Common use of Information Blackout Clause in Contracts

Information Blackout. (a) At any time when a Registration Statement is effective, upon written notice from the Company to the Holders that the Company has determined in good faith that sale of Registrable Securities pursuant to the Registration Statement would require disclosure of non-public material information, the disclosure of which would have a material adverse effect on the Company, all Holders shall suspend sales of Registrable Securities pursuant to such Registration Statement until the earlier of (1) 90 days after the Company notifies the Holders of such good faith determination, and (2) such time as the Company notifies the 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 (the number of days from such suspension of sales by the Holders until the day when such sales may be resumed hereunder is hereinafter called a "Sales Blackout Period"). (b) The time period set forth in Section 6(a)(1) or (2) shall be extended for a number of days equal to the number of days in the Sales Blackout Period. (c) No Sales Blackout Period shall be commenced by the Company within 60 days after the end of a Sales Blackout Period.

Appears in 3 contracts

Samples: Merger Agreement (Pegasus Communications Corp), Registration Rights Agreement (Pegasus Communications Corp), Registration Rights Agreement (Pegasus Communications Corp)

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Information Blackout. (a) At any time when a Registration Statement is effective, upon written notice from the Company to the Holders Holders' Agent that the Company has determined in good faith that sale of Registrable Securities pursuant to the Registration Statement would require disclosure of non-public material information, the disclosure of which would have a material adverse effect on the Company, all Holders shall suspend sales of Registrable Securities pursuant to such Registration Statement until the earlier of (1) 90 days after the Company notifies the Holders Holders' Agent of such good faith determination, and (2) such time as the Company notifies the 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 (the number of days from such suspension of sales by the Holders until the day when such sales may be resumed hereunder is hereinafter called a "Sales Blackout Period"). (b) The time period periods set forth in Section 6(a)(1) or (2) shall be extended for a number of days equal to the number of days in the each Sales Blackout Period. (c) No Sales Blackout Period shall be commenced by the Company within 60 days after the end of a Sales Blackout Period.

Appears in 2 contracts

Samples: Registration Rights Agreement (Pegasus Communications Corp), Registration Rights Agreement (Pegasus Communications Corp)

Information Blackout. (a) At any time when a Registration Statement is effective, upon written notice from the Company to the Holders Holder that the Company has determined in good faith that sale of Registrable Securities pursuant to the Registration Statement would require disclosure of non-public material information, the disclosure of which would have a material adverse effect on the Company, all Holders the Holder shall suspend sales of Registrable Securities pursuant to such Registration Statement until the earlier of (1) 90 20 days after the Company notifies the Holders Holder of such good faith determination, and (2) such time as the Company notifies the Holders 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 (the number of days from such suspension of sales by the Holders Holder until the day when such sales may be resumed hereunder is hereinafter called a "Sales Blackout Period"). (b) The time period set forth in Section 6(a)(1) or (2) shall be extended for a number of days equal to the number of days in the Sales Blackout Period. (c) No Sales Blackout Period shall be commenced by the Company within 60 90 days after the end of a Sales Blackout Period.

Appears in 1 contract

Samples: Registration Rights Agreement (Annuity & Life Re Holdings LTD)

Information Blackout. (a) At any time when a Registration Statement is effective, upon written notice from the Company to the Holders that the Company has determined in good faith that sale of Registrable Securities pursuant to the Registration Statement would require disclosure of non-public material information, the disclosure of which would have a material adverse effect on the Company, all Holders shall suspend sales of Registrable Securities pursuant to such Registration Statement until the earlier of (1) 90 20 days after the Company notifies the Holders of such good faith determination, and (2) such time as the Company notifies the 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 (the number of days from such suspension of sales by the Holders until the day when such sales may be resumed hereunder is hereinafter called a "Sales Blackout Period"). (b) The time period set forth in Section 6(a)(17(a)(1) or (2) shall be extended for a number of days equal to the number of days in the Sales Blackout Period. (c) No Sales Blackout Period shall be commenced by the Company within 60 90 days after the end of a Sales Blackout Period.

Appears in 1 contract

Samples: Omnibus Registration Rights Agreement (Scottish Annuity & Life Holdings LTD)

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Information Blackout. (a) At any time when a Registration Statement is effective, upon written notice from the Company to the Holders that the Company has determined in good faith that sale of Registrable Securities pursuant to the Registration Statement would require disclosure of non-public material information, the disclosure of which would have a material adverse effect on the Company, all Holders shall suspend sales of Registrable Securities pursuant to such Registration Statement until the earlier of (1) 90 120 days after the Company notifies the Holders of such good faith determination, and (2) such time as the Company notifies the 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 (the number of days from such suspension of sales by the Holders until the day when such sales may be resumed hereunder is hereinafter called a "Sales Blackout Period"). (b) The time period set forth in Section 6(a)(1) or (2) shall be extended for a number of days equal to the number of days in the Sales Blackout Period. (c) No Sales Blackout Period shall be commenced by the Company within 60 days after the end of a Sales Blackout Period.

Appears in 1 contract

Samples: Registration Rights Agreement (Gca LTD)

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