Common use of Obligation to Suspend Distribution Clause in Contracts

Obligation to Suspend Distribution. Upon receipt of any notice from Parent of the happening of any event of the kind described in Section 3.1.3(iv), or, in the case of a resale registration on Form S-1 or Form S-3 pursuant to Section 2 hereof, upon any suspension by Parent, pursuant to a written xxxxxxx xxxxxxx compliance program adopted by Parent’s Board of Directors, of the ability of all “insiders” covered by such program to transact in Parent’s securities because of the existence of material non-public information, the Investors shall immediately discontinue disposition of its Registrable Securities pursuant to the Registration Statement covering such Registrable Securities until the Investor receives the supplemented or amended prospectus contemplated by Section 3.1.3(iv) or the restriction on the ability of “insiders” to transact in Parent’s securities is removed, as applicable, and, if so directed by Parent, the Investor will deliver to Parent all copies, other than permanent file copies then in the Investor’s possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice.

Appears in 4 contracts

Samples: Registration Rights Agreement (Trulieve Cannabis Corp.), Registration Rights Agreement (Trulieve Cannabis Corp.), Registration Rights Agreement (Trulieve Cannabis Corp.)

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Obligation to Suspend Distribution. Upon receipt of any notice from Parent of the happening of any event of the kind described in Section 3.1.3(iv3.1.4(iv), or, in the case of a resale registration on Form S-1 or Form S-3 F-3 pursuant to Section 2 2.3 hereof, upon any suspension by Parent, pursuant to a written xxxxxxx xxxxxxx compliance program adopted by Parent’s Board of Directors, of the ability of all “insiders” covered by such program to transact in Parent’s securities because of the existence of material non-public information, the Investors each holder of Registrable Securities included in any registration shall immediately discontinue disposition of its such Registrable Securities pursuant to the Registration Statement covering such Registrable Securities until the Investor such holder receives the supplemented or amended prospectus contemplated by Section 3.1.3(iv3.1.4(iv) or the restriction on the ability of “insiders” to transact in Parent’s securities is removed, as applicable, and, if so directed by Parent, the Investor each such holder will deliver to Parent all written copies, other than permanent file copies then in the Investorsuch holder’s possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice.

Appears in 3 contracts

Samples: Registration Rights Agreement (Fusion Welcome, S.A.), Registration Rights Agreement (Fusion Fuel Green PLC), Registration Rights Agreement (Fusion Fuel Green PLC)

Obligation to Suspend Distribution. Upon receipt of any notice from Parent ParentCo of the happening of any event of the kind described in Section 3.1.3(iv3.1.4(iv), or, in the case of a resale registration on Form S-1 or Form S-3 pursuant to Section 2 hereof, upon any suspension by ParentParentCo, pursuant to a written xxxxxxx xxxxxxx compliance program adopted by Parent’s Board of Directorsthe ParentCo Board, of the ability of all “insiders” covered by such program to transact in ParentParentCo’s securities because of the existence of material non-public information, the Investors each holder of Registrable Securities included in any registration shall immediately discontinue disposition of its such Registrable Securities pursuant to the Registration Statement covering such Registrable Securities until the Investor such holder receives the supplemented or amended prospectus contemplated by Section 3.1.3(iv3.1.4(iv) or the restriction on the ability of “insiders” to transact in ParentParentCo’s securities is removed, as applicable, and, if so directed by ParentParentCo, the Investor each such holder will deliver to Parent ParentCo all copies, other than permanent file copies then in the Investorsuch holder’s possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice.

Appears in 3 contracts

Samples: Investor Rights Agreement (Roth CH Acquisition I Co. Parent Corp.), Investor Rights Agreement (Open Lending Corp), Business Combination Agreement (Nebula Acquisition Corp)

Obligation to Suspend Distribution. Upon receipt of any notice from Parent of the happening of any event of the kind described in Section 3.1.3(iv), or, in the case of a resale registration on Form S-1 or Form S-3 pursuant to Section 2 hereof, upon any suspension by Parent, pursuant to a written xxxxxxx xxxxxxx compliance program adopted by Parent’s Board of Directors, of the ability of all “insiders” covered by such program to transact in Parent’s securities because of the existence of material non-public information, the Investors shall immediately discontinue disposition of its Registrable Securities pursuant to the Registration Statement covering such Registrable Securities until the Investor receives the supplemented or amended prospectus contemplated by Section 3.1.3(iv3.1.3 (iv) or the restriction on the ability of “insiders” to transact in Parent’s securities is removed, as applicable, and, if so directed by Parent, the Investor will deliver to Parent all copies, other than permanent file copies then in the Investor’s possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice.

