Continuously Effective definition

Continuously Effective with respect to a specified registration statement, shall mean that it shall not cease to be effective and available for Transfers of Registrable Securities thereunder for longer than either (i) any ten (10) consecutive Business Days, or (ii) an aggregate of fifteen (15) Business Days during the period specified in the relevant provision of this Agreement.

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Continuously Effective with respect to a specified registration statement, means that such registration statement shall not cease to be effective and available for transfers of Registrable Securities in accordance with the method of distribution set forth therein for longer than five (5) business days during the period specified in the relevant provision of this Agreement.

Continuously Effective means, with respect to a specified registration statement, that it shall not cease to be effective and available for transfers of Registrable Securities thereunder for longer than any forty-five (45) consecutive Business Days, during which time the Company shall not be permitted to call the Warrants, prior to the Expiration Date.

Examples of Continuously Effective in a sentence

• Continuously Effective", with respect to a specified registration statement, shall mean that such registration statement shall not cease to be effective and available for Transfers of Registrable Securities thereunder for longer than either (i) any ten (10) consecutive Business Days, or (ii) an aggregate of fifteen (15) Business Days during the period specified in the relevant provision of this Agreement.

• If a Subsequent Shelf Registration is filed, the Company shall use its reasonable efforts to cause the Subsequent Shelf Registration to be declared effective as soon as practicable after such filing and to keep such Registration Statement Continuously Effective until the end of the Effectiveness Period.

• Continuously Effective", with respect to a ---------------------- specified registration statement, shall mean that it shall not cease to be effective and available for Transfers of Registrable Securities thereunder for longer than either (i) any ten (10) consecutive business days, or (ii) an aggregate of fifteen (15) business days during the period specified in the relevant provision of this Agreement.

• The Company shall use its reasonable best efforts to keep the Underwritten Offering Registration Statement Continuously Effective for up to 60 calendar days or until such earlier date as of which all the Registrable Securities under the Underwritten Offering Registration Statement shall have been disposed of in the manner described in the Underwritten Offering Registration Statement.

• The Company's obligation to effect a given demand registration pursuant to Section 2.1 shall be deemed to have been satisfied upon the earlier of (i) the date as of which all of the Registrable Securities included therein shall have been disposed of pursuant to the Demand Registration Statement, and (ii) the date as of which such Demand Registration Statement shall have been Continuously Effective for a period of 90 days.

More Definitions of Continuously Effective

Continuously Effective with respect to the Resale Registration Statement means that such registration statement shall not cease to be effective and available for Transfers of Registrable Securities.

Continuously Effective means, with respect to a specified registration statement, that it shall not cease to be effective and current and compliant with respect to applicable disclosure requirements and available for Transfers of Registrable Securities thereunder, and shall not be subject to any stop order or similar order issued by the Commission, for longer than either (i) any ten (10) consecutive Business Days, or (ii) an aggregate of fifteen (15) Business Days during the period specified in the relevant provision of this Agreement.

Continuously Effective with respect to a specified registration statement, shall mean that it shall not cease to be effective and available for Transfers of Registrable Securities thereunder for longer than either (i) any thirty (30) calendar days, or (ii) an aggregate of sixty (60) calendar days during the two-year period specified in Section 2.1(c).

Continuously Effective with respect to a specified Registration Statement, means that such Registration Statement shall not cease to be effective and available for transfers of Registrable Securities in accordance with the method of distribution set forth therein during the period specified in the relevant provision of this Agreement.

Continuously Effective. As used herein the term "SHELF REGISTRATION" means the Initial Shelf Registration and any Subsequent Shelf Registration.

Continuously Effective with respect to a specified registration statement, shall mean that it shall not cease to be effective and available for Transfers of Warrant Stock thereunder for the longer of either (i) any ten consecutive Business Days, or (ii) an aggregate of fifteen Business Days during the period specified in the relevant provision of Section 9 hereof. "Convertible Securities" shall mean evidences of indebtedness, shares of stock or other securities that are convertible into or exchangeable for, with or without payment of additional consideration in cash or property, shares of Common Stock, either immediately or upon the occurrence of a specified date or a specified event. "Credit Agreement" means the Second Amended and Restated Credit Agreement dated as of January 25, 1996, as thereafter from time to time amended, supplemented, restated or modified, among the Company, the Lenders party thereto and The First National Bank of Chicago, as agent. "Current Market Price" shall mean as of any specified date the average of the daily market prices of the Common Stock of the Company for the shorter of (x) the twenty consecutive Business Days immediately preceding such date or (y) the period commencing on the Business Day next following the first public announcement of any event giving rise to an adjustment of the Exercise Price pursuant to Section 4 below

Continuously Effective with respect to a specified registration statement, means that it shall not cease to be effective and available for transfers of Consideration Shares thereunder for longer than three Business Days during the period specified in the relevant provision of Article IV; provided, however, that such registration statement shall not be Continuously Effective if it ceases to be effective and available for transfers of Consideration Shares thereunder during the first five Business Days of such effectiveness.