Common use of Ongoing Compliance of the Offering Memorandum Clause in Contracts

Ongoing Compliance of the Offering Memorandum. If at any time prior to the completion of the initial offering of the Securities (i) any event shall occur or condition shall exist as a result of which the Offering Memorandum as then amended or supplemented would include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing when the Offering Memorandum is delivered to a purchaser, not misleading or (ii) it is necessary to amend or supplement the Offering Memorandum to comply with law, the Issuer will immediately notify the Initial Purchasers thereof and forthwith prepare and, subject to paragraph (b) above, furnish to the Initial Purchasers such amendments or supplements to the Offering Memorandum as may be necessary so that the statements in the Offering Memorandum as so amended or supplemented will not, in the light of the circumstances existing when the Offering Memorandum is delivered to a purchaser, be misleading or so that the Offering Memorandum will comply with law; provided, that the Issuer may request a delay of up to twenty-one days in the requirement to amend or supplement the Offering Memorandum if proceeding with the proposed amendment or supplement would require the disclosure of material non-public information concerning the Issuer or Symmetry and the disclosure of such information might reasonably be expected to adversely affect a planned transaction by the Issuer or Symmetry which is under active consideration and, in such event, the Initial Purchasers agree to suspend offers and sales of the Securities until the Offering Memorandum is so amended or supplemented by the Issuer.

Appears in 1 contract

Samples: Purchase Agreement (Symmetry Holdings Inc)

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Ongoing Compliance of the Offering Memorandum. (1) If at any time prior to the completion of the initial offering of the Securities by the Initial Purchasers (i) any event shall occur or condition shall exist as a result of which the Offering Memorandum as then amended or supplemented would include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing when the Offering Memorandum is delivered to a purchaser, not misleading or (ii) it is necessary to amend or supplement the Offering Memorandum to comply with law, the Issuer Company will immediately notify the Initial Purchasers thereof and forthwith prepare and, subject to paragraph (b) above, furnish to the Initial Purchasers such amendments or supplements to the Offering Memorandum as may be necessary so that the statements in the Offering Memorandum as so amended or supplemented will not, in the light of the circumstances existing when the Offering Memorandum is delivered to a purchaser, be misleading or so that the Offering Memorandum will comply with law; providedlaw and (2) if at any time prior to the Closing Date (i) any event shall occur or condition shall exist as a result of which any of the Time of Sale Information as then amended or supplemented would include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, that the Issuer may request a delay of up to twenty-one days in the requirement light of the circumstances under which they were made, not misleading or (ii) it is necessary to amend or supplement any of the Offering Memorandum if proceeding with Time of Sale Information so that any of the proposed amendment Time of Sale Information will not include any untrue statement of a material fact or supplement would require omit to state any material fact necessary in order to make the disclosure of material non-public information concerning the Issuer or Symmetry and the disclosure of such information might reasonably be expected to adversely affect a planned transaction by the Issuer or Symmetry which is under active consideration andstatements therein, in such eventlight of the circumstances under which they were made, not misleading, the Company will immediately notify the Initial Purchasers agree thereof and forthwith prepare and, subject to suspend offers and sales paragraph (b) above, furnish to the Initial Purchasers such amendments or supplements to any of the Securities until Time of Sale Information as may be necessary so that the Offering Memorandum is statements in any of the Time of Sale Information as so amended or supplemented by will not, in light of the Issuercircumstances under which they were made, be misleading or so that any of the Time of Sale Information will comply with the law.

Appears in 1 contract

Samples: Purchase Agreement (National Credit & Guaranty CORP)

Ongoing Compliance of the Offering Memorandum. (1) If at any time prior to the completion of the initial offering of the Securities by the Initial Purchasers (i) any event shall occur or condition shall exist as a result of which the Offering Memorandum as then amended or supplemented would include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing when the Offering Memorandum is delivered to a purchaser, not misleading or (ii) it is necessary to amend or supplement the Offering Memorandum to comply with law, the Issuer Company will immediately notify the Initial Purchasers thereof and forthwith prepare and, subject to paragraph (b) above, furnish to the Initial Purchasers such amendments or supplements to the Offering Memorandum as may be necessary so that the statements in the Offering Memorandum as so amended or supplemented will not, in the light of the circumstances existing when the Offering Memorandum is delivered to a purchaser, be misleading or so that the Offering Memorandum will comply with law; providedlaw and (2) if at any time prior to the Closing Date (i) any event shall occur or condition shall exist as a result of which any of the Time of Sale Information as then amended or supplemented would include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, that the Issuer may request a delay of up to twenty-one days in the requirement light of the circumstances under which they were made, not misleading or (ii) it is necessary to amend or supplement any of the Offering Memorandum if proceeding with Time of Sale Information so that any of the proposed amendment Time of Sale Information will not include any untrue statement of a material fact or supplement would require omit to state any material fact necessary in order to make the disclosure of material non-public information concerning the Issuer or Symmetry and the disclosure of such information might reasonably be expected to adversely affect a planned transaction by the Issuer or Symmetry which is under active consideration andstatements therein, in such eventlight of the circumstances under which they were made, not misleading, the Company will immediately notify the Initial Purchasers agree thereof and forthwith prepare and, subject to suspend offers and sales paragraph (b) above, furnish to the Initial Purchasers such amendments or supplements to any of the Securities until Time of Sale Information as may be necessary so that the Offering Memorandum is statements in any of the Time of Sale Information as so amended or supplemented by will not, in light of the Issuercircumstances under which they were made, be misleading.

