Examples of Target Effective Period in a sentence
The Company shall use its best efforts to have the Shelf Registration Statement declared effective on or before the Target Effective Date and to keep such Shelf Registration Statement continuously effective for the Target Effective Period.
Once the Shelf Registration Statement is effective, the Company shall use its reasonable best efforts to keep such Shelf Registration Statement continuously effective for a period (the "Target Effective Period") ending on the date on which no Registrable Securities are outstanding.
If a stop order is imposed or if for any other reason the effectiveness of the Shelf Registration Statement is suspended during the Target Effective Period, then the Company shall pay liquidated damages to each Holder in an amount equal to $3.25 per 1,000 Warrant Shares per week beginning on the date of such stop order or other suspension of effectiveness.
In the event that the Company shall give any Suspension Notice, (i) the Company shall use commercially reasonable efforts and take such actions as are reasonably necessary to end the Suspension Period as promptly as practicable and (ii) the Target Effective Period shall be extended by the number of days during the Suspension Period.
If a stop order is imposed or if for any other reason the effectiveness of the Shelf Registration Statement is suspended during the Target Effective Period, then the Company shall pay liquidated damages to each Holder of the Registrable Securities in an amount equal to $.01 per Share per month beginning on the date of such stop order or other suspension of effectiveness.