Appears in 2 contracts

Samples: Registration Rights Agreement (Trulieve Cannabis Corp.), Registration Rights Agreement (Trulieve Cannabis Corp.)

Obligation to Suspend Distribution. Upon receipt of any notice from Parent of the happening of any event of the kind described in Section 3.1.3(iv), or, in the case of a resale registration on Form S-1 or Form S-3 pursuant to Section 2 2.3 hereof, upon any suspension by Parent, pursuant to a written xxxxxxx ixxxxxx xxxxxxx compliance program adopted by Parent’s Board of Directors, of the ability of all "insiders" covered by such program to transact in Parent’s securities because of the existence of material non-public information, the Investors Investor shall immediately discontinue disposition of its Registrable Securities pursuant to the Registration Statement covering such Registrable Securities until the Investor receives the supplemented or amended prospectus contemplated by Section 3.1.3(iv) or the restriction on the ability of "insiders" to transact in Parent’s securities is removed, as applicable, and, if so directed by Parent, the Investor will deliver to Parent all copies, other than permanent file copies then in the Investor’s possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice.

Appears in 1 contract

Samples: Registration Rights Agreement (RumbleON, Inc.)

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Obligation to Suspend Distribution. Upon receipt of any notice from Parent of the happening of any event of the kind described in Section 3.1.3(iv3.1.4(iv), or, in the case of a resale registration on Form S-1 or Form S-3 pursuant to Section 2 2.3 hereof, upon any suspension by Parent, pursuant to a written xxxxxxx xxxxxxx compliance program adopted by Parent’s Board of Directors, of the ability of all “insiders” covered by such program to transact in Parent’s securities because of the existence of material non-public information, the Investors each Investor holding Registrable Securities included in such Registration Statement shall immediately discontinue disposition of its Registrable Securities pursuant to the Registration Statement covering such Registrable Securities until the such Investor receives the supplemented or amended prospectus contemplated by Section 3.1.3(iv3.1.4(iv) or the restriction on the ability of “insiders” to transact in Parent’s securities is removed, as applicable, and, if so directed by Parent, the each such Investor will deliver to Parent all copies, other than permanent file copies then in the such Investor’s possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice.

Appears in 1 contract

Samples: Registration Rights Agreement (Purple Innovation, Inc.)

Obligation to Suspend Distribution. Upon receipt of any notice from Parent of the happening of any event of the kind described in Section 3.1.3(iv3.1.4(iv), or, in the case of a resale registration on Form S-1 or Form S-3 pursuant to Section 2 2.3 hereof, upon any suspension by Parent, pursuant to a written xxxxxxx xxxxxxx compliance program adopted by Parent’s Board of Directors, of the ability of all “insiders” covered by such program to transact in Parent’s securities because of the existence of material non-public information, the Investors Investor shall immediately discontinue disposition of its Registrable Securities pursuant to the Registration Statement covering such Registrable Securities until the Investor receives the supplemented or amended prospectus contemplated by Section 3.1.3(iv3.1.4(iv) or the restriction on the ability of “insiders” to transact in Parent’s securities is removed, as applicable, and, if so directed by Parent, the Investor will deliver to Parent all copies, other than permanent file copies then in the Investor’s possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice.

Appears in 1 contract

Samples: Registration Rights Agreement (Purple Innovation, Inc.)

Obligation to Suspend Distribution. Upon receipt of any notice from Parent ParentCo of the happening of any event of the kind described in Section 3.1.3(iv3.1.4(iv), or, in the case of a resale registration on Form S-1 or Form S-3 pursuant to Section 2 hereof, upon any suspension by ParentParentCo, pursuant to a written xxxxxxx ixxxxxx xxxxxxx compliance program adopted by Parent’s Board of Directorsthe ParentCo Board, of the ability of all “insiders” covered by such program to transact in ParentParentCo’s securities because of the existence of material non-public information, the Investors each holder of Registrable Securities included in any registration shall immediately discontinue disposition of its such Registrable Securities pursuant to the Registration Statement covering such Registrable Securities until the Investor such holder receives the supplemented or amended prospectus contemplated by Section 3.1.3(iv3.1.4(iv) or the restriction on the ability of “insiders” to transact in ParentParentCo’s securities is removed, as applicable, and, if so directed by ParentParentCo, the Investor each such holder will deliver to Parent ParentCo all copies, other than permanent file copies then in the Investorsuch holder’s possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice.

Appears in 1 contract

Samples: Investor Rights Agreement (Roth CH Acquisition I Co. Parent Corp.)

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