Common use of Material Events; Suspension of Sales Clause in Contracts

Material Events; Suspension of Sales. Notwithstanding the provisions contained in this Section 2, with respect to any Registration Statement, the Company may (for a period not to exceed 60 consecutive days, and not in any event to exceed 90 days in the aggregate during any 12 month period) suspend use of such Registration Statement at any time if (and for so long as) the continued effectiveness thereof would require the Company to disclose a material financing, acquisition, other transaction or other material non-public information, which disclosure the Board of Directors of the Company shall have determined in good faith is not in the best interests of the Company and the Company's stockholders. The Company shall notify each registered Holder, the Transfer Agent and the managing underwriters, if any, that the use of the Prospectus is to be suspended until the Company shall deliver a written notice that the use of the Prospectus may be resumed. During such suspension, the use of the Prospectus shall be suspended, and the Company shall not be required to maintain the effectiveness of, or amend or update the Registration Statement, or amend or supplement the Prospectus.

Appears in 2 contracts

Samples: Registration Rights Agreement (America West Holdings Corp), Registration Rights Agreement (America West Holdings Corp)

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Material Events; Suspension of Sales. Notwithstanding the provisions contained in this Section 2, with respect to any Registration Statement, the Company may (for a period not to exceed 60 consecutive days, and not in any event to exceed 90 days in the aggregate during any 12 month period) suspend use of such Registration Statement at any time if (and for so long as) the continued effectiveness use thereof would require the Company to disclose a material financing, acquisition, other transaction or other material non-public information, which disclosure the Board of Directors of the Company shall have determined in good faith is not in the best interests of the Company and the Company's stockholders. The Company shall notify each registered Holder, the Transfer Agent and the managing underwriters, if any, that the use of the Prospectus is to be suspended until the Company shall deliver a written notice that the use of the Prospectus may be resumed. During such suspension, the use of the Prospectus shall be suspended, and the Company shall not be required to maintain the effectiveness of, or amend or update the Registration Statement, or amend or supplement the Prospectus.

Appears in 2 contracts

Samples: Registration Rights Agreement (Frontier Airlines Inc /Co/), Registration Rights Agreement (World Airways Inc /De/)

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Material Events; Suspension of Sales. Notwithstanding the provisions contained in this Section 2, with respect to any the Registration Statement, Statement the Company and the Guarantor may (for a period not to exceed 60 consecutive days, and not in any event to exceed 90 days in the aggregate aggregate, during any 12 month period) suspend use of such Registration Statement at any time if (if, and for so long as) , the continued effectiveness thereof would require the Company or the Guarantor to disclose a material financing, acquisition, other transaction or other material non-public information, which disclosure the Board of Directors of the Company or the Guarantor shall have determined in good faith is not in the best interests of the Company Company, the Guarantor and the Company's stockholders. The Company shall notify each registered Holder, the Trustee, the Transfer Agent and the managing underwriters, if any, that the use of the Prospectus is to be suspended until the Company shall deliver a written notice that the use of the Prospectus may be resumed. During such suspension, suspension the use of the Prospectus shall be suspended, and neither the Company nor the Guarantor shall not be required to maintain the effectiveness of, or amend or update the Registration Statement, or amend or supplement the Prospectus.

Appears in 1 contract

Samples: Registration Rights Agreement (America West Holdings Corp)

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