Appears in 1 contract

Samples: Indalex Holding Corp.

Ongoing Compliance of the Offering Memorandum. (1) If at any time prior to the Closing Date (i) any event shall occur or condition shall exist as a result of which any of the Time of Sale Information as then amended or supplemented would include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading or (ii) it is necessary to amend or supplement any of the Time of Sale Information to comply with law, the Company will immediately notify the Initial Purchasers thereof and forthwith prepare and, subject to paragraph (b) above, furnish to the Initial Purchasers such amendments or supplements to any of the Time of Sale Information (or any document to be filed with the Commission and incorporated by reference therein) as may be necessary so that the statements in any of the Time of Sale Information as so amended or supplemented will not, in light of the circumstances under which they were made, be misleading or so that any of the Time of Sale Information will comply with law and (2) if at any time prior to the completion of the initial offering of the Securities (i) any event shall occur or condition shall exist as a result of which the Offering Memorandum as then amended or supplemented would include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing when the Offering Memorandum is delivered to a purchaser, not misleading or (ii) it is necessary to amend or supplement the Offering Memorandum to comply with law, the Issuer Company will immediately notify the Initial Purchasers thereof and forthwith prepare and, subject to paragraph (b) above, furnish to the Initial Purchasers such amendments or supplements to the Offering Memorandum (or any document to be filed with the Commission and incorporated by reference therein) as may be necessary so that the statements in the Offering Memorandum as so amended or supplemented (including such document to be incorporated by reference therein) will not, in the light of the circumstances existing when the Offering Memorandum is delivered to a purchaser, be misleading or so that the Offering Memorandum will comply with law; provided, that the Issuer may request a delay of up to twenty-one days in the requirement to amend or supplement the Offering Memorandum if proceeding with the proposed amendment or supplement would require the disclosure of material non-public information concerning the Issuer or Symmetry and the disclosure of such information might reasonably be expected to adversely affect a planned transaction by the Issuer or Symmetry which is under active consideration and, in such event, the Initial Purchasers agree to suspend offers and sales of the Securities until the Offering Memorandum is so amended or supplemented by the Issuer.

Appears in 1 contract

Samples: Registration Rights Agreement (Atp Oil & Gas Corp)

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Ongoing Compliance of the Offering Memorandum. (1) If at any time prior to the completion of the initial offering of the Securities (i) any event shall occur or condition shall exist as a result of which the Offering Memorandum as then amended or supplemented would include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances existing when the Offering Memorandum is delivered to a purchaser, not misleading or (ii) it is necessary to amend or supplement the Offering Memorandum to comply with law, the Issuer Issuers will immediately notify the Initial Purchasers thereof and forthwith prepare and, subject to paragraph (b) above, furnish to the Initial Purchasers such amendments or supplements to the Offering Memorandum as may be necessary so that the statements in the Offering Memorandum as so amended or supplemented will not, in the light of the circumstances existing when the Offering Memorandum is delivered to a purchaser, be misleading or so that the Offering Memorandum will comply with law; providedlaw and (2) if at any time prior to the Closing Date (i) any event shall occur or condition shall exist as a result of which any of the Time of Sale Information as then amended or supplemented would include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, that the Issuer may request a delay of up to twenty-one days in the requirement light of the circumstances under which they were made, not misleading or (ii) it is necessary to amend or supplement any of the Offering Memorandum if proceeding with Time of Sale Information so that any of the proposed amendment Time of Sale Information will not include any untrue statement of a material fact or supplement would require omit to state any material fact necessary in order to make the disclosure of material non-public information concerning the Issuer or Symmetry and the disclosure of such information might reasonably be expected to adversely affect a planned transaction by the Issuer or Symmetry which is under active consideration andstatements therein, in such eventlight of the circumstances under which they were made, not misleading, the Issuers will immediately notify the Initial Purchasers agree thereof and forthwith prepare and, subject to suspend offers paragraphs (b) and sales (c) above, furnish to the Initial Purchasers such amendments or supplements to any of the Securities until Time of Sale Information as may be necessary so that the Offering Memorandum is statements in any of the Time of Sale Information as so amended or supplemented by will not, in light of the Issuercircumstances under which they were made, be misleading.

Appears in 1 contract

Samples: Mirant Potrero, LLC

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