Common use of Suspension of Sales; Adverse Disclosure Clause in Contracts

Suspension of Sales; Adverse Disclosure. 3.4.1 Upon receipt of written notice from the Company that a Registration Statement or Prospectus contains a Misstatement, or in the opinion of counsel for the Company it is necessary to supplement or amend such Prospectus to comply with applicable law, each of the Holders shall forthwith discontinue disposition of Registrable Securities until it has received copies of a supplemented or amended Prospectus correcting the Misstatement (it being understood that the Company hereby covenants to prepare and file such supplement or amendment as soon as practicable after the time of such notice), or until it is advised in writing by the Company that the use of the Prospectus may be resumed.

Appears in 6 contracts

Samples: Registration Rights Agreement (African Agriculture Holdings Inc.), Agreement and Plan of Merger (10X Capital Venture Acquisition Corp. III), Registration Rights Agreement (TKB Critical Technologies 1)

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Suspension of Sales; Adverse Disclosure. 3.4.1 3.5.1 Upon receipt of written notice from the Company that a Registration Statement or Prospectus contains a Misstatement, or in the opinion of counsel for the Company it is necessary to supplement or amend such Prospectus to comply with applicable law, each of the Holders shall forthwith discontinue disposition of Registrable Securities until he, she or it has received copies of a supplemented or amended Prospectus correcting the Misstatement (it being understood that the Company hereby covenants to prepare and file such supplement or amendment as soon as reasonably practicable after the time of such notice), or until he, she or it is advised in writing by the Company that the use of the Prospectus may be resumed.

Appears in 3 contracts

Samples: Registration Rights Agreement (Captivision Inc.), Registration Rights Agreement (Captivision Inc.), Registration Rights Agreement (Jaguar Global Growth Corp I)

Suspension of Sales; Adverse Disclosure. 3.4.1 (a) Upon receipt of written notice from the Company that a Registration Statement or Prospectus contains a Misstatement, Misstatement or that a Registration Statement has ceased to be in compliance with the opinion rules of counsel for the Company it is necessary to supplement or amend such Prospectus to comply with applicable lawCommission, each of the Holders shall forthwith discontinue disposition of Registrable Securities until it has received copies of a supplemented or amended Prospectus correcting the Misstatement or noncompliance (it being understood that the Company hereby covenants to prepare and file such supplement or amendment as soon as practicable after the time of such notice), or until it is advised in writing by the Company that the use of the Prospectus may be resumedresumed (any such period, a “Suspension Period”).

Appears in 2 contracts

Samples: Registration Rights Agreement (Amergent Hospitality Group, Inc), Security Agreement (Amergent Hospitality Group, Inc)

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Suspension of Sales; Adverse Disclosure. 3.4.1 Upon receipt of written notice from the Company that a Registration Statement or Prospectus contains a Misstatement, or in the opinion of outside counsel for the Company it is necessary to supplement or amend such Prospectus to comply with applicable law, each of the Holders shall forthwith discontinue disposition of Registrable Securities until it has received copies of a supplemented or amended Prospectus correcting the Misstatement (it being understood that the Company hereby covenants to prepare and file such supplement or amendment as soon as practicable after the time of such notice), or until it is advised in writing by the Company that the use of the Prospectus may be resumed.

Appears in 1 contract

Samples: Registration Rights Agreement (Roth CH Acquisition IV Co.)

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