Future Cleansing Statements Sample Clauses

Future Cleansing Statements. (a) For as long as the Shares are listed on the ASX, notwithstanding any other provision of this Agreement, no later than on the Business Day immediately after the date of issuance of any Investor’s Shares and in any event no later than the lodgement of the Appendix 3B in respect of those Investor’s Shares the Company shall: (i) issue a Cleansing Statement; and (ii) notify the Investor that it has issued such Cleansing Statement. (b) The Company shall use its good faith best efforts to ensure that it is able to issue Cleansing Statements at all times while it remains liable under this Agreement to issue any Investor’s Shares. (c) If an issue of a Cleansing Statement referred to in clause 11.14(a) would not, in the Investor’s reasonable opinion: (i) be permitted under applicable law; or (ii) result in the Shares to which such Cleansing Statement would relate being eligible to be freely and immediately traded on the ASX by the Investor; then at the direction of the Investor, the Company shall as soon as practicable, but in any event no later than thirty (30) Business Days (or such later date as the Parties may agree acting reasonably) after the date on which the Company was required to issue the relevant Investor’s Shares, lodge with ASIC a disclosure document for the purposes of Chapter 6D of the Corporations Act covering the Shares to which the Cleansing Statement would have related. (d) (i) At any time prior to the lodgement of a disclosure document by the Company pursuant to clause 11.14(c), the Investor may elect, by notice in writing to the Company, that the Company issue the relevant Investor’s Shares, provided that the Investor gives an undertaking to the Company not to sell those shares prior to lodgement of the disclosure document with ASIC, otherwise than to a person who is a sophisticated or professional investor under section 708(8) or section 708(11) of the Corporations Act respectively (for the avoidance of doubt, this issue of the Investors’ Shares by the Company shall not relieve it of the obligation to lodge a disclosure document with ASIC); and