Common use of Effective Amendment Clause in Contracts

Effective Amendment. Within the time during which a Final Prospectus relating to the Securities is required to be delivered under the Securities Act, the Company shall comply with all requirements imposed upon it by the Securities Act and by the Rules and Regulations, as from time to time in force, so far as is necessary to permit the continuance of sales of or dealings in the Securities as contemplated by the provisions hereof and the Final Prospectus. If at any time when a prospectus relating to the Securities is required to be delivered under the Securities Act, any event occurs as a result of which, in the judgment of the Company and its counsel, the Prospectus as then amended or supplemented would include any untrue statement of a material fact, or omit to state a material fact necessary to make the statements therein, in light of the circumstances under which made, not misleading in any material respect, or if it is necessary at any time to amend or supplement the Prospectus to comply with the Securities Act or any other applicable law, the Company will promptly notify you, and the Company shall promptly prepare and file with the Commission an amendment or supplement to the Registration Statement which will correct such statement or omission, or an amendment or supplement which will effect such compliance, and deliver to you in connection therewith such prospectus or prospectuses in such quantity as may be necessary to permit compliance with the requirements of the Securities Act.

Effective Amendment. Within the time during which a Final Prospectus relating to the Securities Shares is required to be delivered under the Securities Act, the Company shall comply with all requirements imposed upon it by the Securities Act and by the Rules and Regulations, as from time to time in force, so far as is necessary to permit the continuance of sales of or dealings in the Securities Shares as contemplated by the provisions hereof and the Final Prospectus. If at any time when a prospectus relating to the Securities Shares is required to be delivered under the Securities Act, any event occurs as a result of which, in the judgment of the Company and its counsel, the Prospectus as then amended or supplemented would include any untrue statement of a material fact, or omit to state a material fact necessary to make the statements therein, in light of the circumstances under which made, not misleading in any material respect, or if it is necessary at any time to amend or supplement the Prospectus to comply with the Securities Act or any other applicable law, the Company will promptly notify you, and the Company shall promptly prepare and file with the Commission an amendment or supplement to the Registration Statement which will correct such statement or omission, or an amendment or supplement which will effect such compliance, and deliver to you in connection therewith such prospectus or prospectuses in such quantity as may be necessary to permit compliance with the requirements of the Securities Act.