Common use of Occurrence of Certain Events Clause in Contracts

Occurrence of Certain Events. Each Holder of Registrable Securities agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in Subsection (a)(ii)(4), (5) or (6) above, such Holder will forthwith refrain from disposing or discontinue disposition of Registrable Securities pursuant to the then current Prospectus (but, in the case of an event described in Subsection (a)(ii)(5), only in the affected jurisdiction(s)) until such Holder is advised in writing by the Company that the use of the Prospectus may be resumed. The Company shall use its best efforts to limit the duration of any discontinuance with respect to the disposition of Registrable Securities pursuant to this paragraph.

Appears in 5 contracts

Samples: Registration Rights Agreement (Arad Avi), Registration Rights Agreement (Zib Inc Et Al), Registration Rights Agreement (Zib Inc Et Al)

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Occurrence of Certain Events. Each Holder of Registrable ---------------------------- Securities agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in Subsection (a)(ii)(4), (5) or (6) above, such Holder will forthwith refrain from disposing or discontinue disposition of Registrable Securities pursuant to the then current Prospectus (but, in the case of an event described in Subsection (a)(ii)(5), only in the affected jurisdiction(s)) until such Holder is advised in writing by the Company that the use of the Prospectus may be resumed. The Company shall use its best efforts to limit the duration of any discontinuance with respect to the disposition of Registrable Securities pursuant to this paragraph.

Appears in 1 contract

Samples: Registration Rights Agreement (Marvel Enterprises Inc)

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