Documents contemplated by such clause).

Appears in 3 contracts

Samples: Registration Rights Agreement (Southern Pacific Funding Corp), Registration Rights Agreement (Imperial Credit Industries Inc), Registration Rights Agreement (Impac Mortgage Holdings Inc)

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Use of Offering Documents Upon Notice of Defects. Imperial agrees, ------------------------------------------------ and ------------------------------------------------ shall cause underwriter(s), if any, acting on its behalf to agree, that upon receipt of any notice from the Company of the happening of any event of the kind described in Paragraph 5(f), it will immediately discontinue the use of the Offering Documents covering such Common Stock until the receipt by Imperial and any such underwriter(s) of the copies of the supplemented or amended Offering Documents contemplated by such clause and, if so directed by the Company, Imperial will deliver and cause each underwriter, if any, to deliver to the Company all copies, other than permanent file copies then in the possession of Imperial or any such underwriter, of the Offering Documents covering such Common Stock at the time of receipt of such notice. If the Company shall give any such notice, the period mentioned in Paragraph 5(b) shall be extended by the number of days during which offerings were suspended (i.e., the period from and including the date of the receipt of such notice pursuant to Paragraph 5(f), to and including the date when Imperial shall have received the copies of the supplemented or amended Offering Documents contemplated by such clause).

Appears in 1 contract

Samples: Registration Rights Agreement (Imperial Credit Industries Inc)

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