Information Blackout. At any time when a Registration Statement effected pursuant to Section 2 relating to Restricted Stock is effective, upon written notice from the Company to the Holder that the Company has determined in good faith that sale of Restricted Stock pursuant to the Registration Statement would require disclosure of non-public material information, the Holder shall suspend sales of Restricted Stock pursuant to such Registration Statement until such time as the Company notifies the Holder that such material information has been disclosed to the public or has ceased to be material or that sales pursuant to such Registration Statement may otherwise be resumed.
Appears in 4 contracts
Samples: Securities Purchase Agreement (VDC Communications Inc), Securities Purchase Agreement (VDC Communications Inc), Securities Purchase Agreement (VDC Communications Inc)
Information Blackout. At any time when a Registration Statement effected pursuant to Section Paragraph 2 relating to Restricted Stock is effective, upon written notice from the Company to the Holder that the Company has determined in good faith that sale of Restricted Stock pursuant to the Registration Statement would require disclosure of non-public material information, the Holder shall suspend sales of Restricted Stock pursuant to such Registration Statement until such time as the Company notifies the Holder that such material information has been disclosed to the public or has ceased to be material or that sales pursuant to such Registration Statement may otherwise be resumed.
Appears in 1 contract
Samples: Registration Rights Agreement (Osage Systems Group Inc)
Information Blackout. At any time when a Registration Statement effected pursuant to Section 2 relating to Restricted Stock is effective, upon written notice from the Company to the Holder Members that the Company has determined in good faith that sale of Restricted Stock pursuant to the Registration Statement would require disclosure of non-public material information, the Holder Members shall suspend sales of Restricted Stock pursuant to such Registration Statement until such time as the Company notifies the Holder Members that such material information has been disclosed to the public or has ceased to be material or that sales pursuant to such Registration Statement may otherwise be resumed. The Company will use its best efforts to minimize the duration of any suspension of trading required hereunder.
Appears in 1 contract
Information Blackout. At any time when a Registration Statement effected pursuant to Section Paragraph 2 relating to Restricted Stock is effective, upon written notice from the Company to the Holder Holders that the Company has determined in good faith that sale of Restricted Stock pursuant to the Registration Statement would require disclosure of non-public material information, the Holder Holders shall suspend sales of Restricted Stock pursuant to such Registration Statement until such time as the Company notifies the Holder Holders that such material information has been disclosed to the public or has ceased to be material or that sales pursuant to such Registration Statement may otherwise be resumed.
Appears in 1 contract
Samples: Registration Rights Agreement (Osage Systems Group Inc)