Common use of Notice of Prospectus Defects Clause in Contracts

Notice of Prospectus Defects. The Company will immediately notify the Selling Holders of the happening of any event, as a result of which the prospectus included or to be included in the Registration Statement, as then in effect, includes an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing (provided that such notice shall not contain any material, non-public information). The Company will promptly revise such prospectus as may be necessary so that such prospectus shall not include an untrue statement of a material fact or omit to state such a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing. The Company will promptly deliver copies of such revised prospectus to the Selling Holders. Following receipt of the revised prospectus, the Selling Holders will be free to resume making offers of the Registrable Shares. The Company will extend the period during which the Registration Statement must be kept effective pursuant to this Agreement by the number of days during the period from and including the date of giving such notice to and including the date when the Selling Holders shall have received copies of the revised prospectus.

Appears in 3 contracts

Samples: Registration Rights Agreement (Streamline Health Solutions Inc.), Registration Rights Agreement (Orion Healthcorp Inc), Registration Rights Agreement (Orion Healthcorp Inc)

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Notice of Prospectus Defects. The Company will immediately notify the Selling Holders Holder, and (if requested by the Selling Holder) confirm such notice in writing, of the happening of any event, as a result of which the prospectus included or to be included in the Shelf Registration Statement, as then in effect, includes an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing (provided that such notice shall not contain any material, non-public information). The Company will promptly revise such prospectus as may be necessary so that such prospectus shall not include an untrue statement of a material fact or omit to state such a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing. The Company will promptly deliver copies of such revised prospectus to the Selling HoldersHolder. Following receipt of the revised prospectus, the Selling Holders Holder will be free to resume making offers of the Registrable Shares. The Company will extend the period during which the Shelf Registration Statement must be kept effective pursuant to this Agreement by the number of days during the period from and including the date of giving such notice to and including the date when the Selling Holders Holder shall have received copies of the revised prospectus.

Appears in 1 contract

Samples: Shareholder's Agreement and Registration Rights Agreement (Atwood Oceanics Inc)

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