Common use of Maintenance of Effectiveness Clause in Contracts

Maintenance of Effectiveness. NBCi agrees to use commercially reasonable efforts to keep the Shelf Registration Statement (including the preparation and filing of any amendments and supplements necessary for that purpose) continuously effective until the earlier of (a) the date on which the Registering Holders (or distributees or transferees of such Registering Holders) no longer hold any Registrable Securities or (b) the date on which all the Registrable Securities of the Registering Holders are eligible for sale pursuant to Rule 144(k) (or any successor provision) or in one day without registration pursuant to Rule 144(e) (or any successor provision) under the Securities Act (such period, the "EFFECTIVE PERIOD"). Each Registering Holder seeking to offer and sell Registrable Securities upon exercise of the rights hereunder agrees to provide information to NBCi in a timely manner regarding the proposed distribution by such Registering Holder of the Registrable Securities and such other information reasonably requested by NBCi in connection with the preparation of the Shelf Registration Statement. If the Shelf Registration Statement ceases to be effective for any reason or at any time during the Effective Period (other than because of the sale of all the securities registered thereunder), NBCi shall use commercially reasonable efforts to obtain the prompt withdrawal of any order suspending the effectiveness thereof. Upon written request from a Registering Holder during the Effective Period, NBCi shall, subject to the other provisions of this Agreement, promptly supplement the Shelf Registration Statement to reflect resales of Class A Common Stock by any distributees or other transferees of any Holder who received their Class A Common Stock in accordance with this Agreement and who have been identified in writing to NBCi.

Appears in 3 contracts

Samples: Registration Rights Agreement (General Electric Co), Registration Rights Agreement (NBC Internet Inc), Registration Rights Agreement (NBC Internet Inc)

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Maintenance of Effectiveness. NBCi agrees to use commercially ---------------------------- reasonable efforts to keep the Shelf Registration Statement (including the preparation and filing of any amendments and supplements necessary for that purpose) continuously effective until the earlier of (a) the date on which the Registering Holders (or distributees or transferees of such Registering Holders) no longer hold any Registrable Securities or (b) the date on which all the Registrable Securities of the Registering Holders are eligible for sale pursuant to Rule 144(k) (or any successor provision) or in one day without registration pursuant to Rule 144(e) (or any successor provision) under the Securities Act (such period, the "EFFECTIVE PERIODEffective Period"). Each Registering Holder seeking to offer ---------------- and sell Registrable Securities upon exercise of the rights hereunder agrees to provide information to NBCi in a timely manner regarding the proposed distribution by such Registering Holder of the Registrable Securities and such other information reasonably requested by NBCi in connection with the preparation of the Shelf Registration Statement. If the Shelf Registration Statement ceases to be effective for any reason or at any time during the Effective Period (other than because of the sale of all the securities registered thereunder), NBCi shall use commercially reasonable efforts to obtain the prompt withdrawal of any order suspending the effectiveness thereof. Upon written request from a Registering Holder during the Effective Period, NBCi shall, subject to the other provisions of this Agreement, promptly supplement the Shelf Registration Statement to reflect resales of Class A Common Stock by any distributees or other transferees of any Holder who received their Class A Common Stock in accordance with this Agreement and who have been identified in writing to NBCi.

Appears in 1 contract

Samples: Registration Rights Agreement (Kitze Christopher)

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